Travis Pastrana leaving NASCAR

Travis Pastrana announced Monday that he is leaving the Roush Fenway Racing team and will not be competing in NASCAR Nationwide events in 2014, following a week of rumors and speculation about his future in auto racing.

"It's tough to step back now and prove the critics were right, but unfortunately my results were not good enough to get the sponsors I needed to appropriately fund next season," Pastrana said in a statement.

Pastrana is currently ranked 14th overall on the NASCAR Nationwide series. He cracked the top 10 four times this season but never made the podium. His best finish put him in ninth place at the ToyotaCare 250 in Richmond, Va., and his season included an infamous crash and 36th-place finish at Aaron's 312 in Talladega, Ala., where he squandered his first pole position.

"I hate to quit and I hate to fail, but sometimes things work out as they should," Pastrana said. "I've never been able to figure out the finesse required in pavement racing and that is disappointing, but I'm looking forward to driving more rally and racing more off-road trucks. My wife is excited to get back to skating on the Nitro Circus Live Tour and I'm excited to spend some quality time with my girls."

Pastrana will complete the 2013 NASCAR Nationwide Series at the Ford EcoBoost 300 on Saturday.