NASCAR moving closer to its version of a salary cap

SB Nation
NASCAR moving closer to its version of a salary cap
NASCAR moving closer to its version of a salary cap

Across the professional sports landscape financial mechanisms are used to prevent stick-and-ball teams from spending themselves into oblivion while at the same time leveling the playing field to improve competition. Not too long ago the notion that a salary cap or luxury tax similar to what Major League Baseball, the NBA, NFL, and NHL utilize could ever be applied to NASCAR would've induced laughter and eye rolls. Teams, after all, are regarded as “independent contractors,” essentially separate business entities who even though they share certain revenue streams are still autonomous of one another and keep their respective financial records private. Perhaps this would serve as the conduit to overcome the financial gulf brought about by Corporate America not as enamored with NASCAR as previously.

What to Read Next