Latest / Kenny Wallace Media / NASCAR is Making a BIG Change in Driver Pay

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NASCAR is Making a BIG Change in Driver Pay · Kenny Wallace Media

• 0:02
  Happy Friday morning everybody got up at like 4:30 this
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  morning, said to myself what in the world and finally had to get
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  out of bed like it. I don't know, 515, not six O 4.
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  All right, I don't know. Around 7 O clock last night, Bob
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  Pawcras, he gives me a lot of my talking points.
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  Thank you, Bob. I appreciate you.
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  We're friends anyway. All right, when 2311 wrote their
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  letter to Steve Phelps, the president of NASCAR, you get
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  about 3/4 of the way through it and Michael Jordan, Denny Hamlin
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  said to NASCAR, we accept the incentive plan for the drivers.
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  What? So anyway, somebody asked Bob
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  Pockras a question last night and Bob's on it.
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  Bob's the man. And Bob goes, Oh yeah, the
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  drivers are being paid directly from NASCAR.
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  All right, so now I have to back up for all of you.
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  About four or five months ago, if you remember Denny Hamlin on
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  actions detrimental said NASCAR needs to start an in season
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  tournament. You know, like they do in other
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  sports. You you get into other sports
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  and it can kind of get boring. So let's create a champion in
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  any way we can in the middle of the season.
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  So just quickly, this has already been announced four or
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  five months ago and everybody's just like, OK, no big deal.
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  Exciting. I'll play part.
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  So NASCAR announced it's going to start on TNT.
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  Now I'm already telling you what you know, but I got to do that
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  to get to my point. So they're going to start an in
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  season tournament next year in 2025.
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  Thirty two cars. Oh hold on, not cars.
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  This is why I'm doing coffee with Kenny. 32 drivers and the
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  punch line is coming. 32 drivers for the first time.
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  It's going to be all about the drivers.
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  So 32 drivers driving their team.
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  Owners cars are going to take place in an in season
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  tournament. Now they're going to run the
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  first 3 races and that will qualify you.
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  That will set the line up. Then the next 5 races all the
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  drivers go head to head and at the end the winner gets $1
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  million. OK, simple enough in season
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  tournament. Now you know there's going to be
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  a lot of betting on the side too because NASCAR, you know,
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  everybody's betting now help betting is pretty much illegal
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  all over the world now. I think the state of Missouri is
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  the only one that isn't allowing, allowing legalized
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  betting, but it's on the docket for this year.
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  So anyway, I'm I'm on X last night and this person said to
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  Bob, what what is this incentive plan that Michael Jordan and
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  Denny Hamlin are telling NASCAR? Hey, NASCAR, we accept your
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  incentive plan. And Bob Pacras says for that for
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  that, you know, you know, in in the year, you know, tournament,
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  NASCAR is going to write the check to the driver.
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  OK, that's a new that's a new. What's that all about?
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  Respond right here. So let me break it down easy for
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  you. You're a big NFL fan, right?
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  You love the NFL. It's the greatest of all time.
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  They charge you $2000 a year to watch it, but you're happy.
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  I'll write you a $2000 check because I love the NFL so much.
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  I'm going to pay you money. I'm a smart ass.
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  So anyway, my point is, is that when the players play for the
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  NFL, the the owners pay them. Jerry Jones, the owner of the
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  Dallas Cowboys, those players get paid by Jerry Jones.
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  The NFL does not pay the players, OK?
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  The NFL does not pay the players.
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  So my point is this is a game changer.
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  Why is NASCAR paying the drivers directly?
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  Respond right here. I don't know.
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  It's got to be a it's got to be a booking, something to do with
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  money and taxes and this and that.
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  Now I have questions. Respond right here.
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  Let's say Denny Hamlin wins this in season tournament and NASCAR
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  writes Denny Hamlin a check for $1 million.
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  Does Denny Hamlin have to give Coach Joe Gibbs some of the
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  money be because Coach Joe Gibbs going to say well you wouldn't
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  have won that $1 million if you weren't in my car so give me
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  some. See what I'm saying?
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  The and the other reason I'm doing this is because a fan said
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  Kenny Wallace. Please talk about this on Coffee
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  with Kenny. So the question bears now I'm a
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  little jaded. I know a little too much.
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  When NASCAR writes that $1 million check to the winner next
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  year, does that driver have to give his car owner some of that
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  money? Because right now the way it
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  works is that the team Joe Gibbs Racing receives all the money.
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  That's the way it is, OK Joe Gibbs Racing receives all the
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  money, and then Joe Gibbs gives Denny Hamlin some of it because
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  the drivers are independent contractors, OK?
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  The drivers pay all their own taxes, pay for their own
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  insurance, things of that nature.
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  Some drivers make deals with their owners and have the teams
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  pay for their disability. That's another subject.
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  All right, Well, I I hope you like that in ending in ending.
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  The big story here is for the in season tournament, NASCAR is
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  paying the drivers directly. Why?
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  Why? And will the drivers have to pay
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  their car owners some of that money?
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  All right, I think that's about it.
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  I'm at 7 minutes and 1213 seconds.
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  So let's go ahead. It's Friday.
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  Let's go and make it 8 minutes because that's what YouTube
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  likes. You get more commercials and I
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  make more money. Hey, I tell it the way it is.
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  All right, so it's Friday. It's still dark out tonight.
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  I'm racing Tri-City Speedway, Granite City, IL for the Midwest
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  late model racing association. MLR a most drivers have shut it
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  down. Most drivers are like I'm done
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  racing for the year but I'm going to be there tonight.
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  I'm excited to run my mod gonna unveil my all of us at Jags were
• 7:56
  celebrating breast cancer awareness month.
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  So this be the first race where I have the pink Jags on the car.
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  So check us out Breast Cancer awareness month right here on X
• 8:09
  and and some of the other social media channels.
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  Go ahead and buy some of our pink Jegs hats, pink shirts.
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  That money goes to solving helping breast cancer awareness
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  month. It's a good looking, good
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  looking hat, good looking shirt. All right, everybody.