Report: NASCAR on the Clock to Give New Terms of Charter System to Teams
Collective bargaining agreements cause lock outs and strikes in other sports such as the NFL, NHL and MLB. However, through it’s history NASCAR had been setup in a way where strikes and lockouts were impossible.
That is, until the Charter System was installed.
According to a report from Sports Business Journal’s Adam Stern, NASCAR has until November 1 to give teams details of the renewed Charter System. This will dictate whether teams get an increase in league revenue (television money) from 2021 through 2024.
Now, we are a long way away from a strike at this moment, but what if the teams in the Charter System disagree with the new terms?
Things could get quite interesting.
‘@NASCAR must soon deliver the terms of a renewed charter system to teams, who will find out if they will get an increase in league revenue from 2021 through 2024, per sources.
➖ NASCAR has until Nov. 1 of this year to give teams the details.
📰: https://t.co/Wyi05mj2rq pic.twitter.com/j5tHpDS7SO
— Adam Stern (@A_S12) August 5, 2019
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Toby is the Founder, Editor and go-to man for TobyChristie.com. He is the co-host of The Final Lap Weekly Podcast. Additionally, Toby is a NMPA (National Motorsports Press Association) award winning writer, and has followed the sport as a fan since 1993.