NASCAR has reached a settlement with Michael Jordan and the other plaintiffs in an federal antitrust case with the trial in its ninth day.

On Thursday, 23XI Racing and Front Row Motorsports announced their settlement with NASCAR following more than a year-long legal battle in a federal antitrust case that could’ve destroyed the sport.

Jeffrey Kessler, the attorney representing 23XI Racing and Front Row Motorsports in the teams’ antitrust lawsuit against NASCAR, told Judge Kenneth Bell that the parties had reached a settlement “in a...