Whether you like it or not, big money is simply part of the professional sports landscape. From broadcast deals and commercial sponsorships to individual salaries, there’s a financial element to almost everything that goes on behind the scenes. That’s especially true in the world of NASCAR, as Joey Logano, of Middlletown, CT can confirm.
While the motorsports world isn’t exactly dishing out Patrick Mahomes-style mega-contracts, there’s still plenty of money to be made behind the wheel. Joey Logano, however, wasn’t going to let that first big paycheck go to his head; in fact, he set it aside for a pretty intelligent purpose. These days Joey Logano has plenty of money in the bank. When he started driving professionally, though, things were a bit different.
While it’s always tempting to splurge when you receive your first big paycheck, Logano did the opposite. Rather than buying a new truck or enjoying a night on the town, he decided to set some money aside for a rainy day.
“Knowing me, I’d put [my first big paycheck] straight in the bank,” Logano told CNBC. “To me, I think you’ve got to build some kind of nest egg to feel comfortable. … For a race car driver, you don’t know when this is going to end. I can run into a wall and break my legs, or maybe something worse, and that’s it, you know?”
While that might not be the most fun way to use money, Joey Logano believes that it was the right move to make.
“Being appreciative of what you have and making sure you do the right things with your money, especially early in your career, I think really pays the dividend later on,” he explained.
Corey LaJoie Ready to Build Program at Spire Motorsports
Note: Corey Lajoie is the son of Randy Lajoie a two-time Xfinity Series Champion and is a native of Norwalk, CT.
Spire Motorsports hopes four-year NASCAR Cup Series veteran Corey LaJoie can help them move up the pecking order next season.
Until then, they’re using him in other ways.
During a Tuesday video teleconference with reporters, LaJoie was asked about his early input on Spire’s operation since joining in late November.
“Let me put it this way: About 15 feet over, on a surface plate, I’m building a sign for out in front of the (team) shop,” he replied. “That’s how much input they’re giving me with the team.”
LaJoie, son of two-time Xfinity Series champion Randy LaJoie, figures to have his touch on a lot of other areas, too, as Spire expands to a two-car program.
The organization, owned by Jeff Dickerson and T.J. Puchyr, purchased the charter and assets of now-defunct Leavine Family Racing at the end of this past season.
Now Spire looks to put forth its most competitive effort since joining the Cup Series in 2019.
Enter LaJoie, who was intrigued by the idea of helping a team grow into a contender.
“I thought that I could bring what my value is, on and off the racetrack, and I thought it was going to be more of (of an) accomplishment if I jump in with those guys at the ground level and build something, as opposed to being handed the keys for something that you kind of know what the framework already looks like,” he said.
“That’s kind of what excited me about doing it: Jumping in, having a part in building something … Hopefully, we can compete for wins and fighting for a playoff spot in the next couple of years.”
Helping LaJoie will be crew chief Ryan Sparks, who worked with him last season at Go Fas Racing.
While LaJoie noted that he and Sparks were not a package deal for Spire, he indicated how important maintaining that continuity is.
“I felt like our cars drove particularly well at a lot of the places we went to (last year), especially with no practice and one day shows,” LaJoie said. “It’s gonna be really important to have a guy that knows how to translate whatever pops up on the computer in simulation and then put it in real life. I think Ryan is one of the best I’ve worked with in that regard.
“We also have all the notes and he knows what I favor in terms of set-ups, to where we can almost hit the ground running as opposed to learning each other throughout the course of the first half of the season.”
Along with Sparks, LaJoie has more resources to work with – including Spire’s partnerships with Chip Ganassi Racing and Hendrick Motorsports, the latter supplying the team’s engines.
All things considered, he feels there’s no reason he can’t be better than he was last year at Go Fas.
How much better he’ll be is to be determined. But he still has his own ambitions.
“It’s hard to say, being that we have no clue in terms of where we stack up speed-wise with the motor program in the cars, but my personal goals are to compete with JTG (Daugherty Racing), beat Front Row (Motorsports),” LaJoie said.
“I’d like to think that we can be somewhere between 19th and 22nd, 23rd in points. I think that’s really doable if we execute and don’t have any mechanical failures. Because if you look, the (Ganassi cars) have been playoff cars the last five years and (Ganassi driver) Kurt (Busch) shows a lot of speed out of the weekend.
“If I have something similar to what those guys have, I’d hate to think we couldn’t be up there racing the majority of the time.”