Musgrave married the former Deborah Pantle. They met while traveling back and forth from Waukegan on Sunday nights. "She was a friend of a friend of my father who needed a ride back to Illinois on Sunday nights," he said. After they married, she trained and showed horses while he raced. They have two sons, Justin and Ted, Jr., and a daughter, Brittany. Justin raced light trucks, and Ted, Jr. raced on the ASA tour.
