Answers to questions about NASCAR charters

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Questions and answers about the new ownership model that NASCAR unveiled Tuesday.

What is a charter?

A team with a charter is guaranteed a spot in every Sprint Cup points race and a significant portion of annual revenue. Unlike the qualifying system used since NASCAR’s inception 67 years ago, there will be 36 cars guaranteed slots in every points race. Only four slots will be up for grabs each week, and those will be competing for a lesser share of the purse.

How many cars will be chartered and what is the size of the field?

There are 36 charters in a 40-car field (three fewer entries than previously).

Why is a charter valuable?

Because it will guarantee more money through a four-pronged determinant of revenue streams: increased share of the race purse (divvied among 40 cars instead of 43), historical performance (a better team is awarded more money), a fixed distribution for chartered teams and a higher distribution from the season-ending points fund. Essentially, instead of teams being rewarded based on performance-based purses, the balance will shift to teams being rewarded for full-time participation.

How much money are teams guaranteed?

There weren’t many numbers provided, but the money probably is in the range of at least the low seven figures annually.

Is there a minimum requirement for maintaining a charter?

Though NASCAR didn’t clarify, teams must “remain in good standing” to keep a charter, probably via a minimum average finish or accumulated points to eliminate the possibility of a team becoming a start and park.

What are the qualifications for receiving a charter?

All of the 36 chartered teams have been competing full time since the beginning of the 2013 season.

What teams would meet those qualifications?

Hendrick Motorsports (4): No. 5, No. 24, No. 48, No. 88.

Joe Gibbs Racing (3): No. 11, No. 18, No. 20.

Roush Fenway Racing (3): No. 6, No. 16, No. 17.

Richard Childress Racing (3): No. 3 (previously No. 29), No. 27, No. 31.

Stewart-Haas Racing (3): No. 4 (previously No. 39), No. 10, No. 14.

Team Penske (2): No. 2, No. 22.

Michael Waltrip Racing (2): No. 15, No. 55 (both teams defunct for 2016; charters likely to be transferred)

Chip Ganassi Racing (2): No. 1, No. 42.

Richard Petty Motorsports (2): No. 43, No. 44 (previously No. 9).

BK Racing (2): No. 23, No. 83

Front Row Motorsports (2): No. 34, No. 38

JTG Daugherty Racing (1): No. 47

Germain Racing (1): No. 13

Furniture Row Racing (1): No. 78

HScott Motorsports (1): No. 15 (previously now 51)

Tommy Baldwin Racing (1): No. 7

Premium Motorsports (1): No. 62 (previously No. 36)

Go Fas Racing (1): No. 32

Circle Sport Racing: (1): No. 95 (previously No. 33 but has merged with Leavine Family Racing)

Can teams transfer charters to one another or outside investors?

Yes. And some will change hands before the Daytona 500. Stewart-Haas Racing (No. 41 of Kurt Busch) and Joe Gibbs Racing (No. 19 of Carl Edwards) both need them, and HScott Motorsports apparently is leasing a charter for a second team (which is allowed in a one-year arrangement).

Who has charters to sell?

Race Team Alliance chairman Rob Kauffman is the owner of defunct Michael Waltrip Racing’s two charters, which likely will be transferred to SHR and JGR. There are a few other teams (Premium Motorsports, Go Fas Racing) that might consider deals.

Who needs a charter?

The No. 21 Ford of Wood Brothers Racing is planning to run full time but doesn’t have a charter because it has been part time for several years. Rookie Ryan Blaney probably won’t be worried about failing to qualify for races, though, because there aren’t expected to be many teams vying for the four non-chartered spots.

What is the length of the charter deal? 

Nine years (five, plus a four-year option). Concurrent with the years remaining on NASCAR’s contracts with Fox and NBC Sports.

What is the going price of a charter that is transferred?

That will be determined by the market, but Kauffman estimated the going rate initially would be in the “single-digit millions.” The value lies in the amount of guaranteed revenue over the course of nine years and an assured spot in every Sprint Cup race.

Will chartered teams have a bigger say in NASCAR decision-making?

Yes, though it’s somewhat nebulous precisely how much sway NASCAR will allow. Each of the 36 chartered teams will be on a “Team Owner Council that will have formal input into decisions.” Though teams say they still want NASCAR to run the show, they will be included on long-term strategic planning, such as rules changes and marketing.

Winners and losers from Las Vegas

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WINNERS

Paul Wolfe — Great call to have Joey Logano not pit before the final restart. Of course it helped that six other cars stayed out. Still, the top two cars came down pit road and Logano, running third, stayed out and won.

Matt DiBenedettoFinishes second in his second race with the Wood Brothers.

Jimmie JohnsonScored his first top-five finish since last summer’s Daytona race.

Bubba Wallace Decision not to pit allowed him to finish sixth, giving him his best Cup finish on a 1.5-mile track.

LOSERS

Todd Gordon and Greg Ives— For every high, there is a low. Gordon apologized on the radio to Ryan Blaney for calling him to pit road while leading before the final restart. Blaney finished 11th. Ives called Bowman to pit road while running second before the final restart. Bowman finished 13th. Ives tweeted that he was “VERY frustrated with my call at the end not to game on old tires, especially in Vegas.”

19 pit crew — Martin Truex Jr.’s pit crew got him into the lead under caution after Stage 2 but he had to return to pit under that caution to tighten loose lug nuts. Said Truex after the race: “We just need to quit having mistakes on pit road.”

William ByronLined up second on the final restart but contact with Matt DiBenedetto led to a tire rub and Byron falling back before he was involved in the crash that ended race. He finished 22nd.

Ross Chastain says his finish ‘unacceptable’ in place of Newman

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He scored a 10th-place finish in the first stage and ran as high as fifth Sunday in a car he never raced before.

Ross Chastain still had a harsh evaluation of his 27th-place finish at Las Vegas Motor Speedway in the No. 6 Ford, which he drove in place of an injured Ryan Newman.

Chastain finished two laps down after causing the final caution on a Lap 262 spin, which he judged “unacceptable,” along with his restart performance (“guys kind of ate me alive”) as a substitute for Roush Fenway Racing.

“It’s hard to get out of the car after you have a top-10 car, and you go and run into people and pick the wrong lanes on restarts and then spin it out at the end,” Chastain said. “That’s pretty silly. Just a lot of mistakes on my end and then at the end just overdriving and for one position to be the first car a lap down. That’s unacceptable.”

Chastain had an average running position of 16.87 over the 400-mile race, which went south after he pitted under green from 15th on Lap 217 of 267. The yellow flag flew five laps later, and Chastain took a wavearound to restart 21st.

(Photo by Will Lester/Icon Sportswire via Getty Images)

On the restart, he made contact with Kurt Busch and pitted under green to fix a tire rub, which left him a lap down when he spun with five laps remaining.

“There were a lot of small mistakes on my end, but I learned a ton,” he said. “The car deserved a lot better finish.  Obviously, we showed that early and I just didn’t have great restarts. I just have to be better.

“RFR and everybody puts so much into these cars, and ultimately I’m the one holding the wheel.  We had such a good first stage and had so much confidence and from there I just started making mistakes.”

Chastain, who finished 10th in Sunday night’s rain-delayed Xfinity race, will be driving the No. 6 for Roush while Newman recovers from his Daytona 500 crash. In a statement from the team Sunday morning, Newman indicated he plans to drive again this season, but no timetable has been provided for his return.

Chase Briscoe wins rain-delayed Xfinity race in Las Vegas

Chase Briscoe
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Chase Briscoe won Sunday’s rain-delayed Xfinity Series race at Las Vegas Motor Speedway, beating fellow Ford driver Austin Cindric by almost three seconds to claim his third career Xfinity win.

The Stewart-Haas Racing driver led 89 laps in the race, which began late Saturday afternoon but was red flagged on Lap 51 due to rain.

Briscoe and Cindric were the only Ford drivers in the field.

Ryan Sieg placed third to earn his sixth career top-five finish and his first on a 1.5-mile track.

The top five was completed by Daytona winner Noah Gragson and Harrison Burton.

“That was really a team win,” Briscoe told Fox Sports. “We were really good, then as soon as the sun went down when we were in dirty air, we just weren’t really good. In clean air, obviously there at the end we were really good. … This is something I feel we can do all year long.”

STAGE 1 WINNER: Chase Briscoe

STAGE 2 WINNER: Justin Allgaier

More: Click here for race results.

More: Click here for the point standings.

WHAT’S NEXT: Production Alliance Group 300 at Auto Club Speedway at 4 p.m. ET Feb. 29 on FS1.

Chevy drivers positive about new Camaro body after Las Vegas

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Positive reviews are in from a few Chevrolet Cup drivers after their first race on an intermediate track with the updated Camaro ZL1 1LE body, which was introduced this year in an effort to improve the manufacturer’s performance after two lackluster seasons.

Those reviews are backed by the final results for Sunday’s race at Las Vegas Motor Speedway.

After the chaos created by a last-lap crash, six Chevrolets finished in the top 10. They were led by Ricky Stenhouse Jr., Austin Dillon and Jimmie Johnson placing in the top five.

That followed Chase Elliott leading 70 laps and winning both stages before his one-car incident in the middle of the final stage.

In last year’s spring race on the 1.5-mile track, only two Chevys – Kurt Busch (fifth) and Elliott (ninth) – finished in the top 10. Three Chevy drivers combined to lead 23 of the race’s 267 laps.

“We’re trying to just understand this new Camaro body and the setup that needs to go with it,” said Johnson. “We’re close, but there’s still a little bit more work for us to do on our car to get the balance between the clean air and the traffic closer. But for the first try on a downforce track, the guys did a really nice job.”

Johnson earned his first top five since last July’s race at Daytona. He placed 19th in this race last year.

“It’s really rewarding to see,” Johnson said. “Last year when we left here, we had quite the opposite feeling and were pretty worried about what the year was going to hold for us. So, it’s really nice to have that change of perspective now. There’s a lot of Chevys up front, one of our Hendrick cars led for a while. So, we’re going the right way.”

Johnson’s teammate, Alex Bowman, was running in second when the final caution came out inside 10 laps to go. After his team chose to pit, Bowman placed 13th.

“This new Camaro, for its first time on a downforce track, I’m just really pleased with it so far,” Bowman said. “I think it’s going to be really good for us. Obviously, I’m bummed out to finish 13th after staring at a second place or a win. But it’s part of it; it’s how racing goes. We win as a team and lose as a team. It just didn’t go our way there at the end.”

Last year, Chevrolet only earned seven wins, with two coming on 1.5-mile tracks. Bowman claimed one of those at Chicagoland Speedway.

Added Bowman: “Compared to how we started the last two seasons, I think we’ve got something for them this year.”

One Chevrolet driver said it was “still early” for assessing the new bodies.

“I think the Hendrick cars were really good,” said Chip Ganassi Racing’s Kyle Larson, who placed ninth. “I felt about the same as last year. So, we just have to continue to get better.”