Quote:
Originally Posted by A56
Im not sure everyone understands totally that NHRA dosent get all sorts of money from the Manufacturers. NHRA does get a fee up front to become a NHRA Contingency sponser. This fee is kind of high, but in honesty its reasonable for a buisness. Then the Contingency sponser has to pay out X amount of dollars to the racers throught the whole year. If this money is not all spent, the contingency sponser has to write a check to NHRA for the amount not spent at the end of the year. Now if you are a large company like Crane, its more than likely that you will pay the racers way more than the agreed amount. If this is true, you will not be writing a check to NHRA at the end of the year.
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I just want to make sure everybody sees this again. Although I heard the sponsors have to pay the minimum posting up front and receive a refund after the minimum is paid out. Maybe it works differently on the divisional level though.
From what I've heard almost all, if not all, of the current sponsors met the minimum posting requirement. So NHRA hardly got any of the unclaimed money.
I don't know how many times I've heard people on here and at the track say "NHRA keeps ALL unclaimed postings." Or "They have to pay it all to NHRA anyway, so why not just give it to us instead." Well, as you can see that's not true.
I think it's pretty simple. If you don't think you can pay out the minimum amount, why become a sponsor in the first place?
-Toby