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Report: NASCAR asking for $12-15 million for sponsorship of current N’Wide Series

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With Nationwide Insurance ending its sponsorship of NASCAR’s No. 2 national series following the 2014 season, the sanctioning body is hunting for a new backer that can kick in $12-$15 million for title sponsorship of the category.

Additionally, the Sports Business Journal reports that NASCAR is also telling potential prospects that they also expect a 10-year deal that includes a media commitment of more than $10 million as well as an activation commitment of more than $10 million. Altogether, that puts the annual price tag at more than $30 million.

Post-2014, Nationwide will focus its NASCAR efforts on Sprint Cup while maintaining its status as the series’ official insurance company through 2017. The company sponsored Ricky Stenhouse Jr. in several Cup events this past season.

Per the SBJ, NASCAR plans to approach companies that were in the mix for the NNS’ title sponsorship when it was last available in 2007. Among that group was Subway (a prominent sponsor of Cup driver Carl Edwards and Roush Fenway Racing’s No. 99 team), which was on the verge of striking a deal for the sponsorship but then decided to back out.

The new sponsor’s debut in 2015 would also coincide with a new TV deal that features the NBC Sports Group. The Group will carry the final 19 NNS races of the season, with 15 of those races on NBCSN and the remaining four on NBC.

Rosberg receives F1 World Championship trophy at FIA gala (VIDEO)

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Nico Rosberg has officially been crowned Formula 1 World Champion after picking up the drivers’ trophy at the end-of-season FIA prize giving gala in Vienna on Friday.

Rosberg won his first world title last weekend in Abu Dhabi, edging out Mercedes teammate Lewis Hamilton by five points in the final standings.

Rosberg dropped a bombshell on Friday by announcing his immediate retirement from F1, just hours before the FIA gala and his coronation as champion.

“Finally I lose that little asterisk next to my name that means not sure yet, it’s finally confirmed,” Rosberg said after receiving the trophy from FIA president Jean Todt.

“Unbelievable. So proud to be here. Thank you very much to the FIA for the special video that got me crying for the 15th time in four days. It’s been a pretty intense period.

“It’s my childhood dream. Emotional for me also when I saw this trophy for the first time today, I had a look where my Dad was. For me that’s one of the most emotional things about this, I managed to achieve what he did 34 years ago. It’s very special.”

Ricciardo: Rosberg has given someone an amazing Christmas present

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Daniel Ricciardo says that Nico Rosberg has given someone “an amazing Christmas present” by announcing his shock retirement from Formula 1 and opening up a seat at Mercedes for the 2017 season.

Ahead of Friday’s FIA prize giving in Vienna, Rosberg announced his retirement from F1 with immediate effect less than a week after winning his first World Championship.

The news sent shockwaves through F1, as well as sparking speculation as to who will replace him at Mercedes, the team that has won every championship in the past three seasons.

Following the FIA gala where he received his trophy for finishing third in the drivers’ championship, Ricciardo spoke about the news in a video posted to his Instagram account.

“We had the FIA gala last night, the end of year awards. It was good, it was really beautiful, but I think the big news was Nico announcing his retirement,” Ricciardo said.

“That was pretty unexpected I guess. He’s given someone an amazing Christmas present, whoever gets that seat, I hope they appreciate what they’re getting.

“But good on him for having the nuts to say that’s enough, he achieved what he wanted. Fair play.”

👋🏼🇦🇹

A video posted by Daniel Ricciardo (@danielricciardo) on

Ecclestone shocked by Rosberg exit, thinks Alonso could move to Mercedes

BAKU, AZERBAIJAN - JUNE 16:  Nico Rosberg of Germany and Mercedes GP and F1 supremo Bernie Ecclestone talk in the Paddock during previews ahead of the European Formula One Grand Prix at Baku City Circuit on June 16, 2016 in Baku, Azerbaijan.  (Photo by Mark Thompson/Getty Images,)
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Bernie Ecclestone was shocked to learn of Formula 1 World Champion Nico Rosberg’s decision to retire with immediate effect, announced on Friday.

Rosberg clinched his first drivers’ title in Abu Dhabi last Sunday, ending Mercedes teammate Lewis Hamilton’s reign as World Champion.

Ahead of the FIA prize giving in Vienna on Friday, Rosberg announced that he would not be defending his title in 2017, retiring from racing with immediate effect.

The racing world has been shellshocked by the news, with F1 CEO Ecclestone revealing that he had no idea that the sport would be without its champion for next season.

“It was just as big a shock to me as you,” Ecclestone told Reuters.

“I had dinner with Toto [Wolff, Mercedes team boss] last night and he obviously couldn’t say anything to me.

“[Rosberg] needs more time to spend his money, that’s all.”

Following Rosberg’s announcement, speculation has been rife regarding a possible replacement at Mercedes for 2017, with names such as Fernando Alonso, Sebastian Vettel and Pascal Wehrlein being linked with the seat.

Ecclestone was open to the idea of Alonso leaving McLaren with one year to spare on his contract, suggesting that the recent management changes could allow the Spaniard to walk away.

“It’s possible I suppose, let’s see,” Ecclestone said.

“They’ve got new management now at McLaren. Maybe he’s fed up being there and they’re fed up having him.”

When asked if Vettel might be an option for Mercedes, Ecclestone said: “I think not. I don’t think Seb would want to be with Lewis.”

2017 will be the first year since 1994 that the defending World Champion has not raced in F1, with Alain Prost retiring at the end of his championship year in 1993.

Strategist shuffle set to take place in Andretti’s 2017 lineup

INDIANAPOLIS, IN - MAY 29:  Alexander Rossi of the United States, driver of the #98 Andretti Herta Autosport Honda Dallara, poses with team owners Michael Andretti and Bryan Herta during a photoshoot after winning the 100th running of the Indianapolis 500 at Indianapolis Motorspeedway on May 30, 2016 in Indianapolis, Indiana.  (Photo by Jamie Squire/Getty Images)
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With the four-car lineup confirmed for Andretti Autosport’s Verizon IndyCar Series program following Takuma Sato’s official announcement, attention turns to the personnel fielding those cars.

With the signings of Eric Bretzman and Jeremy Milless to bolster the overall engineering side of the team, and with Milless replacing the departed Tom German as Alexander Rossi’s race engineer, there’s also a strategist shuffle that appears set to take part.

Although team principal Michael Andretti stopped short of formally confirming he’ll step off the box for son Marco in his No. 27 hhgregg Honda next year, he said barring any unexpected changes that’s what’s going to happen.

Since Andretti Autosport has multiple race programs in other series – the team has won the last two Red Bull Global Rallycross titles with Volkswagen, then has a two-car FIA Formula E and at least three, possibly four-car Indy Lights Presented by Cooper Tires effort – Andretti said he needs to be available to miss IndyCar weekends occasionally if there’s conflicts.

“It hasn’t been 100 percent confirmed, but it looks like it’s going that way,” Andretti told NBC Sports.

“It’s been a real challenge being a strategist and team owner; not only being a team owner in other series, but it never gave me the flexibility to miss an IndyCar race. There were a couple times where I couldn’t get to other events. It’s important for the overall team.”

As a case in point even though this isn’t directly IndyCar-related, the FIA Formula E new season opener was in Hong Kong the weekend of October 8-9, while the Red Bull GRC season finale was in Los Angeles the same weekend.

Andretti opted to be in LA there to watch Scott Speed edge Tanner Foust for his second straight Red Bull GRC program, while JF Thormann was Andretti’s lead team representative in Hong Kong at FE. Andretti expects to attend the next FE round in Buenos Aires, which isn’t until February 18, 2017.

With FE’s season shifting into the spring and summer of 2017, there are several IndyCar/FE conflicts. Red Bull GRC is yet to release its 2017 calendar.

Anyway, with Andretti set to step off the strategist box, he all but indicated Bryan Herta will move over to Marco Andretti’s car, and that Rob Edwards (director of race operations and engineering) would move to Rossi’s No. 98 car. Edwards was on the No. 26 car for Carlos Munoz this year, and his departure there, if it’s confirmed, would leave a vacancy on the No. 26 box for Takuma Sato.

“I love having Bryan on board,” Michael Andretti said. “Having him there, if it works out that way, is that he and Marco are very close. It’d be really positive. I know Bryan would be up for the challenge in trying to improve that side.

“If that happens… then where we’re leaning is that it could be Rob on Rossi. That’d be good. Rossi would seem to be happy.”

Andretti said one of the challenges in being a strategist is that it’s one of the most important positions on a race weekend, and being split between strategist and team owner roles causes something of a loss of focus.

The rise of Graham Rahal and Rahal Letterman Lanigan Racing the last two years can be attributed to multiple things, including the fact Rahal’s dad Bobby Rahal stepped off the box in 2015 and let Ricardo Nault take over in that role.

“What would I miss about it? Not a lot, quite honestly!” Andretti admitted.

“It wasn’t my favorite thing to do. But I think, because of my experience, you can feel and see a race. Unfortunately there’s not a lot of guys out there that do that. We’re grooming guys to be in that place.”

Andretti did hail the immediate input Milless and Bretzman are having on the overall program. The team’s best road course performance of the year came at the Sonoma season finale in September, and it appears strides are following from there.

“It’s been great. I’m so excited and bullish on next year,” Andretti said. “In our first test with them, we’ve seen big results. There’s a lot more to come. I truly feel we’ll be a lot more competitive.

“We think we’re onto some things. We were onto some things going into Sonoma… and that wasn’t by mistake. We had found some things. We had the sense of where we needed to go. Getting these two in there, backed up where we were going, so that was a positive. I feel good about it.”