On Friday morning, Team Penske announced the extensions of Joey Logano and sponsor Shell-Pennzoil through the “2022 season and beyond.” The extension is for an astonishing seven years, which is one of the longest-term driver contracts in recent memory.
Logano’s deal came together quickly and was a relatively straight forward decision for both parties. Logano commented, “When a seven-year deal is [presented] to you, you jump on that opportunity to go out there and win championships together.”
Team owner Roger Penske added that the extension was put together within two hours.
In a press release, Penske stated, “We are so proud of the driver Joey has become since joining our team in 2013 and all the success he has been a part of on the No. 22 team,” said Roger Penske. “But more importantly, we are proud of the man that Joey has become. He has evolved into an effective leader both on and off the track. Joey is a great ambassador for all of our partners and his philanthropic work through his Joey Logano Foundation has been remarkable. Joey is the type of person we are proud to have at Team Penske and we are excited that he will be a big part of the team’s future for many years to come.”
“I’ve known my entire life I wanted to be a NASCAR Cup Series driver, Now, to be able to know that I get the opportunity to drive for Roger Penske for the foreseeable future where I can focus solely on winning races and championships is a life-long dream for me. To know that our executives, our sponsors, my team and all of the employees at Team Penske have that much faith in me means so much and that type of commitment really says a lot about this team and this organization.” -Joey Logano
Since joining Team Penske following an unceremonious departure from Joe Gibbs Racing after the 2012 season, Logano has been one of the sport’s premier drivers. He has qualified for the playoffs in every season since joining Team Penske and has amassed 15 wins in that four-year time span.
Although the deal is for, what could be considered, an eternity in motor racing, it’s a win-win situation for the owner, sponsor, and driver. Logano brings a rare combination of youth and meaningful experience to the table and will be in his early thirties when this extension expires. He undoubtedly has many more wins, and potentially championships, ahead of him.
Photo Credit: Greg Atkins