NASCAR races now have 40 car fields:
CHARLOTTE, N.C. -- NASCAR Chairman & CEO Brian France announced a milestone long-term agreement Tuesday, unveiling a Charter system that is expected to substantially increase team value and sustainability for owners competing in NASCAR's premier series.
"Today represents a landmark change to the business model of team ownership in NASCAR," France said. "The Charter agreements provide nine years of stability for NASCAR and the teams to focus on the growth initiatives together with our track partners, auto manufacturers, drivers and sponsors."
Thirty-six teams have been granted Charters and are guaranteed entry into each of the 36 points events. Standards for obtaining a Charter were based on participation during the past three seasons (from 2013 through July of '15).
Four additional positions in the field each week will be determined through normal qualifying procedures as outlined in the 2016 NASCAR Sprint Cup Series Rule Book.
RELATED: Fast facts about the team owner Charter system
As a result of the changes, fields for Sprint Cup races will now consist of 40 cars.
Charters are transferable, which France said "will aid in the development of long-term enterprise value for Charter members."
Those organizations that have been awarded Charters are: Richard Petty Motorsports (2), Richard Childress Racing (3), Team Penske (2), Hendrick Motorsports (4), Roush Fenway Racing (3), Chip Ganassi Racing with Felix Sabates (2), Joe Gibbs Racing (3), Michael Waltrip Racing (2), Stewart-Haas Racing (3), Furniture Row Racing (1), Front Row Motorsports (2), JTG Daugherty Racing (1), Tommy Baldwin Racing (1), Germain Racing (1), Go FAS Racing (1), BK Racing (2), Premium Motorsports (1), Circle Sport Racing (1) and HScott Motorsports (1).
Three teams that competed full time in 2015 do not currently have Charters -- the No. 19 of Joe Gibbs Racing with driver Carl Edwards, the No. 41 of Stewart-Haas Racing with Kurt Busch and the No. 46 of HScott Motorsports with Michael Annett.
The only way to obtain a Charter would be to purchase one of the existing 36 Charters. Michael Waltrip Racing closed its doors at the end of the 2015 season
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