Friday 5: Silly season, charter sales and track news

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Not since 2009 have two former Cup champions switched teams — but might that take place for next season?

With 12 races left this year, former champions and free agents Martin Truex Jr. and Kurt Busch have not stated where they will race in 2019.

Truex has won 20 percent of the Cup races since last season, finished in the top five 56.7 percent of the time and scored a top 10 in more than two-thirds of those races.

It would seem natural that the 38-year-old reigning Cup champion will stay with Furniture Row Racing, but everything changed when 5-hour Energy announced July 18 it would end its involvement in NASCAR after this season. 5-hour Energy became a co-primary sponsor for 30 Cup races this season on the No. 78 team with Bass Pro Shops/Tracker Boats.

Two weeks ago at Bristol, Truex couldn’t give a number when asked to estimate a percentage of remaining with the team after this season.

“Right now, we need sponsorship,” Truex said then. “That’s as simple as it gets.”

Busch, 40, signed a one-year extension with Stewart-Haas Racing in December, after Monster Energy decided to return as a team sponsor. Busch, the 2004 Cup champ, has said he’s talked to multiple teams about a ride for next year.

Busch won two weeks ago at Bristol to assure a playoff spot. He has four top-five finishes and 15 top-10 results this season — nearly bettering what he did last season for SHR.

The last time two drivers with Cup championships switched teams for the same season was 2009 when Tony Stewart and Bobby Labonte changed teams.

Stewart, a two-time champion at the time, went from Joe Gibbs Racing to Haas CNC Racing, which was renamed Stewart-Haas Racing. He won his third title in 2011 for that organization. Labonte, who won the 2000 crown, moved from Petty Enterprises to Hall of Fame Racing in 2009.

2. Boom or Bust?

When a bankruptcy judge approved the sale of BK Racing — and its charter — to Front Row Motorsports last week, it marked the ninth time that a charter has been sold since the system was created before the start of the 2016 season.

One charter has been sold twice in that period, meaning eight separate charters (22.2 percent) have been sold in less than three years. Many more have been leased. Teams can lease a charter once in five years.

The charter system debuted in February 2016 after about 18 months of discussions between NASCAR and team owners. NASCAR announced there would be 36 charters, guaranteeing each holder a starting spot in each race. The charter system also guarantees a set amount of income that isn’t solely based on a team’s finishing position in a race. Performance the past three years, a fixed amount per race and year-end point fund money also are factored.

The point was that teams could better budget what they would receive during the season and have a better idea of how much sponsorship they needed.

Also, the charter system was billed as a way to provide greater value to teams and led to the creation of a Team Owners Council, similar to what Cup drivers have. The Team Owners Council since has played a key role in the discussion of rule changes.

The money paid for charters has been kept quiet. Court documents from BK Racing’s bankruptcy case state that BK Racing sold a charter to Front Row Motorsports for $2 million in December 2016.

The bankruptcy court approved Front Row Motorsports’ purchase of BK Racing for $2.08 million. That included the charter, cars, equipment and other assets, meaning the charter sold for less than the one BK Racing sold in December 2016.

The bankruptcy court approved the bidding process for the BK Racing sale. A price of $1.8 million from Mike Beam, president of GMS Racing, was set as the minimum bid for the charter and certain assets. At the auction, Front Row Motorsports was the only bidder and topped Beam’s total.

Less than three years into the charter system, the movement of charters shows the difficulties with owning a team. The hope was that it would lead to a way for new investors to join the sport — and it could happen in the future.

But it takes more than a charter. There is all the equipment that must be purchased, personnel hired and the need for an alliance to have any hope of being competitive. Then there’s the sponsorship that a team needs to secure. That’s even a big jump for an Xfinity team to make if it wants to move to Cup.

With all that, it’s not surprising at this point that the charters have been passed among those that already own teams.

Here are the charters that have been sold since the charter system was created:

2016 season — Michael Waltrip Racing sold a charter to Stewart-Haas Racing for the No. 41 car.

2016 — Michael Waltrip Racing sold a charter to Joe Gibbs Racing for the No. 19 car.

2017 season — Premium Motorsports sold a charter to Furniture Row Racing for the No. 77 car.

2017 — BK Racing sold a charter to Front Row Motorsports for $2 million, according to court documents.

2017 — HScott Motorsports sold a charter to Premium Motorsports for the No. 15 car.

2017 — Tommy Baldwin Racing sold a charter to Leavine Family Racing for the No. 95 car.

2018 season — Furniture Row Racing sold the No. 77 car’s charter to JTG Daugherty for the No. 37 car.

2018 — Roush Fenway Racing sold a charter to Team Penske for the No. 12 car.

2018 — BK Racing charter sold in bankruptcy court to Front Row Motorsports for $2.08 million, including various assets.

3. Track News – Rockingham

The Richmond County Daily Journal reported that Rockingham Properties, LLC was expected to finalize paperwork Thursday on the purchase of Rockingham Speedway.

The paper did not list a price but stated that county tax administrator Vagas Jackson said the property was valued at $2,993,324. The paper reported that Dan Lovenheim, who owns restaurants and bars in and around Raleigh, North Carolina, is the majority owner of Rockingham Properties LLC.

Lovenheim did not provide the paper with plans for the track only to say they are “remarkably encompassing.”

4. Track News – Lucas Oil Raceway

The Indianapolis Star reported Thursday that Lucas Oil Raceway, which includes the drag strip that will host the upcoming U.S. Nationals, a road course and an oval track where the NASCAR Xfinity and Camping World Truck Series used to race, is in the midst of a multimillion-dollar renovation.

The first phase is focused on the drag strip.

Future plans call for improvements to the 0.686-mile oval so that it can host more stock car races.

“I think it’s no secret that we’d like to see other forms of stock car racing, be it different forms of NASCAR racing that come back out here,” Kasey Coler, the track’s general manager, told the newspaper. “That’s long term what we’d like to see.”

5. Did you know …

Darlington Raceway is Ryan Newman’s best track based on average finish. He has an average finish of 11.68 there. His next best track is Rockingham. He had an average finish of 12.4 there.

Since 2009, Newman and Denny Hamlin have the most top-10 finishes at Darlington Raceway with seven each. Next are Kevin Harvick, Kyle Busch, Matt Kenseth and Martin Truex Jr. with six each.

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Goodyear tire info for Richmond race weekend

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If Goodyear tires at Richmond Raceway look familiar this weekend, there’s a good reason.

Teams competing in Friday’s Xfinity and Saturday’s Cup races will have the same Goodyear tire compounds as they raced upon in the spring at the 3/4-mile bullring in April.

Richmond is simply one of the more high-wear tracks on the NASCAR circuit,” Greg Stucker, Goodyear’s director of racing, said in a media release. “What we’ve seen this year with this higher downforce package, with the cars more ‘in the track’ and with less lateral slip, wear is down a bit compared to 2018.

Saying that, tires are still very important at Richmond. The tread compounds we bring do a good job rubbering in the track, creating multiple racing grooves throughout the race.”

As a result, tire management is a significant element for this weekend’s races, “meaning a good amount of passing throughout the field as a run progresses,” according to the Goodyear media release. “Richmond has traditionally lined up with a couple other tracks of similar length – New Hampshire and Phoenix – but its ‘racy’ configuration requires more stagger (difference in height between the shorter left-side tire and the taller right-side tire) be built into the tire set-up.”

NOTES: This is the only track at which Cup or Xfinity teams will run either of these two Goodyear tire codes. … As on most NASCAR ovals one mile or less in length, teams will not run liners in their tires at Richmond.

Here is the information for this weekend’s tires at Richmond:

Tire: Goodyear Eagle Intermediate Radials

Set limits: Cup: Three sets for practice, one set for qualifying and 10 sets for the race (nine race sets plus one set transferred from qualifying or practice); Xfinity: Six sets for the event

Tire Codes: Left-side — D-4874; Right-side — D-4876

Tire Circumference: Left-side — 2,214 mm (87.17 in.); Right-side — 2,244 mm (88.35 in.)

Minimum Recommended Inflation: Left Front — 12 psi; Left Rear – 12 psi; Right Front — 30 psi; Right Rear — 27 psi

Daniel Hemric not returning to Richard Childress Racing’s No. 8 car next year

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Daniel Hemric will not return to drive Richard Childress Racing’s No. 8 Chevrolet in 2020, the team announced Tuesday. The team said in a statement it had exercised its option and would release Hemric following this season.

Hemric is in his rookie Cup season and has been with RCR for three years. He competed for the team in the Xfinity Series from 2017-18 before moving to Cup. Hemric has competed in five full-time seasons across Cup, Xfinity and the Truck Series and has yet to visit victory lane.

More: NASCAR schedule, video and more

Through 27 races this year, Hemric has two top-10 finishes – a fifth at Talladega and a seventh at Pocono in July – and an average finish of 22.7.

The move by RCR to release Hemric creates a potential open seat for RCR’s Xfinity series driver Tyler Reddick, who is the defending Xfinity champion. Owner Richard Childress said in July the only way he could keep Reddick was if he moved Reddick up to Cup.

Reddick has five wins this season, including last Saturday at Las Vegas Motor Speedway. Reddick enters the postseason as the regular-season champion. The postseason begins Friday at Richmond Raceway (7:30 p.m. ET on NBCSN).

Statements from RCR and Hemric are below.

Joey Gase joins Garrett Smithley to defend self from Kyle Busch criticism

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Joey Gase on Tuesday joined Garrett Smithley to basically tell Kyle Busch to double-check his facts before pointing fingers.

Busch criticized Smithley and Gase for their driving – having made contact with Smithley and was impeded by Gase – late in Sunday’s Cup playoff opener at Las Vegas, leaving Busch with an eventual 19th-place finish.

Busch said in an interview on NBCSN: “We’re the top echelon of motorsports, and we’ve got guys that have never won Late Model races running on the racetrack. It’s pathetic, they don’t know where to go. What else do you do?”

Gase stood up for himself in an extended tweet Tuesday.

Here’s a transcript of that post:

Well someone implied (Sunday) night that I have never won a late model race before. As you can see in the pics below I have won a few in my day and just wanted to share my story a little bit and thank the people who have helped me get to where I am today.

My dad raced before I did at the local short track level and that’s how I fell in love with racing. When I was 4 years old my dad got me my first yard kart and would turn hundreds of laps on the driveway everyday. When I turned 14 my dad retired from racing and I started to race his old open wheel modified and won that year up in Oktoberfest in Lacrosse, WI which anyone in the Midwest knows how big of a weekend that is.

When I was 16 I was the youngest ever to win the track championship in the Late Model division at Hawkeye Downs Speedway racing against some of the best in the Midwest like Johnny Spaw, Tim Plummer, Griffen McGrath, Doughly Fleck, Brad Osborn and the list goes on and this is when my career took off.

This was only made possible because a family friend believed in me and bought my first two late models and the motors to go with it. Our crew consisted of my dad, my uncle, grandpa, and I. My parents were not rich, my dad worked in a coal power plant for 20 plus years and my mom was a hair stylist. It took the effort of my whole family and a lot of people who believed in me to get to where I am today and I can’t thank them enough.

We have accomplished a lot of cool things over the years, my top memories being winning my first race back after my mom’s passing, finishing fifth with Jimmy Means Racing at Talladega after almost missing the race and making my first start in the Daytona 500 and being the highest finishing rookie (23rd).

I have to give HUGE thanks to Jimmy Means for giving me a big chance and making it possible for myself to get established in NASCAR with nearly no funding when we first started and Carl Long for picking me back up after my big sponsor from last year did not stand by their commitments and letting me know in the middle of December.

We have to work for every sponsor we get and I am proud to say I have 30 different sponsors this year and would not be here without them. Also have to thank all of my fans for always standing by me.”

Gase’s tweet follows Smithley’s rebuke of Busch late Monday afternoon, giving his side of the contact with the former Cup champ.

On Monday’s NASCAR America, analysts Steve Letarte, Kyle Petty and Nate Ryan discussed if Busch was wrong in his criticism.

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Preliminary entry lists for Richmond Raceway

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The NASCAR playoffs continue this weekend at Richmond Raceway for two of the national series.

The Cup Series holds the second race of its opening round while the Xfinity Series kicks off its postseason.

Here are the preliminary entry lists for each race.

Cup – Federated Auto Parts 400 (7:30 p.m. ET Saturday on NBCSN)

There are 38 entries for the race.

Quin Houff is entered in Premium Motorsports’ No. 27 Chevrolet.

Austin Theriault is entered in Rick Ware Racing’s No. 51 Chevrolet.

Garrett Smithley is entered in RWR’s No. 52 Ford and Spencer Boyd is in the team’s No. 53 Chevrolet.

Martin Truex Jr. won the spring race at Richmond over Joey Logano and Clint Bowyer. Kyle Busch won this race last year over Kevin Harvick and Truex.

Click here for the entry list.

Xfinity – Go Bowing 250 (7:30 p.m. ET Friday on NBCSN)

There are 38 entries for the race.

Harrison Burton is entered in Joe Gibbs Racing’s No. 18 Toyota for the fourth time this season.

Zane Smith is entered in JR Motorsports’ No. 8 Chevrolet.

Hermie Sadler is entered in Ryan Sieg Racing’s No. 38 Chevrolet. It will be his first Xfinity start since this race in 2016.

Joe Graf Jr. is entered in Richard Childress Racing’s No. 21 Chevrolet.

There is no driver attached to Rick Ware Racing’s No. 17 Chevrolet.

Cole Custer won at Richmond in the spring over Austin Cindric and Justin Allgaier. Christopher Bell won this race last year over Ross Chastain and Daniel Hemric.

Click here for the entry list.

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