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The NASCAR Nextel Cup Series is one of the biggest events on America's sporting calendar and the most important of NASCAR's racing series. The top NASCAR series used to be called the Grand National and then later became the Winston Cup Series. Nextel took over as the main sponsor of the NASCAR Cup series back in 2004. After doing so, Nextel modified the Cup Series to make it more competitive and give new NASCAR drivers a better chance. The NASCAR Nextel Cup playoff system pits top driving teams against each other whilst singling out the best drivers in the Chase for the Championship after the twenty sixth race. As with other NASCAR races, drivers in the NASCAR Nextel Cup Series can gain points for final position and for laps led. Drivers win an extra five points for each whole lap in which they lead the race.

A separate Chase for the Championship is operated by the Nextel Cup Owner's Championship and the Nextel Cup Driver's Championship. Over the course of a cup series it is quite common for driver's points to differ from owner's points. It is rare for drivers and owners to be the same people in the NASCAR Nextel Cup Series. This fact is due to the structure of the modern NASCAR Nextel Cup Series races tending to favour racing teams that own multiple cars.

The NASCAR Cup Series began in 1950, when it was won by Bill Rexford, still the youngest person ever to have won it. The most successful driver ever in the NASCAR Cup Series was Richard Petty, who won twenty seven races back in 1967. He was the son of previous NASCAR Cup Series champion Lee Petty. The NASCAR Cup Series has been vital in promoting the sport of racing, which started out on dirt tracks with little reward. Richard Petty was the first driver to earn over 0,000 in a NASCAR Cup Series.

Besides the skill of the drivers, it takes several others to win the NASCAR Nextel Cup Series. These include the dedicated crews who support cars during the race for the cup and also on the designers, who work year round on find ways to improve the cars for participation in the series. Computer simulations are used by NASCAR crew chiefs to assist them in judging how well cars are likely to run in the series. Most are in agreement that a strong, durable engine is the most important thing when it comes to winning the NASCAR Nextel Cup.

Nextel's sponsorship of the NASCAR Cup Series has helped to revive corporate interest in the telecommunications company. Nextel was recently purchased by the Sprint corporation to become Sprint Nextel. It is expected that this will result in next year's premiere racing competition being renamed from the NASCAR Cup Series to the NASCAR Sprint Cup Series. NASCAR continues to reinvent itself to appeal to the masses, to provide increased value to it's sponsors and to provide more safety to the drivers.

Sources:-

http://en.wikipedia.org/wiki/Sprint_Nextel_Corporation

http://en.wikipedia.org/wiki/Sprint_Nextel_Corporation

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