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16th
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This coming Friday is the deadline for the teams that have decided to renew their participation into IndyCar's Leaders Circle program for the upcoming 2013 season.
The program is primarily designed to reward teams that finished in the top 22 of last season's standings and for their full-time participation to the series. This season, the monetary value of an entry is about $1 million.
To renew, teams must pay $50,000 now, then another $60,000 in a month. There's also a $15,000 technology fee.
Most of the top 22 teams are expected to renew, but there are a couple of key ones that had not renewed as of Thursday. They include: The No. 38 car of Ganassi Racing (driven last year by Graham Rahal) and the No. 2 car of Penske Racing (Ryan Briscoe).
The other car of interest is the No. 8 of KV Racing Technology entry that was driven last year by former Formula 1 veteran Rubens Barrichello who decided to pursue his career in stock car back home in Brazil.
As of today, Ganassi Racing has not decided whether to renew the No. 38 car since sponsorship isn't in place.
Same thing applies to Team Penske, which still has to decide whether or not to recommit for the No. 2 Dallara. Team Penske may pay the fees and then try to finalise a sponsorship deal.
The program is primarily designed to reward teams that finished in the top 22 of last season's standings and for their full-time participation to the series. This season, the monetary value of an entry is about $1 million.
To renew, teams must pay $50,000 now, then another $60,000 in a month. There's also a $15,000 technology fee.
Most of the top 22 teams are expected to renew, but there are a couple of key ones that had not renewed as of Thursday. They include: The No. 38 car of Ganassi Racing (driven last year by Graham Rahal) and the No. 2 car of Penske Racing (Ryan Briscoe).
The other car of interest is the No. 8 of KV Racing Technology entry that was driven last year by former Formula 1 veteran Rubens Barrichello who decided to pursue his career in stock car back home in Brazil.
As of today, Ganassi Racing has not decided whether to renew the No. 38 car since sponsorship isn't in place.
Same thing applies to Team Penske, which still has to decide whether or not to recommit for the No. 2 Dallara. Team Penske may pay the fees and then try to finalise a sponsorship deal.