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Erik Jones ‘working through an extension’ with Joe Gibbs Racing

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Erik Jones told NBC Sports on Thursday that he and Joe Gibbs Racing are “working through an extension” for him to remain with the team and that he has “no plans to leave JGR.”

“I don’t think there’s any plans to change anything,” Jones said. “It’s just a matter of both sides agreeing to an agreement, which takes time. I imagine here soon we’ll have something ironed out.

“I think both sides are pretty set on staying on the path we got.”

The 22-year-old is in his third year in the Cup Series and his second at JGR after moving over from Furniture Row in 2017.

JGR did not respond to a request for comment on if 2019 was the last year on Jones’ contract.

Jones earned his first Cup win last July at Daytona, but hasn’t found victory lane this season. He’s coming off a fourth-place finish at Texas where he led 33 laps, his most since leading 64 laps in the same race last year.

“We’ve been pretty happy with the growth over the last couple of years, from my side and from the team’s side and what we’ve done and where we’re heading,” Jones said prior to the unveiling of his Craftsman ”Racing for a Miracle” car for this weekend at Bristol Motor Speedway.

“I think we’re so close to breaking that little wall down of winning many races. We’re just right there, it seems, of making that big step to be consistent race winners. I feel like we’re right there. We’re close. Hopefully, here pretty soon it will be set in stone.”

The potential of a Jones’ extension raises questions about Xfinity Series driver Christopher Bell‘s future in the Cup Series after his second Xfinity season with JGR.

The organization recently announced Kyle Busch had agreed to a multi-year contract extension with the team and sponsor Mars Inc.

Martin Truex Jr. is only in his first year with JGR after coming over from the defunct Furniture Row Racing.

Denny Hamlin, who has two wins through seven races including his second Daytona 500, announced a contract extension in early 2017. He said last year on the Dale Jr. Download that 2018 was the first year on “a good long-term contract” and “that goes for a while.”

Bell, who won a Xfinity Series rookie-record seven races in 2018, said last year he felt he was ready for Cup. 

In Cup, Toyota gives full support to just JGR and the one-car team of Leavine Family Racing, which replaced Furniture Row Racing when it closed.

But Leavine Family Racing felt it was prudent to go with veteran Matt DiBenedetto in the No. 95 in its first year with Toyota.

Team owner Bob Leavine said last year he planned to ask Toyota for an engine to be able to run Bell occasionally.

“That’s for them to decide,” Leavine said. “We’re just going to be available if they want to do it to put it all together and make it all work.”

David Wilson, president of Toyota Racing Development, told NBC Sports last weekend at Texas Motor Speedway, that “for the moment there is no plan, there’s no consideration to put Christopher in one of those (Cup) cars (this year).”

Wilson cited the extra work needed to put a car together for Bell this season but also added that “you never say never.”

Preliminary entry lists for Richmond Raceway

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The NASCAR playoffs continue this weekend at Richmond Raceway for two of the national series.

The Cup Series holds the second race of its opening round while the Xfinity Series kicks off its postseason.

Here are the preliminary entry lists for each race.

Cup – Federated Auto Parts 400 (7:30 p.m. ET Saturday on NBCSN)

There are 38 entries for the race.

Quin Houff is entered in Premium Motorsports’ No. 27 Chevrolet.

Austin Theriault is entered in Rick Ware Racing’s No. 51 Chevrolet.

Garrett Smithley is entered in RWR’s No. 52 Ford and Spencer Boyd is in the team’s No. 53 Chevrolet.

Martin Truex Jr. won the spring race at Richmond over Joey Logano and Clint Bowyer. Kyle Busch won this race last year over Kevin Harvick and Truex.

Click here for the entry list.

Xfinity – Go Bowing 250 (7:30 p.m. ET Friday on NBCSN)

There are 38 entries for the race.

Harrison Burton is entered in Joe Gibbs Racing’s No. 18 Toyota for the fourth time this season.

Zane Smith is entered in JR Motorsports’ No. 8 Chevrolet.

Hermie Sadler is entered in Ryan Sieg Racing’s No. 38 Chevrolet. It will be his first Xfinity start since this race in 2016.

Joe Graf Jr. is entered in Richard Childress Racing’s No. 21 Chevrolet.

There is no driver attached to Rick Ware Racing’s No. 17 Chevrolet.

Cole Custer won at Richmond in the spring over Austin Cindric and Justin Allgaier. Christopher Bell won this race last year over Ross Chastain and Daniel Hemric.

Click here for the entry list.

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Speedway Motorsports, Inc. becomes privately owned

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Speedway Motorsports, Inc. and the Sonic Financial Corp. announced Tuesday that Sonic Financial has completed its acquisition of all outstanding shares of SMI, meaning SMI will become a privately owned company with no presence on the New York Stock Exchange.

By going private, the company is no longer beholden to investors and no longer has to publicly report its finances, including how much money it brings in from admissions and the TV contract and the seating capacity of each of its tracks.

Bruton Smith and his family own and control Sonic Financial Corp. Smith is the founder and majority stakeholder in Speedway Motorsports Inc. SMI operates eight tracks that host Cup races, including Charlotte Motor Speedway, Las Vegas Motor Speedway and Texas Motor Speedway.

The deal closed with each outstanding share being valued at $19.75 per share in cash. There were 11,434,595 outstanding shares, putting the deal at more than $225 million.

The deal comes as International Speedway Corp. in the process of reaching an agreement to have its outstanding shares sold to NASCAR. The France family owns both ISC and NASCAR. The NASCAR-ISC deal is expected to close this year.

Bump and Run: Will Joe Gibbs Racing’s dominance continue?

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Who you got this weekend at Richmond? Joe Gibbs Racing or the field?

Nate Ryan: Joe Gibbs Racing. Any of its four drivers can win. Kyle Larson is a decent dark horse, though.

Dustin Long: I’ll take the field. Give me Kyle Larson, Kevin Harvick, Joey Logano, Brad Keselowski and others vs. JGR this weekend.

Daniel McFadin: I’ll take JGR, given their six wins there in the last eight races. Driver specific: Martin Truex Jr. He’s led in five of the last six visits to Richmond and each time he’s led at least 121 laps. Hard to believe his win in the spring was his first there.

Jerry Bonkowski: This could be one very difficult race for the field. Erik Jones has something to prove after the mechanical issues he suffered in Las Vegas, Kyle Busch has something to prove after his disappointing 19th-place finish, and Denny Hamlin has something to prove to show he truly is one of the best championship contenders. Meanwhile, Martin Truex Jr. can basically coast through having secured his spot in Round 2 of the playoffs with his Las Vegas win. Good luck to the field because they’re going to need it. Joe Gibbs Racing is going to dominate Richmond.

 

In 2007, Hendrick Motorsports won 18 of 36 Cup races. Joe Gibbs Racing has won 14 of 27 Cup races this season. Will JGR top what Hendrick did in 2007?

Nate Ryan: Yes, you could argue JGR already has topped it because of the balance among its four drivers. Jeff Gordon and Jimmie Johnson accounted for 16 of Hendrick’s 18 victories.

Dustin Long: JGR won’t tie or top Hendrick mark.

Daniel McFadin: I think there’s a good chance JGR will tie that number but not exceed it. The only tracks I would make them locks for wins are Richmond and Phoenix. 

Jerry Bonkowski: I think JGR could potentially tie HMS’s record, but asking for five or more wins in the last nine playoff races is a bit of a stretch. You know that Stewart-Haas, Team Penske, Hendrick Motorsports, Chip Ganassi Racing and Roush Fenway Racing are going to do all they can to stop the JGR Express and continue to ratchet up the pressure and performance with each passing race. I can see JGR winning maybe three or even four more playoff races, but not more than that.

 

The Xfinity playoffs begin this weekend at Richmond. Who are you picking to win the championship?

Nate Ryan: Leaning toward Tyler Reddick back-to-back after his impressive fuel-mileage win at Las Vegas. He is learning to beat the field in many ways.

Dustin Long: Christopher Bell triumphs in Miami.

Daniel McFadin: I’m going to go with Tyler Reddick to repeat. He’s shown a knack for being able to find multiple ways to win when he doesn’t have the outright best car on a given race day. Also, it’s hard to bet against the guy who has 20 top fives through 26 races.

Jerry Bonkowski: As much as Tyler Reddick would make a great repeat champion, the title this year goes to Christopher Bell. But don’t be surprised if this deal isn’t finished until the final turn on the last lap. This has the potential to be the most exciting championship finish in Xfinity history.

Garrett Smithley rebukes Kyle Busch to ‘tell my story and defend myself’

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Garrett Smithley took to Twitter again on Monday to rebuke Kyle Busch about their contact in Sunday’s NASCAR Cup playoff-opening race in Las Vegas. While Smithley said he understands Busch’s frustration, he insisted he did nothing wrong and chided Busch for not understanding the road Smithley has had to travel to get to where he is today as a race car driver.

I figured given the events of the race Sunday I would quickly tell my story and defend myself (and the sport for that matter),” Smithley tweeted Monday.

MORE: Kyle Busch calls out ‘guys who have never won late model races in Cup’

Here’s Smithley’s tweet Monday, which we have transcribed in its entirety:

Hey everyone, I figured given the events of the race Sunday I would quickly tell my story and defend myself (and the sport for that matter). Starting tomorrow, we’re focused on Richmond!

I didn’t grow up in a racing family, and we certainly didn’t have the funds to race. The only race car my parents ever bought was a used Bandolaro race car when I was 15. I didn’t think I had a chance starting that late. We won enough that a local golf cart shop owner sponsored me and bought me a Legends car. I raced Legends cars in the southeast and won more races & championships.

When I decided to move to Charlotte to pursue a career as a professional driver there is no doubt I had to basically give up the chance to win races in order to ‘fund’ getting the opportunity to race.

You see, I am one of only a handful of drivers that actually has never spent any of my own money to race. So spending money to go win in a late model was never an option, because the only way I can afford to race is if someone else pays for it. Companies & sponsors have a hard time justifying money to run a competitive late model or even truck, when for the same or often much less they can sponsor a NXS or Cup car. The truth is for many of these companies, they know unless they spend the money it takes to sponsor someone like Kyle, they more than likely will not get the marketing value to justify that spend. However, they can justify a spend to be involved in the ‘big show’ to entertain guest(s), etc., for much, much less. The sponsors you see on my cars, Victory Lane Quick Oil Change, Trophy Tractor, FAME … they are real companies supporting NASCAR, and seeing the value of its 65+ million fans. I sell my own sponsorship to afford me the opportunity to do this.

So about last night …

1. I am not mad at Kyle and I get his frustration. I wish that situation would’ve turned out differently but what happened happened.

2. Nobody that is considered ‘in the way’ wants to be. We are simply doing the best we can.

3. Even though sometimes we ALL feel like this ‘sucks’ so bad or why won’t NASCAR ‘fix’ it, we have to remember, it’s not that easy. NASCAR is making positive changes but this is a multi-billion-dollar industry. It all takes time.

4. I do think I can be competitive in the right equipment and I will even go a step further and say, with time and equal funding my teams with Rick Ware Racing, Johnny Davis Motorsports can be competitive too.

5. As my friend Ross would say, ‘The Sun will come up in the morning!

Thanks for all the support – Garrett.”

As of 7:35 p.m. ET, Busch had not replied to Smithley’s latest missive.

On Monday’s edition of NASCAR America, analysts Kyle Petty, Steve Letarte and Nate Ryan discussed Busch’s reaction to the Smithley incident.

Here are a couple of the initial exchanges between Smithley and Busch after Sunday’s race:

Follow @JerryBonkowski