JR Motorsports has run in the second-tier Xfinity Series since 2006, but a Daytona 500 attempt with Justin Allgaier marks the team's first-ever Cup Series entry.

This marks the first time JR Motorsports has entered a car in a Cup race and it comes at the event Dale Earnhardt Jr. won twice as a driver.

The 67th Daytona 500 is scheduled for Feb. 16. It will be Dale Earnhardt Jr.'s Cup Series debut as a team owner. He's a two-time Daytona 500 winner.

On Jan, 2 MBM Motorsports announced Mike Wallace would return to NASCAR and compete in the Daytona 500. MBM confirmed on Monday Wallace was disqualified from the Daytona 500 and other competitions in NASCAR due to him not competing in a Cup Series race since 2015.

NASCAR faces fan backlash after denying Mike Wallace clearance to race in the Daytona 500, citing his prolonged absence from the sport.

Team says NASCAR has decided that "due to lack of recent races in major professional motorsports," the 65-year-old Wallace won't be allowed to attempt comeback."