Helio Castroneves re-signs for 2023 season with Meyer Shank Racing in IndyCar

MADISON, Illinois — There was no chance Meyer Shank Racing would risk four-time Indianapolis 500 winner Helio Castroneves making history with another team.

Curtailing that possibility, the team announced a one-year contract extension Friday that will bring Castroneves back for a 26th full IndyCar season. Castroneves won his fourth Indy 500 in 2021 driving a part-time schedule for MSR as Castroneves was desperately fighting off a forced slide toward retirement.

Michael Shank believed in the popular Brazilian and last year’s Indy win led to a full season at MSR’s expanded two-car organization. Castroneves, 47, is insistent he’s got plenty of gas in his tank.

“I don’t want anyone else to win a fifth Indy 500,” Shank told The Associated Press. “He’s very emotional about this, he’s going down swinging. I think he’d like to do at least one more (full) year and then maybe try just Indy? And then do some other things, too. He wants to stay involved, he wants to use what he’s strong at, and we support him 100%.”

It’s hardly been the breakout season Shank had expected when Castroneves’ program was expanded into a full season and Simon Pagenaud became available at the same time Jack Harvey, the team’s first driver, left for Rahal Letterman Lanigan.

Castroneves is 18th in the standings, has led only one lap all year and finished seventh at Indy; Pagenaud is 12th in the standings and was eighth at Indy, and Shank believes will have a strong close to his first season with MSR.

They race Saturday night at World Wide Technology Raceway Gateway outside St. Louis, where Castroneves has an impressive record. In six career starts spanning both CART and IndyCar, Castroneves has one victory and has never finished lower than ninth. In three