The sanctioning body and the race teams remain 'very far apart' after NASCAR rejects a revenue-sharing proposal offered by those representing the Cup Series teams:
The seven-point proposal – which the group declined to discuss in detail – was offered up in anticipation of the upcoming expiration of current Cup Series charters and NASCAR’s current TV deal, which both end at the conclusion of the 2024 season.
“We feel if we do package the rights and we’re all on board understanding where costs are at, where revenue is at, where the rights are at, we think that’s way more attractive for to go into negotiations and say, ‘We have this as a done deal with the teams, all 36 charters, all 16 teams,’ ” he said.
A NASCAR spokesman said Friday NASCAR has had individual meetings with each Cup Series team over the past week or so and “not received a single comment or feedback from any of them” on NASCAR’s proposal.In any event, the negotiating team said it is not looking to change the business model “tomorrow.”
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