In a press conference Thursday morning at JR Motorsports headquarters, Earnhardt Jr. stated that he will not re-sign to drive for Dale Earnhardt Inc., the team his father founded, next season.
"I told you all season long that when we have something to announce, we would announce it," said Earnhardt Jr. "After a year of intense negotiations and intense effort on behalf of Dale Earnhardt Inc. and JR Motorsports, that we decided that its time for us to move on and seek new opportunities to drive for a new team in 2008.
"At 32 years of age, the same age as my father was when he made his final and most important career decision, it is the time for me to compete on a consistent basis and contend for championships now."
The announcement comes after months of negotiations between DEI, Earnhardt Jr., and his sister Kelley Earnhardt Elledge, who negotiated on behalf of her brother.
Earnhardt Elledge also runs the business side of JR Motorsports.
Prior to the beginning of this season, Earnhardt Jr. told reporters that he ‘absolutely’ wanted majority ownership of DEI to be included as part of a new contract. It has been widely reported that he indeed got his wish in a new contract offered to him, but it came with a price tag — a factor that appears to have been a deal breaker.
"We’ll keep the instances and circumstances throughout the contract and the negotiations and what was proposed and whatnot, and what our opinion was and what DEI’s opinion was private. I don’t think it is really important to get into that," said Earnhardt Jr. "I can honestly say that we weren’t really close to what we both had in mind."
Contrary to reports that surfaced Wednesday afternoon, however, the third-generation driver did not announce his plans for 2008 on Thursday. Yesterday, reports swirled that he and teammate Martin Truex Jr. would be driving under the JR Motorsports banner beginning next season.
With today's official statement, Earnhardt Jr. appears to bring to an end his career with DEI, the only team he has ever raced for in the NASCAR NEXTEL Cup Series. Highlights of their partnership include 17 career NEXTEL Cup victories, including a 2004 Daytona 500 victory, and a career best finish of third in the NEXTEL Cup series championship standings in 2003. Prior to his full-time switch to the NEXTEL Cup in 2000, Earnhardt Jr. drove to back-to-back NASCAR Busch Series titles for DEI beginning in 1998.
It also appears to mark the end of what had become a tenuous business relationship between Earnhardt Jr. and his stepmother, Teresa Earnhardt, who took over control of DEI following the death of its founder after an accident in the 2001 Daytona 500. The 32-year-old driver of the No. 8 Chevrolet admitted that the relationship between his stepmother and himself wasn’t "a bed of roses." That comment came about after Teresa Earnhardt told the Wall Street Journal that Earnhardt Jr. had to decide "whether he wants to be a NASCAR driver or whether he wants to be a public personality" in a story published on December 14, 2006.
"While we are very disappointed that Dale Jr. has chosen to leave the family business, we remain excited about our company’s future," said Teresa Earnhardt in a statement released to the media. "Our aggressive expansion and diversification plans have not changed. This company has continued to thrive since Dale left us in 2001, and it will thrive following today’s announcement."
While Earnhardt Jr. has made his intentions known, the future for both himself and the DEI organization is still up in the air as of today. Less than two weeks ago, DEI executives confirmed that they have had preliminary talks with Robert Yates Racing about a possible partnership as well as three of the four car manufacturers that compete in NASCAR.
"Dale Earnhardt, Inc. will win, and we have other extremely talented drivers and hundreds of employees that are dedicated to the programs we founded," said Teresa Earnhardt. "This company has a great legacy and a bright future, built on loyalty, integrity, and commitment."
For his part, Earnhardt Jr. has said repeatedly that "I don't know why I would leave Chevys." If that is true, that would leave only a handful of options for the popular driver which include a move to Richard Childress Racing, where his father last competed, or Joe Gibbs Racing. Hendrick Motorsports also fields Chevrolets, but a move there appears unlikely as they currently have all four of their drivers signed full time and NASCAR only allows four cars per team.
"What team I drive for next season, I don’t know. We’ll see what opportunities I have," said Earnhardt Jr.
"I told you all season long that when we have something to announce, we would announce it," said Earnhardt Jr. "After a year of intense negotiations and intense effort on behalf of Dale Earnhardt Inc. and JR Motorsports, that we decided that its time for us to move on and seek new opportunities to drive for a new team in 2008.
"At 32 years of age, the same age as my father was when he made his final and most important career decision, it is the time for me to compete on a consistent basis and contend for championships now."
The announcement comes after months of negotiations between DEI, Earnhardt Jr., and his sister Kelley Earnhardt Elledge, who negotiated on behalf of her brother.
Earnhardt Elledge also runs the business side of JR Motorsports.
Prior to the beginning of this season, Earnhardt Jr. told reporters that he ‘absolutely’ wanted majority ownership of DEI to be included as part of a new contract. It has been widely reported that he indeed got his wish in a new contract offered to him, but it came with a price tag — a factor that appears to have been a deal breaker.
"We’ll keep the instances and circumstances throughout the contract and the negotiations and what was proposed and whatnot, and what our opinion was and what DEI’s opinion was private. I don’t think it is really important to get into that," said Earnhardt Jr. "I can honestly say that we weren’t really close to what we both had in mind."
Contrary to reports that surfaced Wednesday afternoon, however, the third-generation driver did not announce his plans for 2008 on Thursday. Yesterday, reports swirled that he and teammate Martin Truex Jr. would be driving under the JR Motorsports banner beginning next season.
With today's official statement, Earnhardt Jr. appears to bring to an end his career with DEI, the only team he has ever raced for in the NASCAR NEXTEL Cup Series. Highlights of their partnership include 17 career NEXTEL Cup victories, including a 2004 Daytona 500 victory, and a career best finish of third in the NEXTEL Cup series championship standings in 2003. Prior to his full-time switch to the NEXTEL Cup in 2000, Earnhardt Jr. drove to back-to-back NASCAR Busch Series titles for DEI beginning in 1998.
It also appears to mark the end of what had become a tenuous business relationship between Earnhardt Jr. and his stepmother, Teresa Earnhardt, who took over control of DEI following the death of its founder after an accident in the 2001 Daytona 500. The 32-year-old driver of the No. 8 Chevrolet admitted that the relationship between his stepmother and himself wasn’t "a bed of roses." That comment came about after Teresa Earnhardt told the Wall Street Journal that Earnhardt Jr. had to decide "whether he wants to be a NASCAR driver or whether he wants to be a public personality" in a story published on December 14, 2006.
"While we are very disappointed that Dale Jr. has chosen to leave the family business, we remain excited about our company’s future," said Teresa Earnhardt in a statement released to the media. "Our aggressive expansion and diversification plans have not changed. This company has continued to thrive since Dale left us in 2001, and it will thrive following today’s announcement."
While Earnhardt Jr. has made his intentions known, the future for both himself and the DEI organization is still up in the air as of today. Less than two weeks ago, DEI executives confirmed that they have had preliminary talks with Robert Yates Racing about a possible partnership as well as three of the four car manufacturers that compete in NASCAR.
"Dale Earnhardt, Inc. will win, and we have other extremely talented drivers and hundreds of employees that are dedicated to the programs we founded," said Teresa Earnhardt. "This company has a great legacy and a bright future, built on loyalty, integrity, and commitment."
For his part, Earnhardt Jr. has said repeatedly that "I don't know why I would leave Chevys." If that is true, that would leave only a handful of options for the popular driver which include a move to Richard Childress Racing, where his father last competed, or Joe Gibbs Racing. Hendrick Motorsports also fields Chevrolets, but a move there appears unlikely as they currently have all four of their drivers signed full time and NASCAR only allows four cars per team.
"What team I drive for next season, I don’t know. We’ll see what opportunities I have," said Earnhardt Jr.