After months of negotiation, NASCAR officially announced its new charter system Tuesday. The system is designed to ensure starting spots in all 36 NASCAR Sprint Cup points paying races and is expected to give team owners equity in the sport beyond the buildings and equipment owned by each.
Team owners represented by the Race Teams Alliance, RTA, and NASCAR have been working to finalize the system since last year. The RTA is headed by Rob Kauffman who recently closed Michael Waltrip Racing and became part owner of Chip Ganassi Racing. The hope was the plan could be in effect prior to the start of the 2016 season. The agreement gives NASCAR Sprint Cup Series Charters to 36 teams. It also establishes a Team Owner Council that will have formal input into decisions, and provides Charter teams with new revenue opportunities including a greater interest in digital operations.
“Today represents a landmark change to the business model of team ownership in NASCAR,” NASCAR chairman CEO Brian France said.
Greg is the author of "The Nuts and Bolts of NASCAR: The Definitive Viewers' Guide to Big-Time Stock Car Auto Racing" and has been published in major publications across the country including the Los Angeles Times, the Cleveland Plain Dealer and the Atlanta Journal-Constitution. He was also a contributor to Chicken Soup for the NASCAR Soul, published in 2010, and the Christmas edition in 2016. He wrote as the NASCAR, Formula 1, Auto Reviews and National Veterans Affairs Examiner for Examiner.com and has appeared on Fox News. He holds a BS degree in communications, a Masters degree in psychology and is currently a PhD candidate majoring in psychology. He is currently the weekend Motorsports Editor for Autoweek.
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