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Wood, who received 44 percent of the vote, was credited with helping revolutionize pit stops with Wood Brothers Racing. His team has amassed 98 victories, including this year's Daytona 500.
"I didn't come here alone. I had a lot of help," Wood said. "There's five of us brothers. All of those helped at one time or another. And Leonard has been there all along for the whole 60-something years."
But Leonard Wood missed the cut. There was a debate among voters on whether the brothers should be enshrined at the same time.
"We're in several hall of fames and we always went in as one," Leonard Wood said. "So that's kind of the way we preferred it, but it's OK. If I ever get in, it would be just double fun."
Waltrip and Yarborough had the most championships not among the first 10 inductees, and their exclusion from last year's class drew scrutiny.
David Pearson was considered the only lock for the group inducted last month. Fellow driver Bobby Allison, Petty Enterprises patriarch Lee Petty, driver and broadcaster Ned Jarrett and car owner Bud Moore were selected ahead of Waltrip and Yarborough.
"It doesn't matter," Yarborough said. "Everybody wants to go in the first year, but it just doesn't work out that way."
Moore had campaigned strongly for Cotton Owens, driver-owner, who won 1966 owner championship with Pearson. Moore sat next to the 87-year-old Owens, who was one of the 20 finalists not to get in.
"Yes, it was by far harder than the first two (votes)," said Tom Higgins, who covered NASCAR for 34 years for The Charlotte Observer. "It was because there were two or three more that were very, very deserving. I changed my vote when I went in, I had Darrell, Cale and Dale Inman for sure, and I had two more, and I switched both of those. Next year I certainly hope Cotton Owens makes it."
The class will be inducted in the downtown Charlotte facility in January, a change from the May ceremony the past two years.
"The toughest thing was deciding who not to vote for," NASCAR president Mike Helton said. "This one certainly had a Hall of Fame feel to it."
[Associated Press;
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