This is according to an announcement from his current team, Haro-Lee Dungarees.
Haro president and CEO, Jim Ford said:
"We choose not to match an offer presented to Greg to ride for Honda in 2004. Although the financial terms of the offer were significant, money wasn't the real issue. Greg and I talked and after hearing his desire to work with Honda on this project, I felt that it was best for both of us to end the relationship on a positive note."
According to a news story on cyclingnews.com, Minnaar's manager, Martin Whitely said:
"Honda will issue a formal press release about the 2004 program and line up of Team G Cross Honda once that has been finalised. The timing is such that Haro needed to make an announcement now about Greg's departure from their program, and Honda agreed that it be stated where he would be going, but until they have finalised their full program, they have nothing to add to the Haro statement. It is expected that an official press release will be made in December."