CHARLOTTE, N.C. – NBA legend Michael Jordan and three-time Daytona 500 winner Denny Hamlin have announced today that their newly-formed NASCAR Cup Series team will be named 23XI Racing.

Pronounced twenty-three eleven, the single-car team will field the No. 23 entry for driver Bubba Wallace next season.

The announcement made on the team’s new social media channels also revealed the 23XI Racing team logo.

With Wallace behind the wheel, 23XI Racing will make its first official NASCAR Cup Series start in the Daytona 500 at Daytona (Fla.) Int’l Speedway on Feb. 14.

“Michael and I have a shared vision for this team, so it’s exciting to see it reflected in the team name and on the race car with the iconic No. 23 that Michael made famous,” said team co-owner Hamlin.