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Source: Newman has verbal agreement with Stewart-Haas

Updated: July 30, 2008, 7:53 PM ET
By David Newton | ESPN.com

CHARLOTTE, N.C. -- Ryan Newman has reached a verbal agreement to drive for Stewart-Haas Racing next season, a NASCAR source close to the situation told ESPN.com on Wednesday.

The deal could take up to a month to finalize and announce as negotiations continue for car sponsors.

Newman reached the agreement after Joe Gibbs Racing was unable to nail down sponsorship to start a fourth team. JGR president J.D. Gibbs confirmed on Sunday at Indianapolis that Newman ...

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