Report: NASCAR Working on New Revenue Terms of Charter System

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.