IHRA Contingency

THE LEGEND · 01-21-2009, 10:54 PM

442, I was told the same thing.
Chip

BAS Racing · 01-22-2009, 12:04 AM

Both sanctioning bodies have industry membership fees of around $5000, I'd have to look up the exact numbers. That fee covers the contingency verification & administration, the midway display space, event credentials, and what mention sponsors get in ND/DRM or online.

NHRA has a minimum payout gaurantee of $17,000 for the first product posting and $13,000 for each additional product posted for. Which means that if the sponsor does not payout the minimum to racers, the difference is paid to NHRA at the end of the season. IHRA does not have a minimum payout gaurantee. Sponsors do not have to pay all the money that is posted for win/runner up at every event.

01-21-2009, 10:54 PM	#1
THE LEGEND VIP Member Join Date: Aug 2002 Location: Fayetteville, n.c. Posts: 1,411 Likes: 0 Liked 1 Time in 1 Post	Re: IHRA Contingency 442, I was told the same thing. Chip

01-22-2009, 12:04 AM	#2
BAS Racing Junior Member Join Date: Nov 2008 Posts: 15 Likes: 0 Liked 6 Times in 2 Posts	Re: IHRA Contingency Both sanctioning bodies have industry membership fees of around $5000, I'd have to look up the exact numbers. That fee covers the contingency verification & administration, the midway display space, event credentials, and what mention sponsors get in ND/DRM or online. NHRA has a minimum payout gaurantee of $17,000 for the first product posting and $13,000 for each additional product posted for. Which means that if the sponsor does not payout the minimum to racers, the difference is paid to NHRA at the end of the season. IHRA does not have a minimum payout gaurantee. Sponsors do not have to pay all the money that is posted for win/runner up at every event.

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