Monaco Grand Prix canceled; two Formula One races postponed

By Mar 19, 2020, 12:16 PM EDT
Robert Szaniszló/NurPhoto via Getty Images
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The Monaco Grand Prix, a crown jewel of Formula One, was canceled Thursday because of the novel coronavirus (COVID-19) pandemic.

Two more races were postponed. The Dutch Grand Prix (slated for May 1-3 after returning to the calendar for the first time in 35 years) and Spanish Grand Prix (May 8-10) were put on hold.

Monte Carlo had been set for its traditional Memorial Day weekend (May 21-24). This will mark the first time since 1954 that F1 won’t race in Monaco.

Because it’s a street race that requires the construction of a temporary course, rescheduling is logistically difficult (in IndyCar, the street races at Long Beach and St. Petersburg also have been canceled).

Formula One already had canceled the season opener at Australia and announced the postponements of the Chinese, Bahrain and Vietnam races.

In a release, the FIA said it’s studying the viability of rescheduling the races later in the year and expected to begin the 2020 season as soon as it’s safe after May.

Here’s the release from the FIA:

“In view of the continued global spread of COVID-19 and after ongoing discussions with Formula 1 and the three promoters, it has today been confirmed that the Formula 1 Dutch Grand Prix 2020, Formula 1 Spanish Grand Prix 2020 and Formula 1 Monaco Grand Prix 2020 will be postponed.

Due to the ongoing and fluid nature of the COVID-19 situation globally, the FIA, Formula 1 and the three promoters have taken these decisions in order to ensure the health and safety of the traveling staff, championship participants and fans, which remains our primary concern.

The FIA and Formula 1 continue to work closely with affected promoters and local authorities to monitor the situation and take the appropriate amount of time to study the viability of potential alternative dates for each Grand Prix later in the year should the situation improve.

The FIA and Formula 1 expect to begin the 2020 Championship season as soon as it is safe to do so after May and will continue to regularly monitor the ongoing COVID-19 situation.”

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

By May 29, 2023, 6:01 PM EDT
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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