Racing, practice, whatever. I paid cash for the car and have good health insurance
More appropriate update:
Head is salvagable! Not only that but it'll be cheap to fix! $725 max. The machine shop said that they might have some used valves they can use from doing upgrades in the past OR they could just do +1mm valves in the car. I opted to KISS on this one since it's an IX and there's a lot more that can be done to add power before I start throwing extra money into headwork. Should be done mid next week.
Now I just need to grow a set of balls and figure out how to successfully replace the piston in cyl3....it really needs to go.