Gibbs also revealed the details of his denial of Busch's opportunity, claiming that the veteran racer could have raced the iconic race at the Brickyard if he'd fulfilled some admittedly tricky criteria.
The topic has come up again this week as Kyle Larson prepares for his second consecutive attempt at the Memorial Day Weekend Double, in a seat which could have been Busch's in 2024.
Asked outright if he regretted the decision to block Busch, Gibbs said: "Yeah, I think anytime you’re confronted with something like that, you have to make the best decision you can. Number one for me is our NASCAR team.
"When I considered anything like that, the number one thing for me was the fact that when you race cars, things can happen. So you’ve got to make sure that our race team is protected.
"So basically what I said was if I have – if you can get me an insurance policy that says whatever races you would miss, to protect our race team and our sponsors, that I would okay it. But that’s really hard to do.
"Anyway, I think we went through that with Kyle, and I understand kind of where he is, too. I respect Kyle. That guy is gifted. He did so much for us. He had a big part in putting our race team where it is. I think he’s 56 wins or something. So it’s a big deal for us. I really respect him, he and Sam and Brexton now, all they’ve got going on. I think it’s awesome."