BES: Mid-season point fund payout announced

NASCAR GRAND NATIONAL DIVISION, BUSCH EAST SERIES COMPETITORS TO BENEFIT FROM MID-SEASON POINT FUND PAYMENTS DAYTONA BEACH, Fla. (May 5, 2006) -- NASCAR Grand National Division, Busch East Series competitors can look forward to a mid-season ...

NASCAR GRAND NATIONAL DIVISION, BUSCH EAST SERIES COMPETITORS TO BENEFIT FROM MID-SEASON POINT FUND PAYMENTS

DAYTONA BEACH, Fla. (May 5, 2006) -- NASCAR Grand National Division, Busch East Series competitors can look forward to a mid-season financial boost. NASCAR has announced it will distribute $100,000 of the 2006 Busch East Series point fund in two $50,000 installments, after the fourth and eighth races of the season.

Both mid-season payouts will be shared among the top 20 drivers in the current point standings, following the races at Thompson (Conn.) International Speedway on June 29 and Waterford (Conn.) Speedbowl on Aug. 19. The remainder of the 2006 point fund, along with all contingency sponsor and special awards, will be distributed at the end of the season.

The mid-season disbursements are intended to support Busch East Series teams during the racing season, while further aligning the Busch East Series with its West Coast counterpart, the AutoZone West Series -- which pays its point fund in a similar manner. The $100,000 amount represents nearly 25 percent of the total point fund provided by Anheuser-Busch and NASCAR.

"This is a simple administrative change that will give some financial relief to Busch East Series teams, to help them get through the season," said Don Hawk, NASCAR's Director of Regional Racing Development. "This change, combined with the introduction of reduced-cost composite bodies and spec engines, is another step towards making the NASCAR Grand National Division more financially viable for our teams and drivers."

In 2005, Busch East Series competitors shared more than $1.4 million in race purses, point fund and special awards. More than $430,000 was distributed as year-end point fund awards to the top 20 drivers in 2005.

-nascar-

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