After retiring at the end of the 1992 season, he switched focus to NASCAR, forming the team Joe Gibbs Racing, which has since won five NASCAR Cup Series championships. In 2004, Gibbs came out of retirement to rejoin the Redskins as head coach, staying with them until 2007 when he again retired following the season's end. Gibbs was inducted into the Pro Football Hall of Fame in 1996, as well as being named to the NFL 100 All-Time Team. Gibbs was also inducted into the NASCAR Hall of Fame in 2020. Gibbs is the only person to have won a Super Bowl and a NASCAR Cup Series Championship, and is also the only one inducted into both Halls of Fame.