NASCAR, team owners, come to uneasy truce on team charters

NASCAR and its team owners, with two notable exceptions, have come to an agreement on the extensions of team charters, with an announcement on the extensions coming in advance of the opening of the 2024 NASCAR Cup Series playoffs last weekend.

The two exceptions – 23XI Racing, co-owned by Michael Jordan and NASCAR driver Denny Hamlin, and Front Row Motorsports, owned by restaurant operator Bob Jenkins – are taking different approaches to where they want to see things go from here.

Jenkins has not commented on why he didn’t sign; 23XI, through Jordan and Hamlin, has been outspoken on why, citing terms that the team doesn’t think are favorable for the long-term.