Mike Wallace announced he'd attempt the Daytona 500 at age 65. Ten days later, NASCAR says 'not so fast.' Here's the reason.

NASCAR has not approved former driver Mike Wallace to compete in the Daytona 500, a NASCAR spokesperson confirmed Monday night to NBC Sports. MBM Motorsports announced Jan. 2 that the 65-year-old Wallace would drive for the team in its attempt to make the Feb.

Mike Wallace’s hopes of a Daytona 500 comeback have been dashed by NASCAR, citing his age, recent inactivity, and perhaps lingering shadows from a 2020 suspension.