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Kevin Harvick says NASCAR should share any gambling revenue with teams

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Former Cup champion Kevin Harvick wants NASCAR to share any gambling revenue with teams and not keep the money itself.

The Supreme Court’s decision Monday to strike down a 1992 federal law that banned commercial sports betting has states seeking to allow such gaming as soon as possible and leagues looking to collect money off it.

“I want my team to be taken care of,” Harvick said Tuesday night on his SiriusXM NASCAR Radio show. “That’s really the main thing that kind of falls into line here is something of a share in revenue comes down the pipe and even if it is a 1 percent share of revenue, I don’t want it all to go to the league. I think it should be shared with the teams.’’

Harvick said on his show “Happy Hours” that any revenue would be good for teams and help make them — and their charters — more valuable.

“I want to see a business model that works for the current owners and takes these charters from being what they are today to being what something of an NBA franchise or an NFL franchise (is),’’ said Harvick, who closed his racing team after the 2011 season. “I’m not saying from a dollar standpoint but just from (the point that) somebody that can afford to come in and own a race team to say ‘I want to do that because it’s really not going to cost me that much money and down the road it might be worth ‘X’ as we go further down the line.’

“That’s the point we have to get to if you want to make it a real league and make it so that the charters are worth what they need to be. This would be another example of getting that revenue stream a little bit better than what it is today.’’

The NBA has stated it seeks an “integrity fee” of 1 percent of the amount wagered on any of its events. Other leagues also are expected to seek such payment.

Harvick, who has won a series-high five races this year, said NASCAR shouldn’t be left out.

“If we could do something like that, that would be great for everybody,’’ he said.

Harvick also wants to see other changes to the revenue stream for teams. He noted the TV money that comes into the sport. Currently, tracks collect 65 percent, teams receive 25 percent and NASCAR takes 10 percent of the TV money.

International Speedway Corp., citing leading industry sources, stated in its 2017 annual report that the sport’s TV package is valued $8.2 billion over 10 years. The deal goes through the 2024 season.

ISC stated in its 2017 annual report that it received approximately $337.4 million in fiscal year 2017 from TV broadcast and ancillary rights fees.

Speedway Motorsports Inc. stated in its 2017 annual report that it expects its broadcasting revenue to be about $217 million for 2018.

“I think that there should be a bigger piece of the pie that comes out of the TV money that goes to the teams because that’s really the root of Cup racing,” Harvick said. “If you don’t have the teams, and you don’t have those owners that are in there in the garage wanting to be there, then we all don’t have anything to race.’’

Michael Waltrip Racing folded after the 2015 season. Roush Fenway Racing downsized from four to three teams in 2013 and then cut back to two teams in 2017. Richard Childress Racing went from three to two teams for this season. Furniture Row Racing went from two teams to one for this year. BK Racing filed Chapter 11 bankruptcy in February and recently listed total liabilities as $37.7 million.

Team Penske grew from two to three Cup teams this year. StarCom Racing debuted with two races last year and is running the full season this year, leasing a charter from Richard Childress Racing.

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Sunday’s schedule for Trucks, Xfinity Series at Iowa Speedway

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Today is Father’s Day and even though the Cup Series is off this weekend, there’ll still be NASCAR racing at Iowa Speedway.

Lots of racing, in fact.

Due to Saturday night’s rainout of the M&Ms 200 NASCAR Gander Outdoors Truck Series race, today will feature a rare same-day, same-track doubleheader at the 7/8-mile paved oval in Newton, Iowa

The rescheduled Trucks race will take the green flag shortly after Noon ET, while the CircuitCity.com 250 Xfinity Series race will go off at 5:30 p.m. ET.

wunderground.com forecasts a temperature of 75 degrees and an 11 percent chance of rain at the start of the Trucks race. Later in the day, wunderground.com forecasts a temperature of 77 degrees and a 14 percent chance of rain at the start of the Xfinity Series race.

Here’s today’s schedule with TV and radio info:

(All times are Eastern)

9 a.m. – Xfinity garage opens

10 a.m. – Trucks garage opens

11:30 a.m. – Trucks driver introductions

12:10 p.m. — M&Ms 200 Truck Series race; 200 laps/175 miles (FS1, MRN, SiriusXM NASCAR Radio)

2:35 p.m. – Xfinity qualifying; single car/two laps (FS2)

3:30 p.m. – Xfinity driver-crew chief meeting

5 p.m. – Driver introductions

5:38 p.m. – CircuitCity.com 250; 250 laps/218.75 miles (FS1, MRN, SiriusXM NASCAR Radio)

Rain washes out Xfinity practices, Truck race at Iowa

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UPDATE AS OF 9:30 p.m. ET:

NASCAR officials tried but Mother Nature refused to cooperate in stopping rain around Iowa Speedway Saturday evening.

As a result, the M&Ms 200 NASCAR Gander Outdoors Truck Series race has been postponed until Sunday. The green flag will drop shortly after Noon ET (to be televised on FS1 and on radio on Motor Racing Network and SiriusXM NASCAR Radio.

Qualifying for Sunday’s Xfinity Series race is slated for 2:35 p.m. ET (FS2, no radio), while the CircuitCity.com 250 Xfinity race will go off shortly after 5:30 p.m. ET (FS1, MRN/SiriusXM NASCAR Radio).

UPDATE AS OF 9 p.m. ET:

The start of tonight’s M&Ms 200 NASCAR Gander Outdoors Truck Series race at Iowa Speedway has been delayed due to weather.

However, the heavy rain has stopped and track drying efforts are underway.

We will continue to monitor the situation and give you updates as they become available.

UPDATE AS OF 7:15 p.m. ET: 

After bad weather prompted NASCAR officials to shorten the first of two Xfinity Series practices at Iowa Speedway, the second and final Xfinity practice has now been cancelled.

NASCAR is still hoping the weather relents to get the scheduled M&Ms 200 NASCAR Gander Outdoors Truck Series in tonight. The green flag is slated to fall at 8:30 p.m. ET (FS1 and MRN/SiriusXM).

Qualifying for Sunday’s CircuitCity.com 250 Xfinity race is still slated for tomorrow at 2 p.m. ET, with the green flag set for shortly after 5 p.m. ET. The weather forecast looks good, according to wunderground.com.

We’ll keep you updated with any changes as they become available.

ORIGINAL STORY:

For the second time today, weather has interrupted activities of both the NASCAR Gander Outdoors Truck Series and the NASCAR Xfinity Series at Iowa Speedway.

Earlier this afternoon, rain forced the cancellation of qualifying for tonight’s M&Ms 200 Truck Series race. The weather also pushed back the start of the first of two Xfinity practices.

In addition to lightning being seen near the racetrack, the area in and around Newton, Iowa is under a thunderstorm watch. That prompted NASCAR officials to stop the first Xfinity practice, which had been already rescheduled once to go from 5:30 p.m. to 6:25 p.m. ET, to be shortened with 25 minutes of time remaining.

Harrison Burton was the fastest driver (130.192 mph) in the Xfinity pack before the session was stopped due to the approaching bad weather.

Second through 10th-fastest were Christopher Bell (130.112 mph), Austin Cindric (130.063), Noah Gragson (129.977), Cole Custer (129.817), Chase Briscoe (128.935), Zane Smith (128.892), Tyler Reddick (128.834), John Hunter Nemechek (128.687) and Justin Allgaier (128.629).

Click here for the results from the abbreviated first Xfinity practice.

A second Xfinity practice is due to take place from 7 to 7:50 p.m., followed by tonight’s main event, the Truck Series race at 8:30 p.m. ET (FS1 and MRN/SiriusXM). However, weather radar to the north and west of the track is not looking promising at this point.

We’ll update as more information on the conditions becomes available.

Rain cancels Truck qualifying at Iowa, delays Xfinity first practice

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Rain has forced the cancellation of today’s NASCAR Gander Outdoors Truck Series qualifying at Iowa Speedway.

In addition, the first of two Xfinity Series practice sessions, slated to be held from 3:05 to 3:55 p.m. ET has been postponed until 5:30 p.m. ET, and will run until 6:25 p.m. ET. The second Xfinity practice is still set to go at its original scheduled time of 7 to 7:50 p.m. ET.

The 7/8-mile oval in Newton, Iowa is currently being dried and NASCAR hopes to get the remainder of today’s activities in, including tonight’s M&Ms 200 Truck Series race, slated to take the green flag at 8:30 p.m. ET.

The starting lineup for the Trucks race has been set by the NASCAR rule book. That means Chandler Smith — making his first-ever career start in a Truck, and who was fastest in the first of two practice sessions earlier today before the rain came — will start on the pole for tonight’s race. Smith (photo) is driving the No. 51 Toyota Tundra for Kyle Busch Motorsports.

Tonight’s race is also the second event in the three-race Triple Truck Challenge; the race winner will receive a $50,000 bonus.

Click here for the starting lineup for tonight’s Truck Series race (televised on FS1 and on radio on MRN and SiriusXM NASCAR Radio).

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Kyle Larson dominates en route to Ohio Sprintweek feature win in Ohio

Photo courtesy All-Star Circuit of Champions
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It may be an off-weekend for the rest of the drivers in the NASCAR Cup Series, but not for Kyle Larson.

The Chip Ganassi Racing driver won the feature event Friday night in the Ohio Sprintweek race at Ohio’s Attica Raceway Park. Larson won the All-Star Circuit of Champions Series race by more than seven seconds, having lapped half the 25-car field by the time he took the checkered flag.

Dale Blaney, uncle of NASCAR Cup driver Ryan Blaney, finished second, followed by Buddy Kofoid.

Larson has now won his last three sprint car race starts. He goes for four in a row tonight as Sprintweek continues.

 

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