23XI Racing, which is owned by Michael Jordan and Denny Hamlin, has announced that it did not sign the draft charter agreement that most teams signed on Friday night for NASCAR.

Sources claim that Bob Jenkins, the owner of Front Row Motorsports, has not signed. Jenkins operates restaurants.

After two years of negotiations between the teams and NASCAR, industry sources claim that on Friday night, the teams were informed that they may lose their charter for 2025 if they didn’t sign the most recent proposal.

The team ownership released a statement saying, “23XI decided to not meet a NASCAR-imposed deadline last night to sign Charter agreements for its two cars for 2025-2031.” According to a letter sent to NASCAR, 23XI’s stance is that we were not given the chance to justly negotiate a renewal of the Charter.

“We gave NASCAR written notice of the concerns that needed to be resolved by the deadline. In order to resolve these concerns and move forward in a way that strengthens the sport we all love, we are interested in having positive conversations with NASCAR.”

It’s unclear what would happen if they don’t sign—whether NASCAR would sell the charters or keep them until those teams sign. Presently, Stewart-Haas Racing has two charters, and both 23XI and Front Row anticipate obtaining one after this season.

Driving for and co-owner of RFK Racing and a former Cup champion, Brad Keselowski, said he wouldn’t characterize it as coerced signings for the teams.

Keselowski stated, “For us, we felt like it was right to do a deal and move forward,” at Atlanta Motor Speedway on Saturday during his mandatory at-track media availability session. “I may not always be aware of the source of an ultimatum. The word “forced” has a lot of weight.

“But we are getting to a spot where it’s important to get these things settled.”