Joe Gibbs Racing wants to extend the contract with Kyle Busch, but the driver does not seem interested in negotiating at this point. His contract is set to last through 2013, yet Joe Gibbs would prefer a longer commitment. Busch is rumored to be exploring other options for future seasons, and there is a strong possibility that he is considering creating his own Sprint Cup team.
Joe Gibbs Racing Wants an Extension
Why does Joe Gibbs Racing want a contract extension with Kyle Busch before the end of 2012? His current contract will last through the 2013 season, so there is no rush. In addition, his options with other teams are limited because he is not likely to accept an offer from a smaller group. Gibbs may be hoping to negotiate a lower rate because Kyle Busch has failed to reach the Chase this year.
Joe Gibbs may also be concerned about the potential of losing the driver after 2013 and mentioned, "It's always neat to have it done sooner than later." Although the team owner claims that there is no panic surrounding the contract, it seems that he would prefer to have a longer commitment set up as soon as possible.
Is Kyle Busch Considering His Own Sprint Cup Team?
Busch has not elaborated on his plans for the future and expectations beyond the 2013 NASCAR season. However, he may be considering the creation of his own competitive Sprint Cup team. Kyle Busch owns KBM (Kyle Busch Motorsports) with cars in both the Nationwide Series and Camping World Truck Series. This year, his brother, Kurt Busch has been driving for KBM in the Nationwide Series.
Kyle Busch has not mentioned a specific interest in expanding KBM to the Sprint Cup Series to the media, but he is rumored to be considering this option. Kyle Busch Motorsports has been successful in securing several sponsorships that include Monster Energy, Dollar General and Flexco. The team's 77,000-square-foot facility could certainly accommodate a move to the Sprint Cup, but KBM would have to secure more funding and more drivers to be truly competitive.
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Growing up in Indiana, Lana developed a love for motorsports at an early age. She follows NASCAR, IndyCar and Formula One. Follow @Lana_Bandoim on Twitter.