It’s official — Arrow McLaren Racing SP names O’Ward, Askew in IndyCar

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It’s now official – Pato O’Ward and Oliver Askew are in and popular driver James Hinchcliffe is out at Arrow McLaren Racing SP in the NTT IndyCar Series. Both moves were expected and widely covered by NBC Sports.com on Tuesday as the news broke earlier this week.

McLaren issued the announcement at 11 a.m. Eastern Time on Wednesday, October 30. It’s two-driver lineup will feature the past two Indy Lights Series champions. O’Ward won the Indy Lights title in 2018 for Andretti Autosport. Askew drove Andretti Autosport to the 2019 Indy Lights championship.

“It’s a dream come true to be joining Arrow McLaren SP for my first year in IndyCar,” said Askew, who won seven races in 2019. “The new team brings together three great partners and it’s an honor to be representing them in this new chapter for the team and for my career. This is an exciting new challenge for me and the next natural step after winning the Indy Lights title this year. I can’t wait to get started.”

For O’Ward, he is back in IndyCar, one year after he was announced as a driver for Harding Steinbrenner Racing after an impressive IndyCar debut in the 2018 season-finale. But that deal unraveled before the 2019 IndyCar season ever began. He drove a few races for Carlin, failed to make the field for the 103rd Indianapolis 500 and left IndyCar to participate in the Red Bull driver development program in Europe.

The 20-year-old driver from Mexico left that program earlier this month and has returned to IndyCar.

“I couldn’t be happier to be with Arrow McLaren SP for my first full season in IndyCar,” O’Ward said. “I’ve had some great opportunities over the last year, but this is by far the greatest thing that could possibly happen for my career. I had a taste of IndyCar earlier this year and cannot wait to represent Arrow McLaren SP in the best way possible for a full season in 2020.”

Also, the team announced the end of its relationship with popular Canadian driver James Hinchcliffe. NBC Sports.com reported on Tuesday that IndyCar Series team owners Bobby Rahal and Dale Coyne plan to talk to Hinchcliffe later this week about the possibility of putting together a third entry on their respective IndyCar teams.

The Canadian joined Arrow Schmidt Peterson in 2015 and scored three wins throughout his tenure with the team, while admirably leading the team through moments of huge adversity.

While Hinchcliffe will cease racing for the team in 2020, he remains under contract with Arrow McLaren SP but is free to seek and secure alternative options.

“James has been a great ambassador for our team, and for the sport, over the last five years,” said Arrow McLaren SP co-owner, Sam Schmidt. “Our history dates back to his early days in Indy Lights and we’ve been on a tremendous journey together. Most impressive was James’s determination to come back after his accident in 2015. I have the utmost respect for James and would like to thank him for his hard work and accomplishments during that period and wish him well in his future endeavors.

“We recognize that James is a fiercely motivated and determined competitor, and we won’t hesitate to release him unconditionally to secure another drive, whether in IndyCar or another series.”

Ric Peterson is the third ownership partner of the team and offered his thoughts on his fellow Canadian.

“James’ passion for the team has been crucial in our development since he joined us in 2015,” Peterson said. “His perseverance and teamwork led us to three wins and an Indianapolis 500 pole position. James has been a big part of our growth over the last five years and I’d like to personally thank him for everything. On behalf of the entire team, we wish him all the best moving forward.”

Arrow McLaren SP has a history of developing young talent into championship winners. The team, formerly known as Arrow Schmidt Peterson Motorsports, are the winningest Indy Lights team in history with seven championships and have given IndyCar opportunities to rising stars such as Simon Pagenaud and Robert Wickens in recent years.

“With our background in Indy Lights, I’ve followed Oliver and Pato closely over the last few years on the Road to Indy,” Schmidt. said “I couldn’t think of a better pairing as we write the first chapter in Arrow McLaren SP’s story. They’ve proven their skills on the Road to Indy and with an Indy Lights championship each, they are ready and deserving of full-time seats in IndyCar. I have no doubt that Oliver and Pato are the right drivers to move Arrow McLaren SP forward.”

Finally, Gil de Ferran is McLaren’s Sporting Director, which includes overseeing the entire IndyCar program. He gave his thoughts on the moves.“As we look to establish Arrow McLaren SP and re-establish McLaren in the world of IndyCar, I’m delighted to be welcoming these two young, homegrown talents to the team,” De Ferran said. “Oliver and Pato represent the new generation of IndyCar drivers. Proven winners and exciting prospects, I have no doubt that they will form an excellent pairing as we take on the 2020 season.

“Both drivers were super-impressive in Indy Lights, racking up 16 wins between them over the last two seasons. We have taken time and care to make a driver selection that we believe is in the best long-term interests of Arrow McLaren SP.”

Follow Bruce Martin on Twitter at @BruceMartin_500 

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