Updated

Mooresville, NC (SportsNetwork.com) - Brad Keselowski and Penske Racing have agreed to a multi-year contract extension.

Terms of the deal were not disclosed, although NASCAR.com reports it will keep him with the organization through 2017.

Keselowski, the 2012 Sprint Cup Series champion, was under contract through 2014. The new deal coincides with an extension with Keselowski's primary sponsor, Miller Lite.

"I am fully committed to Penske Racing and Miller Lite," said Keselowski in a team release. "This will allow us to further grow our program and contend for championships on a consistent basis. It's an exciting time to be a part of this organization and I look forward to a successful future."

Keselowski did not qualify for this year's Chase for the Sprint Cup championship. The nine-time Sprint Cup race winner has yet to reach victory lane this year, but has 12 top-10 finishes in 29 starts.