MEC Bench Racing - Night Show

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Monster Energy Cup
2017
Huevos
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Huevos 10/14/2017 9:56pm
10/14/2017 9:56pm
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum...

Ask RV how disappointed he was to learn that AFTER he won it.
EZZA 95B
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EZZA 95B 10/14/2017 9:57pm
10/14/2017 9:57pm
ocscottie wrote:
Im out, g'nite bro's. Congrats Marv, can i borrow some cash bro? Cool
Cheers for the threads brother.Wink
EZZA 95B
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EZZA 95B 10/14/2017 9:58pm
10/14/2017 9:58pm
Huevos wrote:
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum... Ask RV how disappointed he...
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum...

Ask RV how disappointed he was to learn that AFTER he won it.
Unsure
Ted722
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Ted722 10/14/2017 9:58pm
10/14/2017 9:58pm
EZZA 95B wrote:
That's a lovely accent you have...Laughing
Ted722 wrote:
Did my spell checker fail me again! Whatever happened, keep laughing!! Cheers!
EZZA 95B wrote:
It's the line from Dumb and Dumber... "New Jersey?" TongueWink
New Jersey? Not a great night for Eli. Not tonight either, but should be a good battle next year between Marv, Eli, and Jason. A competitive Roczen would be icing on the cake!

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Helder
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Helder 10/14/2017 9:59pm
10/14/2017 9:59pm
Huevos wrote:
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum... Ask RV how disappointed he...
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum...

Ask RV how disappointed he was to learn that AFTER he won it.
EZZA 95B wrote:
Unsure
Really? Can we get some more on this?
colintrax
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colintrax 10/14/2017 9:59pm
10/14/2017 9:59pm
Huevos wrote:
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum... Ask RV how disappointed he...
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum...

Ask RV how disappointed he was to learn that AFTER he won it.
Really? That's bullshit.
EZZA 95B
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EZZA 95B 10/14/2017 10:02pm
10/14/2017 10:02pm
Ted722 wrote:
Did my spell checker fail me again! Whatever happened, keep laughing!! Cheers!
EZZA 95B wrote:
It's the line from Dumb and Dumber... "New Jersey?" TongueWink
Ted722 wrote:
New Jersey? Not a great night for Eli. Not tonight either, but should be a good battle next year between Marv, Eli, and Jason. A competitive...
New Jersey? Not a great night for Eli. Not tonight either, but should be a good battle next year between Marv, Eli, and Jason. A competitive Roczen would be icing on the cake!
"That's a lovely accent you have, New Jersey?"

"Austria."

"Austria! Well G'day mate! Let's put another shrimp on the barbie!"


Laughing
Zesiger 112
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Zesiger 112 10/14/2017 10:05pm
10/14/2017 10:05pm
Huevos wrote:
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum... Ask RV how disappointed he...
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum...

Ask RV how disappointed he was to learn that AFTER he won it.
colintrax wrote:
Really? That's bullshit.
Can't be surprised a massive corporation like monster would withhold money and not stand by what's advertised. It's what large corporations are good at.
-MAVERICK-
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-MAVERICK- 10/14/2017 10:12pm
10/14/2017 10:12pm
EZZA 95B wrote:
It's the line from Dumb and Dumber... "New Jersey?" TongueWink
Ted722 wrote:
New Jersey? Not a great night for Eli. Not tonight either, but should be a good battle next year between Marv, Eli, and Jason. A competitive...
New Jersey? Not a great night for Eli. Not tonight either, but should be a good battle next year between Marv, Eli, and Jason. A competitive Roczen would be icing on the cake!
EZZA 95B wrote:
"That's a lovely accent you have, New Jersey?"

"Austria."

"Austria! Well G'day mate! Let's put another shrimp on the barbie!"


Laughing
Let's not!

Love that movie.
kzizok
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kzizok 10/14/2017 10:18pm
10/14/2017 10:18pm Edited Date/Time 10/14/2017 10:21pm
Huevos wrote:
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum... Ask RV how disappointed he...
Pretty sure the $1M payout is either $50k a year for 20 years or an option to take $250k lump sum...

Ask RV how disappointed he was to learn that AFTER he won it.
colintrax wrote:
Really? That's bullshit.
Zesiger 112 wrote:
Can't be surprised a massive corporation like monster would withhold money and not stand by what's advertised. It's what large corporations are good at.
Pretty much how all big pay outs work (not every single instance). Been that way for a long time.
Helder
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Helder 10/14/2017 10:26pm
10/14/2017 10:26pm
I wouldn’t leave the venue without that cash
calcoast
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calcoast 10/14/2017 10:28pm
10/14/2017 10:28pm
I thought Monster takes out an insurance policy on the million. Since someone won the insurance company pays out.
EZZA 95B
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EZZA 95B 10/14/2017 10:29pm
10/14/2017 10:29pm
colintrax wrote:
Really? That's bullshit.
Zesiger 112 wrote:
Can't be surprised a massive corporation like monster would withhold money and not stand by what's advertised. It's what large corporations are good at.
kzizok wrote:
Pretty much how all big pay outs work (not every single instance). Been that way for a long time.
Isn't it a tax thing?
ocscottie
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ocscottie 10/14/2017 10:42pm
10/14/2017 10:42pm
kongols wrote:
Hey, Eddy! Where have you been?!
No shit!! Not a word in months. Hope all is well bro.

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NorCal 50+
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NorCal 50+ 10/14/2017 10:45pm
10/14/2017 10:45pm
The depreciation on that amount of money over 20 years would seem to render the award amount meaningless, if that is really the case.
kzizok
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kzizok 10/14/2017 10:48pm
10/14/2017 10:48pm Edited Date/Time 10/14/2017 10:54pm
Zesiger 112 wrote:
Can't be surprised a massive corporation like monster would withhold money and not stand by what's advertised. It's what large corporations are good at.
kzizok wrote:
Pretty much how all big pay outs work (not every single instance). Been that way for a long time.
EZZA 95B wrote:
Isn't it a tax thing?
Taxes are involved but its a design that puts the payout companies with the possibility of not having to pay out all of the money. If a winner is desperate, they may be willing to take less in a lump sum. Also, there is the possibility that the long term payout ends, for various reasons, and they didnt have to pay the full amount either. At the end of the day, its a take it or leave it opportunity that is still better than not winning it at all.
colintrax
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colintrax 10/14/2017 10:55pm
10/14/2017 10:55pm
kzizok wrote:
Pretty much how all big pay outs work (not every single instance). Been that way for a long time.
EZZA 95B wrote:
Isn't it a tax thing?
kzizok wrote:
Taxes are involved but its a design that puts the payout companies with the possibility of not having to pay out all of the money. If...
Taxes are involved but its a design that puts the payout companies with the possibility of not having to pay out all of the money. If a winner is desperate, they may be willing to take less in a lump sum. Also, there is the possibility that the long term payout ends, for various reasons, and they didnt have to pay the full amount either. At the end of the day, its a take it or leave it opportunity that is still better than not winning it at all.
It's not a million dollars in any fashion. Even if you take the payments, the payments have less "value" every year as inflation increases. 50K hardly buys a new truck now. Whatdya think 50K will buy in 20 years?
kzizok
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kzizok 10/14/2017 11:08pm
10/14/2017 11:08pm
colintrax wrote:
It's not a million dollars in any fashion. Even if you take the payments, the payments have less "value" every year as inflation increases. 50K hardly...
It's not a million dollars in any fashion. Even if you take the payments, the payments have less "value" every year as inflation increases. 50K hardly buys a new truck now. Whatdya think 50K will buy in 20 years?
Im agreeing with you. Bean counters, counting beans.

FWIW, my understanding is you get to claim the monthly payments as income, for how ever long, which could help with credit purchasing power.
colintrax
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colintrax 10/14/2017 11:15pm
10/14/2017 11:15pm
kzizok wrote:
Im agreeing with you. Bean counters, counting beans. FWIW, my understanding is you get to claim the monthly payments as income, for how ever long, which...
Im agreeing with you. Bean counters, counting beans.

FWIW, my understanding is you get to claim the monthly payments as income, for how ever long, which could help with credit purchasing power.
Yeah, but a good credit means you're paying interest to have money now.
Don't mean to be argumentative, I just find it frustrating how fucking greedy this sport is. One of the most dangerous sports there is, and these guys get paid shit. The big payout really ain't so big. I understand the state lottery not doing big single payouts, the govt can't afford to drop 50million in a day on the lottery... however monster has the million, it really ain't that much at the end of the day. If my work was giving me a performance bonus, I'd expect it to be paid upfront. Not over the course of decades.
ledger
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ledger 10/14/2017 11:19pm
10/14/2017 11:19pm
Still a good paycheck for a night of racing, and look's good on Marv's resume, plus, he's got Matilda=class act right there.
kzizok
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kzizok 10/14/2017 11:22pm
10/14/2017 11:22pm Edited Date/Time 10/14/2017 11:26pm
^^^^The process, annuity payouts, is pretty uniform across the board, not unique to MX. Im not saying I agree with it. Its just how the process works.


Gukamonster
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Gukamonster 10/14/2017 11:26pm
10/14/2017 11:26pm
Found the info from an old 2011 race report when Villopoto won:

http://racerxonline.com/2011/10/19/observations-monster-energy-cup

RV went 1-1-1, led every single lap of every main event and capped off his incredible year in the best possible way: by winning the one million dollars! He had a choice of a one-time payout of 500K or 50K over 20 years and he took the 20-year option which seems smart because if he blows all his millions on a booze filled debauchery run, he’ll always have the 50K coming in for the next 20.
inthebadboycorner 10/15/2017 2:18am
10/15/2017 2:18am
IMO, as a TV spectator the Split lane start and Joker lane are messy,

It was not easy to focus on or follow the pack / riders around the track,

It was not easy to watch or entertaining for first time viewers in my family, they lost interest after the first Moto..
blusmbl
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blusmbl 10/15/2017 6:09am
10/15/2017 6:09am
kzizok wrote:
^^^^The process, annuity payouts, is pretty uniform across the board, not unique to MX. Im not saying I agree with it. Its just how the process...
^^^^The process, annuity payouts, is pretty uniform across the board, not unique to MX. Im not saying I agree with it. Its just how the process works.


I believe lottery winnings are done in the same manner. Either a reduced lump sum or the original amount spread over a certain number of years.

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