Hendrick re-signs with GM

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Hendrick re-signs with GM: Hendrick Motorsports has verbally agreed to a five-year contract with General Motors, keeping HMS in Chevrolets through 2012. "We're done," team owner Rick Hendrick said after Sunday's Nextel Cup race at Watkins Glen International. "We haven't signed it, but we've verbally agreed." GM is in the last year of all of its contracts with teams in the Nextel Cup series. Re-signing HMS was key, particularly with speculation that Joe Gibbs Racing may be leaving for Toyota. Richard Childress Racing and Dale Earnhardt Inc., GM's other top teams, remain in negotiations but are expected to re-sign. Two of the top three owners in Chevrolet expect Joe Gibbs Racing to move to Toyota in 2008. "I'd say they're gone," said Hendrick Motorsports owner Rick Hendrick, who has agreed to a five-year deal with General Motors. Richard Childress Racing owner Richard Childress said there are enough signs to believe that JGR will make the jump, which he says will take Toyota to another level. "It's pretty well written in stone," he said on Sunday at Watkins Glen International. Childress is so convinced JGR will bolt that he questions whether the organization should be included in Thursday's key partners' meeting at GM's headquarters in Detroit. "No, I wouldn't feel comfortable with them there," he said. "If the [other Chevrolet] teams have a feeling they're going to be there, we're not going to discuss openly with them in a room things we normally would discuss openly. You're sitting there working on stuff for next year and you don't want them to take that and help out the competition." (ESPN.com)
 
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