[loco4pablo]

With the announcement of Nationwide becoming the primary sponsor of what is now the Busch series and Geico insurance being forced out of the series what do you think will become of young up and comming developmental driver Warren Wallace? Will he take his Geico sponsorship to the truck series? Will he search for new sponsorship else where? Will he just be another talented, promissing driver lost in the system?

[oncea3fan]

I think it's lauren wallace, but either way is he a real kid racing or just a child actor.

and also I think what nascar did was wrong, they sold that team out, nationwide should have to pick that team up for atleast an extra 3 year deal.

[jks812]

Originally Posted by oncea3fan

I think it's lauren wallace, but either way is he a real kid racing or just a child actor.

and also I think what nascar did was wrong, they sold that team out, nationwide should have to pick that team up for atleast an extra 3 year deal.

I also think Nascar crapped on that team. If Alltell and Cingular was grandfathered in when Nextel took over cup, I think Geico should have been too. Well, didn't take long for me to get off topic.
Have to admit I'll miss seeing those commercials with that kid. I love them, especially the one " it all ends with me putting him in the wall".

[wardfan]

I'm pretty sure it's Warren Wallace and he is defenatly the only Geico commercial I can stand. Wish the hell he would put that stupid lizard in the wall

[Bob Tanner]

Originally Posted by oncea3fan

I think it's lauren wallace, but either way is he a real kid racing or just a child actor.

and also I think what nascar did was wrong, they sold that team out, nationwide should have to pick that team up for atleast an extra 3 year deal.

Want an over-simplified statistic which will really tighten your jaw, Once?

Try this one on for size and tell me how fair it sounds:

NA$CAR got Nationwide to sponsor the Cup Lite Series for $12 million per year, right?

Now IF NA$CAR gives all $12 million back to the teams (ha Ha Ha, figure THOSE odds!), it looks to me as though it might go something like this:

there are 43 cars in each Cup Lite race and they run 35 races per season.. this comes up to 1505 times Nationwide Series sponsor money will be doled out.

So, if you divide $12 million by 1505 you get $7973.42 extra dollars each team should get for each race. (I told you this was waay simplified!)

Now, assuming the same 43 cars run each race, $7973.42 times 43 (this is the share of the Nationwide deal that one team will get for an entire season) equals $342,857.06.

I would assume that, conservatively, GEICO gave Mike Wallace's team owner $10 million to put the irritating lizard on the car. So, the deal NASCAR made and its allowing Nationwide to dictate whether a competing insurance company could sponsor a Cup Lite car, will allow the team to give up a sincere $10 million in order to get #342,857 in prize money??!!

Such a deal! That's really looking out for the people who run each week, NA$CAR!

[LSC9901]

Since I pay little attention to the amounts of $$$ won by teams I would toss it back to you about being over simplified and ask for further info .... if available. You're saying that they would get an additional $7973.42 but I would ask if it is not doled out in a ratio that goes along with the finishing position ???

Does that make sense ??

[Bob Tanner]

Originally Posted by LSC9901

Since I pay little attention to the amounts of $$$ won by teams I would toss it back to you about being over simplified and ask for further info .... if available. You're saying that they would get an additional $7973.42 but I would ask if it is not doled out in a ratio that goes along with the finishing position ???

Does that make sense ??

Perfect sense. I was just giving a waay over-simplified example, for brevity's sake. No way would the numbers I gave actually be the bottom line.

[LSC9901]

Originally Posted by Bob Tanner

Perfect sense. I was just giving a waay over-simplified example, for brevity's sake. No way would the numbers I gave actually be the bottom line.

As I noted I do not follow the $$$ trail and I wasn't looking to make your info incorrect. I was and actually am a bit curious just how and where all the $$ comes from for the prize purse/fund.

The numbers are a bit above my comprehension.

[Bob Tanner]

Originally Posted by LSC9901

As I noted I do not follow the $$$ trail and I wasn't looking to make your info incorrect. I was and actually am a bit curious just how and where all the $$ comes from for the prize purse/fund.

The numbers are a bit above my comprehension.

Part of it comes from NASCAR profits (it's labeled "Cost of doing business") plus prize money kicked in from the Series sponsor and from the people who buy into becoming The Official [fill in blank] of NASCAR. A very minute amount come from the fines levied by NASCAR during the season for sin committed by the faithful.

[Phils20]

And I thought is was Lorne Wallace!!!

But it does suck to have them pushed out. But it seems they had few choices. It was almost a last minute deal, and they dropped the price, according to many sources.

I hate the deals that push out sponsors, but this case seems a bit different from the Cup deal.

[Bob Tanner]

Originally Posted by Phils20

And I thought is was Lorne Wallace!!!

But it does suck to have them pushed out. But it seems they had few choices. It was almost a last minute deal, and they dropped the price, according to many sources.

I hate the deals that push out sponsors, but this case seems a bit different from the Cup deal.

How so, Phil? NA$CAR gave Nationwide an exclusivity clause in the contract, just as they did NEXTEL. About the only difference I see is that Cingular brought the whole thing to light when they merged and switched logos. NA$CAR knew full well that Nationwide would freeze out GEICO at the end of the contract.

Of course, this is nothing new. RJR had an exclusivity agreement with NASCAR since the 70's That is why NASCAR was about the only professional venue that Marlboro wasn't prominent.

In my opinion, Nationwide didn't pony up enough money to be rewarded with an exclusivity agreement.

[Phils20]

Originally Posted by Bob Tanner

How so, Phil? NA$CAR gave Nationwide an exclusivity clause in the contract, just as they did NEXTEL. About the only difference I see is that Cingular brought the whole thing to light when they merged and switched logos. NA$CAR knew full well that Nationwide would freeze out GEICO at the end of the contract.

Of course, this is nothing new. RJR had an exclusivity agreement with NASCAR since the 70's That is why NASCAR was about the only professional venue that Marlboro wasn't prominent.

In my opinion, Nationwide didn't pony up enough money to be rewarded with an exclusivity agreement.

I think it is different in that they already set a precedent with the Nextel deal.

I just think they caved in when the end of the year was close. Or panicked. I think they were wrong to do it as well. They just panicked, and screwed another sponsor.

[wingkey1]

Originally Posted by LSC9901

As I noted I do not follow the $$$ trail and I wasn't looking to make your info incorrect. I was and actually am a bit curious just how and where all the $$ comes from for the prize purse/fund.

The numbers are a bit above my comprehension.

At much and many lower series/organization levels, near none / very little of the series sponsors money is/was ever targeted/budgeted for prize money. These funds (near most) are used to fund series/organizations operational budgets. One of our key elements (no surprise coming here) was Sales and Marketing, chartered to make money with/using operational $$. The series sponsors monies were but a fraction of the total operational budget of the organization. Fees for franchising, licensing, participant fees, gate takes, and on, and on, made up the majority of the required operational funds.

Appreciable amounts of the monies generated by Sales & Marketing were targeted for participant reward, however the preponderence of the prize money came from event sponsors (i.e. The Subway 500; Joe's Corner Garage and Laundromat, etc).

Were we to have performed the excercise that has put spurs to the discussion here, and further stretching the assumption line (even though it already appears about to break) to say all $12 of this series sponsors money was to go to Sales and Marketing, we might do the hypothetical - "that's $1 per participating team" - simply as a challenge to that department to ensure their efforts return greater than a simple direct distribution of the funds to the teams.

So, all of the above goes back to the simple previously stated - near none / very little of the series sponsors money is ever targeted/budgeted for prize money.

[bears9]

Originally Posted by oncea3fan

I think it's lauren wallace, but either way is he a real kid racing or just a child actor.

and also I think what nascar did was wrong, they sold that team out, nationwide should have to pick that team up for atleast an extra 3 year deal.

either way he is still good enough to Mike Wallace into the wall

[Team Yates]

Mike Wallace Racing:

Speakers on!!