Before you go all Newt Gingrich on us, allow us to explain that NASA is an acronym for the National Auto Sport Association. With that of the way, we can now tell you that Nissan and NASA have just announced the creation of an all-new Spec Z racing series for all trim variants of the 350Z from the 2003-2008 model years.

The single make series has the support of Nissan’s Motorsports division, which will offer a contingency prize program that rewards the top three finishers at each regional competition weekend with up to $850. The top finishers of the season will also be eligible for a prize of up to $6,500 in cash support.

In addition, BF Goodrich, which provides the tires for the racing series, has also created its own contingency prize program.

Nissan stated that it is talking to other sponsors as well and will announce more details shortly.

“We are very excited about Spec Z,” said Jeremy Croiset, NASA Sponsorship Manager.

“We have been working closely with Nissan Motorsports on the creation of Spec Z, and it will be an excellent series for anyone looking to step into a spec vehicle that’s fast and relatively inexpensive to build, maintain and race. With the fantastic contingency prize programs that are being provided for Spec Z, you’ll be hard-pressed to find a more rewarding spec series to race in.”