HScott Motorsports has leased a charter from Premium Motorsports to secure a ride for Michael Annett for the 2016 season.

A charter guarantees revenue and a position in a 40-car Sprint Cup field.

HScott Motorsports was granted one charter and used it on the No. 15 Chevrolet driven by Clint Bowyer. Annett will drive the No. 46 Chevrolet.

The new system allows charters to be transferred on a short-term basis. This agreement was accepted and approved by NASCAR.

Premium Motorsports will have its charter returned in 2017. The team will still field a full-time entry in the No. 98 Chevrolet this year for Cole Whitt. He will now have to qualify every week for one of the four open slots in the field.