Alex Bowman and Daniel Suarez sign multi-year Cup contract extension ahead of the 2023 Daytona 500

Alex Bowman and Daniel Suarez visited the victory one time each last season.

Alex Bowman and Daniel Suarez sign multi-year Cup contract extension ahead of the 2023 Daytona 500

Daniel Suarez and Alex Bowman

NASCAR Cup series drivers Alex Bowman and Daniel Suarez have signed multiyear Cup contract extensions. Bowman will stay with the iconic No:48 team, and his primary sponsor Ally has also extended their partnership deal with Hendrick Motorsports.  Suarez will remain with the Trackhouse Racing No:99 team and will enjoy job security for the first time since his Cup debut.

Both driver contracts were set to end at the end of the 2023 season. Bowman extended his stay with HMS for two years in 2021, while Suarez signed a one-year extension halfway through the 2022 seasons.  The extension is a big boost for both drivers, especially Bowman, who had a lackluster 2022 season. He suffered a concussion during the playoffs and had to sit out before making a return in the season finale.

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Alex Bowman scored just one win last season and scored 11 top 10s. He has been a regular in the playoff since moving to HMS in 2018, but unlike his teammates, Kyle Larson and Chase Elliott, Bowman is yet to prove that he is championship material. Though he has job security going into the 2023 season and beyond, Bowman needs to step up in 2023; after all, he inherited the No:48 team from Jimmie Johnson.

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Daniel Suarez is settling into the Cup series extremely well with Trackhouse Racing and, for the first time in their career, doesn’t have the Cup seat on the line. Though he was outclassed by teammate Ross Chastain last year, Suarez proved his worth with the Historic win in Sonoma. The 2016 Xfinity series Champion will have the car to challenge for wins in all races in 2023, and the friendly competition between him and Chastain will benefit the team this year.

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Alex Bowman and Daniel Suarez open up about their contract extension

Alex Bowman and Daniel Suarez
Alex Bowman and Daniel Suarez

“It’s hard to put into words what this opportunity means to me. Having support from a sponsor like Ally, a car owner like Mr. Hendrick, and a team like Hendrick Motorsports is everything you could want as a race car driver. I’m pumped about what’s in store for the Ally 48 this season and love the direction we’re heading. We have a lot to accomplish, and it starts this week in Daytona,” said Alex Bowman.

“Trackhouse is my home, and I am very happy with this announcement. We are building something special on the No. 99 team at Trackhouse Racing. We can’t wait to get the season started Sunday,” Daniel Suarez said about the extension.

“We’re thrilled to extend with Alex, who is one of NASCAR’s most exciting young stars. In addition to being hugely talented, he has incredible passion and commitment that set him apart. He’s a proven winner, and I don’t know anyone who has worked harder to reach this level. The opportunity to continue our relationships with Alex and everyone at Ally is a great way to kick off 2023. It’s a tremendous combination,” HMS owner Rick Hendrick said about the extension.

“Obviously, everyone at Trackhouse Racing is pleased with the performance and professionalism of Daniel both on and off the track. Culture has been of prime importance since the idea of Trackhouse existed only on a whiteboard in an office. Daniel has fulfilled every expectation, and we look, forward to the future. The best is yet to come,” Trackhouse Racing owner Justin marks said about Suarez’s extensions.

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