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Topic: High Limit at Wayne County and no one talking about it.
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Page 4 of 4 of 61 replies
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September 24, 2022 at
09:45:50 AM
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Joined:
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11/07/2006
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5580
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Reply to:
Posted By: Screwball on September 23 2022 at 10:29:26 AM
As of 9/19/22, according to Sprint Car Rating (.com) Brent Marks has won $592,321 this season. He is the highest money maker over Donny Shatz at $383,965, David Gravel $337,565, and Sheldon H $336,325.
That's a lot of money, but considering an engine goes for around $60,000 (and you need a few of them over the course of a year) I'm guessing (not a big guess either) nobody is making any money. Every little bit helps no doubt, but this sport is very very expensive (crashes aren't cheap either). Given the current environment of inflationary pressures on our day to day lives I wonder how long the sport can keep up as we know it, given the rising costs to the teams and fans.
I can just hear one of the owners "We won $400 grand this year but spent $800 grand doing it."
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Are these numbers after the owner takes their cut of the purse? If that is the case drivers not near the top of the heap aren't netting much more than a regular working man's salary. They get a cut from the owner, file their own taxes and likely send the IRS quarterly estimates. I'm not sure if the WoO or any of the others offer any kind of group health but they're likely paying for a private policy.
No retirement, no 401k, no guarantees that they're going to keep the ride. Merch helps but it doesnt look like the most secure way to make a living. It's not as glamorous as it looks like from the stands on Saturday night. It's not unusual to see a guy on the podium on Saturday and run into them in work mode during the week.
Stan Meissner
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September 24, 2022 at
10:24:36 AM
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Joined:
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09/07/2019
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37
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Reply to:
Posted By: StanM on September 24 2022 at 09:45:50 AM
Are these numbers after the owner takes their cut of the purse? If that is the case drivers not near the top of the heap aren't netting much more than a regular working man's salary. They get a cut from the owner, file their own taxes and likely send the IRS quarterly estimates. I'm not sure if the WoO or any of the others offer any kind of group health but they're likely paying for a private policy.
No retirement, no 401k, no guarantees that they're going to keep the ride. Merch helps but it doesnt look like the most secure way to make a living. It's not as glamorous as it looks like from the stands on Saturday night. It's not unusual to see a guy on the podium on Saturday and run into them in work mode during the week.
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I assume, by looking at the website I got the information from (http://www.sprintcarratings.com/), the totals reflect only winnings. The slice between owner/driver is not given. Makes sense as many/most don't discuss the drivers cut, which is between the owner/driver.
I'm sure there are some here more closely meshed in the racing scene who would know for sure, but drivers salary's may not be the best way to make a living. Like you say, no retirement, no 401k (working on being a 301k), no guarantees.
I won't mention any names, but I know a retired well known driver familiar to anyone who follows the sport that is living on a very limitied income (guessing SS, but how does that work), and at one time lost his house and forced to live in his motorhome.
Other than the full time drivers, I imagine most have a real job.
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