CHARLOTTE, N.C. — Bubba Wallace has signed a multiyear contract extension with 23XI Racing, the team announced Wednesday.
“From day one Bubba has been an integral part of 23XI,” the team said in a social media post. “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.”
Wallace, who failed to make the Cup Series playoffs this season, heads to Bristol Motor Speedway without a win this this year and ranked 19th in the standings.
Wallace has driven for 23XI Racing, which is co-owned by Michael Jordan and Denny Hamlin, since its inception in 2021.
Wallace, the only Black driver at NASCAR’s top level, has won two races but none since 2022. He did, however, qualify for the playoffs for the first time in his career last season and finished a career-high 10th in the final standings.
23XI Racing won the regular-season title this year with driver Tyler Reddick, who is ranked sixth in the 16-driver playoff field.
Four drivers will be eliminated from title contention Saturday night at Bristol, with Hamlin, who drives for Joe Gibbs Racing, among those in danger of being cut.