DRO:
Should AMS Staff Leasing and Dave Wood choose
not to renew the sponsorship in 2005, would
NHRA continue the class status quo without
an outside sponsorship?
TOM COMPTON:
Programs like the AMS Staff Leasing Pro Mod
Exhibitions require sponsorship dollars to
be successful. We have been extremely pleased
with AMS Staff Leasing and the ongoing support
they have provided this program. We have heard
nothing but positive feedback from AMS Staff
Leasing regarding their participation and
return on investment in the program as it
currently exists.
You don't have to read too much between the
lines to understand what Tom Compton is saying.
Not only does NHRA have no plans to make Pro
Modified a class anytime soon, but, unlike their
policy in the past, if a title rights sponsor
can't be secured for the class then apparently
there won't be one. Considering the disastrous
season, from a financial point of view, that
NHRA had in 2003, it shouldn't surprise anyone
that they either are unwilling or are unable
to fund the purse and television for a ten-race
Pro Mod "exhibition" series.
I've done a little investigating and found
that the cost of being the title rights sponsor
for the NHRA Pro Mod series is a minimum of
$750,000 and could easily reach a $1,000,000
per year. Dave Wood wouldn't give me an exact
figure when I talked to him, but he did agree
that the budget each year for his company's
involvement with the NHRA Pro Mod series was
in the seven-figure range. That means that NHRA
will have to find a sponsor to replace him that's
willing to devote that kind of funding for an
"exhibition" class if there is going to be a
NHRA Pro Mod class beyond 2004!
This kind of uncertainty is not healthy for
the class. In fact, the statements from Compton
could have devastating effects on current teams
and their sponsors who have built their entire
operation around the NHRA Pro Modified Series.
Team owners like Dave Wood, Jim Oddy, Von Smith's
owner Tommy Lipar, team owner/driver Mike Ashley,
Roy Hill, Scotty Cannon/Jim Jennard and veteran
NHRA racer, manufacturer and team owner Brad
Anderson have made major financial commitments
and attracted major sponsorship for their race
teams based upon racing with the NHRA and the
current Pro Mod television package.
So, the question for those Pro Mod teams and
sponsors who have been supporting NHRA exclusively
is, what should their long-range plans be? Should
they continue to support the NHRA Pro Mod series
with its superior television coverage and hope
that someone steps up to the plate in 2005?
Or should they start hedging their bets by supporting
the IHRA even with its poor television package
hoping the sanctioning body gets a better television
package that will support their sponsors. Some
have already planned steps back to IHRA. Owner/driver
Mike Ashley, Tommy Lipar and Dave Wood and others
have confirmed that they will begin competing
at IHRA events this year.
So, what is the future of NHRA Pro Modified?
The crystal ball is cloudy at best. The NHRA
has a year to find a replacement for Dave Wood
and AMS Staff Leasing for the Pro Mod class.
Jim Jennard's company, Oakley, has been rumored
to be interested and there is no doubt that
Mr. Jennard could afford to write a check and
become the series sponsor. The fact that his
friend Scotty Cannon is back in a Pro Modified
and plans to run both NHRA and IHRA could be
a factor. However, you have to wonder if it
makes good business sense for Oakley to have
a bigger presence than they already have at
NHRA, and the fact that it is an "exhibition"
series may not be palatable to Mr. Jennard.
My best information is that until the Pro Stock
Truck lawsuit is settled there won't ever be
a new Professional class. The hard fact is that
as long as Pro Modified is an official exhibition
series with none of the perks that an NHRA professional
class offers it will be difficult to demonstrate
to a corporate sponsor the value of sponsoring
the series.
The upside is that the NHRA management group
has a year to find a sponsor for Pro Mod; the
downside is that in reality that Pro Mod as
an exhibition class doesn't have a lot of value
for them to promote. As for NHRA's Pro Mod racers,
they have no control of their destiny. They
have a ten-race series with an excellent television
package so they will be able to service the
sponsors they have this year. But beyond the
2004 season no one knows for certain what is
in store for NHRA Pro Modified.
What do
you think? Send your email to response@dragracingonline.com.
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