CHARLOTTE, N.C. -- Saturday's Bank of America 500 at Charlotte Motor Speedway was postponed to Sunday after torrential rain from Hurricane Matthew drenched the Carolinas Saturday morning.

The decision to postpone the race was announced at 10:30 a.m.

The NASCAR Xfinity Series race, which was postponed due to rain on Friday, will be run 45 minutes after the Bank of America 500 finishes Sunday. Charlotte Motor Speedway announced that tickets to the Bank of America 500 will also be good for the Drive for the Cure 300. Admission for the Xfinity Series race will begin immediately following the Bank of America 500.

Saturday's postponement marks the second consecutive year the Bank of America 500 has been moved to the following Sunday due to rain. Joey Logano is the defending race winner.