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Rare peek into race purses, payouts under charter system

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A new filing before a Thursday bankruptcy court hearing for BK Racing provided a window into the payouts of NASCAR’s charter structure.

The system, which went into effect two years ago, guaranteed revenues and race attendance for 36 cars. Funding was based on four categories: entering a race, historical performance over the past three seasons, the traditional points fund (with extra cash) and race results. It was partly intended to help teams by providing more predictable revenue guarantees for budget projections.

MORE: Court filing reveals expenses, revenue for each race

Prior to the 2016 season, each race had a purse that paid out for finishing position and contingency awards (which rewarded the most competitive teams). Under the new system, money paid for results was based solely on finishing position, and NASCAR abolished publishing purse totals and race winnings in box scores.

The BK Racing document, which was filed in U.S. Bankruptcy Court, Western District of North Carolina, sheds some light on those now shielded numbers. It lists the total purse for every race during the 2018 season and also lists BK Racing’s prize money for each of the first four races in the No. 23 Toyota with driver Gray Gaulding.

–Daytona 500 (total purse $15.466 million): The team earned $428,794 for finishing 20th.

–Atlanta Motor Speedway (total purse $2.477 million): The team earned $91,528 for 36th.

–Las Vegas Motor Speedway (total purse $2.647 million): The team earned $98,754 for 33rd.

–ISM Raceway near Phoenix (total purse: $1.459 million): The team earned $82,000 for 34th.

Though the formula was different for structuring the purse and race payouts, here were the total purses and payouts for those positions in 2015, the last year that earnings were publicly made available.

–Daytona 500: Total purse $19.8 million; $348,803 for 20th

–Atlanta: Total purse $6.3 million; $101,370 for 36th

–Las Vegas: Total purse $6.5 million; $118,724 for 33rd

–Phoenix: Total purse $5.1 million; $74,805 for 34th

A hearing on the BK Racing bankruptcy case will be held in Charlotte at 2 p.m. Thursday.

Click here to view the BK Racing filing.

Coca-Cola 600 resumes after rain delay

Coca-Cola 600
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The Coca-Cola 600 is back under way following a rain delay.

The caution was issued on Lap 49 for rain and the field was brought to pit road. The red flag was issued at 7:07 p.m. ET and lifted at 8:16 p.m. ET.

The top five at the time of the stoppage was Kurt Busch, Martin Truex Jr., Chase Elliott, Tyler Reddick and Joey Logano.

Check back for updates.

 

Denny Hamlin team faces potential penalty after ballast falls off car

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Denny Hamlin was involved in an incident even before Sunday’s Coca-Cola 600 got underway that could result in a hefty penalty.

A chunk of tungsten ballast — which teams use to bring Cup cars up to minimum weight standards — fell off Hamlin’s car on a parade lap.

The incident puts Hamlin’s crew chief Chris Gabehart and several others on the team in violation of the NASCAR rule book, which means a hefty penalty could be in the offing.

According to the NASCAR rule book, the penalty is 12.5.2.7.4.d: Minimum safety penalty options — “Loss or separation of added ballast from the vehicle will result in a four Race suspension of the crew chief, car chief, and head engineer. If NASCAR cannot identify which series or vehicle the lost ballast originated from, all vehicles entered for that Event from and associated with the team organization identified on the lost ballast may receive the suspensions.”

If NASCAR implements the potential penalty, Gabehart and others could miss the following four races: May 27 at Charlotte, May 31 at Bristol, June 7 at Atlanta and June 10 at Martinsville.

Several of those tracks are good for Hamlin, including winning the Bristol summer night race last year, as well as was fourth at the Martinsville playoff race last fall and 11th at Atlanta.

NASCAR ordered Hamlin back to pit road where the No. 11 crew added a new chunk of ballast to Hamlin’s car. He returned to the race eight laps down.

Here’s what a fabricator from rival team Stewart-Haas Racing tweeted about the incident:

Follow @JerryBonkowski

Coca-Cola 600 starting lineup

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Chevrolet drivers swept the top three rows for tonight’s Coca-Cola 600, led by Kurt Busch‘s pole-winning lap of 181.269 mph.

Jimmie Johnson was next with a lap of 181.214 mph. He was followed by Chase Elliott (181.002 mph), Matt Kenseth (180.923), rookie Tyler Reddick (180.905) and Austin Dillon (180.741).

Ford driver Joey Logano, who starts seventh after a lap of 180.451 mph, was the top qualifier not driving a Chevrolet.

TO THE REAR: Matt DiBenedetto (backup car), Brad Keselowski (unapproved adjustment), Aric Almirola (unapproved adjustment), JJ Yeley (unapproved adjustment) and Timmy Hill (unapproved adjustment)

Click here for Coca-Cola 600 starting lineup

Kurt Busch on pole for Coca-Cola 600

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Kurt Busch will lead the field to the green flag for tonight’s Coca-Cola 600 after claiming the pole Sunday afternoon at Charlotte Motor Speedway.

It is Busch’s 28th career pole and first at Charlotte Motor Speedway. Busch is joined on the front row by Jimmie Johnson. Chase Elliott qualified third and is followed by Matt Kenseth and rookie Tyler Reddick. Austin Dillon was sixth, as Chevrolet drivers took the top six spots.

Click here for qualifying results

Aric Almirola spun coming to take the green flag to begin his qualifying lap. He grazed the wall with his rear bumper.

Matt DiBenedetto slapped the wall off Turn 4 during his qualifying lap and will go to a backup car and start at the rear of the field.