Co-owned by basketball icon Michael Jordan and NASCAR driver Denny Hamlin, 23XI Racing confirmed that it did not sign NASCAR's proposed charter agreement that most teams have signed Friday night.
HAMPTON, Ga. — Co-owned by basketball icon Michael Jordan and NASCAR driver Denny Hamlin, 23XI Racing confirmed that it did not sign NASCAR's proposed charter agreement that most teams have signed Friday night. Front Row Motorsports, owned by restaurant operator Bob Jenkins, also has not signed, according to sources.
1 billion per year deal announced in November 2023 that runs from 2025-2031 with FOX, NBC, Amazon, Warner Bros. and TNT Sports . Under the previous deal, teams were paid 25 percent of the television revenue through the race purse, while NASCAR took 10 percent and the tracks getting 65 percent. Sources have indicated teams are getting a greater portion of that money as part of the new deal but also gave up rights in other areas that could generate revenue.
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