T2x set me straight please.

it was known as the Benihana Grand Prix for the first time in 1975..... and won by none other than Mr Robert Saccenti. in a new MSV 44 foot boat called "La Tortuga".

.

I was there. Do you remember who actually finished first in the Open Class that day?
 
Rich,

Most of your history is spot on, especially the part about Gene saving APBA Offshore, however, there are a few things which need clarification. First, the money was not coming in when Gene handed the category off to me. Unbeknownst to anyone but me, Gene was writing checks to fund everything. I know that because I had to write him a near six figure check when I took over. In other words, the category was broke - again.

Second, Gene did not become terminally ill until well after he left APBA. Anyone who was close to him at the time - I was actually his attorney on certain matters as well then - he did not enjoy year two of his chairmanship at all. The Alcone/Forest war was raging, SBI was outpulling us at most events in terms of boat count and he was very depressed over what he thought was a lack of loyalty - teams jumping back and forth between series, always threatening to quit, or fund SBI if rules were not changed, etc. The clincher for his quitting was the South Padre Island event. If you will recall, a hurricane was fixing to hit Florida and his granddaughter was urging him to stay with the family rather than attend the race. He elected to go to the race out of a sense of loyalty and committment to the teams. After only 9 or so boats showed up, including no open class teams, Gene called it a day.

After the 1999 season, I simply went to a few key players and told them I had spent even more money than Gene, was just as sick of the crybabies and lack of committment from the big teams, and planned to quit if something was not done to change the paradigm of benevolent chairmen. The LLC was born and the rest was history.

OK, now carry on.
G
 
Hey Darren,

I always loved that obsolete old fart. Time heals all wounds. And nope, Magoon was not the winner. Actually, Top Banana was correct, La Tortuga won the race, but another team actually finished first only to be DQ'd - a problem which hit that team several times in 1975. In fact, several teams suffered that fate giving the win to the only official finisher that day.
 
Here's a question for the 'Icon', there's a post out there, offering help with motor sports sponsorship proposals.... the poster is calling this CBS Sports deal a 'time-buy' deal. Give us the resident guru explanation for 'time-buy'?

Sincerely

Coach
 
Time buy basically means that the network is not producing the show. Nor are they buying it from the producer. The producer is making up the show and then buying time from the network to show it. If you can produce it and get it aired for less than what you can get by selling sponsorship minutes for, you can make some money. Since the Hard Rock is involved with the SBI deal I would suspect they are buying the time and expecting SBI to produce the show, or it is some kind of partnership deal.
 
T2x,

The times have not been released but by deduction it will be Saturdays between 12-3. Reasoning: CBS carries the NFL on Sundays and has had a long standing contract with the SEC conference to carry a game on Saturdays. The college game has always started 3-3:30 and the NFL has sun totaly blocked out from 12-7. I think the exact time will be released down in Marathon this weekend and I am sure Frank, Pat, or the new guy umm Coach will post.

Trent
 
Exactly.....

Basically if you have enough scratch you can buy TV time. As long as it does not fail any network standards (which seem to lower by the day), does not embarass the network, and has decent production values...you're good to go.

All this means that Geico can purchase a program called "The building of a Tubine Race boat"...and televise it all by themselves. The cost variees based on time of day/week and the prominence (or lack thereof) of the network in question (The "Root canal Network" is a LOT cheaper than CBS for instance).
On the other hand, you need to look at what the SBI series is scheduled against. If it is NFL Football or Nascar...the network has basically given up on that time slot and will probably sell it at a reduced rate. Since they have nothing to lose, they look to create a revenue producing time slot. You see this with infomercials and similar time buys. This in no way diminishes the fact that even a "dead zone" telecast on CBS is a great opportunity, because people channel surf and tend to land on the closest channel to the one they are currently watching first. So if the Chiefs-Chargers game on NBC goes to commercial and you dial a few channels away (2 hops in NJ) Voila!..you're on CBS and maybe something catches your eye that dissuades you from moving on to the Sprint Cup race at Loudon on Fox. But you damn well better have something that remotely resembles a compelling competition or you will lose your credibility and standing for future consideration.

As always, the devil is in the details.

T2x

I basically said the same thing on the other site in the racing section.....
 
Trent Please!

T2x,

The times have not been released but by deduction it will be Saturdays between 12-3. Reasoning: CBS carries the NFL on Sundays and has had a long standing contract with the SEC conference to carry a game on Saturdays. The college game has always started 3-3:30 and the NFL has sun totaly blocked out from 12-7. I think the exact time will be released down in Marathon this weekend and I am sure Frank, Pat, or the new guy umm Coach will post.

Trent

I'm in this for the racers, and a great race in Clearwater Beach, that's my agenda! If JC can't work up a program to put a sincere competition in the water in Clearwater it won't be because I didn't do my best to follow through for everyone....

Sincerely

Coach
(Not an Apologist)

Here's the explanation from our back channel sources:

While I am not directly involved in the SBI/CBS deal, I do know someone who is and I have a call into him to make sure that the info that I have is accurate (99% sure at this point, but I like 100%...lol)

A time buy works like this...You approach the network about your programming idea (a boat race, for example) and you already have some sponsors lined up, and you negotiate the time period that you want, and the dollars that it is going to cost.

Once this is completed, you now "own" the time period (and all of the national inventory that comes with it). So YOU are in control of finding your sponsors and selling your television spots, billboards, etc...

Many of the college BCS bowl games are done this way, because they package up so many sponsorships into the games themselves...It has its good points and its bad points....

If your sport or sanctioning body does very well packaging and selling your sponsorships, then it can be quite lucrative...Even more so than the traditional model where networks paid rights fees...You also maintain a tremendous amount of control over your frmat, production, talent, etc...

This can also sink you too....You really need to be proficient in selling your packages because any short falls between what you raise and the costs to air are your responsibility BEFORE the event hits TV...so, unless you can justify the expense being effective in helping gate receipts tremendously at the events, its very hard to go there...

The NHRA on ESPN is a time-buy....That annual cost is in excess of $10,000,000 PLUS production costs...(Another $2,500,000+) It adds up REAL quick....

Without violating any confidences and going into specifics, I can tell you that many people can build a damn nice house for the cost of one hour of NON-primetime airtime on any of the big 4 networks.

But you better have your sponsors lined up, because it is CASH UP FRONT to the networks to get on the air....

l personally don't know Mr. Carbonnell, but I would wonder if he has sponsors in place to cover over $2,000,000 worth of airtime & production costs...And if it isn't produced in HD, then a lot of people will tune right out...This can cost $50,000+ per event by itself...I haven't heard that he signed a monster series sponsor yet, big six-figure race sponsors, etc...It seems a bit interesting to me that without these sponsors already in place for a while at the races, that he can step up to this level of TV...We'll have to wait and see...

If he pulls this off, it will be great for the sport!
 
Back
Top