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IndyCar star Alex Palou’s contract extended by Chip Ganassi Racing

IndyCar driver Alex Palou, front, who has won the series championship four of the past five seasons, has received a multiyear contract extension from his Chip Ganassi Racing team. (AP File Photo/George Walker IV)
IndyCar driver Alex Palou, front, who has won the series championship four of the past five seasons, has received a multiyear contract extension from his Chip Ganassi Racing team. (AP File Photo/George Walker IV) IndyCar driver Alex Palou, front, who has won the series championship four of the past five seasons, has received a multiyear contract extension from his Chip Ganassi Racing team. (AP File Photo/George Walker IV)

By JENNA FRYER / The Associated Press 4 min read

Since joining Chip Ganassi Racing six seasons ago, Alex Palou has proven to be a generational talent who is quickly working his way through IndyCar’s record books.

For that, the 29-year-old Spanish driver has earned a multiyear contract extension on his current deal that ran through the 2027 season. The extension was finalized after this week’s two-day Indianapolis 500 test held Tuesday and Wednesday. Ganassi never publicly discloses contract terms.

The reward capped a celebratory week for Palou, who drove into Indianapolis Motor Speedway for testing as the reigning Indy 500 champion and saw a larger-than-life banner of himself chugging the traditional winner’s milk. It’s the main banner as you enter the venue, a key placement he’d seen reserved for rival drivers the previous six years.

“I took a picture when I was driving by and sent it to my parents,” Palou said.

Palou has won four IndyCar Series championships the past five years, including the past three. He won eight times last season and has blossomed in the American open-wheel series since joining Ganassi in 2021.