Denny Hamlin reveals Michael Jordan’s key contribution in NASCAR charter negotiations

when 23XI Racing NASCAR debuts in 2021, and the NASCAR community knows it’s going to be big. Titan of two sports, Michael Jordan and Denny Hamlin, it’s exciting to collaborate and build a team. Jordan didn’t enter the sport as a superficial owner, however. The six-time NBA champion frequently competes in NASCAR races and has been actively involved in the team’s development. Hamlin revealed more about it, claiming Jordan is one of the leading voices bridging the gap between NASCAR and NASCAR. Cup series Team during negotiation of charter system.

The annual revenue generated by a team fulfilling its charter is approximately $9 million. NASCAR has had a tough time adjusting spending because it’s not enough to cover the fleet’s operating costs. There are differences in NASCAR’s situation and how teams evaluate the charter, with experienced and strong voices like Michael Jordan, Denny Hamlin and more, Rick Hendrick is a big help.

Denny Hamlin claims Michael Jordan resonates with Rick Hendrick’s views

Last year, NASCAR announced plans to expand its broadcast footprint through a media rights deal worth $1.1 billion. NASCAR will receive this amount annually, which is 34% higher than the previous deal’s annual return of $820 million. As a result of this news, cup teams will naturally hope to gain a greater share of broadcast revenue. When team owners contacted NASCAR to discuss the same issue, 23XI owners Denny Hamlin and Michael Jordan added valuable input to the conversation.

As a former majority shareholder of the company charlotte hornets Jordan closely observed the business side of sports and was one of its major contributors. Driver No. 11 revealed the importance of conversations about harmful behavior with his partner, saying: “Michael attended. It was great to hear voices like his Rick Hendrick and Roger Penske; “Everybody was there. “

“Hearing the voices of these people who are so well versed in the business, what they stand for, and how they feel makes me believe that all teams are aligned in some sense. They all definitely feel the same way. “

The current charter agreement is set to end in 2024, and Cup Series teams are eager to see what improvements this 12-month window can bring. While Denny Hamlin was unaware of the team bargaining committee motion, he revealed his thoughts on it during an early episode of Toxic Action.

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Hamlin sees no progress on charter system plan

The Team Bargaining Committee knows the best talent on the Cup Series team.While Denny Hamlin is not involved, he is HMS vice president and four-time champion Jeff GordonJGR President Dave Alpern, RFK Racing President Steve Newmark and Michael Jordan’s right-hand man Curtis Polk are responsible for the partnership with NASCAR communication.

Revealed his thoughts on the situation Joe Gibbs Racing The driver said: “Of course, I can’t speak for the TNC (Team Negotiating Committee). They’re the ones who are in deep negotiations with NASCAR and sit in the room for hours on end, and yet, here we are at the 11th hour. Two years ago we tried to start these conversations, but there was always procrastination and procrastination, and now we’ve reached the point where we’re at the end of the road… there has to be some work to be done, right? “

“Do I think we are closer to a deal now than we were 12 months ago?No, CleoHamlin added.

Progress on the franchise agreement will be a huge development for the sport. Taking into account the increase in revenue, transferring more funds to teams can improve the quality of competition and even lead to increased expenditures.