Warning on contingency wraps

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Originally Posted by Dan Bennett

Keep in mind that this was from many years ago from a conversation I had with the head of a very large, very prominent parts manufacturer. It may have changed since we talked.

He was really amused at my confusion and outrage after he explained the program to me - and why he hated it but felt he had no choice but to participate.

He told me that the money posted goes to the NHRA as if every winner throughout the year in every class posted was using his products and would be paid out. Seems like they didn't require a lump sum all at once but the contract called for timed payments like business taxes.

What made my mind spin is that he said if a winner was not using his product, there was no refund to him for the money he'd already paid even though the NHRA didn't pay it.

I think I remember he also said that a cut was taken (and added to the total contingency bill) for administration.


He sold very popular products so I assume he decided it was worth such weird conditions.

I'm not sure when the program was like you explained, but it's not like that anymore. Bobby Fazio had the head of the contingency program on his Class racing today podcast.


All my contingency checks came from the companies after I sent the completed tax forms to them. I even got a letter from Goodyear asking me to cash their check at the end of the year. Maybe I was lucky, but everyone paid me. I believe others I know that qualified for contingency had the same experience. That is not to say others have had the same success.