Penske picks up Busch's 2011 option

Updated: January 18, 2010, 9:22 PM ET
By David Newton | ESPN.com

CONCORD, N.C. -- Penske Racing has picked up the option on Kurt Busch's contract for 2011, team owner Roger Penske said on Monday night.

The contract allows Busch to talk to other teams next season, but Penske said he has the right to match any offer. Penske added that it is his intention to keep the 2004 Sprint Cup champion with the organization long term.

Busch said he likes having the option to explore, but it is his goal to work out a long-term deal with Penske.

"Absolutely," Busch said during the final stop on the first day of the 2010 Media Tour. "I like where I am. I like where things are going."

David Newton covers NASCAR for ESPN.com. He can be reached at dnewtonespn@aol.com.

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ESPN Carolina Panthers reporter