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Stewart passes on Penske's Indy 500 offer

Updated: December 5, 2012, 8:39 PM ET
Associated Press

INDIANAPOLIS -- Tony Stewart passed up a chance to race for Roger Penske in the Indianapolis 500.

The three-time NASCAR champion said Wednesday at the International Motorsports Industry Show that he wouldn't attempt to race in both the Indy 500 and NASCAR's Coca-Cola 600 on the same day.

"As much as I would like to do it, we just don't have the time to do it proper," Stewart said. "The IRL is so competitive now, you're not going to just show up like drivers used to do in the past ...

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