Friday 5: Furniture Row Racing’s demise is a fate others know too well

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SPEEDWAY, Ind. — The names have changed but the stories haven’t when it comes to the tale of Furniture Row Racing and all the teams before it that faded away.

The concern about costs, the dependence on sponsorship and the volatility of it all is not something that is new to NASCAR (or even motorsports). That those issues contributed to Furniture Row Racing announcing this week that it would cease operations after this season only added that team to a long list. That Furniture Row Racing won the Cup championship last year only makes the story more powerful.

But not unique.

Go back in time and look at what other car owners were saying and how their concerns were repeated.

In 1999, Ricky Rudd closed his race shop and sold his cars and equipment at auction because he was unable to find a sponsor to continue a team that had won six races in six seasons, including the 1997 Brickyard 400.

Rudd told motorsport.com the day of the auction: “I’ll probably get a little sad when I see those race cars loaded up on trucks and rolled away. That’ll bother me a little. The hardest day was the day before I signed with (Robert) Yates. I walked into the shop and told the guys that the sponsorship deal wasn’t working out, and that I was sorry but I was gonna do something else next year.”

In 2007, Ginn Racing and Dale Earnhardt Inc. merged during the season because Ginn needed help after it was unable to find funding for two of its three cars. Car owner Bobby Ginn explained to The Associated Press that had he not merged: “We would have had to continue to cut costs, and that is disgraceful to me. I am proud of the merger. I would not have been proud of putting a car out there that couldn’t compete.”

Ginn went on to say: “Even if the sponsors had come in, we probably would be talking about something like this anyway. This is just going to be the way teams operate going forward, and we needed to be invited to the party before it was too late.”

In 2009, Bill Davis Racing — a team that won the 2002 Daytona 500 with Ward Burton — was sold after what The Associated Press described as a “fruitless search for sponsorship.”

In 2013, car owner James Finch sold Phoenix Racing to HScott Racing. Finch told NASCAR.com at the time: “I’ll come to races and all. I just wasn’t going to go broke doing it. Sponsorships are really tough to come by and stuff like that.” HScott Racing announced in December 2016 that it would not field a team, citing lack of sponsorship as a reason.

In 2015, Michael Waltrip Racing announced it would cease operations after the season. Clint Bowyer was a playoff team for that organization that year.

The organization was a three-car team in 2013 but then lost sponsor NAPA after the season in response to the Richmond scandal that year when NASCAR penalized MWR for team orders in the final regular-season race of the year and removed Truex from the playoffs.

Last month, a bankruptcy judge approved the sale of BK Racing to Front Row Motorsports. Court documents showed that BK Racing, which struggled to find sponsorship, lost $29.5 million from 2014-16. The team also owed a bank more than $9 million in unpaid loans and the IRS more than $2.5 million.

“It’s a tough business,” Devine said in February at Daytona when asked why he never aligned with another team to help defray costs. “I think it’s an expensive learning curve. I also think … you’ve got to decide where you are taking the company and I took it down a very independent route, which probably wasn’t the smartest (thing).”

Just in recent years, the sport has seen Richard Childress Racing contract from three to two teams and Roush Fenway Racing, which had five full-time teams in 2009 downsize to four teams in 2010, three teams in 2012 and two teams in 2017.

Furniture Row Racing cut from two teams to one this season and then suffered a fatal blow when 5-hour Energy announced in July it would not remain in the sport after this year. It is to serve as a co-primary sponsor for 30 races this year. Forget that the 2019 Daytona 500 is 164 days away, the need to have sponsorship secured for next year had already passed for Furniture Row Racing.

Although their lifespan may be recalled more often by fans, its demise falls in line with what has happened to many teams through the years.

2. Similar refrain

This is becoming too familiar for Martin Truex Jr.

For the second time in his career, an organization shut down with him as a driver. Two other times, an organization Truex drove for merged to remain in the sport.

In 2007, Truex was with Dale Earnhardt Inc. when it merged with Ginn Racing, creating a four-car operation. Then that organization later merged with Chip Ganassi Racing.

Truex then left for Michael Waltrip Racing only to see his ride disappear after the 2013 season when NAPA left the team. The fallout was from the Richmond team orders scandal NASCAR penalized MWR. Now, Truex will be heading elsewhere after Furniture Row Racing closes shop after this season.

3. What’s next?

One of the things to watch for with Furniture Row Racing is who buys its charter.

The value of a charter, just like anything, is based on what someone is willing to pay. If there’s only one interested party, the price won’t be as high. If there are more, that can raise the price.

Don’t take what the BK Racing charter (and team) sold for in bankruptcy court last month as an indicator. The team, including the charter, sold for $2 million last month. After a minimum price was set for the charter and team, there was only one bid, leading to a sale that many in the court called disappointing.

One thing that should make Furniture Row’s charter is its recent performance. There’s a historical element to charters that have weighted payments based on the performance of the team that held that charter. With Furniture Row Racing’s championship last year, this charter will have a larger payment to the next owner.

4. Unique attraction

The NASCAR weekend at Indianapolis Motor Speedway began with a USAC National Midget race on Thursday night.

A quarter-mile dirt track was built inside Turn 3 and more than 100 USAC midgets entered the event.

Holding races leading up to a NASCAR weekend is not a new thing but showing this dirt track series is. With a push toward grassroots racing, such options could be good tie-ins with race weekends — as long as fans show up. If fans don’t attend, they won’t happen.

The grandstand was full for the midget race, which was won by Brady Bacon and saw Christopher Bell finish fifth and Ricky Stenhouse Jr. place 11th.

Many fans were already looking forward to this event returning next year.

5. Special promotion

You might have missed it but Pocono Raceway announced this week that children 12 and under will receive free gate admission while accompanied by an adult to its two Cup races and its IndyCar race in 2019.

Children 12 and under already could attend NASCAR Camping World Truck Series and Xfinity races for free but this is a step up for the sport.

It provides another avenue to reach out to a younger generation with the hope that those in that group become life-long NASCAR fans.

Admittedly, it’s not something that can be done everywhere. Watkins Glen sold out its grandstands again this year. Darlington Raceway did not announce a sellout for last weekend’s Southern 500 but the stands were close to capacity.

At other tracks where there are open seats, it might be something to consider in the future even if only on a year-to-year basis.

Could be the start of something for Cup races.

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Austin Hill wins Truck Series opener at Daytona in overtime finish

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Austin Hill won Friday’s Gander Outdoors Truck Series season opener at Daytona in an overtime finish, claiming his first career Truck Series win.

The win comes in Hill’s 52nd series start and his first with Hattori Racing Enterprises. Hill, a former member of the NASCAR Next driver program, took over for defending champion Brett Moffitt in the No. 16 Toyota.

Hill, 24, beat Grant Enfinger, Ross Chastain, Spencer Boyd and Matt Crafton in the second attempt at an overtime finish.

Hill, who is from Winston, Georgia, led 39 laps and survived a race that saw 11 cautions and 26 of 32 trucks involved in accidents.

“Man, this truck was fast,” Hill told Fox Sports 1. “I knew we had a truck that could compete. Got a little scared there at the end. I thought (Enfinger) was going to get me, he got a big run. We were able to protect it. I can’t believe my first win came at Daytona. It’s so surreal, I can’t wait to party with these guys.”

Hill’s win is the third in a row for Hattori after Moffitt won the last two races of 2018.

The overtime period was created by a wreck with two laps left in the scheduled 100-lap distance that involved 10 trucks and nearly every remaining frontrunner. The final restart was setup by a two-car incident on the first overtime attempt.

Only nine of the field’s 32 trucks took the final green flag.

“It was a crazy night … carnage everywhere,” Enfinger said. “We tore up a lot of crap tonight.”

STAGE 1 WINNER: Sheldon Creed

STAGE 2 WINNER: Johnny Sauter

Click here for the race results.

Click here for the point standings.

NOTABLE: Billy Rock, the jackman on the No. 28 of Bryan Dauzat, was awake and alert after he was hit on pit road early in the race by Dauzat, who had lost his brakes. Rock was transported to a local hospital … Angela Ruch, the niece of Derrike Cope, placed eighth in NEMCO Motorsports No. 8 truck. She is just the second woman to earn a top 10 in the Truck Series. Jennifer Jo Cobb placed sixth at Daytona in 2011.

NEXT: Active Pest Control 200 at Atlanta Motor Speedway at 4:30 p.m. ET on Feb. 23 on Fox Sports 1

Christian Eckes wins Truck Series pole at Daytona

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Christian Eckes won the pole for tonight’s Gander Outdoors Truck Series season opener at Daytona.

Driving the No. 51 Toyota for Kyle Busch Motorsports, Eckes posted a top speed of 182.604 mph.

It is the first career pole for 18-year-old Eckes in his fifth career start.

“I felt way more confident in our car in the draft yesterday,” Eckes told Fox Sports 1. “I really wasn’t sure where we would qualify but here we are on the pole.”

He will be joined on the front row by David Gilliland (182.556 mph).

The top five is completed by Todd Gilliland (181.686), Harrison Burton (181.357) and Grant Enfinger (181.349).

Burton will start from the rear after an engine change was made on his No. 18 Toyota on Thursday.

The race is scheduled to begin at 7:30 p.m. ET on Fox Sports 1.

Click here for the starting lineup.

Meet the ‘Gen 7 for NASCAR’ that could include shorter races and capped costs

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DAYTONA BEACH, Fla. — Are shorter races better? That’s a discussion taking place in NASCAR, along with the length of the season and other key topics.

“We have to keep (fans) engaged,” car owner Jack Roush said Friday at Daytona International Speedway. “We have to think about their attention spans. The races may need to get shorter.  That could be cost savings all the way around. Probably need to get shorter. 

“People say we need to race fewer times. I’m not sure that’s true. I used to tell (NASCAR Vice Chairman) Mike Helton, if he had three or four races a week, I’d be there for him. I don’t know if I’d say that today.”

Already this week, Kevin Harvick has advocated eliminating the Clash, and Denny Hamlin has noted one of the most popular events in the Olympics is the 100-meter dash instead of the marathon, a hint to shorter races

These comments have been made as the sport looks to cut costs for teams and energize fans who can become weary over a 38-race season that goes from February to November. NASCAR President Steve Phelps said last year that various ideas would be considered for the 2020 schedule and beyond. 

Car owner Roger Penske, whose organization is coming off Joey Logano’s Cup championship season, likens the sport’s look at race lengths to its focus on the next car, which is targeted to debut in 2021.

“I think we’re really talking about Gen 7 for NASCAR,” Penske said, using the term for the next car. “It’s not just the car or the engine. I think it’s the show, it’s the length of the races, it’s where we’re going to run, are we going to run more at night, short tracks. Let’s call it Gen 7 for NASCAR, not just the car.”

A shorter season could limit how many weekends NASCAR goes head-to-head against the NFL in the fall. Shorter races could provide the opportunity for midweek races. The belief from those advocating shorter races is that it would create a better show for fans.

“I think it’s an exciting time for us really in the sport,” car owner Joe Gibbs said. “You know, there’s times that you struggle, and I think we have struggled some, but I honestly think (NASCAR Chairman) Jim France is on board and after it.  I think we, having constant meetings with everybody has kind of put everything on the table. 

“We’ve got a great fan base, but I think everything is really out there, scheduling, everything that you’re talking about, cost savings, everything is on the table. And so sometimes when you go through a tough time, those wind up being the best times because it causes you to really think your way through things.”

Just as important to teams are the costs, which NASCAR continues to look to cut. There’s also been talk of some type of spending limitation for teams.

“You’re going to see other things happen with the cars, engine packages, that’s going to reduce the cost,” car owner Rick Hendrick said. “So NASCAR is really on it. When you look at it, we talk about a spending cap. I don’t know how you regulate that with all we have going on. I mean, everything is on the table.”

Bob Jenkins, car owner for Front Row Motorsports, said cost containment can make an impact for his three-car organization.

“The ultimate goal has always got to be how can we do more with less with any team,” he said. “I think some of the larger teams have felt the financial pinch maybe more so than we have. When you’re in a constant evolution mode, it’s hard for us to keep up. We can make suspension changes a few times a year. Like Roger said, we can’t change cars every week.

“In previous years, we were always a generation or two behind and it shows on our performance. I think now when they come with these common parts that are produced by a third-party manufacturer that can’t be tweaked or re-engineered it only helps a team like us.”

Menard, McMurray, Stenhouse fastest in second Cup practice at Daytona

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Paul Menard (200.758 mph) was fastest in Friday’s second Cup practice session at Daytona International Speedway.

Jamie McMurray in his Chevrolet Camaro was second-fastest (200.696 mph) and the only driver not in a Ford in the first 13 positions.

Ricky Stenhouse Jr. (200.664) was third-fastest, followed by Ryan Newman (200.638) and Clint Bowyer (200.588).

Sixth through 10th were Aric Almirola (200.571), Daniel Suarez (200.535), defending Cup champion Joey Logano (200.450), Ryan Blaney (200.428) and Brad Keselowski (200.428).

Only 29 of the 40 cars entered in Sunday’s Daytona 500 took part in the second practice. There is one final practice scheduled for Saturday.

Click here for the full second practice speed chart.

In the first practice session earlier in the afternoon, Kyle Busch led a Joe Gibbs Racing juggernaut.

Busch paced the 40-car field with a top speed of 200.285 mph, followed by JGR teammates Martin Truex Jr. (200.200) in second, Erik Jones in fourth (200.156) and Denny Hamlin was seventh-fastest (200.044). Ryan Preece was third-fastest in a Chevrolet at 200.169 mph, while Ryan Newman rounded out the top five at 200.093 mph.

Click here for the full first practice speed chart.

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