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CONCORD, N.C. -- Monday evening, NASCAR announced an enhanced competition format that will be implemented in all three of its national series -- including the NASCAR Cup Series -- starting in 2017.

Hendrick Motorsports owner Rick Hendrick shared his thoughts on the updates, noting that it came from a collaboration between all facets of the sport, "from the tracks to the TV partners to NASCAR to the team owners to the drivers -- everybody's been involved, and it's exciting because we got the fans involved."

"This effort is from everybody putting their best thoughts together," he said, "and I'm excited to see it unfold."

Hear more from Hendrick in the video above. The owner also shared more about his love of segment racing, which can be seen below.