Sprint Cup points leader Matt Kenseth is in his final season with Roush Fenway Racing.
Kenseth's No. 17 Ford and other cars in the team's stable continue to face funding issues. The Ford will have multiple short-term sponsors for the rest of the season, including Fifth Third Bank and Best Buy. Co-owner Jack Roush said in May that money wouldn't prevent the team from retaining Kenseth.
"Of course, I'd like to thank Matt for his many years of loyal service," Roush said in a statement. "Matt has been an integral part of this organization for well over a decade, and we are extremely appreciative of his accomplishments and contributions to the team.
"The No. 17 is positioned extremely well this season, and I'm committed to providing the best resources to continue their run for the 2012 championship. I have no doubt Matt will do his part."
Kenseth has 11 top-10 finishes in 16 starts this season and 22 career victories.
Reports surfaced before last week's Sprint Cup race at Sonoma that Kenseth might be on the move. Joe Gibbs Racing, which faces a contract decision on Joey Logano, is considered a favorite to land Kenseth.