Ryan Newman has agreed to a one-year contract extension with Stewart-Haas Racing, the Observer and ThatsRacin.com have learned.
The extension will ensure Newman is the driver of SHR's No. 39 Chevrolet through the end of the 2013 season, two sources confirmed on Wednesday night. Newman and SHR have been involved in negotiations for several weeks.
Both Newman and team co-owner Tony Stewart have said repeatedly in recent weeks they were close on a deal. An official announcement from the team could come as soon as this weekend, sources said.
A request for comment by SHR officials wasn't immediately returned.
Newman, 34, has 16 wins in his 11-plus seasons in the Sprint Cup Series, including one this year at Martinsville, Va. He has finished a career-best sixth in points three times, most recently in 2005.