Strange Engineering/NHRA dispute

FS Fan · 10-28-2014, 01:34 PM

For basic contingency posting NHRA charges roughly $7k. For added programs or posting more products there is an additional fee.

There was an added minimum payout that had to be met. Not sure if that still exists but if I recall correctly it was $17k. So if you posted contingency for $7k, and only paid out another $7k, you owed NHRA the difference of $10k. From a financial standpoint I could see them wanting your racers to NOT win, realistically I think there wasn't any real motivation one way or the other.

I like a percentage plan. Every manufacturer puts up a specified amount up front, when a claim gets paid NHRA pays the racer, takes 15% for administration, and gives the company back whatever is left at the end of season. You could pay racers right at the track. And the only way they make money (other than interest from sitting on the upfront cash) is to encourage people to run your products and win.

I would even be ok if any minimum wasn't met the leftover money goes toward National Dragster ads for the product. Why not deliver somethign of value to help marketing? An ad costs them very little but has a high perceieved value.

of course I also think there should be a parts submission fee for reviewing a product and if approved that money goes toward ads on NHRA.com or National Dragster. To me things like head studs should have been legal in Stock long ago, why not put together a plan for someone like ARP to launch the product in the Stock ranks that involves a submission, review and ad plan?

If you took the copntingnency money and pooled it, that could be someones full time job and sponsors could get more out of it. As could racers.

10-28-2014, 01:34 PM	#21
FS Fan Junior Member Join Date: Apr 2014 Posts: 34 Likes: 0 Liked 1 Time in 1 Post	Re: Strange Engineering/NHRA dispute For basic contingency posting NHRA charges roughly $7k. For added programs or posting more products there is an additional fee. There was an added minimum payout that had to be met. Not sure if that still exists but if I recall correctly it was $17k. So if you posted contingency for $7k, and only paid out another $7k, you owed NHRA the difference of $10k. From a financial standpoint I could see them wanting your racers to NOT win, realistically I think there wasn't any real motivation one way or the other. I like a percentage plan. Every manufacturer puts up a specified amount up front, when a claim gets paid NHRA pays the racer, takes 15% for administration, and gives the company back whatever is left at the end of season. You could pay racers right at the track. And the only way they make money (other than interest from sitting on the upfront cash) is to encourage people to run your products and win. I would even be ok if any minimum wasn't met the leftover money goes toward National Dragster ads for the product. Why not deliver somethign of value to help marketing? An ad costs them very little but has a high perceieved value. of course I also think there should be a parts submission fee for reviewing a product and if approved that money goes toward ads on NHRA.com or National Dragster. To me things like head studs should have been legal in Stock long ago, why not put together a plan for someone like ARP to launch the product in the Stock ranks that involves a submission, review and ad plan? If you took the copntingnency money and pooled it, that could be someones full time job and sponsors could get more out of it. As could racers.