TRAC was proposed by a group called Team Sports and Entertainment Inc., whose shareholders included Cale Yarborough, a three-time winner of the NASCAR Winston Cup Series season title, television executive Robert Wussler; and former college football coach Danny Ford.

All entries were to be equipped with Riley & Scott-designed chassis and fuel-injected V8 engines supplied and sealed (to prevent tampering) by a designated vendor.

[3] Teams, representing various tracks throughout the country, would accumulate points in each race for each driver, presumably based on the order of finish.

The series held a test at Atlanta Motor Speedway in April 2002 with Andy Hillenburg and Tony Ave driving the cars.

[4] TRAC was unable to sell sponsorships for any of the proposed teams, prompting the series' debut to be postponed to 2004, but the league ultimately folded without conducting a single race.