IndyCar confirmed its charter system in a news release on Monday. Owners of 10 teams have accepted the 25 charters offered by the series. "This is an important development that demonstrates an aligned and optimistic vision for the future of our sports,

Initial seven-year deal guarantees entries to all races for all chartered cars, excluding the Indianapolis 500.

The charters guarantee a starting position in every IndyCar race with the exception of the Indianapolis 500. Charter holders can sell them, and teams looking to enter the series probably will have an interest in buying.

Answer: The charter system does not determine the number of cars in INDYCAR’s future races. That will be determined annually by INDYCAR rule. Next year, the grid is expected to feature a maximum of 27 cars, excluding the Indy 500.

IndyCar on Monday finalized a charter system for 25 entrants that, while it pales in comparison to the contentious deal reached between NASCAR and its teams regarding their revenue sharing model, does give 10 open wheel organizations some guarantees.

IndyCar on Monday finalized a charter system for 25 entrants that, while it pales in comparison to the contentious deal reached between NASCAR and its teams over their revenue sharing model, does give 10 open wheel organizations some guarantees.