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A 10 percent pay cut? Welcome to the club

Updated: January 29, 2010, 3:37 PM ET
By Terry Blount

Every NASCAR driver and team owner just took a 10 percent pay cut.

NASCAR is reducing the purse money by 10 percent for every Sprint Cup, Nationwide and Camping World Truck Series event this season.

A lot of folks across the country would say welcome to the club. Others would gladly accept that sacrifice compared to no pay at all.

However, this is a little different. The lost purse money for the competitors is going into the pockets of the track owners. Track income just got ...

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