Jeff Burton will not return to Richard Childress Racing for the 2014 season.
Burton made the announcement Wednesday, ending his relationship with RCR that dates to the 2005 season. The South Boston native hasn't won since 2008 and is 22nd in the Sprint Cup standings this season.
RCR says a new driver for the No. 31 Chevrolet will be announced at a later date. RCR also fields teams for Paul Menard and Kevin Harvick, who is leaving after this season to join Stewart-Haas Racing.
The 46-year-old Burton has four of his 21 career Cup victories with RCR. He says the "financial realities for next year" forced the breakup.
“I strongly believe in the No. 31 team as to what we can achieve this year, and for the team in seasons to follow," Burton wrote in a news release. "However, the financial realities for next year were obvious to both Richard (Childress) and me. So, we talked about it and both made the decision to make this move for the team's future.”
"We have been working hard to try and get all the funding in place to have four Sprint Cup teams in 2014," Richard Childress, president and CEO of Richard Childress Racing, wrote in a news release. "With the date on the calendar getting closer to 2014, we just couldn't run partially funded teams next year. Knowing what Jeff's plans were in 2015, he and I worked out an agreement for him to step out of the No. 31 Caterpillar Chevrolet after this season.