CONCORD, N.C. -- Dale Earnhardt Jr. will retire following the 2017 season, Hendrick Motorsports announced Tuesday. 

According to the team, the 14-time Most Popular Driver shared the news with members of his team Tuesday morning.

Hendrick Motorsports has scheduled a press conference for Tuesday afternoon for Earnhardt and team owner Rick Hendrick to discuss the decision. In a press release, Hendrick Motorsports said NASCAR's most popular driver first met with Hendrick about his decision on March 29. 

Hendrick Motorsports is expected to announce its 2018 plans at a later date. 

Earnhardt has 603 starts in NASCAR top series with 26 career victories, including two Daytona 500s. He is a two-time Xfinity Series champion.