Furniture Row Racing buys out Joe Nemechek's contract
Furniture Row Racing officials say that the team has bought out its contract with NASCAR Sprint Cup driver Joe Nemechek.
Nemechek drove the No. 78 entry this season for the team, which had previously announced plans to run a part-time schedule in 2009.
“Just like the reduced schedule announcement, this buyout of Joe’s contract has nothing to do with his on-track performance,” said team President Joe Garone. “But our contract with Joe for 2009 was for a full schedule, and we’re not able to fulfill that part of the deal.
“Joe has been a great leader, mentor and driver for Furniture Row Racing. This move is doing what is best for both Joe and our team. It doesn’t require us to have him drive for Furniture Row in 2009, but it doesn’t restrict him from doing what he loves - and that’s racing at the highest level every week of the season.”
Furniture Row Cos. – the team owner, primary sponsor and one the nation’s largest furniture retailers – is a privately held entity and does not make its sales figures public. But company officials have said that after looking at retail sales trends they are tightening all expenses.
