Bubba Wallace has officially renewed his multi-year contract with 23XI Racing, co-owned by Denny Hamlin and Michael Jordan, despite ongoing uncertainties surrounding NASCAR's charter negotiations. Wallace, who has been a significant part of the team since its inception in 2021, has secured two victories but faced challenges this past season, failing to qualify for the playoffs and finishing 19th in the driver standings. The team announced the extension with a promotional video, emphasizing Wallace's integral role in their future plans. However, 23XI Racing has not signed the new charter agreement with NASCAR, which has raised concerns about the team's future and its ability to secure spots in races. There are also discussions about potentially adding a third driver to the team, with Riley Herbst being a notable candidate. The situation remains fluid as both Wallace's future and the team's charter status are closely intertwined.