Bubba Wallace has signed a contract extension with 23XI Racing after some uncertainty due to ongoing charter agreement negotiations with NASCAR. Wallace has been with the team, co-owned by Denny Hamlin and Michael Jordan, for four years. Despite delays in his contract due to these talks, Wallace remained optimistic and committed to the team.

In his time with 23XI Racing, Wallace has won two races, finished 10th in last year’s standings, and secured five top-five finishes this season, though he missed the playoffs.

His teammate, Tyler Reddick, had a stronger season, winning the regular-season title and currently sitting sixth in the playoff standings.

The charter agreement is crucial for the team, guaranteeing a spot in every race and ensuring a larger share of the prize money. Teams like 23XI Racing are holding out for better terms in the upcoming media rights deal, set to begin in 2025, as it represents a major revenue source.

Wallace’s future with 23XI Racing seems secure with this contract extension, though the team’s long-term stability still depends on finalizing the charter deal with NASCAR. Despite the uncertainty, Wallace remains focused on his career and is eager to continue building on his success.