DAYTONA BEACH, Fla. — NASCAR Cup Series teams will receive an increase in league revenue under new terms of a charter agreement extension with NASCAR, multiple sources have confirmed to The Athletic.



The agreement, which is in the process of being finalized and is expected to be formally announced next week, will give teams approximately a 1.5 percent increase in revenue generated from NASCAR, tracks and media and digital rights, sources said, totaling 6.5 percent. Additionally, $2.8 million previously available to non-charter — or “open” — teams in the race purse will be directed toward charter teams.



NASCAR declined to comment for this story. Efforts to reach Race Team Alliance president Jonathan Marshall were unsuccessful.



The original charter agreement, signed in 2016, was a five-year deal with a renewal option that, if exercised, would extend the contract through 2024. The option included the right to renegotiate terms,...