Michael Jordan settles antitrust lawsuit with NASCAR

Tyler Reddick and Bubba Wallace on excitement, pressure and expectations with driving for Michael Jordan and 23XI Racing.

Michael Jordan and NASCAR settled a federal antitrust lawsuit that accused the racing league of being a "monopolistic bully" Thursday. NASCAR agreed to make the charters at the heart of its business model permanent for Cup Series teams. 

The dispute had gone on for more than a year as Jordan's 23XI Racing team competed without a charter for much of that time. Now, 23XI Racing and Front Row Motorsports, the two plaintiffs, will get their charters back after racing uncharted most of this past season.

The financial terms of the settlement were not disclosed, but an economist earlier testified 23XI and Front Row were owed over $300 million in damages.

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Michael Jordan, center, and Curtis Polk, left, co-owners of 23XI Racing, watch during qualifying beside 23XI Racing President Steve Lauletta, right, for a NASCAR Cup Series Championship auto race Nov. 9, 2024, in Avondale, Ariz.  (AP Photo/John Locher)

"Today’s a good day," Jordan said.

The settlement came on the ninth day of a trial before U.S. District Judge Kenneth Bell, who set aside motions hearing for an hour-long sidebar. 

Front Row and 23XI filed their lawsuit last year after refusing to sign agreements on the new charter offers NASCAR presented in September 2024. Teams had until the end of one day to sign the 112-page document, which guarantees access to top-level Cup Series races and a revenue stream, and 13 of 15 organizations reluctantly agreed. Jordan and Jenkins sued instead and raced most of the 2025 season uncharted.

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