Is Chad Reed getting paid??

simo
Profile picture for user simo
Posts
84
Joined
6/22/2008
Location
AU
simo
Edited Date/Time 1/26/2012 1:05am
With reedy having his own team etc and the biggest sponser seeming to be BelRay , does he have any chance of making decent money this year?
Alot of factory guys finish way lower than he does and they are getting PAID to race.
Wouldn't he have been better off taking less money than he wanted to at least be on a team and get paid instead of paying for everything himself - when their is no money coming in?


Anyone actually know how this works?
|
flarider
Profile picture for user flarider
Posts
25496
Joined
4/1/2008
Location
Daytona Beach, FL, USA
flarider 1/31/2011 5:38pm
1/31/2011 5:38pm
It's a business, he is the product
His sponsors pay "his business"
and if there is enough money, "his business," pay him a salary.
Just as they pay their staff, Chad is an employer-employee...aka self-employed
I am sure Chad gets the usual, if not an enhanced, bonus from Honda, as well as from all of his other sponsors.
Keep in mind also, typically one of the largest financial sponsors to a team is the gear company.
86honda
Profile picture for user 86honda
Posts
908
Joined
12/23/2008
Location
Sickofit, AR, USA
86honda 1/31/2011 5:44pm
1/31/2011 5:44pm
the reason he is an idependent is
1. he can
2.his wife said he could
3. he is a great rider
4. $$$$$$$$
5. he got a late start getting a deal
6. mo money
7. Auusie sx is paying his way
8. championship money from mx.
9. who cares
10. he Chad Reed for petes sake.
jmar
Profile picture for user jmar
Posts
14154
Joined
2/11/2007
Location
Oklahoma City, OK, USA
jmar 1/31/2011 5:45pm
1/31/2011 5:45pm
flarider wrote:
It's a business, he is the product His sponsors pay "his business" and if there is enough money, "his business," pay him a salary. Just as...
It's a business, he is the product
His sponsors pay "his business"
and if there is enough money, "his business," pay him a salary.
Just as they pay their staff, Chad is an employer-employee...aka self-employed
I am sure Chad gets the usual, if not an enhanced, bonus from Honda, as well as from all of his other sponsors.
Keep in mind also, typically one of the largest financial sponsors to a team is the gear company.
Keep in mind also, typically one of the largest financial sponsors to a team is the gear company.

Which Chad is lucky that Shift/Fox also make their beans in sports other than moto.
jmar
Profile picture for user jmar
Posts
14154
Joined
2/11/2007
Location
Oklahoma City, OK, USA
jmar 1/31/2011 5:47pm
1/31/2011 5:47pm
86honda wrote:
the reason he is an idependent is 1. he can 2.his wife said he could 3. he is a great rider 4. $$$$$$$$ 5. he got...
the reason he is an idependent is
1. he can
2.his wife said he could
3. he is a great rider
4. $$$$$$$$
5. he got a late start getting a deal
6. mo money
7. Auusie sx is paying his way
8. championship money from mx.
9. who cares
10. he Chad Reed for petes sake.
Honestly

Chad is taking all the risk on funding his own team. That should gain him some respect with in the moto community.

The Shop

See All »
motoplook
Profile picture for user motoplook
Posts
362
Joined
4/19/2010
Location
KZ
motoplook 1/31/2011 5:49pm
1/31/2011 5:49pm
some of the sponsors money, like the gear, is used to purchase the "insurance" premiums. Chad will make money on the insurance/bets.
SwapperMX
Profile picture for user SwapperMX
Posts
2153
Joined
6/16/2010
Location
AU
SwapperMX 1/31/2011 6:01pm
1/31/2011 6:01pm
motoplook wrote:
some of the sponsors money, like the gear, is used to purchase the "insurance" premiums. Chad will make money on the insurance/bets.
I remember reading that the "insurance" companies would not look at him anymore after he took them to the cleaners when he won the outdoors on a Suzi. Chad, and a couple of other riders were no go zones for these insurance/betting agencies.
mxr300ex
Profile picture for user mxr300ex
Posts
200
Joined
3/14/2010
Location
USA
mxr300ex 1/31/2011 6:22pm
1/31/2011 6:22pm
I dont think Reed gets any money from Honda, I dont even see Honda stickers on his bike.
motogrady
Profile picture for user motogrady
Posts
3931
Joined
1/27/2008
Location
USA
motogrady 1/31/2011 6:34pm
1/31/2011 6:34pm Edited Date/Time 1/31/2011 6:35pm

I would imagine breaking even on this first year would be a good thing.......
does he write himself a check every week?..........I doubt that. I would think
the help get's paid that way, but a guy like him won't know how much he made or
lost till the end of the season.

Self employment, it ain't for eveybody.
Tim507
Profile picture for user Tim507
Posts
3483
Joined
6/8/2010
Location
Oregon City, OR, USA
Tim507 1/31/2011 7:11pm
1/31/2011 7:11pm
I am self employed and trust me (if you choose) Chad is taking a big risk here!!! He has placed the ultimate bet...on his own ability. Sit back and think about if you would do that.
machine
Profile picture for user machine
Posts
6404
Joined
1/5/2011
Location
Collettsville, NC, USA
machine 1/31/2011 7:26pm
1/31/2011 7:26pm
I see chad being in the MX industry in the future as a business owner maybe even a team owner, other than himself now of course.

He's a sharp guy, similar to Albee.
Loose
Profile picture for user Loose
Posts
901
Joined
9/12/2007
Location
Mackay, AU
Loose 1/31/2011 7:32pm
1/31/2011 7:32pm
mxr300ex wrote:
I dont think Reed gets any money from Honda, I dont even see Honda stickers on his bike.
He does
Sherwood
Profile picture for user Sherwood
Posts
3682
Joined
5/12/2010
Location
USA
Sherwood 1/31/2011 7:33pm
1/31/2011 7:33pm
I doubt he's taking a huge lose.
jmar
Profile picture for user jmar
Posts
14154
Joined
2/11/2007
Location
Oklahoma City, OK, USA
jmar 1/31/2011 7:40pm
1/31/2011 7:40pm
Sherwood wrote:
I doubt he's taking a huge lose.
Maybe he is, and maybe he isn't.

If you had ever spent your own money investing in a race team, you would know that its not uncommon for those who promise, along with contractually agreeing to financially support the team, don't alway honor their agreements.

Sherwood
Profile picture for user Sherwood
Posts
3682
Joined
5/12/2010
Location
USA
Sherwood 1/31/2011 7:45pm
1/31/2011 7:45pm
Sherwood wrote:
I doubt he's taking a huge lose.
jmar wrote:
Maybe he is, and maybe he isn't. If you had ever spent your own money investing in a race team, you would know that its not...
Maybe he is, and maybe he isn't.

If you had ever spent your own money investing in a race team, you would know that its not uncommon for those who promise, along with contractually agreeing to financially support the team, don't alway honor their agreements.

I have done it at a much lower level at SX and MX for a bit, and it hurts the wallet. Actually I'd go as far as to say if the Moto community knew what some of these companies do to people they wouldn't care if the sport went up in flames.

But Just from things I've heard here and there it's more other peoples money than it is his. This could be completely wrong though.
Cody24
Profile picture for user Cody24
Posts
779
Joined
11/15/2009
Location
Bend, OR, USA
Cody24 1/31/2011 7:47pm
1/31/2011 7:47pm
Didn't MC make more money on his own than with a factory team?
drmarkr
Profile picture for user drmarkr
Posts
3226
Joined
8/21/2006
Location
Tucson, AZ, USA
drmarkr 1/31/2011 7:49pm
1/31/2011 7:49pm
I'm sure he'll be along in a few minutes to answer these important questions.....after all, this is Vital, and we all deserve to know how much he makes.
Sherwood
Profile picture for user Sherwood
Posts
3682
Joined
5/12/2010
Location
USA
Sherwood 1/31/2011 7:50pm
1/31/2011 7:50pm
drmarkr wrote:
I'm sure he'll be along in a few minutes to answer these important questions.....after all, this is Vital, and we all deserve to know how much...
I'm sure he'll be along in a few minutes to answer these important questions.....after all, this is Vital, and we all deserve to know how much he makes.
They posted how much he makes in a magazine and he confirmed it if people wanted to know anyway.

Whats wrong with discussing something?
gotwings
Profile picture for user gotwings
Posts
849
Joined
7/11/2010
Location
Nor Cal, CA, USA
gotwings 1/31/2011 7:51pm
1/31/2011 7:51pm
I'm sure he has contracts with his sponsors to get big checks when he makes the podium...

Pit Row

See All »
emde76
Profile picture for user emde76
Posts
52
Joined
4/1/2008
Location
Las Vegas, NV, USA
emde76 1/31/2011 8:06pm
1/31/2011 8:06pm
I think that this falls into the "You've got to spend money to make money" category. He's on his own now, and if he can post a Top 5 place this year, he'll secure more for the future. Not sure if the contingencies will cover the checks that he's written to start up, but that all depends on how the season goes.
jmar
Profile picture for user jmar
Posts
14154
Joined
2/11/2007
Location
Oklahoma City, OK, USA
jmar 1/31/2011 8:09pm
1/31/2011 8:09pm
Sherwood wrote:
I doubt he's taking a huge lose.
jmar wrote:
Maybe he is, and maybe he isn't. If you had ever spent your own money investing in a race team, you would know that its not...
Maybe he is, and maybe he isn't.

If you had ever spent your own money investing in a race team, you would know that its not uncommon for those who promise, along with contractually agreeing to financially support the team, don't alway honor their agreements.

Sherwood wrote:
I have done it at a much lower level at SX and MX for a bit, and it hurts the wallet. Actually I'd go as far...
I have done it at a much lower level at SX and MX for a bit, and it hurts the wallet. Actually I'd go as far as to say if the Moto community knew what some of these companies do to people they wouldn't care if the sport went up in flames.

But Just from things I've heard here and there it's more other peoples money than it is his. This could be completely wrong though.
Actually I'd go as far as to say if the Moto community knew what some of these companies do to people they wouldn't care if the sport went up in flames.

That's something you and I can agree on.
jmar
Profile picture for user jmar
Posts
14154
Joined
2/11/2007
Location
Oklahoma City, OK, USA
jmar 1/31/2011 8:11pm
1/31/2011 8:11pm
drmarkr wrote:
I'm sure he'll be along in a few minutes to answer these important questions.....after all, this is Vital, and we all deserve to know how much...
I'm sure he'll be along in a few minutes to answer these important questions.....after all, this is Vital, and we all deserve to know how much he makes.
No telling what user name he is posting under. Sad Laughing

Post a reply to: Is Chad Reed getting paid??