Lowe’s will not return as Jimmie Johnson’s sponsor in 2019

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Hendrick Motorsports announced Wednesday that Lowe’s will not return to sponsor the No. 48 team and Jimmie Johnson after this season. Lowe’s, along with its vendors, are to be the primary sponsor on Johnson’s car for all 38 races this year (36 points races, two non-points events).

“Working with Hendrick Motorsports, Jimmie, Chad (Knaus) and the entire No. 48 team has been an incredible journey,” said Michael P. McDermott, Lowe’s chief customer officer, in a statement. “Rick Hendrick and his organization have been exceptional partners, and we could not have asked for more from Jimmie – a consummate champion and an incredible representative for our brand and his sport.

“The No. 48 team is a valuable property and has been an integral part of building the Lowe’s brand, which makes today’s decision difficult as we now look to invest in other strategic initiatives. Although we are evolving our strategy, there’s no question that being a part of seven championships and many history-making moments has been valuable for Lowe’s.”

A spokesperson for Lowe’s told NBC Sports that the company will not be sponsoring any other Cup team or NASCAR after the 2018 season.

Said car owner Rick Hendrick in a statement: “We are so appreciative of everyone at Lowe’s. They have been amazing partners. With seven championships, this program has delivered far beyond what anyone could have imagined. It goes without saying that we will fully support Lowe’s and our program together in 2018 as we pursue another championship. The success of the relationship has been unbelievable.”

Lowe’s has been with Hendrick Motorsports since 2001. In 2015, Lowe’s signed a two-year extension. Lowe’s extended the deal last year through 2018 only.

Since 2001, Johnson has won seven Cup championships and 83 races. Johnson signed signed a contract extension last June with Hendrick Motorsports through the 2020 season. Crew chief Chad Knaus’ contract ends after this season.

“I’ll always be grateful to Lowe’s for taking a chance on me and believing that I could win,” Johnson said in a statement from the team. “I’m not sure where I’d be right now if they hadn’t committed to the No. 48 team. It’s hard to see them move on, but we’ve made history together and celebrated so much success on and off the track. There’s still a lot left to do in 2018.

“I have more to accomplish in this sport. I feel the best I’ve ever felt physically. I’m motivated. I’m focused on winning races and chasing more championships. Someone (a new sponsor) will be a big part of writing that story with us. I’m not going anywhere.”

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NASCAR teams, groups approved for millions in federal COVID-19 loans

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Several NASCAR teams and related organizations were approved for between $150,000 and $10 million in loans under the Paycheck Protection Program (PPE), according to data provided Monday.

The U.S. Small Business Administration posted a list of PPP loan data on the U.S. Department of the Treasury website. The Paycheck Protection Program was included in the Coronavirus Aid Relief and Economic Security (CARES) Act that was established to help businesses weather the financial stress of the novel coronavirus (COVID-19) pandemic.

Among the many NASCAR teams, racetracks and related organizations (with data including the range of the loan and the number of jobs retained):

* Richard Childress Racing ($5-$10 million, 334 jobs)

* Chip Ganassi Racing with Felix Sabates ($2-5 million, 179 jobs)

* Roush Fenway Racing ($2-5 million, 179 jobs)

* Roush & Yates Racing Engines ($2-5 million, 192 jobs)

* JTG Daugherty Racing ($1-2 million, 88 jobs)

* GMS Racing ($1-$2 million, 89 jobs)

* Kyle Busch Motorsports ($1-$2 million, 71 jobs)

* JR Motorsports ($1-$2 million, 88 jobs)

* Germain Racing ($350,000-$1 million, 41 jobs)

* Richard Petty Motorsports ($350,000-$1 million, 43 jobs)

* Dale Earnhardt Inc. ($350,000-$1 million, 55 jobs)

* DGR-Crosley ($350,000-$1 million, 67 jobs)

* Premium Motorsports ($350,000-$1 million, 46 jobs)

* Pocono International Raceway ($350,000-$1 million, 142 jobs)

* Hattori Racing ($150,000-$350,000, 16 jobs)

* Jimmie Johnson Racing ($150,00-$350,000, 8 jobs)

* Motor Racing Outreach ($150,000-$350,000, 9 jobs)

* Rev Racing ($150,000-$350,000, 12 jobs)

* Starcom Racing ($150,000-$350,000, 20 jobs)

* Kaulig Racing ($350,000-$1 million, 36 jobs)

* Mesa Marin Raceway ($150,000-$350,000, 16 jobs)

* Bill McAnally Racing ($150,000-$350,000, 19 jobs)

* Young’s Motorsports ($150,000-$350,000, 0 jobs)

* JD Motorsports ($150,000-$350,000, 0 jobs)

In a statement accompanying the data, the SBA said the data was for businesses that were approved for PPP loans but “does not reflect a determination by SBA that the borrower is eligible for a PPP loan or entitled to loan forgiveness. All PPP loans are subject to SBA review, and all loans over $2 million will automatically be reviewed.”

Contributing: Nate Ryan

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Bump and Run: Should Cup race on the Indy road course?

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Should the Cup Series remain on the oval at Indy or should it move to the road course like Xfinity did this weekend?

Dustin Long: I’d rather see what the Next Gen car could do on the oval before abandoning that for the the road course. Stay on the oval for now.

Daniel McFadin: I’m firmly in the #MoreRoadCourses camp and Cup should give Indy’s a shot. It doesn’t need to replace the oval race, but Saturday’s Xfinity race was more memorable than any Brickyard 400 in my memory.

Jerry Bonkowski: Both. I think NASCAR should hold a weekend doubleheader at Indy next season (and beyond), with a road course race on Saturday and oval race on Sunday. For even added measure, switch them around for every other subsequent year.

Chase Briscoe said before the season started he felt he needed at least 8 Xfinity wins to move up to Cup. He now has five victories through 13 races. How many wins will he get this year?

Dustin Long: Twelve.

Daniel McFadin: I had my doubts Briscoe could get to eight wins, mostly because he’d never had more than one win in his previous two Xfinity seasons. But he arguably should be at six wins. I think he’ll at least get to nine wins.

Jerry Bonkowski: I can see him winning nine races at least … and maybe as many as 12. He is definitely on a roll and no one else is even close to him, not just in wins but overall performance.

Kyle Busch has one win in the last 38 Cup races. Does he win in any of the next four points races (Kentucky, Texas, Kansas and New Hampshire)?

Dustin Long: No. Team hasn’t shown elite level speed to contend for wins. He’s led 130 laps this season and 100 of those laps came at Bristol. Can’t lead, can’t win.

Daniel McFadin: I think he wins one of them. If he doesn’t, then his team will be on red alert when teammate Denny Hamlin is on a roll right now.

Jerry Bonkowski: I think Texas offers him the best opportunity to win at in the next four tracks. He’s won there three times there in his Cup career (he’s also won three times at New Hampshire, which would be my secondary choice for Busch). There’s just something about Texas that seems to bring out the best in Busch and the No. 18.

Xfinity playoff grid after Indianapolis

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Chase Briscoe‘s continued dominance of the Xfinity Series over the weekend on the Indianapolis road course ensured no additional drivers locked themselves into the 12-driver playoff field.

Through 13 races, Briscoe and four other drivers have qualified for the playoffs via race wins. Briscoe, who has five race wins, leads the field with 28 playoff points.

The last two drivers currently in the top 12 are Riley Herbst (+19 points above cutline) and Brandon Brown (+6 points).

The first four drivers outside the top 12 are Myatt Snider (-6), Alex Labbe (-32), Jeremy Clements (-49) and Josh Williams (-57).

Cup Series playoff grid after Brickyard 400

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With Kevin Harvick‘s victory Sunday in the Brickyard 400, no additional drivers locked themselves into the Cup Series playoff field.

But there was some movement at the bottom of the playoff grid as drivers jockey to make the 16-car field.

After he missed the race due to his COVID-19 diagnosis, Jimmie Johnson fell from 12th to 15th on the grid. He’s now 36 points above the cutline.

Matt DiBenedetto earned stage points in each stage before finishing 19th. He moved from 14th to 12th in the standings.

After earning stage points in both stages Sunday, Austin Dillon has cracked the top 16, moving up one spot. He has a six-point advantage over Erik Jones, who crashed out of Sunday’s race and had a 14-point advantage over Dillon entering the weekend.

With his ninth-place finish Sunday, Bubba Wallace is now within reach of the top 16. He sits at 19th, 42 points back from 16th.

Here’s the full playoff grid.