Report: NASCAR on the Clock to Give New Terms of Charter System to Teams

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WATKINS GLEN, NEW YORK – AUGUST 04: Chase Elliott, driver of the #9 NAPA AUTO PARTS Chevrolet, takes the green flag to start the Monster Energy NASCAR Cup Series Go Bowling at The Glen at Watkins Glen International on August 04, 2019 in Watkins Glen, New York. (Photo by Matt Sullivan/Getty Images)

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

Toby Christie

Toby is the Founder of TobyChristie.com, and Editor-in-Chief of Racing America. Toby is also the co-host of The Final Lap Weekly Podcast. Additionally, he is an award-winning writer, and has followed the sport as a fan since 1993.