Even with half the purse and no fans, Indy 500 still has major team value

Indy 500 purse fans
Joe Skibinski / IndyCar
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Even with reportedly half the purse and no fans in attendance, NTT IndyCar Series driver-owner Ed Carpenter believes it remains “absolutely critical” to hold the 104th Indy 500.

“Far and away it’s what makes and breaks our season as teams,” the Ed Carpenter Racing namesake told reporters during a Zoom media availability last week. “It’s the most important event to our partners. It 100 percent sucks not having fans there and not even being able to have the experience with our partners in full being there. But it’s necessary.

“We’ve got to look at all the hard decisions now of what we have to do to be in a position to have fans in 2021. It’s critical for the health of the teams that we have this race to make sure we have teams back here next year. That sounds a little dramatic, but that’s the reality.

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“We live in not only a very volatile world right now, but our industry and motorsport in general, it’s not an easy business to operate. When you lose your marquee event, it’s a lot different than looking at losing Portland on the schedule or Barber. They’re in totally different atmospheres as far as the importance to us and our partners.”

Robin Miller reported on RACER.com that IndyCar and Indianapolis Motor Speedway owner Roger Penske told team owners last week the purse for the postponed Indianapolis 500 was slashed from $15 to $7.5 million. Miller reported holding the Aug. 23 race (1 p.m. ET, NBC) would be a $20 million hit to the bottom line.

Carpenter still is supportive of Penske’s “outstanding job” of leading the series through the novel coronavirus (COVID-19) pandemic.

Even with a 50 percent purse reduction, the Indy 500 remains the linchpin of teams’ economic viability.

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The schedule has taken many hits with the cancellation of races at Barber Motorsports Park, Circuit of the Americas, Detroit, Portland International Raceway, Laguna Seca and Toronto, and another race weekend doubleheader at Mid-Ohio has been indefinitely postponed.

That leaves the 2020 slate at 12 confirmed races of an original 17, which has raised questions about how many races teams need to fulfill sponsor obligations.

“It’s a moving target,” said Carpenter, who announced the U.S. Space Force as a new sponsor for the Indy 500. “I think we’ve been pretty blessed as a team with the level of commitment of our partners and their understanding of COVID-19 and the impact on our schedule, our contracts.

“All of it is out of our control, out of the series’ control, the promoter’s control. At the end of the day is there a firm number (of races) I can give? No. But definitely every one that we lose, it does make it harder to continue having those conversations.

I think everyone’s as confident as you can be right now with what we have in front of us with what’s remaining on the schedule. Things are so fluid, it changes day-to-day, let alone week-to-week. We just have to take it as it comes. Right now the focus is on the 500 and maximizing this month to the best we possibly can given the situation.”

That’ll be hard this month for Carpenter, who grew up in Indianapolis and is the stepson of Tony George, whose family owned Indianapolis Motor Speedway for decades.

Having spent a lifetime around the Brickyard, Carpenter will feel the ache of missing fans as he races in his 17th Indy 500.

Ed Carpenter, shown racing his No. 20 Dallara-Chevrolet at Iowa Speedway last month, led a race-high 65 laps and finished second in the 2018 Indy 500 (Chris Jones/IndyCar).

“Over that time you develop relationships that are centered around standing outside of your garage in Gasoline Alley,” he said. “It stinks, it sucks that we don’t get to share that passion we all have that is the Indianapolis 500. Unfortunately it’s the reality we’re in right now.

I think this is the best that we can do unfortunately. Without a doubt it’s going to be a different environment. You’re going to be missing the sounds and a lot of the sights and colors. For sure I’ve thought about it. It’s going to be a different morning, different lead-in to the race. After 16 of them, you have a cadence and anticipation for the buildup. That’s all going to be different this year.

“I’m confident it’s not going to affect the type of show we put on or the excitement and how aggressive we are fighting for an Indy 500 win. It’s still going to mean the same thing. We’re just not going to have our fans to celebrate with after the fact. But it’s going to be historic.”

IndyCar releases schedule for 2023 season

IndyCar schedule 2023
Douglas Stringer/Icon Sportswire via Getty Images
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The NTT IndyCar Series’ 2023 schedule will feature the same number of races and tracks as this season with some minor reshuffling of dates.

IndyCar will open the 2023 season March 5 on the streets of St. Petersburg, Florida, and will conclude Sept. 10 at WeatherTech Raceway Laguna Seca in Monterey, California. The 107th Indy 500 will take place May 28 at Indianapolis Motor Speedway.

The 17-race schedule will conclude with a stretch of eight races in the final nine weeks.

“The NTT IndyCar Series is on an impactful upward trajectory, making progress at a pace that befits our thrilling style of competition,” Penske Entertainment Corp. president and CEO Mark Miles said in a release. “The 2023 season provides an opportunity to further build on this trend, bringing our sport and its stars to more markets and households and reaching new consumers across the globe.”

There will be 15 events on NBC: 13 races (including six of the final seven) plus Indy 500 qualifying May 20-21. There also are three races on USA Network and the Toronto race exclusively on Peacock. All races on NBC and USA also will have live simulstreams on Peacock.

In partnership with NBC Sports, the 2022 IndyCar season was the most-watched in six years and the most-watched across NBC Sports on record. The 2022 season also was the most streamed season on record.

“We’re very excited for our 2023 NTT IndyCar Series schedule and to build on this past season’s viewership milestones,” NBC Sports vice president of programming Mike Perman said in a release. “In providing comprehensive coverage across NBC, Peacock and USA Network, NBC Sports is once again looking forward to telling the stories of these world-class drivers and this compelling series.”

Notable elements on the 2023 schedule:

–There will be the same balance of seven road course races, five street courses and five ovals.

–St. Pete will be the season opener for the 13th time.

–The Chevrolet Detroit Grand Prix will move from Belle Isle to the streets of downtown.

–The NASCAR doubleheader weekend at the IMS road course will shift to mid-August.

–The World Wide Technology Raceway event will move from Saturday to Sunday.

Start times for the 2023 events will be announced at a later date.

Here’s the 2023 IndyCar schedule:


Date Race/Track Network/Platform
Sun., March 5 Streets of St. Petersburg NBC, Peacock
Sun., April 2 Texas Motor Speedway NBC, Peacock
Sun., April 16 Streets of Long Beach NBC, Peacock
Sun., April 30 Barber Motorsports Park NBC, Peacock
Sat., May 13 Indianapolis Motor Speedway (Road Course) NBC, Peacock
Sun., May 28 The 107th Indianapolis 500 NBC, Peacock
Sun., June 4 Streets of Detroit NBC, Peacock
Sun., June 18 Road America USA Network, Peacock
Sun., July 2 Mid-Ohio Sports Car Course USA Network, Peacock
Sun., July 16 Streets of Toronto Peacock
Sat., July 22 Iowa Speedway – Race 1 NBC, Peacock
Sun., July 23 Iowa Speedway – Race 2 NBC, Peacock
Sun., Aug. 6 Streets of Nashville NBC, Peacock
Sat., Aug. 12 Indianapolis Motor Speedway (Road Course) USA Network, Peacock
Sun., Aug. 27 World Wide Technology Raceway NBC, Peacock
Sun., Sept. 3 Portland International Raceway NBC, Peacock
Sun., Sept. 10 WeatherTech Raceway Laguna Seca NBC, Peacock

*dates and networks/platforms are subject to change