Speedway Motorsports, LLC announced Wednesday that it has laid off 180 employees across all of its facilities and subsidiaries and furloughed another 100 employees due to the ongoing COVID-19 crisis.
Those facilities include Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway and Texas Motor Speedway.
Speedway Motorsports also has subsidiaries that include SMI Properties (souvenir merchandising services), U.S. Legend Cars International and the syndicated Performance Racing Network, which broadcasts races and shows.
Here is a statement issued by the company:
“The extraordinary circumstances presented by this pandemic and the subsequent shutdown of the economy have had a significant impact on our business.
“Since the beginning of the shutdown four weeks ago, we have kept our entire team on full pay while our properties remained dormant. In that time, it has become clear that we must be a more nimble, more efficient organization.
“As such, we have made the difficult decision to restructure our business and eliminate many duplicate positions. Unfortunately, part of this restructuring includes eliminating approximately 180 positions across all departments at our speedways and subsidiaries.
“Approximately 100 additional employees have been furloughed. These decisions were not easy. Our company is providing a severance package to each person affected by job eliminations.
“Speedway Motorsports remains committed to providing the very best entertainment experience to all who come through our gates when America’s fight against this pandemic is behind us. This reorganization positions us to move forward at that time and well into the future. In the meantime, our staff will continue to maintain our facilities in preparation for the event days ahead and support our community with outreach efforts during this time of need.”
The company did not specify how many employees are affected at each track or subsidiary, but the job layoffs (not including furloughs) account for 15 percent of all Speedway Motorsports’ overall staff.
Kyle Busch Motorsports announced Wednesday the five Craftsman Truck Series team owner Kyle Busch will race this season.
Busch’s Truck races will be:
March 3 at Las Vegas
March 25 at Circuit of the Americas
April 14 at Martinsville
May 6 at Kansas
July 22 at Pocono
Busch is the winningest Truck Series driver with 62 career victories. He has won at least one series race in each of the last 10 seasons. He has won 37.6% of the Truck races he’s entered and placed either first or second in 56.7% of his 165 career series starts.
Zariz Transport, which specializes in transporting containers from ports, signed a multi-year deal to be the primary sponsor on Busch’s No. 51 truck for all of his series races, starting this season. The company will be an associate sponsor on the truck in the remaining 18 series races.
Snider’s first race with the team will be the Feb. 18 season opener at Daytona. He also will race at Portland (June 3), Charlotte Roval (Oct. 7), Las Vegas (Oct. 14), Martinsville (Oct. 28) and the season finale at Phoenix (Nov. 4).
The deal returns Snider to JGR. He worked in various departments there from 2011-15.
“We’re looking forward to have Myatt on our No. 19 team for six races,” said Steve DeSouza, executive vice president of Xfinity and development. “Building out the driver lineup for this car is an opportunity for JGR to help drivers continue to develop in their racing career, and we’re looking forward to seeing how Myatt continues to grow.”
Said Snider in a statement from the team: “With six races on our 2023 schedule, I’m looking forward to climbing into the No. 19 TreeTop Toyota GR Supra with Joe Gibbs Racing this year. Having worked with JGR as a high schooler and a young racer, it’s an awesome full circle moment to return as a driver to the team that taught me so much about racing itself.
“It’s good to be reunited with (crew chief) Jason Ratcliff as we have an awesome history working together. With many memories and wins from 2013 and 2014 when I worked on the No. 20 Toyota Camry under Jason’s leadership, the team has always been more of a family relationship to me. I’m glad to be returning to the JGR family and looking forward to continuing to learn and grow as a driver.”
Daytona will be Snider’s 100th career Xfinity start. He has one series win and 21 top 10s. He was the rookie of the year in the Craftsman Truck Series in 2018.
Tree Top will be Snider’s sponsor for his six races with Joe Gibbs Racing.
Also in the Xfinity Series, Gray Gaulding, who will run full season with SS Green Light Racing, announced that he’ll have sponsor Panini America for multiple races, including the Daytona opener. Emerling-Gase Motorsports announced that Natalie Decker will run a part-time schedule in both the ARCA Menards Series and Xfinity Series for the team.
Clearly, just getting a spot on the 500 starting grid won’t be easy.
“I love a challenge,” Pastrana told NBC Sports. “I’ve wanted to be a part of the Great American Race since I started watching it on TV as a kid. Most drivers and athletes, when they get to the top of a sport, don’t take a chance to try something else. I like to push myself. If I feel I’m the favorite in something, I lose a little interest and focus. Yes, I’m in way over my head, but I believe I can do it safely. At the end of the day, my most fun time is when I’m battling and battling with the best.”
Although Pastrana, 39, hasn’t raced in the Cup Series, he’s not a stranger to NASCAR. He has run 42 Xfinity races, driving the full series for Roush Fenway Racing in 2013 (winning a pole and scoring four top-10 finishes), and five Craftsman Truck races.
“All those are awesome memories,” Pastrana said. “In my first race at Richmond (in 2012), Denny Hamlin really helped me out. I pulled on the track in practice, and he waited for me to get up to speed. He basically ruined his practice helping me get up to speed. Joey Logano jumped in my car at New Hampshire and did a couple of laps and changed the car, and I went from 28th to 13th the next lap. I had so many people who really reached out and helped me get the experience I needed.”
Pastrana was fast, but he had issues adapting to the NASCAR experience and the rhythm of races.
“It was extremely difficult for me not growing up in NASCAR,” he said. “I come from motocross, where there’s a shorter duration. It’s everything or nothing. You make time by taking chances. In pavement racing, it’s about rear-wheel drive. You can’t carry your car. In NASCAR it’s not about taking chances. It’s about homework. It’s about team. It’s about understanding where you can go fast and be spot on your mark for three hours straight.”
Pastrana said he didn’t venture into NASCAR with the idea of transferring his skills to stock car racing full time.
“It was all about me trying to get to the Daytona 500,” he said. “Then I looked around, when I was in the K&N Series, and saw kids like Chase Elliott and Kyle Larson. They were teenagers, and they already were as good or better than me.”
Now he hopes to be in the mix with Elliott, Larson and the rest of the field when the green flag falls on the 500.
He will get in some bonus laps driving for Niece Motorsports in the Craftsman Truck Series race at Daytona.
“For the first time, my main goal, other than qualifying for the 500, isn’t about winning,” Pastrana said. “We’ll take a win, of course, but my main goal is to finish on the lead lap and not cause any issues. I know we’ll have a strong car from 23XI, so the only way I can mess this up is to be the cause of a crash.
“I’d just love to go out and be a part of the Great American Race.”
Reigning Craftsman Truck Series champion Zane Smith, who seeks to qualify for the Daytona 500, will do six additional Cup races for Front Row Motorsports this season, the team announced Tuesday. Centene Corporation’s brands will sponsor Smith.
The 23-year-old Smith will drive the No. 36 car in his attempt to make the Daytona 500 for Front Row Motorsports. That car does not have a charter. Chris Lawson will be the crew chief.
Smith’s remaining six Cup races will be in the No. 38 car for Front Row Motorsports, which has a charter. Todd Gilliland will drive the remaining 30 points races and All-Star Open in that car. Ryan Bergenty will be the crew chief for both drivers this year.
Smith’s races in the No. 38 car will be Phoenix (March 12), Talladega (April 23), Coca-Cola 600 (May 28), Sonoma (June 11), Texas (Sept. 24) and the Charlotte Roval (Oct. 8).
He also will run the full Truck season.
Centene’s Wellcare, which offers a range of Medicare Advantage and Medicare Prescription Drug Plans will be Smith’s sponsor for the Daytona 500, Phoenix, Talladega and Sonoma. Centene’s Ambetter, a provider of health insurance offerings on the Health Insurance Marketplace, will be Smith’s sponsor at Texas and the Charlotte Roval.
Smith’s sponsor for the Coca-Cola 600 will be Boot Barn.
The mix of tracks is something Smith said he is looking forward to this season.
“I wanted to run Phoenix just because the trucks only go to Phoenix once and it’s the biggest race of the year,” Smith told NBC Sports. “I wanted to get as much time and laps as I can at Phoenix even though it’s in a completely different car. I wanted to run road courses, as well, just because I felt road course racing suits me.”
Smith also will be back in the Truck Series. Ambetter Health will be the primary sponsor of Smith’s Truck at Homestead (Oct. 21). The partnership with Centene includes full season associate sponsorship of Smith’s Truck and full season associate sponsorship on the No. 38 Cup car.
Smith’s connection to Centene Corporation, a St. Louis-based company, goes back to last June’s Cup race at World Wide Technology Raceway near St. Louis. Smith made his Cup debut that weekend, filling in for Chris Buescher, who was out with COVID-19. Smith finished 17th.
“It’s cool to see how into the sport they are,” Smith said of Centene Corporation. “It started out with an appearance I did for them (at World Wide Technology Raceway). I’ve gotten to know that group pretty well.”
Centene also is the healthcare partner of Speedway Motorsports and sponsors a Cup race at Atlanta and Xfinity race at New Hampshire.
Smith’s opportunity to run select Cup races, including major events as the Daytona 500 and Coca-Cola 600, is part of the fast trajectory he’s made.
In 2019, he made only 10 Xfinity starts with JR Motorsports and didn’t start racing full-time in NASCAR until the 2020 season. Since then, he’s won a Truck title, finished second two other times and scored seven Truck victories.
“I feel like I’ve lived about probably three lifetimes in these four years just with getting that part-time Xfinity schedule and running well and getting my name out there,” Smith said.
He was provided an extra Xfinity race at Phoenix in 2019 with JRM and that proved significant to his future.
“That happened to be probably one of my best runs,” he said of his fifth-place finish that day. “We ran top four, top five all day and (team owner) Maury Gallagher happened to be there. He watched that.”
He signed with Gallagher’s GMS Racing Truck truck.
“It was supposed to be a part-time Truck schedule and (then) I won at Michigan and it was like, ‘Oh man, we’re in the playoffs, we should probably be full-time racing.’ I won another one a couple of weeks later at Dover.”
His success led to second season with the team and he again finished second in the championship. That led to the drive to a title last year.
The championship trophy sits in his home office and serves as motivation every day.
“First thing you see is when you come through my front door is pretty much the trophy,” Smith said. “It drives me crazy now thinking I could have two more to go with it and how close I was. … Really just that much more hungrier to go capture more.”