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Jimmie Johnson: Cup house owners stay ‘unified’ in searching for new monetary plan with NASCAR

The 2025 Cup season is about 10 months away and no agreement has been reached on extending the charter system, but Jimmie Johnson says that team owners remain a “unified group.” NASCAR’s charter agreement — instituted in 2016 and guaranteeing teams certain financial payments — expires after this season. Teams seek to make charters permanent.

Jimmie Johnson: Cup house owners stay ‘unified’ in searching for new monetary plan with NASCAR

The 2025 Cup season is about 10 months away and no settlement has been reached on extending the constitution system, however Jimmie Johnson says that workforce house owners stay a “unified group.”

NASCAR’s constitution settlement — instituted in 2016 and guaranteeing groups sure monetary funds — expires after this season. Groups search to make charters everlasting.

NASCAR Cup Series Autotrader EchoPark Automotive 400

NASCAR Cup Collection Autotrader EchoPark Automotive 400

How to watch Sunday Cup race at Texas: Start time, weather and TV info

Texas Motor Speedway’s race moved to the spring for the 2024 season.

Groups additionally search extra income with a brand new media rights deal starting subsequent season. Underneath the present mannequin, tracks get 65% of the media rights cash, groups get 25% and NASCAR receives 10%.

Cup workforce executives said in October 2022 that the current economic model was “broken.” Jeff Gordon, vice chairman of Hendrick Motorsports and a member of the negotiating committee for workforce house owners, talked in February about “frustrations” with not having a deal done though he remained optimistic it could occur.

NASCAR President Steve Phelps told NBC Sports in March that “we’ve got some things to close the gap. The hole is just not a chasm. It’s only a hole. I feel there are some issues that each side wish to see as half what an extension would seem like.”

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NASCAR: Cup Practice & Qualifying

NASCAR: Cup Apply & Qualifying

Good news, bad news for NASCAR Cup teams ahead of Texas weekend

The Cup Collection races Sunday afternoon on the 1.5-mile speedway.

Johnson, co-owner of Legacy Motor Membership, met with the media Saturday morning at Texas Motor Speedway and was requested about the place issues stood between workforce house owners and NASCAR.

“I feel it’s going to come back all the way down to deep within the yr … Proper now it’s nonetheless posturing,” Johnson mentioned. “I do know we really feel just like the clock is ticking, however when you have a look at how a lot time is left, we’re simply entering into the eighth inning, possibly ninth inning of what actually must occur in negotiations for all events.”

Requested if the principle concern is cash or one thing else, Johnson mentioned: “To steal a Mr. (Rick) Hendrick line, ‘It’s not in regards to the cash till it’s in regards to the cash.’ In the end, there are protections, I feel, that workforce house owners are searching for for longevity that completely shore issues up for them financially.

“Positive, there are discussions round monies that come on the entrance facet by the TV partnership which might be essential. , it’s been attention-grabbing to look at. That is my first time actually on this world as a workforce proprietor, and I’ve completed much more listening than I’ve speaking and letting the professionals actually … do their job.

“However what’s finally been most spectacular to me is simply how the workforce possession group has caught collectively. I feel we’re lots stronger as a unified group, listening to a constant message. That’s one thing that’s been harder for house owners previously, however the possession group has been very dedicated to that and I feel that’s been very helpful.”

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