IndyCar: Leaders Circle payout increases for 2015

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INDYCAR has announced an increase to the Leaders Circle payout to $1.25 million per entrant in the circle for 2015.

The full release from the series is below:

INDYCAR announced today an increase of $250,000 to its Leaders Circle program, which raises the total annual payment for eligible Verizon IndyCar Series entrants to $1.25 million.

A total of 21 entrants are entered in the Leaders Circle program for the 2015 Verizon IndyCar Series season.

“INDYCAR is invested in the continued support of its teams,” said Derrick Walker, INDYCAR President of Competition and Operations. “The Leaders Circle program rewards INDYCAR teams for full-season participation and helps each of them with an additional source of funding. The program is also an asset to our promoters as it guarantees over 20 cars at each Verizon IndyCar Series event. As INDYCAR continues to grow we’re excited about opportunities like this that are beneficial to the teams that compete in our series.”

The Leaders Circle program was established in 2002 to provide incentives to teams that participate full time in the Verizon IndyCar Series. Each Leaders Circle member is assured a minimum of $1.25 million if the entrant successfully qualifies for all of the 16 Verizon IndyCar Series events in 2015, including the 99th Running of the Indianapolis 500 Mile Race. Twenty-one entrants were selected based on final 2014 Verizon IndyCar Series final entrant points.

All Leaders Circle entrants will continue to compete for bonuses that will now be paid to the top-12 finishers – an increase of two positions compared to 2014 – at each Verizon IndyCar Series race aside from the Indianapolis 500. Non-Leaders Circle entrants also will compete for payouts awarded to the top-three finishers in each race excluding the Indianapolis 500.

The Verizon IndyCar Series driver champion and championship entrant again will share a $1 million bonus, with second through 10th in the standings sharing bonuses totaling $320,000. The recipient of the Verizon IndyCar Series Sunoco Rookie of the Year award will receive a $50,000 bonus.

Contingency awards will continue to be presented at all Verizon IndyCar Series events.

Zach Veach splits with Andretti Autosport for rest of IndyCar season

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Zach Veach will be leaving his Andretti Autosport ride with three races remaining in the season, choosing to explore options after the decision was made he wouldn’t return for 2021.

In a Wednesday release, Andretti Autosport said a replacement driver for the No. 26 Dallara-Honda would be named in the coming days. The NTT IndyCar Series will race Oct. 2-3 at the Indianapolis Motor Speedway road course and then conclude the season Oct. 25 on the streets of St. Petersburg, Florida.

Veach was ranked 11th in the points standings through 11 races of his third season with Andretti. Since a fourth in the June 6 season opener at Texas Motor Speedway, he hadn’t finished higher than 14th.

“The decision was made that I will not be returning in 2021 with Andretti Autosport in the No. 26 Gainbridge car,” Veach said in the Andretti release. “This, along with knowing that limited testing exists for teams due to COVID, have led me to the decision to step out of the car for the remainder of the 2020 IndyCar season. I am doing this to allow the team to have time with other drivers as they prepare for 2021, and so that I can also explore my own 2021 options.

“This is the hardest decision I have ever made, but to me, racing is about family, and it is my belief that you take care of your family. Andretti Autosport is my family and I feel this is what is best to help us all reach the next step. I will forever be grateful to Michael and the team for all of their support over the years. I would not be where I am today if it wasn’t for a relationship that started many years ago with Road to Indy. I will also be forever grateful to Dan Towriss for his friendship and for the opportunity he and Gainbridge have given me.

“My love for this sport and the people involved is unmeasurable, and I look forward to continuing to be amongst the racing world and fans in 2021.”

Said team owner Michael Andretti: “We first welcomed Zach to the Andretti team back in his USF2000 days and have enjoyed watching him grow and evolve as a racer, and a person. His decision to allow us to use the last few races to explore our 2021 options shows the measure of his character.

“Zach has always placed team and family first, and we’re very happy to have had him as part of ours for so many years. We wish him the best in whatever 2021 may bring and will always consider him a friend.”

Andretti fields five full-time cars for Veach, Alexander Rossi, Ryan Hunter-Reay, Marco Andretti and Colton Herta.

It also has fielded James Hinchcliffe in three races this season.