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CHARLOTTE, N.C. -- Two-time NASCAR champion Tony Stewart has been granted a release from the final year of his driving contract with Joe Gibbs Racing after ten seasons with the team, sources close to Stewart confirmed for ESPN.com Tuesday night.
Stewart will formally announce his departure from the team Wednesday.
On Thursday at Chicagoland Speedway, Stewart will formally announce a move to Haas/CNC Racing as co-owner and driver, sources close to Stewart said.
Haas/CNC, which currently fields the Nos. 66 and 70 Chevrolets, will be renamed Stewart Haas Racing in 2009.
Sources close to both sides told ESPN.com the deal will make Stewart the highest-paid driver in NASCAR.
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