Denny Hamlin participated in a meeting on behalf of 23XI Racing in Daytona.
Bubba Wallace and Denny Hamlin, Charlotte May 2022 (Credits: IMAGO)
NASCAR and the teams that hold the 36 full-time charters in the Cup series are involved in a fierce dispute over a revenue-sharing agreement. Negotiations have been ongoing for over two years and, despite the original agreement expiring in 2024, no agreement has been reached.
After the exclusive negotiating period ended, NASCAR began individual discussions with the teams, despite their demands for joint meetings. Recently, the majority owners of the 16 NASCAR Cup teams met at Daytona International Speedway before the Daytona 500 to address this issue. They also announced the hiring of an antitrust specialist lawyer.
Although NASCAR CEO and co-owner Jim France was invited to the meeting, he declined to attend, despite being present at the Daytona 500. This decision was not well received by the team owners, and Denny Hamlin, co-owner of 23XI Racing, expressed his disappointment on his podcast.
Another concern of Hamlin’s is the lack of explanations from NASCAR regarding the rejection of their invitations. The Joe Gibbs Racing driver admitted that the teams are perplexed by NASCAR’s behavior.
It is crucial for the negotiations to be concluded before the mid-season break in 2024 to ensure a smooth transition for the sport. The lack of addressing these issues can lead to a major crisis. NASCAR must listen to the teams’ demands for fair revenue sharing, while the teams need to be more flexible at the negotiating table.
According to the source firstsportz.com
© 2024
