2024 has been a banner year for Michael Jordan’s 23XI Racing team as they achieved a NASCAR regular season title through Tyler Reddick’s No. 45 car. But now the rising NASCAR power seems to be hitting a snag in a pending charter agreement.
With the current NASCAR charter agreement expiring at the end of this season, 23XI Racing has announced that it has not met a NASCAR-imposed deadline for a new agreement on its cars running from 2025 to 2031. In a statement, the team said that it did not have an opportunity to “fairly bargain for a new charter contract.”
“23XI decided to not meet a NASCAR-imposed deadline last night to sign charter agreements for its two cars for 2025-2031,” the team said in their statement. “23XI’s position, as stated in a letter to NASCAR, is that we did not have an opportunity to fairly bargain for a new charter contract.”
“We notified NASCAR what issues needed to be addressed, in writing, at the deadline. We are interested in engaging in constructive discussions with NASCAR to address these issues and move forward in a way that comes to a fair resolution, while strengthening the spot we all love.”
“At 23XI Racing, we remain committed to competing at the highest level while also standing firm in our belief that NASCAR should be governed by fair and equitable practices.”
23XI Racing and Front Row Motorsports are both yet to sign charter agreements for the upcoming seasons, though it’s not clear what the consequences will be if they don’t sign soon.
Reddick and 23XI co-owner Denny Hamlin both rank among the favorites to win the NASCAR Cup championship this fall.
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