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23XI Sticks with Bubba Wallace

The two-time Cup winner has signed a two-year extension with the Denny Hamlin / Michael Jordan team.

Bubba Wallace and 23XI Racing have agreed to a two-year contract extension. Wallace has two career Cup wins and has been a borderline playoff driver since joining the team beginning with the 2021 season.

That basic adequacy might seem unacceptable for a two-car team whose other driver just won the regular season championship. However, despite my dislike of Spire's recruitment of Michael McDowell's mediocrity, I think this is a fine match. Statistically speaking, Wallace was more deserving of a playoff spot than a handful of drivers who made it on wins. His average finish had been monotonically increasing from his first full season in 2018 through to 2023. In 2024, he's taken a step back — but at 16.32, it rates as his career second-best. The pattern holds across the board: from 2020 to date, his average running position has improved every year, and from 2018 to date, his success rate has never declined.

Season Age Car Starts Wins ASP ARP AFP Succ%
2018 24 43 36 0 24.75 - 24.50 36.1
2019 25 43 36 0 24.33 - 23.94 36.1
2020 26 43 36 0 22.22 20.12 21.08 50.0
2021 27 23 36 1 19.94 18.24 19.67 50.0
2022 28 - 35 1 18.43 16.17 18.29 54.3
2023 29 23 36 0 12.44 13.74 15.89 63.9
2024 30 23 28 0 14.32 13.15 16.32 64.3

His advanced metrics again show the same pattern:

Season Age Car Starts ASP ARP wARP AFP PFAE Succ% GR-LR
2018 24 43 36 24.75 - - 24.50 -2.453 36.1 -
2019 25 43 36 24.33 - - 23.94 -2.306 36.1 -
2020 26 43 36 22.22 20.12 19.83 21.08 -0.532 50.0 0.13
2021 27 23 36 19.94 18.24 18.15 19.67 -0.558 50.0 0.23
2022 28 - 35 18.43 16.17 16.04 18.29 0.196 54.3 0.42
2023 29 23 36 12.44 13.74 14.32 15.89 0.253 63.9 0.66
2024 30 23 28 14.32 13.15 12.75 16.32 0.790 64.3 0.59

Putting aside (perfectly valid) concerns about him not winning in what Reddick has shown is top-class equipment, my biggest concern with Wallace is a lack of specialty. Below is how he rates each track type in the Cup series on a percentile basis (from his Lap Raptor profile). No discipline is particularly strong; his best is short tracks, but no one would consider him a short track ace. The numbers agree: between 2023 and 2024, his short track AFP of 15.35 is 14th best, and his PFAE of 1.01 is 17th best. He does have the series-best success rate on shorts over the same period, indicating consistency, if no flash.

Short at 0.76
Inter at 0.60
Long at 0.70
Super at 0.67
Road at 0.64

However, credit to Wallace for continuing to improve. He's rewarding the investment that 23XI has made in him. A two-year deal is appropriate for a driver in his early 30s to show he can continue to improve. If he does, expect 2-4 wins over the life of the deal.

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