Report: Kyle Busch signs extension with Joe Gibbs Racing

Kyle Busch won only Sprint Cup race in 2012 and missed the Chase. (Rob Kim/Getty Images)

Kyle Busch has signed a long-term extension with Joe Gibbs Racing two officials with direct knowledge of the deal told USA Today.

Busch, whose contract at JGR was scheduled to end after the 2013 season, reportedly signed a yet unannounced multiyear deal in December.

Busch would not confirm the extension following a 12-car wreck during Friday afternoon’s session at Daytona.

“Everybody will find out (at the team’s) media day what’s coming down,” Busch told USA Today.

The four-day Sprint Cup media tour begins Jan. 21.

The extension follows a disappointing 2012 season in which Busch registered only one win, finished 13th in the points standings and missed the Chase. Despite the down year, Busch’s 24 career Cup victories and a record 51 Nationwide Series wins positioned him to be the biggest pending free agent on the NASCAR market.