NASCAR could have at least a handshake agreement by Tuesday on the blockbuster television package it is negotiating this week at an undisclosed location in New York. NASCAR representative John Griffin did confirm that negotiations have come down the the bid stage, and that the meetings Monday and Tuesday were to evaluate money offers from four major broadcast entities. The figure most widely quoted for the taking bid is $400m, possibly over three years, bringing to NASCAR a $1.2b jackpot. High-level network sources, however, indicated that the money numbers now have “gone north of $500m”, perhaps even as high as $600m per year. See the rest of the story at Racer Magazine
