Barack Obama wants to run laps around the competition, but now he's taking that ambition to new levels.

The presumptive Democratic presidential nominee's campaign is in talks to become the lead sponsor for a race car in NASCAR's Sprint Cup Series, Sports Illustrated reports.

The magazine reported Friday that Obama's campaign is considering sponsoring a BAM Racing car at the Pocono race this August in Pennsylvania.

Asked about the report, Obama spokeswoman Jen Psaki told FOX News, "We get a lot of good ideas every day, but there are no such agreements in place at this time."

Team spokesman Rhett Vandiver told The Associated Press on Friday that the team has made a sponsorship proposal to the Democratic presidential hopeful's campaign, and has made similar proposals to the campaign of Republican John McCain and at least one third-party candidate.

BAM Racing is a small team that rarely get much camera time. The team is not guaranteed a position in August and still needs to qualify to compete.

The upcoming race is set for swing-vote territory in Pennsylvania.

Should the deal with Obama come together, it is believed to be the first time a presidential campaign has sponsored a car in NASCAR's top series -- and a fairly bold move within a sport whose competitors spend all year turning left on the track but tend to lean to the right politically.

Click here to read the report in Sports Illustrated.

The Associated Press contributed to this story.