The legendary Wood Brothers Racing team was one of the few losers among NASCAR teams Tuesday. 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 they buildings and equipment owned by each.
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.
A major part of the new agreement is a reduction in the size of fields that race each week. That field has been 43 entries but will now be reduced to 40. There will be 36 charters which will mean there will be four teams per week that will be considered “at large”. Each Charter team owner has a guaranteed entry into the field of every NASCAR Sprint Cup Series points race. Teams who have indicated they will race full time this season, and have competed full time since will receive the first Charters. In all, 36 teams will be guaranteed starting spots this season as holders of a Charter.