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Matt Kenseth Agrees to Contract Extension with Joe Gibbs Racing

Matt Kenseth Agrees to Contract Extension with Joe Gibbs Racing

by June 29, 2014 0 comments

Photo Credit: Gregory Shamus/Getty Images

SPARTA, Ky. — In a press conference on Saturday at the Kentucky Speedway, Matt Kenseth and Joe Gibbs Racing have announced that they have reached a contract extension that will keep Kenseth at the organization through the end of 2016.

Kenseth was not in a contract year this season as his contract was set to expire at the end of the 2015 Sprint Cup Series season. The extension places Kenseth’s contract expiration date in the same year as his teammate Kyle Busch – whose contract was already set to end at the conclusion of the 2016 season. Teammate Denny Hamlin’s deal is rumored to expire at the end of next season.

“Extending my deal with JGR is exciting and I’m still hoping we can match our win total from last year, but it’s really been a special year-and-a-half together,” Kenseth said. “Joe and J.D. have been fantastic and show a commitment to providing all of us with the resources needed for a winning organization and I’ve been blessed with a great team led by Jason [Ratcliff, crew chief.] The support we get from TRD has been tremendous and I’m excited for the future here with the No. 20 Dollar General team.”

Saturday’s press conference also provided an insight into the sponsorship situation surrounding the No. 20 team. With Home Depot pulling out of NASCAR altogether, the No. 20 team will lose its long-time sponsor that has had its name emblazoned on their race car since 1999. Existing sponsor, Dollar General, will step up their coverage of the No. 20 team in 2015 – sponsoring 30 races for Kenseth next year, up from 27 this year and up from 17 last year. Joe Gibbs also made it known during the conference that the team currently have another sponsor lined up to cover the remaining six races for Kenseth next year but were not in a position to make an announcement yet.

The topic of Busch’s sponsor, M&M’s, was brought up by members of the media during the event – Gibbs stated that no deal had been reached with the confectionary giant although he remained confident that a deal would be reached in the near future.

No word was spoken on the persistent rumors that Roush-Fenway Racing’s Carl Edwards may be coming over to Joe Gibbs Racing in 2015.

 

Kyle Pokrefky
Follow Kyle Pokrefky on Twitter at @KPokrefky

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