Denny Hamlin will remain at Joe Gibbs Racing and his 23XI Racing team will remain with Toyota as part of contract extensions announced Monday.

Hamlin indicated in the last month that he had agreed to terms with JGR earlier this year, but he co-owns 23XI Racing (with NBA legend Michael Jordan), and negotiations to extend their deal with Toyota as well with JGR for a technical alliance went deep into the summer.

All the deals had to be agreed to before any were signed, as Hamlin couldn’t drive a Toyota and own a car of a competing manufacturer.

“Joe Gibbs Racing has been my home for almost 20 years now,” Hamlin said in a JGR news release. “My relationship with Joe, my team, and everyone at JGR means a lot to me.

Denny Hamlin signs contract extension with Joe Gibbs Racing; 23XI remains with Toyota