Mod-V Class Series Returning With $120,000 Purse

[Speed on the Water]

There is real money at stake this season for offshore racing’s Mod V class, https://www.speedonthewater.com/mod-v-class-series-returning-with-120000-purse/

 

[Ratickle]

If I'm correct, each race has a purse total of $10,500.

X 5 races equals $52,500.

Plus the Championship purse of $110,000.

Seems to add up that they are competing for a total purse of a share of $162,500.

Or am I missing something??????

 

[fund razor]

I get $120,500 on my calculator. Divided by races and teams. Hilariously low.
That purse is a joke.

Answered my own question as to why this sport has a hilariously low purse. A) there are a very limited number of fans. B) teams get their own sponsors, so it's on them.

 

[Ratickle]

It is, by far, the largest purse payout of any class.

But, back to the $120,000. How do you come up with that?

Each race has:
First Place, $5,000
Second Place, $2500
Third Place, $1500
Fourth Place, $1000
Fifth Place, $500
Total, $10,500

5 races for the series= 5 X $10,500
Total, $52,500

Then the overall championship for the five race series payout:
First Place, $50,000
Second Place, $35,000
Third Place, $25,000
Total, $110,000

So, $52,500 plus $110,000 = $162,500

That's what I keep coming up with.......

Where's my miscalculation at?

 

[fund razor]

IDK. It was early. Let's assume SOTW is dead nuts accurate.

But the question is not "Does this purse suck less than some other terrible purse?"
The question is: "Does the market not value this as a real sport, or do the people with the inventory not know how to move it?"

 

[Ratickle]

I think it's a lot of the fighting between the organizations that causes the sport to be a fourth tier sport best case.

Every time the sport appears to go in the right direction for a couple years, somebody comes along with thier "better" idea and backwards it goes.

 

[fund razor]

People like sports they can relate to. That they played or imagined playing.
60,000 people attended the Super Bowl. 900,000 plus people attended the Phoenix Open.

A person can even get behind the wheel of their Toyota for a moment and imagine they are a formula one driver. Most of us drive cars every day.

But it's impossible for most people to relate to boat racing. In the 80s, at least many people WANTED a fast boat, or saw one on Miami Vice.
The American dream was still alive. And the market was flooded with boats.

Now most people know they will never have an offshore boat.

 

[Ratickle]

I think it needs to be pushed as more of an extreme sport for the bigger classes. And the Class 7 guys need to be pushed as the young guns that they are, and may become.

But mostly, the organizations work against each other which does not help at all.

 

[Ratickle]

Mod Vee has the possibility of three national championships in one season....

 

[Ratickle]

Plus 2 world championships....

 

[Ratickle]

They will have a P1 Mod Vee National Champion, Best of 5 races,
an APBA Mod Vee National Champion, Best 6 of 8 races, and
an OPA National Champion, best of either 4, 5, or 6 races, (unknown at this time).