Furniture Row Racing to cease operations after 2018 season

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Furniture Row Racing, the reigning Cup championship team, announced Tuesday it will cease operations after this season, citing a lack of necessary funding.

“I’ve always felt that we could be a competitive team and run for a championship even when it seemed like a pipe dream to many racing insiders,” car owner Barney Visser said in a statement. “But to be successful in any business you need to assemble the right people and make a strong commitment to succeed. We achieved what we set out to do and feel like we climbed Mount Everest. To continue with anything less than a competitive team would not be acceptable. It’s been one incredible ride.”

The announcement comes less than a month after car Visser issued a statement that “not fielding a team in 2019 is not an option and we have every intention of continuing to build on our success for years to come.”

The move also comes after primary sponsor 5-hour Energy announced in July that it would no longer remain in NASCAR after this season. 5-hour Energy is serving as co-primary sponsor of the team with Bass Pro Shops for 30 races this year. Furniture Row Racing was unable to find any income to replace what it would be losing.

“This is not good for anybody,” Visser said in a statement about closing the team down after this season. “The numbers just don’t add up. I would have to borrow money to continue as a competitive team and I’m not going to do that. This was obviously a painful decision to arrive at knowing how it will affect a number of quality and talented people.

“We’ve been aggressively seeking sponsorship to replace 5-hour ENERGY and to offset the rising costs of continuing a team alliance with Joe Gibbs Racing but haven’t had any success. I feel that it’s only proper to make the decision at this time to allow all team members to start seeking employment for next year. I strongly believe that all of our people have enhanced their careers by working at Furniture Row Racing.”

This announcement comes as Martin Truex Jr. is third in the points after winning his first series title last season.

Truex, who joined Furniture Row Racing in 2014 as the driver of the No. 78 car, said: “While I am saddened by today’s announcement, I totally understand the decision. Barney Visser, Joe Garone and the entire Furniture Row Racing team took me in while my career was in a bad place, and together we reached the pinnacle of the sport. I will forever be grateful to each and every one of them, and also to Furniture Row, Denver Mattress and the Visser family.

“But make no mistake this is not the immediate end. We still have unfinished business to attend to and that’s to give everything we have to successfully defend our Monster Energy NASCAR Cup Series championship. Right now that is foremost on my mind as it is with the entire team.”

With Furniture Row Racing leaving after this season, it will have a charter to sell. That will be among the more valuable charters. Cup charters guarantee a starting spot in each race but also a set amount of money per race. One portion of the team payments is based on performance in the past three years. Furniture Row Racing has made the playoffs each of the past two years and will again make the playoff this season.

Furniture Row Racing, based in Denver, Colorado, started its NASCAR program in 2005 as an Xfinity team before moving to Cup. The team made its Cup debut in Nov. 13, 2005 at Phoenix with Jerry Robertson. He started 43rd and finished 41st, completing 51 laps.

The team’s first Cup victory was by Regan Smith in the 2011 Southern 500 at Darlington Raceway. The team has since scored 17 more wins with Truex, including victories this season at Auto Club Speedway, Pocono Raceway, Sonoma Raceway and Kentucky Speedway. Furniture Row Racing has won 12 of the last 59 Cup races (16.9 percent).

Others who drove for Furniture Row Racing included Erik Jones, Kurt Busch, Kenny Wallace, Joe Nemechek and Jimmy Spencer.

“There are so many people I want to thank because without them winning a championship and being competitive would never have happened: Joe Gibbs Racing for our technical alliance, Toyota and TRD (Toyota Racing Development), Bass Pro Shops, 5-hour ENERGY, Auto-Owners Insurance, Furniture Row and Denver Mattress,” Visser said in a statement from the team.

“A heartfelt thank you to Joe Garone, Martin Truex Jr, Cole Pearn and all of our team members for their talent, dedication and sacrifices they made along the way. To the Furniture Row and Denver Mattress employees I want to express a special thank you for always having my back from the early years of our race team to our championship run.

“I also want to thank the fans, the Denver community, NASCAR, International Speedway Corporation (ISC), Speedway Motorsports Inc. (SMI) and independent track owners for providing and maintaining the venues that we compete at. A special tip of the hat to the media and to NASCAR’s broadcast partners – FOX, NBC, Motor Racing Network (MRN), Performance Racing Network (PRN) and SiriusXM Radio. We’ve always been treated fairly by members of the media and I appreciate their hard work in one of the most demanding schedules in major league sports.”

NASCAR issued a statement Tuesday: “NASCAR wishes the very best to Barney Visser and his family. Barney has been a successful owner and an amazing champion, and his presence will certainly be missed. We look forward to seeing Martin Truex Jr., Cole Pearn and the entire No. 78 team finish the 2018 season strong and competing for another championship. NASCAR will continue to work on growing the sport and working with the race teams on competitive and operational excellence. Much of those efforts have already been put in place, and will continue to be a focus.”

Car owner Joe Gibbs, whose team is aligned with Furniture Row Racing, said in a statement: “We have a great partnership with Barney and everyone at Furniture Row Racing. It’s unfortunate that they will not be continuing after this season and I know it was a difficult decision for them. They have accomplished so much and I know they would like nothing more than to win another championship this season.”

In a statement, Laura Pierce, General Manager for Motorsports, Toyota Motor North America (TMNA) said: “We want to thank Barney Visser, Joe Garone, Martin, Cole and everyone at Furniture Row Racing for a successful partnership over the past few years. The team’s dedication and hard work in the sport was instrumental to our racing family as they helped us win our first NASCAR Cup Series manufacturer’s championships as well as reach the pinnacle of the sport with last year’s championship. We look forward to continuing to work with the Furniture Row Racing team as they defend their championship in the upcoming playoffs.”

NASCAR America: Daytona 500 ‘Turning Point’ came on Stage 2 pit stop

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The moment that set up Denny Hamlin‘s Daytona 500 win on Sunday came on Lap 108, according to NASCAR America’s Steve Letarte.

That’s when Hamlin made a pit stop near the end of Stage 2.

“(Crew chief Chris) Gabehart calls his car to pit road,” Letarte said. “He doesn’t care about stage points. He cares about four fresh tires on a hot, slick Daytona track.”

Then on Lap 122, during the stage break pit stop, Gabehart decided to only put fuel in the No. 11 Toyota when he was 21st.

“On Lap 163 he got six seconds of gas, that’s it, no tires,” Letarte said. “That gave him track position (eighth) in front of all of those accidents. The turning points to this race was before Stage 2 even ended.”

Watch the above video for more.

Garrett Smithley in Spire Motorsports car at Atlanta as entry lists released

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Garrett Smithley is listed as the driver of Spire Motorsports’ No. 77 Chevrolet for Sunday’s Cup race at Atlanta Motor Speedway.

Smithley, a native of Peachtree City, Georgia, competes in the Xfinity Series with JD Motorsports and made three Cup starts last year.

Spire purchased Furniture Row Racing’s charter after the team closed at the end of last season. It fielded Jamie McMurray in the Daytona 500 in the No. 40 in a partnership of Chip Ganassi Racing.

Quin Houff also will compete for Spire this season.

Click here for the preliminary Cup entry list.

Click here for the preliminary Xfinity entry list.

Click here for the preliminary Truck Series entry list.

NASCAR America at 5 p.m. ET: Daytona 500 recap

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Today’s episode of NASCAR America airs from 5-6 p.m. ET on NBCSN and recaps all the action from Sunday’s Daytona 500.

Steve Letarte, Jeff Burton and Dale Jarrett will discuss all the major storylines from the race that saw Denny Hamlin claim his second 500 win.

If you can’t catch today’s show on TV, watch it online at http:/nascarstream.nbcsports.com. If you plan to stream the show on your laptop or portable device, be sure to have your username and password from your cable/satellite/telco provider handy so your subscription can be verified.

Once you enter that information, you’ll have access to the stream.

Click here at 5 p.m. ET to watch live via the stream.

‘Bizarre’ Daytona 500 marks Jamie McMurray’s likely final Cup start

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If Sunday’s Daytona 500 turns out to be Jamie McMurray‘s 583rd and final Cup start, then the race threw all it could at him as a going away present.

McMurray finished 22nd in what the Chip Ganassi Racing driver called a “bizarre” Daytona 500.

The 43-year-old driver had to start his 17th “Great American Race” at the rear due to a rear gear change. By Lap 19 in he was in 19th.

His day was complicated on Lap 50 when he was caught up in a six-car wreck, which damaged his right front fender. With repairs made to his No. 40 Chevrolet, the 2010 Daytona 500 winner continued.

Even with the damage, McMurray managed to navigate his way up to 10th by Lap 84.

He then led the field from Laps 164-169, with just the last two laps under green.

Then chaos reigned.

The final 20 laps saw three multi-car wrecks, but McMurray managed to avoid the ones that caught 21 and seven cars.

“Certainly, a bizarre 500 to have so much green-flag racing and then so many wrecks at the end,” McMurray said. “It’s incredible to me how many times we were able to crash in the last 10 laps. It’s part of it. You were able to get big runs. It seemed like as the sun went down those runs happened more often. When the Daytona 500 is on the line, people are willing to take big risks. They just all waited to the end.”

But McMurray couldn’t avoid the last major wreck. While running eighth he was ensnared in a nine-car melee that resulted in the overtime finish. 

“I’m thrilled I made it as long as I did,” said McMurray. “I made it through two or three wrecks I should have been in and didn’t get torn up. It is just part of it. It is what it is and I’m just thankful I’m safe. This is just one of those places you come to that there are a lot of unknowns and certainly after flipping at Talladega (last April), speedway racing was a little different in my mind.”

McMurray will now transition to an analyst role for Fox Sports.

Should the native of Joplin, Missouri, never make another Cup start, he ends his career with seven wins, 63 top fives and 168 top 10s.

He exits the NASCAR stage after 581 consecutive Cup starts.

Next week’s race at Atlanta Motor Speedway will be the first without McMurray since the Oct. 20, 2002 event at Martinsville Speedway. That was the race after McMurray scored a surprise first career win at Charlotte Motor Speedway driving Ganassi’s No. 40 Dodge in substitution of an injured Sterling Marlin.

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