INDYCAR: 7-Eleven scales back, joins Danica; Kanaan "free agent"
Andretti Autosport confirmed today that Tony Kanaan and his $3 million plus per season salary may not be around much longer, and that longtime Kanaan sponsor 7-Eleven is reducing their role with the team to associate sponsorship.
Additionally, 7-Eleven will move from AA's #11 team to Danica Patrick's #7 team in 2011.
John Lopes, senior vice president and chief marketing officer at Andretti Autosport, said today that
...our hope is to have Tony Kanaan and the 11 car as part of our IZOD IndyCar Series lineup again in 2011 and we are currently working very hard to find the necessary sponsorship to make that a reality.
In the meantime and although he remains under contract with Andretti Autosport, we have given Tony and his management the permission to talk with other IndyCar team owners to explore what other alternatives might be available at this time.
The news comes after a contentious season that saw Kanaan, the de facto team leader at Andretti Autosport, and Patrick engage in an on-again-off-again feud which also saw some very aggressive racing between the two drivers. During the Cafes do Brasil 300 at Homestead-Miami Speedway Saturday night, both drivers battled fiercely for the second- and third-place podium spots, with Patrick eventually finishing second and Kanaan third.
It should be noted that Kanaan participates in Kraft Foods' racing and marketing programs, which is a separate deal from the 7-Eleven sponsorship. However, in recent years Kraft's primary sponsorships have been limited to single-event special paint schemes (including this year when Planters peanuts took over primary sponsorship on the #11 car) and there is no indication that Kraft might escalate their Kanaan sponsorship either for Andretti Autosport or for another team.
Kanaan's salary requirements severely limit his options at other teams, particularly if he does not bring additional sponsorship of his own to a new ride. Target Chip Ganassi Racing has been rumored to be expanding to three cars for 2011 and Kanaan nearly had a deal to drive for Ganassi during his last contract negotiations. But while Ganassi is one of the very few owners in IndyCar that could afford Kanaan's salary, he seems more likely at this point to offer a seat to Graham Rahal, who brings full sponsorship from TCB Retail Group as well as lower salary demands.
One possible team that could be in the hunt for Kanaan if he leaves Andretti Autosport might be de Ferran Dragon Racing, who mentioned the possibility of expanding to two cars in 2011 earlier this season. Kanaan's team leadership abilities and setup skills might be an attractive package in a mentoring role for fellow Brazilian Raphael Matos, and the team might have the resources to afford Kanaan's financial desires.
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Either way...
This is crap. First the 7-Eleven down the street calls the cops on my band practice, now this. I have to severely reconsider my viewpoint on the Taquito.
But in all seriousness, why does the company want to ditch the best non-Penske/Ganassi driver in the sport this year for a driver who barely squeezed into the top 10 in points? The logic doesn’t make any sense to me. I don’t see how Danica fits the brand any better than TK, and I know that a lot of us fans of the sport are PISSED right now.
Kanaan deserves far better than he’s been getting at Andretti lately anyway. The Indy qualifying debacle SHOULD NOT HAVE HAPPENED. These battles with Danica SHOULD NOT BE HAPPENING. So on, so forth, and et cetera. Kanaan is, believe it or not, one of the elder statesmen of the sport right now, but he’s nowhere near ready to be put out to pasture.
Andretti used to be my favorite team in the sport, but at this point, I wonder what exactly Michael is doing. They made strides this year, but losing TK threatens to unravel it all.
In all fairness to Michael/Andretti Autosport...
…$3 million/year is a lot to be paying a driver in this economy.
You are validating my inherent mistrust of strangers.
Pop Off Valve - A greasy hot tenderloin of IndyCar goodness!
Certainly, but...
That doesn’t change the fact that they haven’t signed their two best drivers for next year, while securing the contracts of two drivers who are slightly better marketing machines than race car drivers. That’s a problem.
by ChristopherLion on Oct 4, 2010 11:54 PM EDT up reply actions
The associate sponsorship of Danica’s car is not new…it is a continuation of an agreement from last year.
I think AA may be using the loss of 7-11 to reduce TK’s driver retainer…$3 million is way too much to be paying in this economy and they know there are limited rides out there that TK would be interested in. So if they can find another sponsor they will probably try and bring him back at a lower cost unless there is more to this than money.
Dani-boy
Some of us are singing “Dani-boy” over this news.
The last time I looked a contract is a contract, is a contract.
It would be fun to see Sarah Fisher hire him for Dollar General.
Considering that “Brazil” runs the show at Indy
You may see “the man” in a different venue..
No Apex-Brazil car? No Target in Brazil?…
(great pairing Apex-Brazil& Target car)
Can’t imagine that D.P. cares if he goes.
His young son is so much more important,
Good choice for the very cute and deserving baby-
TK’s been my favorite driver for a long time. I know money is an issue, but it’ll be a tough blow if he doesn’t find a ride. It’d be good if, as mentioned, Apex Brazil would step up. Or even brazilian coffee!
Of course, I shoulda seen this coming. I bought a TK shirt this year. Damn my curse! :(
TN Sports fan in Hoosier Country....

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