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NASCAR team owner says sport should enact a spending cap

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Andrew Murstein, co-owner of Richard Petty Motorsports, says NASCAR team owners need to agree to a spending cap to create a “level playing field’’ in the Cup Series.

“Every single league has a cap now these days, it creates a level playing field,’’ Murstein told NBC Sports. “It’s salaries … its wind-tunnel time, it’s the whole kit and caboodle. It’s better for the fans, I think, if there is a level playing field. No one can outspend the other guy. It’s better for the owners. It creates more competition, more excitement.’’

Murstein’s comments might seem hollow in a season that has seen 10 consecutive different winners heading into Sunday’s Cup race at Watkins Glen International. Nine different teams have won Cup races this year with no organization winning more than four races.

That balance appears to be an anomaly. In nine of the previous 10 seasons, one organization won more than 25 percent of the races each year. Joe Gibbs Racing won 38.9 percent of the races in 2015 — the highest percentage since Hendrick Motorsports won 50 percent of the races in 2007 with Jimmie Johnson, Jeff Gordon, Kyle Busch and Casey Mears.

Murstein, founder and president of Medallion Financial Corp., said he raised his points about a spending cap to NASCAR Chairman Brian France at a dinner last month in New York that included John Tisch, owner of the NFL’s New York Giants.

“(Tisch) was shedding a lot of light on why that league was so successful,” Murstein said, “both from fan interests and from the economics of the sport.’’

Murstein said France appeared open to his ideas “if we came up with some more details.’’

NASCAR has stated that its three most important components are safety, competition and costs. The sanctioning body has created a number of rules, including limits on engines used during a race weekend and tires that teams can purchase for an event to help owners cut costs. For the third consecutive weekend, Cup teams are on track two days instead of three, helping cut a day of travel expenses. Last weekend, owners had to submit votes on potential rule changes intended to help defray costs and balance competition.

Murstein, whose company was involved in the purchase of Richard Petty Motorsports in late 2010, said he would like to see more done toward an overall cap on spending. Such a move would be revolutionary for a sport where owners do not share their financial information and athlete contracts are kept secret.

“I think this sport needs to start coming up with revolutionary concepts, so they have to leave the past in the past and they have start looking to the future,’’ Murstein said.

Because teams are not the same size, there would have different cap amounts. It would be unreasonable to have Richard Petty Motorsports, which is fielding one team this year, have the exact same cap as Joe Gibbs Racing, which fields four cars. Still, proportional caps could be created for each team to help keep costs in line. Murstein suggested independent auditors could monitor the spending.

Should teams spend beyond their limits, Murstein has a plan. A luxury tax.

“Kind of punish the ones that don’t care about spending and that extra money goes into a pool that would help the other owners, and hopefully they would use their money to make their cars more competitive, too,’’ Murstein said.

While Murstein is looking to cut costs, he understands that drivers are underpaid relative to other athletes. As teams struggle to find sponsorship, driver contracts take a hit.

With the new generation of racers, it’s easier for an owner to go with a younger driver, who can cost less, than a veteran. Former champion Matt Kenseth does not have a ride for next year. Stewart-Haas Racing did not pick up the option on former champion Kurt Busch’s contract for next year but tweeted it still expected him to drive for the team next year.

“I do think that even the older drivers, when they come off their contracts, they’re seeing the reality of the sport today and they’re willing to take pay cuts,’’ said Murstein, whose team seeks to renew deals with sponsor Smithfield and driver Aric Almirola. “It’s one sport where there are so few seats. NBA athletes, there’s what 30 teams, about 360 professional athlete. Here you’re talking about 40. It’s probably the hardest sport to be a superstar in.

“I see hockey guys who play a third of the game make $17 million a year. Now you’re talking about (drivers) who are 10th best in the world at what they do getting only salaries of $5 million, so I actually think their salaries are low compared to other sports but the business needs that right now with the sponsorship decline.

“I love the fact of how no other sport has a partner with the athletes where here the athletes get 40 percent of the race winnings. So each race they go into as your partner vs. other sports where they win or lose, it makes no difference at all.

“There are a lot of bright sports in NASCAR, too. I’m just trying, as the new kid on the block, to throw new ideas out there. Some of them will get knocked down right away, which they should because I don’t have the experience that a lot of these other team owners do, but they have to start thinking, in my view, of new and better ways to get the fans interested.’’

Murstein said he understands a cap likely won’t be instituted soon. He admits it could start with more standardized parts for teams.

“I think you probably settle that you’re going to start at parts and pieces but that’s the wrong way to do it, which is probably what will happen,’’ Murstein told NBC Sports. “I think it will happen because it will be the easy one to do. It won’t remove the 800-pound gorilla, which is all the other costs involved and dealing with that. Maybe you tippy-toe into it by starting that way and then eventually you look at the overall spending.

“The sport could even evolve years from now where there’s one manufacturer making all the Toyota cars. That’s the way I actually think it should be. That’s 100 percent the way it should be.’’

For teams that provide chassis to other teams, it seems unlikely they would want to give up a way to make money.

“At some point there’s a tipping point, you have so start looking past … I think you’ve got to point the sport back in the right direction,’’ Murstein said. “It’s a fantastic sport. I go to every other sporting event in the world and none parallel NASCAR, but the direction of it right now needs to be, I think, spun a little bit differently.

“It could happen if the owners get together and I’m sure the ownership of NASCAR would be behind it, so I think it’s more an ownership issue than a NASCAR issue.’’

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Denny Hamlin hopes teams don’t shoot selves in feet with pit guns

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Denny Hamlin is the hottest driver on the Cup circuit. He has two wins – including Saturday night at Bristol – as well as two runner-ups, and a third- and fifth-place finish in the last six races. He’s also moved up to third in the rankings in that string.

But Hamlin isn’t taking anything to chance, particularly some of the smallest details – such as loose lug nuts and wheels.

Hamlin appeared Monday on SiriusXM NASCAR Radio’s “On-Track” show and was asked about how not only his team, but also other Cup teams, can overcome the loose lug nuts and wheels issues.

Hamlin said a significant part of the problem – particularly at a place like Bristol Motor Speedway – is pit guns, which are allocated and issued in a pre-race lottery by NASCAR, rather than have teams use their own guns.

MORE: Denny Hamlin earns hard-fought win over Matt DiBenedetto at Bristol

Hamlin does not like that system and explained why:

“(Bristol) puts probably some of the biggest loads we have on our tires. Truth be told, over the last two years since we’ve had these guns issued to us, they’re not capable of getting all the wheels tight, they really aren’t.

“It’s a lottery whether you get a gun that’s good enough to get ‘em tight. Through JGR, Stewart-Haas and other teams that have documented it, in the spring race there were over 20 loose wheels. This is not just a team thing. It’s just that the equipment is not quite up to par as far as what it’s capable of.

“We keep track of all the guns and how good they are and how bad they are. It’s a lottery system of whether you’re going to get (a good or bad one). It doesn’t matter how fast you go, you can hold the gun on there and it’s just not going to get the torque quite tight enough.”

Hamlin experienced a loose wheel that forced him to pit under green on Lap 186 of Saturday night’s race at Bristol, leaving him two laps behind the leaders. Hamlin had another loose wheel on Lap 374 and pitted while running 10th.

Thus far this season, in addition to several loose wheels in races, Hamlin’s team has also been penalized four times for loose lug nuts after races: Fontana, Bristol spring race, Chicagoland and the July race at Pocono.

This isn’t the first time Hamlin has publicly complained about pit guns and loose lug nuts and wheels.

NBC Sports has reached out to NASCAR for comment.

Check out what Hamlin said about that after Saturday night’s race in the video above (Hamlin talks about this issue starting around the 6:00 mark).

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Preliminary entry lists for Xfinity, Trucks this weekend

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While the NASCAR Cup Series will be off this weekend, that doesn’t mean there won’t be any racing.

On the contrary, the Xfinity Series will be racing Saturday at Road America and the Truck Series will compete Sunday at Canadian Tire Motorsport Park.

Here are the entry lists for both series:

Xfinity – CTECH Manufacturing 180 (3 p.m. ET on NBCSN)

There are 39 cars entered.

Regan Smith will be in the No. 8 J.R. Motorsports Chevrolet.

A.J. Allmendinger will drive the No. 10 Kaulig Racing Chevrolet.

Saturday’s Cup runner-up, Matt DiBenedetto, will drive the No. 18 Joe Gibbs Racing Toyota.

There is no driver listed yet for the No. 117 Rick Ware Racing Chevrolet.

Click here for the entry list.

Trucks – Chevrolet Silverado 250 (2:30 p.m. ET FS1)

There are only 28 Trucks listed for the entry list.

All seats are filled.

Click here for the entry list.

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Dale Earnhardt Jr. thanks all who have ‘lifted us up’ since plane crash

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Dale Earnhardt Jr. issued his first public comments Monday since he and his family survived a plane crash last Thursday afternoon at Elizabethton (Tennessee) Municipal Airport.

Earnhardt offered thanks to “everyone who has lifted us up with phone calls, messages and prayer since last Thursday. We are truly blessed that all on board escaped with no serious injuries, including our daughter, our two pilots and our dog Gus.”

Earnhardt also thanked the pilots, emergency personnel, law enforcement and hospital staff.

He stated that wife “Amy and I continue to be very appreciative of the privacy extended to us to process everything. It has been important to do that together and on our own time.”

Earnhardt stated that because of the ongoing investigation “we will not be speculating or discussing the cause of the accident.”

A preliminary report from the National Transportation Safety Board is expected this week. Ralph Hicks, a senior investigator for the NTSB said in a briefing last Friday that “the airplane basically bounced at least twice before coming down hard on the right wing landing gear. You can actually see the right wing landing gear collapsing on the video (from nearby buildings). The airplane continued down the runway, off to the end, through a fence and came to a stop … on highway 91.”

Both pilots have been interviewed and Hicks stated that what they said was “very consistent” with what the video showed. Hicks also said investigators had talked to the Earnhardt family.

NASCAR America 6-7 p.m. ET on NBCSN: Recapping Hamlin’s Bristol win

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Today’s episode of NASCAR America airs on NBCSN at a special time, from 6-7 p.m. ET, and will recap Denny Hamlin’s win at Bristol.

Steve Letarte will be joined by NASCAR Hall of Famer Dale Jarrett and A.J. Allmendinger to discuss Hamlin’s win and other storylines.

If you can’t catch today’s show on TV, watch online at http:/nascarstream.nbcsports.com. If you plan to stream the show on your laptop or portable device, be sure to have your username and password from your cable/satellite/telco provider handy so your subscription can be verified.

Once you enter that information, you’ll have access to the stream.

Click here for the special start time at 6 p.m. ET to watch live via the stream.