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Report: NASCAR Sprint Cup banquet heading to Las Vegas

Report: NASCAR Sprint Cup banquet heading to Las Vegas

Report: NASCAR Sprint Cup banquet heading to Las Vegas

Las Vegas, NV (Sports Network) - NASCAR could be moving its Sprint Cup Series annual awards banquet from New York City to Las Vegas this year.

The Las Vegas Review-Journal reported Friday that NASCAR and the Las Vegas Convention and Visitors Authority have reached an agreement in principle to bring the Sprint Cup postseason celebration to Las Vegas in the first week in December.

According to the newspaper's report, the LVCVA would pay NASCAR between $500,000 to $1 million for each year of the contract. Rossi Ralenkotter, the president of the LVCVA, wants a deal of three to five years. NASCAR would select the venue for the banquet, likely held somewhere on the Strip.

NASCAR spokesman Ramsey Poston said nothing has been finalized about this year's banquet plans.

NASCAR has held the awards ceremony in New York City since 1981.