Host: Explain the economics of being a driver. [...]
Chase: [...] The best way I can describe it to you is: basically, all drivers are private contractors to whatever race team they work for. So, I work for Hendrick Motorsports so I'm basically a contractor of Hendrick Motorsports. You know, I work for them. Rick is my boss and he pays me.
Host: But you're a contractor, so you don't get like health insurance and stuff through them? You're a freelance dude?
Chase: Yeah, you're in charge of all that. Now, your contract, you know, you're not just a freelance dude. You know, I'm very much employed by HMS. But you are responsible for all the things you're talking about, whether like health insurance and that sort of thing.
Host: Is it hard to get insurance?
Chase: Um, not really. No, I would say. There's a market for it--
Host: Is there a question like, do you skydive or whatever? Do you, like race?
Chase: Yeah. Well, there are a lot of race car drivers, right? You know, around the world in different forms of motorsports, so there are companies out there that kind of specialize in that.
Host: Okay, so you sign a contract. And how many years is a normal contract?
Chase: Anywhere from two to five.
Host: And then there's like some kind of base component? Or is it all winnings?
Chase: Uh no, well, it depends, and this is where it could be different for whoever. You could have a base number. Some guys could be totally percentage based on the, you know, how the races go in the purse of any given race weekend, or you could even have a hybrid. You could have a little bit of both. And I don't think anybody's is really one and the same.
Host: Got it. But then when you win, like your name's attached to it, but the team wins.
Chase: Yeah.
Host: Like when when they write the big winners check, they don't write the winners check to the driver.
Chase: That's correct. Yeah, so the winners check would go to the team because, you know, they're fielding the car. It's their car, and you know it's their team, right, so the teams get paid, you know, for from the purse from NASCAR for whatever the you know, the purses or the winnings that weekend.
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