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Michael Jordan and NASCAR settled a federal antitrust lawsuit, which accused the racing league of being a “monopolistic bully” on Thursday. NASCAR agreed to make the charters at the heart of its business model permanent for Cup Series teams.

The suit had gone on for more than a year, as Jordan’s 23XI Racing team competed without a charter for much of that time. Now, Jordan’s 23XI Racing and Front Row Motorsports, the two plaintiffs, will get their charters back after racing uncharted most of this past season.

The financial terms of the settlement were not disclosed, but an economist earlier testified 23XI and Front Row were owed over $300 million in damages.

“Today’s a good day,” Jordan said.

The settlement came on the ninth day of the trial

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