NBA legend Michael Jordan is trying his hand at another sport, starting up a NASCAR team with Bubba Wallace as the driver.

Jordan announced Monday that he's joining with three-time Daytona 500 winner Denny Hamlin to form a team that will compete in the NASCAR Cup Series starting next season. 

"Growing up in North Carolina, my parents would take my brothers, sisters and me to races, and I've been a NASCAR fan my whole life," Jordan said. "The opportunity to own my own racing team in partnership with my friend, Denny Hamlin, and to have Bubba Wallace driving for us, is very exciting for me." 

Jordan, who also played minor league baseball during his career, will serve as the principal owner of the still-to-be-named, single-car team, while Hamlin will maintain a minority stake as he continues to drive the No. 11 Toyota Camry for Joe Gibbs Racing. 

"It just makes sense now to lay the foundation for my racing career after I’m done driving and also help an up-and-coming driver like Bubba take his career to a higher level," Hamlin said.