Spencer won't drive for Ganassi in 2003

CONCORD, N.C. -- Chip Ganassi Racing announced Tuesday that Jimmy Spencer will be released from his contract at the end of the 2002 NASCAR Winston Cup season.

	Jimmy Spencer's best result with Ganassi came in March, when he finished second at Bristol. Credit: Autostock

Spencer, who currently ranks 27th in the championship point standings with two top-fives and six top-10s, will continue his driving duties for the team for the remainder of the 2002 NASCAR Winston Cup season.

"When we first made this deal, Jimmy and I agreed about what would happen if the results were not what either of us were happy with," said team owner Chip Ganassi.

"Obviously, both of us are not happy with the results. I feel bad we weren't able to get the most out of our relationship, but I'm sure I'll remain friends with Jimmy.

"We all know he's a colorful character that no one can help but enjoy being around. No one can deny Jimmy has a lot of energy and excitement about him."

No one has yet been tabbed as Spencer's replacement in the No. 41 Target Dodge for the 2003 Winston Cup season, but Bobby Hamilton is a rumored candidate.

Spencer's best finish of the season came at Bristol Motor Speedway in March, when he finished as runner-up to Kurt Busch.