Michael Jordan’s NASCAR team, 23XI Racing, co-owned by Denny Hamlin, has caused a stir by not signing a crucial charter agreement for the upcoming season. This decision leaves their participation in the NASCAR Cup Series uncertain, as the charter is essential for guaranteeing a spot in races and securing financial support.

Despite recent success, including Tyler Reddick’s win in the regular season championship, Jordan and Hamlin have opted not to renew the deal, leading to speculation about their motivations. Some believe they may be planning legal action or renegotiating terms they find unfavorable.

This situation is significant because NASCAR teams rely heavily on charter agreements for stable income. Without one, 23XI Racing would have to depend more on sponsorships, which could be financially risky. As the NASCAR community watches closely, the future of Jordan’s team remains in question.