An article by the Sports Business Journal gives new details on what happened in order for NASCAR and race team executives to be able to announce the new Charter System last week.
The process of getting to the system that gives teams financial security and a guaranteed starting spot in a reduced field of 40 cars began in the summer of 2014 when the representatives from the newly formed Race Team Alliance met with lawyers from NASCAR.
A year and a half later, the system was introduced with 36 available charters.
The SBJ article explains some of the concessions each side had to make in order for it to happen.
Says the report:
The article also states that TV revenue distribution will not change with the new system, with racetracks being given 65 percent, 25 percent going to race teams and NASCAR taking the remaining 10 percent.
The entire report, including comments from RTA chairman Rob Kauffman and NASCAR executives, can be read at the Sports Business Journal.