Denny Hamlin is upset with NASCAR charter negotiations and plans to terminate events if a new agreement is not reached.

Denny Hamlin is dissatisfied with NASCAR charter negotiations and suggests that teams may boycott races if no new agreement is reached.

Denny Hamlin stated on “The Dale Jr. Download” this week that he has “reached the point of frustration that it’s boiling over” in negotiations between the teams and NASCAR for a new charter agreement.

The present arrangement expires at the conclusion of the season, and Hamlin stated that it is time for teams to receive a “correct sharing of revenue.” The current economic model distributes broadcast money as follows: 25% to teams, 65% to tracks, and 10% to NASCAR. According to Matt Weaver of Sportsnaut, the three parties are now working on a new arrangement that will begin in 2025 and hope to give them at least half of the revenue generated by TV.

NASCAR notably announced $7.7 billion in media rights deals with FOX Sports, NBC, Warner Bros. Discovery and Amazon for 2025-2031.

“Obviously, a correct sharing of the revenue is one that is big right now,” Hamlin said, via SpeedFreaks. “There is three stakeholders in this sport: The tracks, the teams and NASCAR. To be quite honest, two of those stakeholders make nine-figure profits a year. And one stakeholder loses seven-figure profits per year. So, there’s clearly a disconnect. And I wish that the fans were more informed of how offset this deal is and unfair it is to the teams. That’s an issue. We’ve asked to have a sharing of any future revenue, so we’re not gonna dig in anyone’s pockets from NASCAR from anything that they’ve made or established in the past. Anything from this point forward, we’ve asked for a third of that and they’ve adamantly said no.

“We’re willing to give up extra privileges in order to accomplish that. They have said no. And then there’s governance, which is a set of safeguards that clubs require in the event of an ownership transfer. There are several key pillars. And this is the first time I’m expressing it publicly because I believe we’ve reached a boiling point that must be addressed. Certainly, we’re dealing with one person who refuses to come out publicly and tell his story about why he won’t deliver these things to the teams that have invested extensively in putting the program on each and every week.”

Denny Hamlin disputes recent charter agreement reports from NASCAR.

So, how close are NASCAR and the teams to coming to a new agreement? “Very close,” if you believe NASCAR COO Steve O’Donnell. Despite O’Donnell’s confidence, team owners such as Hamlin, Jimmie Johnson and Brad Keselowski have been quick to say that the two sides remain far apart.

“There’s still the four key elements that I haven’t seen NASCAR brought up. And what our ask has been they haven’t addressed those, or haven’t conceded to any of those. So, I think it’s positive messaging more than it’s actually real,” Hamlin recently said, via Bob Pockrass of FOX Sports.

As for what could happen if no new agreement is agreed to after this season, Hamlin suggested that teams could opt to skip out on participating in races “that pay less.”

“Yeah, the end of this year [the current agreement ends] and then there would be no charters,” Hamlin said. “It would be ignorant of fans to say well that’s great, no charters. Well then, we just wouldn’t show up when we don’t need to. The Clash, we won’t show up at that. The All-Star Race, wouldn’t show up at that. Maybe there’s some races that pay less, we just won’t show up to those. It’s just not financially good. I’m sure they’ll be owners that won’t like that I’m saying this publicly. But I’ve reached the point of frustration that it’s boiling over.”