NASCAR teams have hired one of the country’s top antitrust and sports lawyers to advise them in their ongoing dispute with the family-owned stock car series over a new revenue-sharing model.
A group of drivers led by Austin Dillon runs laps during a practice session for the NASCAR Daytona 500 auto race at Daytona International Speedway, Friday, Feb. 16, 2024, in Daytona Beach, Fla. Joey Logano and Austin Cindric, top left, lead the field to start the first of two Daytona 500 qualifying auto races at Daytona International Speedway, Thursday, Feb. 15, 2024, in Daytona Beach, Fla.
The current charter agreement expires at the end of this season, and two years of talks were stalled by NASCAR’s ongoing negotiations onannounced in early December. NASCAR’s economic offer to the teams came shortly after but with zero room for the teams to counter.
The negotiating team said it couldn’t even come to a resolution in which charters would last seven years but could be revokable by NASCAR based on failing to meet competitive standards. NASCAR has apparently stopped negotiating with the committee and is instead trying to speak to teams individually. It has left the five-member executive board representing the race teams entering negotiating meetings with the ability to reach an agreement on behalf of the chartered race teams; the negotiating committee believes France’s absence from the meetings undermines what could actually get accomplished during the session.
As NASCAR continues to move into legal gambling, the teams don’t want to be cut out of any potential profits. A more recent example is a collaboration announced at the start of the month betweenin which five-pack charms are sold separately. But the charms are all licensed specifically for NASCAR — there are no individual team or driver charms, and thus no kickback to the teams.
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