SILLY SEASON 2018

kymartin6 said:
Especially since they paid nothing for them.........;)
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I don't know about free.

Kauffman would not reveal the price of his charters beyond offering a ballpark number in the seven-figure range. But Haas acknowledged it was not a flat fee.
Haas told Motorsport.com that Kauffman received an initial six-figure down payment with installments to be based on fair market value.

“We don’t exactly know what it’s going to be but it’s all in the contract, all agreed on,” Haas said. “Look, we didn’t want to pay too much because we don’t know what these things are worth. And he wanted to make sure that he didn’t get short-changed by selling too cheaply.

“But that’s what you have a contract for.”
https://www.motorsport.com/nascar-c...print-cup-charter-gene-haas-weighs-in-674635/
 
As I have stated before, the REAL value in a race team is in the drivers, key employees and sponsors you have under contract. Unless a new owner is guaranteed to be able continue all of that, the value of the race team is very little. Just for a little history lesson, remember back to 1981 when JD Stacy paid Rod Osterlund a boatload of money (for the time) for the defending Grand National championship team of Dale Earnhardt and Wrangler? Three months later, he didn't have Dale or Wrangler, and all he had was some cars and equipment worth a fraction of what he paid for the team. The value of most major sports franchises are affected very little by the people they currently have under contract. The Patriots are not going to lose a major percentage of their value the day Tom Brady hangs up his cleats. The charter may be a nice way to recoup SOME investment for your race team, but I don't see a scenario where it will EVER approach even 25% of the money invested in a modestly successful race team.
 
JD Stacy was a fraud and a criminal, in addition to being a flake. It's a wonder Harry Hyde didn't put a bullet between his eyes.
 
StandOnIt said:
I don't know about free.

Kauffman would not reveal the price of his charters beyond offering a ballpark number in the seven-figure range. But Haas acknowledged it was not a flat fee.
Haas told Motorsport.com that Kauffman received an initial six-figure down payment with installments to be based on fair market value.

“We don’t exactly know what it’s going to be but it’s all in the contract, all agreed on,” Haas said. “Look, we didn’t want to pay too much because we don’t know what these things are worth. And he wanted to make sure that he didn’t get short-changed by selling too cheaply.

“But that’s what you have a contract for.”
https://www.motorsport.com/nascar-c...print-cup-charter-gene-haas-weighs-in-674635/
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That article encompassed Kaufman selling his....... not what the originals cost........ which was ....... zero........
 
StandOnIt said:
I don't know about free.

Kauffman would not reveal the price of his charters beyond offering a ballpark number in the seven-figure range. But Haas acknowledged it was not a flat fee.
Haas told Motorsport.com that Kauffman received an initial six-figure down payment with installments to be based on fair market value.

“We don’t exactly know what it’s going to be but it’s all in the contract, all agreed on,” Haas said. “Look, we didn’t want to pay too much because we don’t know what these things are worth. And he wanted to make sure that he didn’t get short-changed by selling too cheaply.

“But that’s what you have a contract for.”
https://www.motorsport.com/nascar-c...print-cup-charter-gene-haas-weighs-in-674635/
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All of that is about the two Michael Waltrip charters sold to Haas and Gibbs for their 4th cars. They had already been granted 3 each for their existing teams, each of which had run all the races the previous season ... the primary requirement for the granting of said charters.

Waltrip / Kaufman had two for the same reason. Note use of the word granted. The original 36 came at no cost to their holders. Tommy Baldwin loves him some RTA.
 
Snappy D said:
I’d like to ask a question because I’m not well educated in charters, but you say it helps owners which I get, but what happens when an owner say like Richard Childress wants to sell the 27 charter (or the 27 team) but there’s no owner to sell to does NASCAR buy it from RC and in a sense cashes him out, then NASCAR keeps it to sell to an owner coming in? And what if there all these charters left over but no owner to sell too?
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For all intents and purposes the charters have no real value as there is no demand for them. In fact there will likely be more charters than cars on the grid next year or the year after.

aunty dive said:
It's matter of scale.

The charters are not two years old yet. I'd like to b holding one.
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I am sure that isn't all.
 
Skoalbandit33 said:
For all intents and purposes the charters have no real value as there is no demand for them. In fact there will likely be more charters than cars on the grid next year or the year after.
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You're flailing now.

Penske is starting a third team ... lease or buy?

Wood Bros are leasing in 2017 ... 1 year only. Will they lease from someone else for another year or buy?

The real value of anything is what a buyer is willing to pay today.
 
aunty dive said:
You're flailing now.

Penske is starting a third team ... lease or buy?

Wood Bros are leasing in 2017 ... 1 year only. Will they lease from someone else for another year or buy?

The real value of anything is what a buyer is willing to pay today.
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The charters are worth more than all of the ocean front property in AZ combined so there is that.
 
darlingtonfan said:
Brian France was talking about "drastic changes" to reduce cost for teams today.What the he77 is he coming up with next?
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Whatever it is, expect it to:

1) Be convoluted and make no sense

2) Result in unintended consequences that won't be beneficial to the sport

3) Won't solve the original problem remotely
 
Boggity x3 Amen said:
@Allenbaba Any chance RFR would start back up a 3rd team for Patrick?
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Just jumping in on this forum and happened to spot this, but I read someone on reddit mention hearing from their own "insider" that FRM and RFR may be doing something with the 38 together and potentially RFR taking over that team. RFR and FRM both have an open charter so I wonder what kind of dollars would have to come up for RFR to consider it? Might be something worth doing to warm up a seat for Reed to move into in a year or two.
 
FLRacingFan said:
Still whinging about Smithfield. RPM will be back and better than ever. :rolleyes:

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They don't need to be focused like a laser in signing any driver they just need to grab a Bic pen and have him sign the contract.......:D
 
Kiante said:
I would be upset as well, it sucks to lose a sponsor as substantial to the team than Smithfield in RPM's case.
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It does suck, but I don't see how the tone they are taking will do them any favors in signing a new sponsor. In my opinion, you mention the issue once and get your side of the story out, and then you shut up and move on.
 
Regarding Smithfield and RPM... There was a lot of finger-pointing a little while ago, but did the actual story ever come out?

Aric said he was informed several weeks before the Smithfield announcement, that he would not be returning as driver. So that decision had already been made, while Smithfield was still in limbo. Or Petty thought they were coming back, or whatever was going on.
 
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Any word yet on a replacement primary sponsor for the 42? o_O
 
Candace66 said:
Regarding Smithfield and RPM... There was a lot of finger-pointing a little while ago, but did the actual story ever come out?

Aric said he was informed several weeks before the Smithfield announcement, that he would not be returning as driver. So that decision had already been made, while Smithfield was still in limbo. Or Petty thought they were coming back, or whatever was going on.
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To me almost seemed like rpm tried to pull a bait and switch to smithfield with letting aric go and signing bubba.
 
2 Sweet said:
No, they probably want him because he's a good driver, very likeable, and has a bright future in this sport. He ran well in that car when he got a chance, and deserves a decent Cup ride.
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Not to mention that he seems to be visibly involved in the sponsor search. Maybe there will be news from Dominos Pizza soon.
 
mskid90 said:
Just jumping in on this forum and happened to spot this, but I read someone on reddit mention hearing from their own "insider" that FRM and RFR may be doing something with the 38 together and potentially RFR taking over that team. RFR and FRM both have an open charter so I wonder what kind of dollars would have to come up for RFR to consider it? Might be something worth doing to warm up a seat for Reed to move into in a year or two.
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DP would prob only race for another year or 2 anyway. I wonder if that would be considered a "top team" for her.
 
DanicaFreak said:
DP would prob only race for another year or 2 anyway. I wonder if that would be considered a "top team" for her.
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I think Ricky's carried the organization even with a lot less experience than the true veterans (especially in comparison to Kenseth, Edwards, Biffle) and they seem to have their pieces in the right places now. I'm not sure if she and Ricky would want to be at the same team, but given their relationship started with them helping one another and them still debriefing after every race/practice, having that type of communication between two teammates could be huge. Trevor just doesn't seem to be the contributor to the organization like Ricky has been. Danica races around Trevor and has been side by side with Ricky on many occasions. Being on equal footing may be better for her than having champion teammates.

My primary reason for giving it even a second of attention again was because of how much Ford seems to like her and her initial connection with the Yates group. Also, Steve Newmark was on Sirius the other day and they asked him if they were still set on two cup teams with Ricky and Trevor and Reed in xfinity like he had told them in spring. He corrected them and said that he said then his best guess would be that they would have the two cup teams and xfinity program, and that seems to be the case, but that it's a fluid situation and they can always crop up. They know they'll have Ricky, Trevor and Reed. He said things can happen at the last minute though such as when Elliott Sadler called them in early November and they had a program ready for him to race in February.
 
mskid90 said:
Just jumping in on this forum and happened to spot this, but I read someone on reddit mention hearing from their own "insider" that FRM and RFR may be doing something with the 38 together and potentially RFR taking over that team. RFR and FRM both have an open charter so I wonder what kind of dollars would have to come up for RFR to consider it? Might be something worth doing to warm up a seat for Reed to move into in a year or two.
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Actually I’m hearing FRM could be shaking some things up - but it has nothing to do with RFR.
 
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