Menu
Since missing out on the 2024 NASCAR Playoffs, Bubba Wallace hasn’t had the best month. However, it picked up for the Cup Series Veteran Wednesday afternoon when 23XI and Wallace agreed on a new extension.
From day one Bubba has been an integral part of 23XI. We’re excited to announce that he has signed a multi-year renewal and will continue to play a key role in helping 23XI grow and succeed. #ForwardTogether pic.twitter.com/OMlQWfm6yv
— 23XI Racing (@23XIRacing) September 18, 2024
Bubba Wallace has already matched his career-best stats 28 races into the 2024 season. Insiders met Wallace’s performance with speculation that the driver, who is on a contract year, would re-sign with 23XI for at least one more season.
However, the tone of these contract talks changed when 23XI held out on signing NASCAR’s latest Charter Agreement. Most teams felt that NASCAR forced their hand in signing, and 23XI, pleased with neither the rushed signing nor the terms of the deal, held off.
Without the charter, 2025 is up in the air for 23XI. The team could lose its charter and, without a deal, miss out on vital revenue sharing. Rumors have even swirled that the team could have to cut back from a rumored three drivers in 2025 to one driver.
It would be a tough call in that event. While Tyler Reddick is a generational talent, Wallace brings vital sponsorship to the team. This sponsorship also means that Wallace would be okay on the open market. However, that doesn’t matter, as Wallace is back in 2024, and hopefully, 23XI will be back in full force in 2025.
This is good news, right? One of NASCAR’s best teams and few Charter Agreements holdouts is bringing back its most veteran driver for a multi-year deal.
Of course, it is. Since the team held out on NASCAR, 23XI has been relatively secretive about its plans for 2025, and some news is always better than no news. However, insider Bob Pockrass of Fox Sports suggests that this does not mean that 23XI has signed the Charter Agreement.
Furthermore, as Pockrass also stated, it could mean that 23XI was holding out on Bubba to rework the terms of his deal. Perhaps he means that they worked in language regarding Wallace’s terms if the team were non-chartered next year.
However, Wallace’s re-signing is good, and while we still don’t know what the future holds for 23XI, it looks as if the team is in the sport for the long haul, whether they are Chartered or open entry.
What do you think about all this? Let us know on Discord or X what your take is, and don’t forget you can also follow us on Instagram, Facebook, and YouTube.
