CLEVELAND (AP) _ Championship Auto Racing Teams dropped the Cleveland Grand Prix from its schedule next year because of a financial dispute.

CART has raced at Burke Lakefront Airport's temporary course in Cleveland since 1982. The series, sponsored by FedEx, reportedly was seeking $2 million for next year's race. The fee was $1.5 million for this year's race, which was run in the rain Sunday.

``It was CART's desire to continue racing at Cleveland, and it is unfortunate we could not come to an agreement,'' said Andrew Craig, CART chairman and chief executive officer. ``The race fans in Cleveland are among the best on our schedule.''

The promoter for the Cleveland Grand Prix is negotiating with the Indy Racing League, CART's rival, about coming to Cleveland next summer.

In another move, CART signed an extension with the Mid-Ohio Sports Car Course in Lexington, about 60 miles north of Columbus, through 2003.