Digesting a busy day of IndyCar driver news: Business is business

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Today has been arguably the busiest day of Verizon IndyCar Series driver news this year, with three major updates coming out heading into both this weekend’s Toyota Grand Prix of Long Beach and the upcoming month of May in Indianapolis.

We’ll start in chronological order, starting with this morning’s confirmation of Oriol Servia in a second Honda for Rahal Letterman Lanigan Racing in the Indianapolis 500.

RLL has made a wise choice bringing back Servia – one of this generation’s more underrated drivers – alongside Graham Rahal. The two have past history both last year and in 2009, and Servia is also now reunited with some of the ex-Newman/Haas/Lanigan Racing personnel they both worked with in ’09.

Servia’s a development ace, a consistent driver and someone who’s renowned for outperforming the machinery at his disposal. Considering RLL has been off to a strong start in 2015, the Servia addition makes sense on nearly every level.

Next up was the mid-morning shocker that Sebastian Saavedra would be joining Chip Ganassi Racing Teams, sharing the No. 8 Chevrolet with CGR development driver and 2013 Indy Lights champion Sage Karam for the balance of the season.

Purely on merit, it’s a questionable move. Saavedra has a less than distinguished career record in IndyCar, as in 56 career starts from 2010 to 2014 he has not scored a single top-five, only three top-10s while failing to finish 20 starts.

Arguably his two most notable moments in IndyCar have been because of accidents – he made it into his first Indianapolis 500 as a teenager in 2010 from a hospital bed following an accident and other cars withdrawing their times. Meanwhile following a surprise pole at last year’s inaugural Grand Prix of Indianapolis, his car was struck after failing to engage from the standing start, as part of a big crash.

The knock on Saavedra is his inconsistency. He has flashes of brilliance, but they’re rarely sustained.

On the whole, he’s a nice enough individual and he’s enjoyed the longtime personal and financial support of AFS’ Gary Peterson – the paddock is better for having both of them engaged in some capacity – but in a Ganassi-prepared car, he has his best chance to perform and zero excuses if he doesn’t.

On a positive note, this keeps CGR at a four-car lineup through the remainder of the season, after it had been in doubt for much of the offseason. It keeps the crewmembers busy and at the track, and it keeps another car on the grid. As a Leaders Circle entrant, the No. 8 car would need to run the full schedule to ensure full payments.

This also ensures Karam will have a chance to improve after two ragged races to open his 2015 campaign. Knowing you have more races is a built-in confidence booster, and even if this means Karam won’t have a full 16-race slate to go for rookie-of-the-year honors, he still has a better shot than he did 24 hours ago. Just look at the improvement Luca Filippi has made in two races knowing he has a full complement of road and street races, compared to his roller coaster starts in 2013 and 2014.

On the subject of four-car lineups though, it’s with a bit of sadness to write that Simona de Silvestro won’t be racing at Long Beach this weekend, a team spokesperson confirmed, after running the opening two rounds for Andretti Autosport in the team’s No. 25 Honda.

It’s not for a lack of effort on either the driver or team’s part.

Per multiple Andretti personnel, the team was working up until the moment the trucks were leaving for California to assemble a fourth car for de Silvestro, who is still part of the team’s long-term plans.

There’s a “near certainty” that de Silvestro will be in further races this year beyond the Indianapolis 500, her next scheduled race in the team’s No. 29 TE Connectivity-backed Honda.

Following a fourth place at NOLA Motorsports Park, de Silvestro currently sits sixth in points, best of Andretti Autosport’s four drivers. But the car is not a Leaders Circle entry, and unless it’s fully funded for that particular race, it won’t run.

Is it unfortunate? Yes. But, business is business, and ultimately, that’s what all of today’s three bits of IndyCar driver news have in common.

Winner Josef Newgarden earns $3.666 million from a record Indy 500 purse of $17 million

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INDIANAPOLIS — The first Indy 500 victory for Josef Newgarden also was the richest in race history from a record 2023 purse of just more than $17 million.

The two-time NTT IndyCar Series champion, who continued his celebration Monday morning at Indianapolis Motor Speedway earned $3.666 million for winning the 107th running of the Greatest Spectacle in Racing.

The purse and winner’s share both are the largest in the history of the Indianapolis 500.

It’s the second consecutive year that the Indy 500 purse set a record after the 2022 Indy 500 became the first to crack the $16 million mark (nearly doubling the 2021 purse that offered a purse of $8,854,565 after a crowd limited to 135,000 because of the COVID-19 pandemic).

The average payout for IndyCar drivers was $500,600 (exceeding last year’s average of $485,000).

Indianapolis Motor Speedway owner Roger Penske, whose team also fields Newgarden’s No. 2 Dallara-Chevrolet, had made raising purses a priority since buying the track in 2020. But Penske but was unable to post big money purses until the race returned to full capacity grandstands last year.

The largest Indy 500 purse before this year was $14.4 million for the 2008 Indy 500 won by Scott Dixon (whose share was $2,988,065). Ericsson’s haul made him the second Indy 500 winner to top $3 million (2009 winner Helio Castroneves won $3,048,005.

Runner-up Marcus Ericsson won $1.043 million after falling short by 0.0974 seconds in the fourth-closest finish in Indy 500 history.

The 107th Indy 500 drew a crowd of at least 330,000 that was the largest since the sellout for the 100th running in 2016, and the second-largest in more than two decades, according to track officials.

“This is the greatest race in the world, and it was an especially monumental Month of May featuring packed grandstands and intense on-track action,” Penske Entertainment president and CEO Mark Miles said in a release. “Now, we have the best end card possible for the 107th Running of the Indianapolis 500: a record-breaking purse for the history books.”

Benjamin Pedersen was named the Indy 500 rookie of the year, earning a $50,000 bonus.

The race’s purse is determined through contingency and special awards from IMS and IndyCar. The awards were presented Monday night in the annual Indy 500 Victory Celebration at the JW Marriott in downtown Indianapolis.

The payouts for the 107th Indy 500:

1. Josef Newgarden, $3,666,000
2. Marcus Ericsson, $1,043,000
3. Santino Ferrucci, $481,800
4. Alex Palou, $801,500
5. Alexander Rossi, $574,000
6. Scott Dixon, $582,000
7. Takuma Sato, $217,300
8. Conor Daly, $512,000
9. Colton Herta, $506,500
10. Rinus VeeKay, $556,500
11. Ryan Hunter‐Reay, $145,500
12. Callum Ilott, $495,500
13. Devlin DeFrancesco, $482,000
14. Scott McLaughlin, $485,000
15. Helio Castroneves, $481,500
16. Tony Kanaan, $105,000
17. Marco Andretti, $102,000
18. Jack Harvey, $472,000
19. Christian Lundgaard, $467,500
20. Ed Carpenter, $102,000
21. Benjamin Pedersen (R), $215,300
22. Graham Rahal, $565,500*
23. Will Power, $488,000
24. Pato O’Ward, $516,500
25. Simon Pagenaud, $465,500
26. Agustín Canapino (R), $156,300
27. Felix Rosenqvist, $278,300
28. Kyle Kirkwood, $465,500
29. David Malukas, $462,000
30. Romain Grosjean, $462,000
31. Sting Ray Robb (R), $463,000
32. RC Enerson (R), $103,000
33.  Katherine Legge, $102,000

*–Broken down between two teams, $460,000 Rahal Letterman Lanigan Racing, $105,500 Dreyer & Reinbold Racing/Cusick Motorsports