NASCAR and its Cup Series race teams have unanimously not reached an agreement to extend the charter system beyond 2024, despite ongoing negotiations. The current charter, which provides teams with certain rights and benefits, is set to expire in less than a year. RFK Racing co-owner Brad Keselowski expressed concern over the negotiations, calling them tough but believes they will get done. Similarly, 23XI co-owner Denny Hamlin expressed his wish for an already extended agreement, noting the slow process. As the negotiation period has expired without an extension, teams are now technically free to discuss their rights with other racing series. Sources indicate a deal is likely months away, and both sides are still far apart. However, it is widely expected that an agreement will eventually be reached. NASCAR is open to continuing the charter system post-2025, but there is a possibility that the sanctioning body could seize teams’ charters if no new governing agreement is reached.
From yesterday: Where do NASCAR, teams stand in charter extension talks? 'We're going to figure this out' @NASCARONFOX https://t.co/0Acrz1fg7W
From earlier today: NASCAR heads to Los Angeles with questions about weather and beyond @NASCARONFOX https://t.co/Fhvj9Udh45
From earlier today: Where do NASCAR, teams stand in charter extension talks and what is the extent of the concern? 'We're going to figure this out' @NASCARONFOX https://t.co/0Acrz1fg7W
Charter agreement talks will be among topics of conversation in 2024. @NASCARONFOX https://t.co/0Acrz1fg7W
While @NASCAR is open to continuing the charter system in 2025, the sanctioning body might be able to seize teams’ charters if no new governing agreement is reached. https://t.co/6Ov8zTN3RL
Key deadline passes in continued negotiations between NASCAR and the Cup Series race teams over new financial model, charter system A deal by the end of the year is still way more likely than not but both sides are still far apart https://t.co/VQLR7lsQ0A
News story from @jeff_gluck and I on NASCAR and its teams failing to reach charter extension agreement in negotiating window, per sources. https://t.co/749qyoYTf1
SOURCES: NASCAR and its race teams failed to come to a charter extension agreement before the negotiating window expired. Teams are now free to speak with other parties about their rights, but it’s widely expected a deal will eventually be reached. https://t.co/CP5QdnkO93
The exclusive window for NASCAR’s charter negotiations with teams has expired. More from me and @Jordan_Bianchi: https://t.co/F7dzgMI1qM
In the absence of a formal negotiation window with @NASCAR, and with the current charter expiring in less than a year, Cup Series teams could now technically go shop their rights to other racing series. https://t.co/YnuFfl7zpR
Cup teams have unanimously agreed to let their charter negotiation period with @NASCAR expire without a further extension, per sources, revealing their frustration with the state of talks. 🔲 One of the sources said a deal is likely months away. 🗞: https://t.co/I0eN8biT1q https://t.co/e2m3eAbeYd
23XI co-owner Denny Hamlin, in this interview from a couple weeks ago, says he wished the charter agreement between NASCAR and the team was already extended for 2025 and beyond but the process is slow as negotiations continue. https://t.co/FwF8MViT1a
NASCAR and the teams have yet to extend the charter agreement for 2025 and beyond. Speaking a couple weeks ago, RFK Racing co-owner Brad Keselowski says it would be foolish not to be somewhat concerned and that negotiations are tough but will get done. https://t.co/Cxh5MxiLsf