AVONDALE, ARIZONA - NOVEMBER 04: NASCAR President Steve Phelps (L) and NASCAR Executive Vice President Steve O'Donnell speak to the media during the NASCAR annual State of the Sport address at Phoenix Raceway on November 04, 2022 in Avondale, Arizona. (Photo by Jared C. Tilton/Getty Images) | Getty Images
AVONDALE, ARIZONA - NOVEMBER 04: NASCAR President Steve Phelps (L) and NASCAR Executive Vice President Steve O'Donnell speak to the media during the NASCAR annual State of the Sport address at Phoenix Raceway on November 04, 2022 in Avondale, Arizona. (Photo by Jared C. Tilton/Getty Images) | Getty Images

NASCAR President Steve Phelps discusses TV deal, charters, horsepower

NASCAR President Steve Phelps said during a webinar Monday that the sport will have at least one additional company broadcast Cup races in 2025, stressed his reluctance to increasing horsepower and said changes will continue to be made to the schedule.

Phelps covered several topics in a 45-minute session during the fourth annual Race Industry Week series of webinars sponsored by Speed Sport, Racer.com and EPartrade.com.

Phelps hinted Monday that an agreement on the next Cup media rights deal could be announced soon. Phelps said that both NBC and Fox are expected to remain as broadcasters of Cup races in the new media rights package, which will begin with the 2025 season.

An increase in media rights fees will be important for teams, who seek to have the charter agreement with NASCAR extend beyond the 2024 season.

One change not expected to be made at any point in the future is increasing the horsepower.

“I don’t think the answer is more horsepower because more horsepower is expensive,” Phelps said. “If you ask a driver what’s going to solve it, they’re always going to say ‘Give me more horsepower.’ It’s a thing. I’m not a driver, but I’ve listened to enough drivers and that’s their solution. So the question is is that really what it is? I don’t know. I think there’s some gearing things that we’re looking at as well. Some shifting things.”

See much more at NBC Sports.