Posted September 06, 2012 on
AP on Fox
Ryan Newman confirmed Thursday he has signed a contract extension with Stewart-Haas Racing for next season.
Newman is in the final year of the deal he signed in 2009. The extension is a one-year agreement, and he said he took a cut in pay just as nearly every driver has of late.
''Everybody out there right now has taken a pay cut,'' Newman said. ''No different than the cost of a seat in the grandstands is down. It all correlates.''
SHR is searching for heavy sponsorship for next year after taking two big hits this summer. The U.S. Army, primary sponsor of Newman's car, said earlier this summer it isn't returning to NASCAR next season, and Office Depot said Sunday it won't be back as co-primary of Tony Stewart's car.
Newman said he isn't aware of any signed sponsors for next season on his No. 39 Chevrolet.
''I feel fairly confident that we'll have good branding on the car,'' he said. ''I can't sit here and say exactly who it is going to be and how it's going to lay out and what race they're going to be at. I can tell you this for sure: It's going to be multiple sponsorships.''
Newman is one of many drivers on the bubble of making the Chase for Sprint Cup championship heading into Saturday night's race at Richmond. He can only make the Chase with a victory.
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Ryan Newman, driver of the No.39 Chevrolet for Stewart Haas Racing, will be back with the team for at least another year Jim Utter from That’s Racin is reporting.
Sponsorship remains [...]
Ryan Newman has signed a contract extension with Stewart-Haas Racing for next season.
Newman is in the final year of the deal he signed in 2009. The extension is a one-year agreement, and he said Thursday he took a paycut just like almost every driver has of late.
SHR is searching for heavy sponsorship for next year. The U.S. Army said earlier this summer it's not returning...
Two weeks ago Ryan Newman held a wild-card spot in the Chase for the Sprint Cup championship.
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This is the last race before...
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