Late Model Series announces purse and point fund structure

Pendleton, Ind. (November 26, 2003) - In one of the most exciting moves in recent late model history, the American Speed Association announced an aggressive competitor compensation plan for its newly acquired ASA Late Model ...

Pendleton, Ind. (November 26, 2003) - In one of the most exciting moves in recent late model history, the American Speed Association announced an aggressive competitor compensation plan for its newly acquired ASA Late Model Series. The 36-year-old sanctioning body has established a minimum base for the 2004 event payout and points fund for the new ASA Late Model Series. These established amounts have the potential to rise with the addition of sponsorships of awards and other special programs.

"We felt it was important to show the significance of this series and how much we value our potential competitors and customers," said ASA CEO/President Steve Dale. "Our hope is that this elevation of the ASA Late Model Series will interest a number of marketing partners from the Great Lakes region and beyond."

The competitors in the ASA Late Model Series will receive an impressive 41-percent increase in the 2004 event purses. The 2003 structure paid the top-20 finishing positions, with the 2004 purse structure spreading the wealth to 26 racers in each event. The total purse has risen from $8,750 to $14,700 for 2004. Every position received a major increase as compared to the 2003 structure.

Additionally, a season-long compensation plan based on attendance has been formulated. If competitors compete in all events, they will receive a bonus at the awards banquet beyond their payout in the final points standings of $100 per event. If they compete in 80 percent of the events, they would receive a bonus that would be half of what the full-season bonus would be. As an example, if the final schedule shows 14 races and a competitor competes in all of the events, that competitor would receive a $1,400 bonus. Under this scenario, if a competitor competes in at least 80 percent of the events, but fewer than all of them, the bonus would be $700.

For the first time in series history, the ASA Late Model Series will compete for a points fund, with the initial minimum amount set at $20,000. The top-20 finishing car owners receive this money divided by a percentage system to award the champion and each position that supported the series. To be eligible to receive points fund money, a car owner must finish in the top-20 positions in the final points standings and must have competed in at least 80 percent of the ASA Late Model Series events.

It was also announced the series will adopt the renowned Rookie of the Year program that has been successful in the ASA Racing Series. If competitors haven't competed in more than 40 percent of the feature races in one season or attended more than 50 percent of events in one season, they are eligible to apply for the rookie program. More details will be announced on the payout of this award at a later date.

Rules for the 2004 ASA Late Model Series are available by contacting the ASA office, (765) 778-8088. For additional information visit asaracing.com.

-asa-

Be part of something big

Write a comment
Show comments
About this article
Series Stock car