The financial terms of the agreement were not disclosed. However, all NASCAR Cup Series teams, including 23XI and Front Row, will be granted permanent (or "evergreen") charters.

NASCAR chairman and CEO Brian France expressed optimism on many fronts during his annual end-of-the-season news conference Sunday morning at Homestead-Miami Speedway.Related Stories"I'm really more optimistic right now, and I know you may expect me to say that, but we've made the transition largely," France said of the changes in...