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Newgarden inks new multi-year contract extension with Team Penske

Josef Newgarden has inked a new multi-year contract extension to continue to pilot the No. 2 Dallara-Chevrolet for Team Penske in the NTT INDYCAR SERIES, beginning in 2025.

The news comes as the two-time IndyCar Series champion from Hendersonville, Tennessee, is coming off his second consecutive triumph in the Indianapolis 500 at Indianapolis Motor Speedway, where he led 13 of 200 laps and overtook Arrow McLaren’s Pato O’Ward on the final lap en route to the victory. As a result, Newgarden is the first competitor in 22 years to win back-to-back Indianapolis 500s, a feat last made by Helio Castroneves between the 2001 and 2002 seasons, and he delivered the record-setting 20th Indy 500 victory for team owner Roger Penske.

“Driving for Roger Penske and this iconic team is a dream that I never thought I would realize,” Newgarden said in a statement. “I’m thankful for the opportunities that I’ve been given during my time at Team Penske. I have a great amount of respect for the individuals that comprise our group, incluidng the partners who support us. Our time together has been filled with hard work, teamwork and dedication; and I’m so excited that we will continue on for many more years to come. I’m sure we can achieve much more in the future. I still believe we haven’t reached our full potential together just yet.”

Newgarden, who first competed in IndyCar in 2012, was announced as a Team Penske competitor for the 2017 season in early October 2016. Three races into the 2017 season, he secured his first victory as a Penske competitor at Barber Motorsports Park. He would proceed to claim three additional victories and a total of nine podiums while contending for the driver’s championship throughout the 17-race schedule. With a runner-up finish in the season-finale event at Sonoma Raceway, Newgarden claimed the title by 13 points over teammate Simon Pagenaud and became the first American competitor to win an IndyCar championship since Ryan Hunter-Reay made the last accomplishment in 2012.

In the six-plus years that follow since winning his first championship during his first season with Team Penske, Newgarden recorded a second IndyCar title in 2019 after beating Pagenaud for a second time, this time by 25 points. He also achieved his first Indianapolis 500 victory in 2023 after overtaking and fending off the 2022 Indy 500 champion Marcus Ericsson during a one-lap dash to the finish. As a result, he became the 75th competitor overall and the first American competitor since Alexander Rossi made the last accomplishment in 2016 to win the “Greatest Spectacle in Racing” event at Indianapolis.

To date, Newgarden has recorded 27 victories, 17 poles, 43 podiums, 3,432 laps led and an average-finishing result of 7.7, all while competing for Team Penske. With his three other victories occurring between CFH Racing and Ed Carpenter Racing between the 2015 and 2016 seasons, Newgarden sits in 13th place on the all-time IndyCar wins list at 30.

“Josef Newgarden is a true winner, and we are excited that he will continue as a part of Team Penske for years to come,” Roger Penske added. “What he did Sunday in the Indianapolis 500 shows how Josef consistently delivers for our team and our partners on the track, and he is just as impressive off the track as well. We are proud to have Josef continue with our organization as his skill and passion embody what it means to be a Team Penske driver.”

Newgarden is currently ranked in seventh place in the 2024 driver’s standings, where he trails the points lead by 61 points. His second Indy 500 victory rallies him and the No. 2 team from their disqualification from winning the season-opening Firestone Grand Prix of St. Petersburg for violating the sport’s push-to-pass regulations in February, an issue that also affected Team Penske teammate Scott McLaughlin.

With his future set, Josef Newgarden’s quest to win a third NTT INDYCAR Series championship in 2024 continues with this weekend’s Chevrolet Detroit Grand Prix at the Streets of Detroit, Michigan, where he is set to start in third place after posting the third-fastest qualifying lap at 97.145 mph in one minute, 0.9607 seconds. The event is scheduled to commence on Sunday, June 2, and air at noon ET on USA Network.

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of SpeedwayMedia.com

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