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NASCAR and Fox sign 8-year extension through 2022

Updated: October 15, 2012, 1:14 PM ET
Associated Press

CHARLOTTE, N.C. -- NASCAR and Fox Sports Media Group announced a $2.4 billion, eight-year extension Monday that runs through 2022 and keeps the prestigious Daytona 500 and first third of the Sprint Cup Series on the network.

Fox, which has been with NASCAR since 2001, will pay an average of $300 million annually beginning in 2015 in its first fee increase in more than a decade.

"NASCAR has been in very good hands and has enjoyed tremendous success the last 12 years in large part because ...

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