The field for the 2016 Daytona 500 will drop to just 40 entries.
Previously fields for the season opening race have consisted of 43 cars but a new charter system ensures that that number will drop by three.
The new charter system will begin with 36 teams guaranteed a starting spot in each race. Teams were determined by those who have run races dating back to the 2013 season meaning that four teams which plan to complete full-time this season will have to either purchase charters (Stewart Haas Racing and Joe Gibbs Racing are expected to buy the two Michael Waltrip Racing charters) or land one of the four qualifying spots each week. HScott Racing and the Wood Brothers teams may elect to qualify for events.
“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 growth initiatives together with our track partners, auto manufacturers, drivers and sponsors. The Charters also are transferable, which will aid in the development of long-term enterprise value for Charter members.”