Terry Labonte, a two-time champ, is negotiating with Hendrick Motorsports for a one-year extension of his contract to drive the #5 Kellogg’s Chevrolet.( Sporting News )(2-20-2003) UPDATE: Rejunivated Terry Labonte is in contract talks with Hendrick Motorsports. Labonte’s current contract runs out at the end of this year. An announcement is expected in the next few weeks for a three or four year deal.( Insider Racing News )(6-23-2003) UPDATE 2: #5-Terry Labonte, whose contract with Hendrick Motorsports expires after this season, said he plans to be back and has talked with the team about a contract extension.( Roanoke Times )(7-28-2003) UPDATE 3: Kellogg’s, which has sponsored Hendrick’s #5 Chevrolets and driver Terry Labonte since 1994, is expected to return next season with the start of a multi-year contract extension, sources said. Labonte, who is in the final year of his current contract with Hendrick, is also expected to return to the team for at least one more season, sources said. Asked about the sponsor and driver contracts, Hendrick team spokesman Jesse Essex said Tuesday the team does not comment on contract negotiations.( ThatsRacin.com )(7-29-2003)
