"We have got great partners with Honda right now, and certainly we have a meeting scheduled at Toronto next week to keep them included in the loop and talk about what our options are and our timeline around these, but it would be a whole new package, chassis and engine, at the same time."
With no sign of radical change for three years, Barnhart admitted that the League had been forced to rethink the direction the current package was heading in, given the criticism over a lack of on-track action in certain events this season.
"It's been frustrating to see a couple of the races, the way they have panned out," he conceded, "They certainly were not up to our expectations, and [how] we have raced at those same venues with the same car historically.
"It was a little bit of a hedge as to why, and it's taken a lot of conversations with everybody [to address the problem]. Certainly, we want to improve the entertainment aspect and the on-track competition from what we have seen. You don't stick your head in the stand and hide from those events.
"They were [historically] real exciting events for us, and it was equally frustrating from our standpoint because you didn't anticipate it or really have an explanation as to why. We are certainly trying to address it - our next oval event is Kentucky at the end of this month and, based on the feedback and input we have from the teams, these are steps in the right direction."
Barnhart also claimed that, should the first wave of revisions not have the desired effect, others could be introduced.
"It's phase one and, if it's not enough, we have to plan for additional stuff to be implemented after Kentucky if this doesn't achieve the desired result," he concluded, "But we think it's certainly moving in the right direction."