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Michael Jordan's NASCAR team skips the deadline to sign a new revenue model with racing series

In a letter to NASCAR, 23XI said it was refusing to sign the extension.

23XI Racing, the NASCAR team co-owned by Michael Jordan, said Saturday it skipped a deadline to sign a new charter agreement with the sanctioning body because “it did not have an opportunity to fairly bargain” for a new contract.

The two-car team owned by Jordan, active driver Denny Hamlin and Curtis Polk — Jordan's right-hand man — revealed that teams had a Friday night NASCAR-imposed deadline to sign new charter agreements that run from 2025 through 2031.

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In a letter to NASCAR, 23XI said it was refusing to sign the extension. The team's revelation came on the eve of the start of NASCAR's playoffs as garage speculation Saturday indicated that all but two Cup Series teams have signed the new agreements.

But three people speaking to The Associated Press on condition of anonymity because of the sensitivity of the yearslong negotiations said the teams felt “threatened and coerced” by NASCAR to sign the extensions or risk them being revoked. They spoke on condition of anonymity to avoid putting their agreements as risk.

Just last week, Polk pinned a sheet of paper to the back of his shirt that read: “Please don’t ask me about my Charter. I don’t want to disparage NASCAR and lose it.” He wore it during the Southern 500 at Darlington Raceway, where 23XI Racing driver Tyler Reddick became the regular-season champion and the team said no one from NASCAR bothered to present him with the trophy.

“We notified NASCAR what issues needed to be addressed, in writing, at the deadline,” 23XI said in its Saturday statement. “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 sport we all love.”

The playoffs begin Sunday at Atlanta Motor Speedway.

The Associated Press contributed to this report.

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