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.”

Silly Season Scorecard: Post-Miami edition

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NASCAR’s championship weekend in Miami has come and gone and with it came a flurry of driver announcements from teams about the 2020 racing season.

Among them was the news that Cole Custer is being promoted by Stewart-Haas Racing to the Cup Series, where he will take over the No. 41 Ford driven by Daniel Suarez this year.

Here’s a look at all the official driver announcements made so far for next season.

OPEN RIDES ANNOUNCED FOR 2020

No. 38: Front Row Motorsports must replace David Ragan, who stated Aug. 14 that 2019 would be his final season running a full schedule.

No. 36: Front Row Motorsports announced Nov. 13 it was parting ways with Matt Tifft so he could focus on his health following his seizure at Martinsville in March. Tifft said he could not commit to racing in 2020.

ANNOUNCED CUP RIDES FOR 2020

No. 1: Chip Ganassi Racing announced on Nov. 1 a multi-year extension with Kurt Busch.

No. 6: Roush Fenway Racing announced Oct. 30 that Ryan Newman would return to the car as part of the news that Oscar Mayer would sponsor the No. 6 through 2021.

No. 8: Richard Childress Racing made it official Oct. 2 that Tyler Reddick will move to Cup in 2020 and drive the No. 8 car.

No. 10: Aric Almirola confirmed Oct. 11 he signed an extension to race for Stewart-Haas Racing.

No. 13: Ty Dillon posted a video Sept. 6 on Instagram refuting rumors that he would retire after this season. He has a contract with Germain Racing through 2020.

No. 14: Clint Bowyer was announced Oct. 17 as returning to Stewart-Haas Racing for a fourth season.

No. 17: Chris Buescher will take over the Roush Fenway Racing No. 17 ride in 2020 after the team announced Sept. 25 that it would part ways with Ricky Stenhouse Jr. after this season.

No. 20: Joe Gibbs Racing announced Sept. 6 that it had signed Erik Jones to an extension. It is a one-year extension for the 2020 season.

No. 21: Matt DiBenedetto replaces Paul Menard at Wood Brothers Racing (announcement made Sept. 10). DiBenedetto’s deal is for 2020 only.

No. 41: Stewart-Haas Racing announced Nov. 15 Cole Custer will replace Daniel Suarez.

No. 95: Christopher Bell moves to Cup in 2020 and will drive for Leavine Family Racing (announcement made Sept. 24).

JTG Daugherty Racing: It was announced Oct. 16 Ricky Stenhouse Jr. will join Ryan Preece at the two-car team, essentially swapping seats with Chris Buescher. The team said that an announcement on car number and sponsor would come later.

Rick Ware Racing: JJ Yeley will drive one of the team’s three full-time rides.

AMONG THOSE YET TO ANNOUNCE DEALS FOR 2020

Daniel Suarez — The driver revealed Nov. 14  he would not return to Stewart-Haas Racing in 2020 after one season driving the No. 41.

Corey LaJoie – The driver hasn’t announced his plans for 2020, but he said in October he and Go Fas Racing were “working toward” him returning to the No. 32 Ford. The team announced on Nov. 1 it would enter a technical alliance with Stewart-Haas Racing next year and that “2020 driver negotiations are still ongoing.”

Xfinity Series 

Ross Chastain – Kaulig Racing announced Oct. 15 he would compete full-time for the team in 2020 driving the No. 10 Chevrolet, joining Justin Haley.

Joe Gibbs Racing — Announced Oct. 17 Harrison Burton will drive its No. 20 Toyota full-time in 2020. Announced Oct. 31 Brandon Jones would return for a third year in the No. 19. Revealed Nov. 5 it would field a third full-time entry with Riley Herbst in the No. 18.

JR MotorsportsJustin Allgaier will return to the team for a fifth year in the No. 7 Chevrolet. The No. 8 car will be driven by Daniel Hemric for 21 races, Jeb Burton 11 races and Dale Earnhardt Jr. for one race. Noah Gragson will also return for a second season in the No. 9 car, while Michael Annett returns for a fourth year with the team in the No. 1 car.

Richard Childress Racing — Has not announced its driver plans for 2020, but Richard Childress said after Tyler Reddick claimed the Xfinity title that it would field a full-time entry.

Stewart-Haas Racing – The team has not announced plans for the No. 00 Ford with Cole Custer moving to Cup or whether Chase Briscoe will return to the No. 98.

JD MotorsportsJesse Little will compete full-time for the team.

Truck Series

GMS RacingDriver lineup will include Brett Moffitt, Sam Mayer, Sheldon Creed and Tyler Ankrum

Kyle Busch MotorsportsRaphael Lessard will drive the No. 4 full-time while Christian Eckes will drive the No. 18 full-time.

Hattori Racing EnterprisesAustin Hill will return to the No. 16 Toyota for a second year.

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Bump and Run: How many Cup championships will Kyle Busch win?

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How many Cup championships will Kyle Busch win in his career?

Dustin Long: Three. This winner-take-all format just makes it so difficult for anyone to collect several series titles in a row. In the future, the gold standard for drivers will be three titles and Busch will get there.

Daniel McFadin: I think Busch can at least get to four titles before it’s all said and done. Repeating in this format is hard, he’s the first to do it in six years. But given that Busch has been in the Championship 4 in all but one year under the elimination format is evidence enough for me that if anyone can get more than two it’s him.

Jerry Bonkowski: At 34 years old and having won two titles in the last five years, I think it’s very possible Busch can win another two, maybe even three more championships in his career. Even though he’s now raced full-time in Cup for 15 years, he is so competitive that I don’t see him retiring for at least another 10 years. There’s lots of championship opportunities to be had in that period of time.

What will you most remember about the Cup championship race years from now?

Dustin Long: The mistake by Martin Truex’s team with the tires and how sedate Kyle Busch’s demeanor seemed to be after he won his second series title. After being declared an underdog by many and ending a 21-race winless streak, one expected Rowdy to celebrate in a manner that would have included a bit more directed to those doubters.

Daniel McFadin: Martin Truex Jr.‘s tire mishap. In almost 25 years of watching and six years of covering NASCAR I can’t remember that happening in a race. For something so fluky to hamper Truex’s championship chances is remarkable. It proves anything can happen in a winner-take-all race.

Jerry Bonkowski: It was one of the calmest, most relaxed times I’ve ever seen Kyle Busch. He knew what was on the line and went out and simply did it. He didn’t get overly aggressive or tried to overdrive his car. He merely was patient, waited for the right opportunity, grabbed it for the taking at the right time and sailed on into the history books. One other thing: while the other three Championship 4 drivers and crew chiefs constantly talked about why they deserved to be the champs in interviews during the week leading up to the race, Busch and Adam Stevens were fairly quiet, didn’t fret about the 21-race winless streak and let their actions ultimately do the talking for them that needed to be done. That’s the way to do it.

Who wins a championship first: Kyle Larson, Ryan Blaney, Erik Jones, Chase Elliott, Denny Hamlin, Alex Bowman or William Byron?

Dustin Long: Denny Hamlin. Think Toyota’s advantage carries over to next year with many other teams more focused on preparing for the NextGen car in 2021. Hamlin will finally get his moment as a champion.

Daniel McFadin: It’s a tossup between Hamlin and Elliott. Aside from Hamlin’s winless season in 2018, he and Elliott at this point feel like the only drivers who can put together consistent seasons worthy of a championship. Elliott’s steadily improved over the last three years, winning six times, while Hamlin just produced his best year in a decade. My gut says Hamlin.

Jerry Bonkowski: This could be the hardest question we’ve had all year because it could just as easily be phrased “who among these drivers will never win a championship?” You may be surprised at my answer, but I’m going with William Byron. I think another year or two with Chad Knaus and he’ll be ready to be considered a true championship contender. I’m less optimistic that any of the others will win a title any time soon.

 

Dale Earnhardt Jr. named honorary starter for 2020 Daytona 500

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It looks like Dale Earnhardt Jr. will complete a row on his Daytona 500-themed Bingo card next year.

Daytona International Speedway announced Monday that the NBC Sports analyst will be the honorary starter and will wave the green flag to begin the Feb. 16 Daytona 500.

A two-time winner of the “Great American Race,” it will mark the third year in a row Earnhardt has been part of the pre-race ceremonies for the event. In 2018, he gave the command to start engines and this year he was the honorary pace truck driver.

Include a win in the race, his 2011 pole as one box and that’s Bingo.

“The only thing left for Dale now is for him to sing the National Anthem prior to the Daytona 500,” said Daytona International Speedway President Chip Wile in a press release. “That probably won’t happen. But what will happen, come February, will be another outpouring of support from race fans about Dale’s involvement. There’s no way to exaggerate how much he means to the fans and to NASCAR. Any role he plays on a Daytona 500 weekend is significant.”

In the press release, Earnhardt joked “One thing is certain, I’m not doing any singing at Daytona no matter how hard they ask. But I am going to enjoy waving the green flag in February. The start of the Daytona 500 is a special moment in not only NASCAR but all of sports. I am truly honored to be part of that.”

NASCAR America at 5 p.m. ET: Championship weekend recap

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Today’s episode of NASCAR America airs from 5-6 p.m. ET on NBCSN and will recap all of the action from championship weekend in Miami

Jeff Burton is joined by Steve Letarte and Dale Jarrett.

If you can’t catch today’s show on TV, watch 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.