DENVER, Colo. - The future of Furniture Row Racing got clearer Thursday, as the team announced a two-year contract extension with driver Martin Truex, Jr.

In addition to re-signing Truex, the team announced that sponsor Bass Pro Shops will increase its primary sponsorship schedule on the No. 78 Toyota from 12 to 16 races in 2017, starting with the Daytona 500.

"The signing of Martin Truex, Jr. to a new contract and Bass Pro Shops/Tracker Boats adding more races to its primary sponsorship package are signs of strength and confidence for the future of Furniture Row Racing," said team president Joe Garone. "Martin has proved over and over that he is one of the blue chip drivers in the NASCAR Sprint Cup Series and we are elated that he will continue to drive our No. 78 Toyota."

Since joining the Denver-based team in 2014, Truex has collected two victories, including this year's Coca-Cola 600, where he led a race- and NASCAR-record 588 miles.

"I am pleased that we're going to continue our momentum from this season," Truex said. "This is where I want to be, driving the No. 78 Furniture Row Racing Toyota. We've come a long way in a short period of time. There are many reasons to feel excited and optimistic about the future of our racing program starting with the commitment from team owner Barney Visser, the support from Toyota, the technical alliance with Joe Gibbs Racing, and the Bass Pro Shops sponsorship."

After winning at Charlotte, Truex put himself in position to qualify for the Chase for the fourth time in his career. Last season, the two-time NASCAR Xfinity Series champion reached the championship round at Homestead-Miami Speedway, finishing fourth in the final standings.

Truex currently sits eighth in the 2016 standings with three poles, three top-five finishes, and nine top 10s. He has led the most laps of all Cup series drivers up to this point with 1005.