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	<title>RacingWin &#187; NASCAR pay cut</title>
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		<title>A NASCAR Pay Cut</title>
		<link>http://racingwin.com/a-nascar-pay-cut/</link>
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		<pubDate>Sat, 30 Jan 2010 02:27:47 +0000</pubDate>
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				<category><![CDATA[NASCAR]]></category>
		<category><![CDATA[NASCAR pay cut]]></category>

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		<description><![CDATA[Kyle Busch is Getting a Pay Cut By Buck Black Jr But so are Jimmie Johnson and Dale Earnhardt Jr. All drivers will have a pay cut in 2010. NASCAR is slashing the amount it will pay race teams by about 10% for the 2010 season. The move is part of a NASCAR cost-cutting initiative. [...]]]></description>
			<content:encoded><![CDATA[<h1>Kyle Busch is Getting a Pay Cut</h1>
<p>By Buck Black Jr</p>
<p><a href="http://racingwin.com/wp-content/uploads/2010/01/kyle-busch-pay-cut1.jpg"><img class="alignleft size-medium wp-image-2063" style="margin-left: 10px; margin-right: 10px;" title="kyle busch pay cut" src="http://racingwin.com/wp-content/uploads/2010/01/kyle-busch-pay-cut1-300x229.jpg" alt="" width="300" height="229" /></a>But so are Jimmie Johnson and Dale Earnhardt Jr. All drivers will have a pay cut in 2010.</p>
<p>NASCAR is slashing the amount it will pay race teams by about 10% for the 2010 season. The move is part of a NASCAR cost-cutting initiative.</p>
<p>Race track operators will benefit the most from the discounted race purses.</p>
<p>Speedways are required to put at least 25% of their television money toward race purses. The money tracks will receive from television networks will increase by about 2.5% in 2010. Even as the tracks are handing out less at the pay window to drivers.</p>
<p>But attendance at NASCAR Sprint Cup races will continue to be off in 2010. So the reduced purses will help offset the loss in ticket sales.</p>
<p>To their credit NASCAR tracks have been offering race fanss lower ticket prices to get people in the grandstands.</p>
<p>For what itâ€™s worth International Speedway Corporation owns about half of the tracks on the Sprint Cup series schedule.</p>
<p>NASCAR is essentially owned by the owners of International Speedway Corporation.</p>
<p>&#8220;NASCAR did the right thing to work with the tracks to reduce their costs in order to manage the economic realities,â€ said Ramsey Poston, NASCARâ€™s corporate communications honcho.</p>
<p>&#8220;Tracks have done a great job reducing ticket prices and enhancing the fan experience. Likewise, we worked with the teams to contain costs.â€</p>
<p>So it seems that the speedway operators are trying to hold their own while taking money from drivers and race teams.</p>
<p>Does that seem fair?</p>
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