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NASCAR reached a settlement Thursday of the bruising antitrust lawsuit filed against the stock car series by two of its race teams, including one co-owned by NBA great Michael Jordan.

NASCAR and 23XI Racing and Front Row Motorsports settled an antitrust lawsuit on Dec. 11 during trial. As a part of the settlement, NASCAR teams will have evergreen charters.

NBA legend Michael Jordan and star race car driver Denny Hamlin are celebrating after settling their lawsuit with NASCAR.