NASCAR exploring cost cap after talks with Formula 1

NASCAR CEO Steve O'Donnell raised the possibility of a cost cap in NASCAR during the annual State of the Sport address at Homestead-Miami Speedway on Friday.

Formula 1 introduced a cost cap in 2021, a system that has also contributed to increased team valuations. O'Donnell said NASCAR could adopt a cost cap in the future and that the series has discussed the idea with Formula 1.