NASCAR trial Day 2: Denny Hamlin testifies over key issue Josh Peter, USA TODAYDecember 2, 2025 at 5:16 PM 0 Denny Hamlin, the NASCAR driver and coowner of 23XI Racing with Michael Jordan, returned to the witness stand on Day 2 of the NASCAR antitrust trial. From their own attorney, Hamlin fielded a question that cuts to the heart of the federal lawsuit. Was it a hard decision not to sign the charter agreement this year? The costly charter agreements guarantee teams a spot in the Cup Series races and a portion of NASCAR's revenue.
- - NASCAR trial Day 2: Denny Hamlin testifies over key issue
Josh Peter, USA TODAYDecember 2, 2025 at 5:16 PM
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Denny Hamlin, the NASCAR driver and co-owner of 23XI Racing with Michael Jordan, returned to the witness stand on Day 2 of the NASCAR antitrust trial. From their own attorney, Hamlin fielded a question that cuts to the heart of the federal lawsuit.
Was it a hard decision not to sign the charter agreement this year?
The costly charter agreements guarantee teams a spot in the Cup Series races and a portion of NASCAR's revenue. But 23XI Racing called the terms a take-it-or-leave-it-deal and, along with Front Row Motorsports, refused in 2024 to sign the last charter agreement.
"I don't sign because I know that this is essentially my death certificate for the future,'' said Hamlin, the three-time Daytona 500 winner.
Did he think it was the right decision?
"I think it was the only decision,'' he said.
It was a decision that ultimately led to the antitrust trial that could reshape or damage the current state of stock car racing.
(L-R) Charlotte Bobcats President Fred Whitfield and NBA legend Michael Jordan greet Dale Earnhardt Jr., driver of the No. 8 Budweiser Chevrolet, prior to the NASCAR Nextel Open on May 19, 2007 at Lowe's Motor Speedway in Concord, North Carolina. Michael Jordan signs his autograph on a pair of shoes for Earnhardt.
" data-src=https://ift.tt/kwZgNp3 class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
(L-R) Charlotte Bobcats President Fred Whitfield and NBA legend Michael Jordan greet Dale Earnhardt Jr., driver of the No. 8 Budweiser Chevrolet, prior to the NASCAR Nextel Open on May 19, 2007 at Lowe's Motor Speedway in Concord, North Carolina. Michael Jordan signs his autograph on a pair of shoes for Earnhardt.
">(L-R) Charlotte Bobcats President Fred Whitfield and NBA legend Michael Jordan greet Dale Earnhardt Jr., driver of the No. 8 Budweiser Chevrolet, prior to the NASCAR Nextel Open on May 19, 2007 at Lowe's Motor Speedway in Concord, North Carolina. Michael Jordan signs his autograph on a pair of shoes for Earnhardt.
" src=https://ift.tt/kwZgNp3 class=caas-img>Michael Jordan greets fans prior to the start of the NASCAR NEXTEL All-Star Challenge at Lowe's Motor Speedway near Charlotte, North Carolina, on May 19, 2007.
" data-src=https://ift.tt/lZ5PJpG class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan greets fans prior to the start of the NASCAR NEXTEL All-Star Challenge at Lowe's Motor Speedway near Charlotte, North Carolina, on May 19, 2007.
">Michael Jordan greets fans prior to the start of the NASCAR NEXTEL All-Star Challenge at Lowe's Motor Speedway near Charlotte, North Carolina, on May 19, 2007.
" src=https://ift.tt/lZ5PJpG class=caas-img>Michael Jordon high-fives the crowd during pre-race ceremonies prior to the start of the NASCAR Sprint All-Star Race at Charlotte Motor Speedway on May 22, 2010 in Concord, North Carolina.
" data-src=https://ift.tt/mpeU9nR class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordon high-fives the crowd during pre-race ceremonies prior to the start of the NASCAR Sprint All-Star Race at Charlotte Motor Speedway on May 22, 2010 in Concord, North Carolina.
">Michael Jordon high-fives the crowd during pre-race ceremonies prior to the start of the NASCAR Sprint All-Star Race at Charlotte Motor Speedway on May 22, 2010 in Concord, North Carolina.
" src=https://ift.tt/mpeU9nR class=caas-img>NBA Hall of Famer Michael Jordan, co-owner of 23XI Racing, speaks to a crew member in the No. 23 DoorDash Toyota pit area prior to the NASCAR Cup Series Toyota/Save Mart 350 at Sonoma Raceway on June 6, 2021 in Sonoma, California.
" data-src=https://ift.tt/dgPuzU1 class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
NBA Hall of Famer Michael Jordan, co-owner of 23XI Racing, speaks to a crew member in the No. 23 DoorDash Toyota pit area prior to the NASCAR Cup Series Toyota/Save Mart 350 at Sonoma Raceway on June 6, 2021 in Sonoma, California.
">NBA Hall of Famer Michael Jordan, co-owner of 23XI Racing, speaks to a crew member in the No. 23 DoorDash Toyota pit area prior to the NASCAR Cup Series Toyota/Save Mart 350 at Sonoma Raceway on June 6, 2021 in Sonoma, California.
" src=https://ift.tt/dgPuzU1 class=caas-img>NBA Hall of Famer Michael Jordan, co-owner of 23XI Racing, looks on from the 23XI Racing pit box prior to the NASCAR Cup Series Pocono Organics CBD 325 at Pocono Raceway on June 26, 2021 in Long Pond, Pennsylvania.
" data-src=https://ift.tt/6lhWgG2 class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
NBA Hall of Famer Michael Jordan, co-owner of 23XI Racing, looks on from the 23XI Racing pit box prior to the NASCAR Cup Series Pocono Organics CBD 325 at Pocono Raceway on June 26, 2021 in Long Pond, Pennsylvania.
">NBA Hall of Famer Michael Jordan, co-owner of 23XI Racing, looks on from the 23XI Racing pit box prior to the NASCAR Cup Series Pocono Organics CBD 325 at Pocono Raceway on June 26, 2021 in Long Pond, Pennsylvania.
" src=https://ift.tt/6lhWgG2 class=caas-img>NBA Hall of Famer Michael Jordan, co-owner of 23XI Racing, looks on from the 23XI Racing pit box during the NASCAR Cup Series Go Bowling at The Glen at Watkins Glen International on Aug. 8, 2021 in Watkins Glen, New York.
" data-src=https://ift.tt/Ie9gFZf class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
NBA Hall of Famer Michael Jordan, co-owner of 23XI Racing, looks on from the 23XI Racing pit box during the NASCAR Cup Series Go Bowling at The Glen at Watkins Glen International on Aug. 8, 2021 in Watkins Glen, New York.
">NBA Hall of Famer Michael Jordan, co-owner of 23XI Racing, looks on from the 23XI Racing pit box during the NASCAR Cup Series Go Bowling at The Glen at Watkins Glen International on Aug. 8, 2021 in Watkins Glen, New York.
" src=https://ift.tt/Ie9gFZf class=caas-img>
NASCAR Cup Series driver Tyler Reddick's paint job with colors from UNC and sponsor Michael Jordan during the Coca-Cola 600 at Charlotte Motor Speedway on May 29, 2023 in Concord, North Carolina.
" data-src=https://ift.tt/JcudtZQ class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
NASCAR Cup Series driver Tyler Reddick's paint job with colors from UNC and sponsor Michael Jordan during the Coca-Cola 600 at Charlotte Motor Speedway on May 29, 2023 in Concord, North Carolina.
">NASCAR Cup Series driver Tyler Reddick's paint job with colors from UNC and sponsor Michael Jordan during the Coca-Cola 600 at Charlotte Motor Speedway on May 29, 2023 in Concord, North Carolina.
" src=https://ift.tt/JcudtZQ class=caas-img>Team 23XI Racing owner Michael Jordan looks on from pit road during qualifying before the Ally 400 at Nashville Superspeedway on June 24, 2023.
" data-src=https://ift.tt/x6z0e7a class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Team 23XI Racing owner Michael Jordan looks on from pit road during qualifying before the Ally 400 at Nashville Superspeedway on June 24, 2023.
">Team 23XI Racing owner Michael Jordan looks on from pit road during qualifying before the Ally 400 at Nashville Superspeedway on June 24, 2023.
" src=https://ift.tt/x6z0e7a class=caas-img>Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing (R), crew chief Robert Barker (C) and former NFL player Dwight Freeney talk on the grid during qualifying for the NASCAR Cup Series Ally 400 at Nashville Superspeedway on June 24, 2023 in Lebanon, Tennessee.
" data-src=https://ift.tt/nNQiHpa class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing (R), crew chief Robert Barker (C) and former NFL player Dwight Freeney talk on the grid during qualifying for the NASCAR Cup Series Ally 400 at Nashville Superspeedway on June 24, 2023 in Lebanon, Tennessee.
">Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing (R), crew chief Robert Barker (C) and former NFL player Dwight Freeney talk on the grid during qualifying for the NASCAR Cup Series Ally 400 at Nashville Superspeedway on June 24, 2023 in Lebanon, Tennessee.
" src=https://ift.tt/nNQiHpa class=caas-img>Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, speaks to Bubba Wallace, driver of the No. 23 DoorDash Toyota, and Tyler Reddick, driver of the No. 45 Jordan Brand Toyota, on the grid during practice for the NASCAR Cup Series South Point 400 at Las Vegas Motor Speedway on Oct. 14, 2023 in Las Vegas.
" data-src=https://ift.tt/0M8WUdy class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, speaks to Bubba Wallace, driver of the No. 23 DoorDash Toyota, and Tyler Reddick, driver of the No. 45 Jordan Brand Toyota, on the grid during practice for the NASCAR Cup Series South Point 400 at Las Vegas Motor Speedway on Oct. 14, 2023 in Las Vegas.
">Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, speaks to Bubba Wallace, driver of the No. 23 DoorDash Toyota, and Tyler Reddick, driver of the No. 45 Jordan Brand Toyota, on the grid during practice for the NASCAR Cup Series South Point 400 at Las Vegas Motor Speedway on Oct. 14, 2023 in Las Vegas.
" src=https://ift.tt/0M8WUdy class=caas-img>NASCAR Cup Series Team 23XI owner Michael Jordan watches a video board as NASCAR Cup Series driver Bubba Wallace (23) races during the Cook Out Southern 500 at Darlington Raceway on Sept. 1, 2024 in Darlington, South Carolina.
" data-src=https://ift.tt/KPduDTS class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
NASCAR Cup Series Team 23XI owner Michael Jordan watches a video board as NASCAR Cup Series driver Bubba Wallace (23) races during the Cook Out Southern 500 at Darlington Raceway on Sept. 1, 2024 in Darlington, South Carolina.
">NASCAR Cup Series Team 23XI owner Michael Jordan watches a video board as NASCAR Cup Series driver Bubba Wallace (23) races during the Cook Out Southern 500 at Darlington Raceway on Sept. 1, 2024 in Darlington, South Carolina.
" src=https://ift.tt/KPduDTS class=caas-img>Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, looks on during the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway on Sept. 1, 2024 in Darlington, South Carolina.
" data-src=https://ift.tt/fCQy7tH class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, looks on during the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway on Sept. 1, 2024 in Darlington, South Carolina.
">Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, looks on during the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway on Sept. 1, 2024 in Darlington, South Carolina.
" src=https://ift.tt/fCQy7tH class=caas-img>The 2024 regular season champion, Tyler Reddick, driver of the No. 45 Upper Deck Toyota, poses with 23XI Racing's Curtis Polk, Denny Hamlin and Michael Jordan after the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway on Sept. 1, 2024 in Darlington, South Carolina.
" data-src=https://ift.tt/zTLqABv class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
The 2024 regular season champion, Tyler Reddick, driver of the No. 45 Upper Deck Toyota, poses with 23XI Racing's Curtis Polk, Denny Hamlin and Michael Jordan after the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway on Sept. 1, 2024 in Darlington, South Carolina.
">The 2024 regular season champion, Tyler Reddick, driver of the No. 45 Upper Deck Toyota, poses with 23XI Racing's Curtis Polk, Denny Hamlin and Michael Jordan after the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway on Sept. 1, 2024 in Darlington, South Carolina.
" src=https://ift.tt/zTLqABv class=caas-img>Co-owners of 23XI Racing, Denny Hamlin, driver of the No. 11 FedEx One Rate Toyota, and NBA Hall of Famer Michael Jordan talk on the grid after the NASCAR Cup Series YellaWood 500 at Talladega Superspeedway on Oct. 6, 2024 in Talladega, Alabama.
" data-src=https://ift.tt/lhKFvI2 class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Co-owners of 23XI Racing, Denny Hamlin, driver of the No. 11 FedEx One Rate Toyota, and NBA Hall of Famer Michael Jordan talk on the grid after the NASCAR Cup Series YellaWood 500 at Talladega Superspeedway on Oct. 6, 2024 in Talladega, Alabama.
">Co-owners of 23XI Racing, Denny Hamlin, driver of the No. 11 FedEx One Rate Toyota, and NBA Hall of Famer Michael Jordan talk on the grid after the NASCAR Cup Series YellaWood 500 at Talladega Superspeedway on Oct. 6, 2024 in Talladega, Alabama.
" src=https://ift.tt/lhKFvI2 class=caas-img>Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, walks the grid prior to the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway on Oct. 27, 2024 in Homestead, Florida.
" data-src=https://ift.tt/h5Tn1YH class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, walks the grid prior to the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway on Oct. 27, 2024 in Homestead, Florida.
">Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, walks the grid prior to the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway on Oct. 27, 2024 in Homestead, Florida.
" src=https://ift.tt/h5Tn1YH class=caas-img>Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, and Tyler Reddick, driver of the No. 45 The Beast Killer Sunrise Toyota, celebrate after winning the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway on Oct. 27, 2024 in Homestead, Florida.
" data-src=https://ift.tt/0MzysO7 class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, and Tyler Reddick, driver of the No. 45 The Beast Killer Sunrise Toyota, celebrate after winning the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway on Oct. 27, 2024 in Homestead, Florida.
">Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, and Tyler Reddick, driver of the No. 45 The Beast Killer Sunrise Toyota, celebrate after winning the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway on Oct. 27, 2024 in Homestead, Florida.
" src=https://ift.tt/0MzysO7 class=caas-img>Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing speaks, to Ryan Blaney, driver of the No. 12 Menards/Richmond Water Heaters Ford, after the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway on Oct. 27, 2024 in Homestead, Florida.
" data-src=https://ift.tt/NiZCrSu class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing speaks, to Ryan Blaney, driver of the No. 12 Menards/Richmond Water Heaters Ford, after the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway on Oct. 27, 2024 in Homestead, Florida.
">Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing speaks, to Ryan Blaney, driver of the No. 12 Menards/Richmond Water Heaters Ford, after the NASCAR Cup Series Straight Talk Wireless 400 at Homestead-Miami Speedway on Oct. 27, 2024 in Homestead, Florida.
" src=https://ift.tt/NiZCrSu class=caas-img>Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, looks on during the NASCAR Cup Series Championship Race at Phoenix Raceway on Nov. 10, 2024 in Avondale, Arizona.
" data-src=https://ift.tt/gduR6eq class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, looks on during the NASCAR Cup Series Championship Race at Phoenix Raceway on Nov. 10, 2024 in Avondale, Arizona.
">Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, looks on during the NASCAR Cup Series Championship Race at Phoenix Raceway on Nov. 10, 2024 in Avondale, Arizona.
" src=https://ift.tt/gduR6eq class=caas-img>23XI Raching team owner Michael Jordan watches Tyler Reddick during the Goodyear 400 at Darlington Raceway on April 6, 2025 in Darlington, South Carolina.
" data-src=https://ift.tt/LqcQtG6 class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
23XI Raching team owner Michael Jordan watches Tyler Reddick during the Goodyear 400 at Darlington Raceway on April 6, 2025 in Darlington, South Carolina.
">23XI Raching team owner Michael Jordan watches Tyler Reddick during the Goodyear 400 at Darlington Raceway on April 6, 2025 in Darlington, South Carolina.
" src=https://ift.tt/LqcQtG6 class=caas-img>Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, looks on during the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway on Aug. 31, 2025 in Darlington, South Carolina.
" data-src=https://ift.tt/V40FobJ class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, looks on during the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway on Aug. 31, 2025 in Darlington, South Carolina.
">Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, looks on during the NASCAR Cup Series Cook Out Southern 500 at Darlington Raceway on Aug. 31, 2025 in Darlington, South Carolina.
" src=https://ift.tt/V40FobJ class=caas-img>Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, listens to the race on pit road during the NASCAR Cup Series Bank of America ROVAL 400 at Charlotte Motor Speedway on Oct. 5, 2025 in Concord, North Carolina.
" data-src=https://ift.tt/M2K4GIW class=caas-img data-headline="Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races" data-caption="
Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, listens to the race on pit road during the NASCAR Cup Series Bank of America ROVAL 400 at Charlotte Motor Speedway on Oct. 5, 2025 in Concord, North Carolina.
">Michael Jordan, NBA Hall of Famer and co-owner of 23XI Racing, listens to the race on pit road during the NASCAR Cup Series Bank of America ROVAL 400 at Charlotte Motor Speedway on Oct. 5, 2025 in Concord, North Carolina.
" src=https://ift.tt/M2K4GIW class=caas-img>
1 / 23Michael Jordan: 23 images of the NBA Hall of Famer, NASCAR team owner at races
(L-R) Charlotte Bobcats President Fred Whitfield and NBA legend Michael Jordan greet Dale Earnhardt Jr., driver of the No. 8 Budweiser Chevrolet, prior to the NASCAR Nextel Open on May 19, 2007 at Lowe's Motor Speedway in Concord, North Carolina. Michael Jordan signs his autograph on a pair of shoes for Earnhardt.
Hamlin's testimony was among the highlights in the federal courtroom Tuesday, Dec. 2 in Charlotte, North Carolina, where the case is being heard. Jeff Gluck of The Athletic wrote of the testimony that lasted about four hours over two days, "It was extremely bitter and emotionally charged, as Hamlin's anger toward NASCAR was on full display.''According to the , Hamlin was asked why on podcast appearances he paints a rosier picture of NASCAR?
"You can take all my things out of context and paint a picture that everything is fine," Hamlin said, according to the . "The reality is, (being) negative affects me in (technical inspection), getting called to the hauler, NASCAR not liking what I said."
Hamlin also tried to explain texts on possibly selling part of his share of the team, according to Bob Pockrass of FOX Sports, who of Hamlin's explanations wrote on X, "He said at one point he was frustrated and needed to get the ownership group attention. And long term he would want to sell to make money, that's business 101."
NASCAR executive takes stand
Scott Prime, Executive Vice President and Chief Strategy Officer for NASCAR, took the stand Tuesday.
FOX Sports' Pockrass wrote on X that Prime was "being grilled by 23XI atty Jeffrey Kessler on early charter negotiation strategy'' and his and NASCAR President Steve O'Donnell's reaction to LIV Golf and early team negotiating demands."
Adam Stern of the Sports Business Journal wrote, "(Kessler) said NASCAR's actions and internal messages show its executives tried to ward off potential competition and had taken note of how LIV Golf was disrupting golf. The teams charge that NASCAR did this through actions such as tying up tracks with onerous exclusivity agreements, underpaying teams and putting intellectual property patents on its race cars to make them unusable elsewhere."
NASCAR finances
Jenna Fryer of the filed a report with revealing financial figures that offer context in the court case.
$20 million: How much Hamlin said it costs a year to run one race car a year, while NASCAR CEO Jim France said it should cost only $10 million a year.
$100 million: How much Hamlin said he and Jordan have spent building 23XI Racing since it was founded in September 2020.
$100 million: NASCAR made slightly more than that during 2024, according to the pretrial discovery process. It's also the amount Front Row Motorsports has lost since it started in 2004, according to team owner Bob Jenkins, whose team is a plaintiff in the case.
$5 billion: The value of NASCAR based on a 2023 evaluation by Goldman Sachs, according to attorney Jeffrey Kessler, who represents 23XI Racing.
This article originally appeared on USA TODAY: NASCAR trial Day 2 updates, what Denny Hamlin said
Source: "AOL Sports"
Source: Sports
Published: December 03, 2025 at 12:27AM on Source: ANDY MAG
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