Joey Logano earns $1 million bonus through new NASCAR program
Three-time Cup champion Joey Logano claimed a $1 million bonus for ranking first among Cup drivers in NASCAR's new Driver Ambassador Program.
Sports Business Journal first reported the award.
NASCAR Cup Series The Great American Getaway 400 - Practice
Good news, bad news for NASCAR Cup drivers ahead of Atlanta weekend
Advertisement
Kyle Busch has finished in the top 10 in all five races at Atlanta with Richard Childress Racing.
The program rewards drivers for promoting the sport in multiple ways. Drivers are awarded points based on how much they promote the sport, such as in interviews and appearances. The quality of the appearances is a factor along with a driver's standing in the sport. Former champions earn extra points.
The year is divided into two terms. The first term concluded last weekend at Pocono.
The second term goes beyond the end of the season. The top driver each term is paid $1 million. The driver in last in each term receives about $7,500, according to Sports Business Journal.
NASCAR Xfinity: United Rentals 300 Qualifying
Report: Former Cup team owner enters agreement to buy Rick Ware Racing
Advertisement
T.J. Puchyr, a former owner in Spire Motorsports, has entered an agreement to purchase the NASCAR team owned by Rick Ware.
NASCAR confirmed the top three drivers for the just-completed term was Logano, Kyle Larson and Ryan Blaney.
Sports Business Journal reported that the rest of the top 10 was Ross Chastain (fourth), Daniel Suarez (fifth), Chase Elliott (sixth), William Byron (seventh), Kyle Busch (eighth), Austin Dillon (ninth) and Chase Briscoe (10th).
The money for the drivers comes from the new media rights deal, Sports Business Journal reported.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Dave Parker, hard-hitting outfielder nicknamed 'the Cobra,' dies at 74
PITTSBURGH (AP) — Dave Parker, a hard-hitting outfielder who was set to be inducted into the Baseball Hall of Fame next month, has died, the Pittsburgh Pirates announced Saturday. He was 74. No further details about Parker's death were immediately available. The Pirates informed the crowd of his death just before the start of their game against the New York Mets and held a moment of silence. Advertisement Nicknamed 'the Cobra,' the 6-foot-5 Parker made his major league debut in 1973 and played 19 seasons, 11 for the Pirates. He was the NL MVP in 1978, won a World Series with Pittsburgh a year later and then won another championship in 1989 with the Oakland Athletics. Parker won back-to-back batting titles in 1977 and '78. He finished his career as a .290 hitter with 339 homers and 1,493 RBIs. He also played for Cincinnati, Milwaukee, the California Angels and Toronto. Parker was elected to the Hall of Fame by a special committee in December. The induction ceremony in Cooperstown, New York, is set for July 27. ___ AP MLB:
Yahoo
14 minutes ago
- Yahoo
Jeff Bezos and Lauren Sánchez are one of the richest married couples. Here's how the ultrawealthy do prenups.
With Jeff Bezos and Lauren Sánchez now married, they're likely to have a complex prenup. Lawyers and wealth management experts outlined the prenup process for the superrich. Business control, property ownership, and trusts are just some of the questions prenups tackle. Hindsight is 20/20 — especially when hindsight is worth $38 billion. Amazon founder Jeff Bezos and MacKenzie Scott, his first wife, got married without a prenup (in 1993, before Bezos started Amazon). Scott received roughly $38 billion in Amazon shares in the settlement, making her one of the world's richest women. On Friday, Bezos got married again, this time to helicopter pilot and former journalist Lauren Sánchez. Experts in family law and wealth management told Business Insider that the couple is almost certain to have a complex prenup. Bezos is, after all, worth more than $200 billion today. A representative for Bezos didn't respond to a request for comment from BI about whether the couple has a prenup. Anne Paape, the managing director and head of wealth strategy at Cresset Capital, a multi-family office for entrepreneurs and multi-generational families of wealth, said prenups are generally becoming more common and are sometimes even mandated in family trusts for the ultrawealthy. Prenups begin with both people fully disclosing their financial assets and debts, she said. Besides family, they can also involve everyone from business partners and tax attorneys to luxury realtors and aviation experts who help appraise homes and private jets, said Brooke Summerhill, a divorce financial consultant who primarily works with ultra-high net worth clients. "It's not the clients making a lot of these decisions, it's their team helping them understand what those decisions are and making those decisions with them," she told BI. Paape doesn't know the details of Bezos' potential prenup but said his situation isn't entirely unique: Many superrich weddings mark second or third marriages for at least one spouse, often one whose assets have changed considerably since their first time tying the knot. "He will absolutely have protection against anything that he could," Summerhill said, adding that he likely won't let his pre-marriage assets co-mingle with Sánchez's assets. The more money you have, the more potential prenup headaches you'll have, especially when it comes to business interests and properties. Wealthy clients tend to have properties and business interests around the globe, making it harder to ensure compliance with divorce and death laws in various jurisdictions. Many entrepreneurs like Bezos are focused on insulating their businesses in the event of a divorce or death. Most don't want to risk giving an ex-partner enough stock to have a say in how the company runs, Paape told BI. "You could try to compensate for keeping that off the table," Paape said. "What else if you were to get divorced? What other resources could you provide to that person?" Clauses safeguarding the appreciation of assets during a marriage are also key for wealthy clients, Summerhill said. If the couple ever divorces, it's not unlikely that Sánchez would get a lump sum, Amazon shares, and some real estate, according to Summerhill and Raymond Hekmat, a family law attorney in Beverly Hills who primarily writes prenups. But a marriage can also end in death, and that's where a death clause can come in. As Summerhill put it, this "prevents the surviving spouse from claiming a bigger portion of that deceased person's separate property." A surviving spouse commonly receives a lump sum or life insurance payout upon their spouse's death, she said, but a last will and testament may take precedent over the prenup. Prenups for the ultrawealthy have repercussions beyond the couple, whether it's about who takes over the family empire or gets the keys to the Hamptons home. "There's more people that care about the resolution of that breakup, whether it's divorce or death," Paape said. "It's business partners, it's employees, it's charities you support, it's children and grandchildren." She said trusts "are a no-brainer " for children of the ultrarich and that many provisions deal with inherited property or business ownership. Bezos shares four children with Scott, and Sánchez has three kids. Hekmat said all the prenups he draws up have a confidentiality provision, and some can include social media restrictions. "In the event of a breakup, you can't disparage the other party or discuss the prenup in any way with the public, and there could be penalties involved," he said. Prenups can also include sunset clauses, which say that some provisions or even the full agreement expires after a certain period of time. Some people may choose to change certain provisions and become more generous after they've been with their spouse for a while, Paape said. Hekmat said that even with prenups, couples risk messy legal and financial fights down the line. Proclaimed love and devotion aside, he kept his advice for the Bezoses of the world simple. "My bottom line for billionaires is don't get married." Have a tip or a story to share about your own experiences with a prenup? Contact these reporters via email at atecotzky@ or sjackson@ or on Signal at alicetecotzky.05. Use a personal email address and a nonwork device; here's our guide to sharing information securely. Read the original article on Business Insider
Yahoo
14 minutes ago
- Yahoo
Meta hires four more OpenAI researchers, The Information reports
(Reuters) -Meta Platforms is hiring four more OpenAI artificial intelligence researchers, The Information reported on Saturday. The researchers, Shengjia Zhao, Jiahui Yu, Shuchao Bi and Hongyu Ren have each agreed to join, the report said, citing a person familiar with their hiring. Earlier this week, the Instagram parent hired Lucas Beyer, Alexander Kolesnikov and Xiaohua Zhai, who were all working in OpenAI's Zurich office, the Wall Street Journal reported. Meta and ChatGPT maker OpenAI did not immediately respond to a Reuters request for comment. The company has recently been pushing to hire more researchers from OpenAI to join chief executive Mark Zuckerberg's superintelligence efforts. Reuters could not immediately verify the report.
