Bubba Wallace Offered Ownership Stake to Stay at Richard Petty Motorsports

by Jacklyn Krol

Richard Petty Motorsports offered William Darrell “Bubba” Wallace Jr. an ownership stake. Wallace’s contract will expire at the end of the season and he will become a free agent.

The Offer

Richard Petty Motorsports majority team owner Andrew Murstein told Forbes that he offered Wallace an ownership stake in the No. 43 car. The motivation behind the offer is to keep him on the team for the 2021 season.

“We’re in discussions with him about an extension that includes ownership in the team,” Murstein told the outlet. Additionally, he expects the agreement to be finalized “within the next couple of weeks.”

“There’s a plethora of drivers. There is only one Bubba,” Murstein added. “We went from probably having one meeting a week with a potential sponsor to five the last five weeks or so,” he continued. “I think Bubba is probably the most recognizable NASCAR driver now, other than Richard Petty. So we’ve got probably the two most recognizable names in the sport. It’s a marketer’s dream.”

All About Bubba Wallace

Wallace is the only full-time Black driver in NASCAR. This season he has become a household name after his activism and help with convincing NASCAR to ban the Confederate flag.

Yahoo Sports reported that this season he has finished in the top ten three times in the past twenty races. He is currently in the 20th standing and his average finish time is 20.0, which has improved almost four spots from last season.

Other Free Agents

Wallace isn’t the only free agent headed into the 2021 season, there are numerous drivers whose contracts will be expiring. 2012 series champion Brad Keselowski, who drives in the No. 2 Ford Mustang for Team Penske. Ryan Blaney will also become a free agent this season and could return to Penske. Alex Bowman is considering returning to Hendrick Motor Sports for 2021. This would be his fourth season with the company.

Finally, 2019 Playoff participants Kyle Larson, Erik Jones, and Aric Almirola will also become free agents.