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Jarrett will hand keys to Reutimann for majority of 2008 season

Updated: October 12, 2007, 5:17 PM ET
By David Newton | ESPN.com

CONCORD, N.C. -- Michael Waltrip Racing lost a champion and picked up a financial partner on Friday.

Dale Jarrett announced he will step away from the Nextel Cup series after the first five races of 2008, handing the No. 44 UPS Toyota over to David Reutimann.

The 1999 Cup champion and three-time Daytona 500 winner also will run the all-star race, a non-points event, before retiring completely as a competitor to pursue a career as a NASCAR television broadcaster.

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