NASCAR made an historic announcement Tuesday. For the first time in the sport’s history there will be an unprecedented level of cooperation between team owners and those that run and administer NASCAR. The Charter 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.
It’s a system endorsed by NASCAR legend Richard Petty.
“To me, this is the second most important thing that’s ever happened in NASCAR, because now the drivers and owners and stuff now can really work across the aisle,” Petty said Tuesday referring to the most important event in the sport where he won 200 races and seven titles, the formation of NASCAR. “It’s sort of like the democrats and republicans, they’ve been doing their thing, we’ve been doing our thing, meeting in the middle a little bit. We’re getting rid of that. We’re all going to be in the middle of the deal now.”
NASCAR has always treated its drivers and teams as independent contractors.