Well, Jok certainly hit a nerve with his Dead-On
column about contingency money. Here is the first batch of your
letters. The final letter in this section is from J.W. Performance Transmissions,
the only manufacturer to respond thus far.
CONTINGENCY = ENTRY FEE
The overriding truth in this deal is that it is just like an entry
fee - the losers are paying the winners.
1. If you purchase the product within the prescribed time frame AND
2. If you actually have it installed AND
3. If you have the proper size decals actually on the car for the entire
4. If you win or runner-up at the event AND
5. Your car checks legal AND
6. You call and write and fax and e-mail the sanctioning bodies and
the companies that have posted THEN
7. You MIGHT get the money.
That is why my Super Stock looks like it does.
CONTINGENCY IS A BUSINESS DEAL
I absolutely agree with this. We even had a manufacturer, CSI, that
used our name in their advertising but refused to pay us winners money.
The son of the owner screamed to my wife to get the out of his trailer
at the Gatornationals when she didn't want to listen to his bs about
why they did not pay. After we contacted IHRA we finally got the $100
check after almost a year.
To me contingency is a business deal, I advertise their product, they
pay me if I fulfill the agreement by winning a race. If not, racers
should not use their products.
On the positive side, Crane cams has always paid us in time (they were
not mentioned in your listing)
COUNTS ON CONTINGENCY
I loved your new article about Contingency Money and I think you are
right. I don't understand why the companies of these products just don't
have the tracks pay, and the tracks can submit the bill to the companies
after the fact. I know most racers count on the money and products from
the Contingency programs (at least I do). I am glad you decided to speak
out on this issue and keep to the good work.