NASCAR and its premier series teams have agreed to extend their charter renewal negotiations window after the prior one lapsed at the end of December. The racing circuit and teams are attempting to figure out a new governing framework with the main issues needing to be solved including the amount of money being offered by NASCAR, how they‘ll spilt it and whether charters could become permanently owned by teams. At the moment, teams only control the charters through the end of the current nine-year charter agreement that started in 2016 and expires Dec. 31, 2024.

Five people familiar with the matter confirmed that the sides had extended the negotiating window, with two noting through January. The new deal wouldn‘t start until Jan. 1, 2025, but NASCAR may want to avoid having the topic become a distraction once the season begins in February. NASCAR and the Race Team Alliance declined comment.

Sports Business Journal

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