DEAL DONE: Bubba Wallace Inks Massive \$215 Million Contract with Hendrick Motorsports
May 17, 2025 – Charlotte, NC
In a groundbreaking and unexpected move that has stunned the NASCAR world, Bubba Wallace has signed a record-shattering \$215 million multi-year deal with Hendrick Motorsports, marking one of the most high-profile and lucrative driver contracts in the history of the sport.
The deal, which was finalized earlier this morning at Hendrick headquarters in Charlotte, North Carolina, brings Wallace to the powerhouse organization beginning with the 2026 NASCAR Cup Series season. The contract is set for five years and includes performance-based incentives, equity in select team ventures, and a pioneering leadership role in Hendrick’s growing diversity and community outreach programs.
Wallace, currently racing for 23XI Racing — the team co-owned by Michael Jordan and Denny Hamlin — will finish out the 2025 season before making the highly anticipated transition.
> “This is a dream come true,” Wallace said during the official press conference. “I’m honored to join Hendrick Motorsports, a team with such a legendary legacy. I’m grateful for everything 23XI gave me — they helped shape me into the driver and man I am today. But now, it’s time for a new chapter, and I’m ready to chase championships.”
The Largest Driver Deal in NASCAR History
At \$215 million, Wallace’s deal eclipses previous NASCAR contract records and aligns with high-end deals seen in Formula 1 and the NFL. Sources indicate that the package includes a base salary exceeding \$30 million annually, with the remainder made up of endorsements, brand partnerships, equity options, and championship bonuses.
Rick Hendrick, founder and owner of Hendrick Motorsports, called the deal a “historic moment for the sport.”
> “We believe in Bubba. His talent, marketability, leadership, and fight are everything this team stands for,” said Hendrick. “He’s not just coming here to drive — he’s coming here to win, to lead, and to make a lasting impact on and off the track.”
Wallace is expected to take over the **No. 5 Chevrolet**, currently piloted by Kyle Larson, who will reportedly transition to a part-time role to focus on a crossover career in IndyCar and endurance racing. Hendrick Motorsports has yet to confirm the full scope of 2026 driver lineups.
A Career on the Rise
Wallace’s journey has been one of perseverance, talent, and social impact. Since breaking into the Cup Series full-time in 2018, he has become one of the sport’s most recognized and influential figures. His 2021 and 2023 Cup Series wins, along with multiple playoff appearances, cemented his reputation as a competitive force.
Beyond racing, Wallace has been an outspoken advocate for inclusion and change within NASCAR, spearheading initiatives that have broadened the sport’s reach and diversified its fanbase.
This new chapter with Hendrick is seen as a bold move — not only for Wallace but for NASCAR’s evolution as a mainstream, forward-thinking sport.
Industry and Fan Reactions
News of the signing lit up social media Saturday morning, with fans, drivers, and analysts offering both surprise and excitement.
Jeff Gordon, Vice Chairman at Hendrick Motorsports, tweeted: “Big day for the team. Bubba brings heart, speed, and a championship mindset. Let’s go!”
NASCAR President Steve Phelps also weighed in: “This is a win for the sport. Bubba’s star continues to rise, and we’re thrilled to see what the future holds.”
Wallace’s first race with Hendrick will come at the 2026 Daytona 500 — an event now expected to draw massive global attention.
With the ink dry and the path set, Bubba Wallace is ready to chase greatness — this time in Hendrick blue.
