Jan 10, 2013; Daytona Beach, FL, USA; NASCAR Sprint Cup Series driver Kyle Busch during Preseason Thunder testing at Daytona International Speedway. Mandatory Credit: Douglas Jones-USA TODAY Sports

Kyle Busch Signed Contract Extension in December


Just weeks into 2013 and weeks away from the Daytona 500, and rumors went wild that Kyle Busch had signed a new contract to extend his stay at Joe Gibbs Racing.

Two sources told USA Today that Busch had actually signed the contract extension back in December before the new year even came around. The sources disclosed their names as Joe Gibbs Racing had yet to make an official announcement about the deal.

Busch’s current contract was set to expire after the 2013 season.

With Busch signing a new multi-season contract, all three of the Sprint Cup Series drivers for Joe Gibbs Racing are set for the next few seasons.

While the contract’s details of the length of them have not been publically released, it is highly speculated that all three drivers have signed a multi-year deal that will be up for renewal in three season. So Busch, Matt Kenseth, and Denny Hamlin are all safe and sound until 2015-2016.

Signing a new multi-year deal shows that both Busch and Joe Gibbs Racing are committed to each other and winning a championship together as a team. Busch has been let down greatly by the team over the last two seasons, especially last season (2012) with so many engine and parts failures that cost him a chance to race in the 2012 Chase for the Sprint Cup.

Mars’ contract as the sponsor of Busch and the #18 ride are up for grabs at the end of the season and it seems they will re-sign, but Busch has upset Mars Company on several occasions with his behavior and that may send them packing now that they have a chance!

Tags: Joe Gibbs Racing Kyle Busch NASCAR Sprint Cup Series