Tommy Baldwin Racing will cease to run full-time after Sunday’s season finale at Homestead-Miami Speedway, car owner Tommy Baldwin announced in a Facebook post.
Baldwin sold his team’s charter to Leavine Family Racing.
“We felt that it’s time for a new chapter in our lives and we have sold our charter to a great group of people who will continue to guide our vision,” Baldwin wrote in the post.
“For the past eight years we’ve shown up at every race, worked hard to compete at the top level and bring value to our sponsors. I feel confident that we are moving on having accomplished that. There have been many teams like ours that have come and gone. I’m proud that we have been able to sustain ourselves from the very beginning.
“So what’s next?
“Well, we’re not 100 percent sure. We are going to work hard to get the best possible results in Miami, take a little family time and then figure out the rest. So, stay tuned – announcements will be forthcoming.”
Smith has two top-10 finishes this season. His best finish was third in the rain-shortened race at Pocono. He also finished eighth in the Daytona 500.
Leavine Family Racing would not disclose what it paid for the charter.
Leavine Family Racing was in search of a charter because its partnership with Circle Sport Racing and Joe Falk was ending after this season. Falk brought a charter with him to that union but said that NASCAR viewed the action as a lease. Owners can lease their charter only once in five years.