In 2004, NEXTEL took over sponsorship of the premier series from R. J. Reynolds, formally renaming it from the Winston Cup to the NEXTEL Cup Series. A new championship points system, "The Chase for the Nextel Cup " was also developed, which reset the point standings with ten races to go, making only drivers in the top ten or within 400 points of the leader eligible to win the championship. In 2007, NASCAR announced it was expanding "The Chase" from ten to twelve drivers, eliminating the 400-point cutoff, and giving a ten-point bonus to the top twelve drivers for each of the races they have won out of the first 26. Wins throughout the season will also be worth five more points than in previous seasons. In 2008, the premier series title name became the Sprint Cup Series and The Chase for The NEXTEL Cup became the "Sprint For The Cup", as part of the merger between NEXTEL and Sprint.