News Analysis: Brad Keselowski signs extension with Team Penske

What happened: Brad Keselowski removed himself from the potential free agent market by signing a long-term contract extension with Team Penske, the team announced Tuesday morning. The length of the deal was not released, but the team’s statement said Keselowski would remain driver of the No. 2 car for “well into the future.” In addition, crew chief Paul Wolfe also signed a contract extension.

What it means: Keselowski played coy about his future prospects when asked in April, saying he was happy at Penske but had learned to never say no to the possibility of other opportunities. But as Silly Season developed further, it became clear Keselowski was working on staying at his current home and would not be jumping back to Hendrick Motorsports, which was where he made some early Cup starts. Staying put makes sense, because Keselowski has deep ties to the status quo — not just through his time there building a team with Wolfe, but with Penske’s Michigan connection and Ford’s support for the Brad Keselowski Racing team in the Truck Series.

News value (scale of 1-10): Three. This wasn’t a surprise and had become a long-anticipated announcement. Although it’s a big-name driver, it involves staying with the same team — so it’s along the same lines as the Denny Hamlin contract extension news in February.

Questions: After locking up both Keselowski and Joey Logano to long-term deals, is Penske’s next target creating a third team to bring Ryan Blaney back in house? Will Keselowski avoid the post-extension slump being endured by Logano? Does this mean Keselowski, 33, will ultimately finish his career at Penske?

News Analysis: Erik Jones to drive the No. 20 car

What happened: Joe Gibbs Racing made a long-speculated move official on Tuesday, announcing Erik Jones will return to the team after a one-year loan to affiliate Furniture Row Racing. Jones, a Cup rookie this season, has been a JGR development driver and will replace former Cup champion Matt Kenseth in the No. 20 car.

What it means: The NASCAR youth movement continues. As Kenseth has said, he does not intend to retire despite being 45 years old. It appears he essentially got pushed out of JGR by the desire to give one of NASCAR’s top young drivers a home with the team.

News value (scale of 1-10): Two. This is not a surprise at all, but it is noteworthy in that it’s a driver change at one of the top teams.

Questions: What happens to the No. 77 team at Furniture Row Racing? Will Kenseth be able to land at another top organization? How quickly can Jones become a regular winner at JGR?