Ryan Hunter-Reay celebrates in victory lane after winning the Indianapolis 500. (Photo: Getty Images)

Ryan Hunter-Reay celebrates in victory lane after winning the Indianapolis 500. (Photo: Getty Images)

4:00 p.m. ET – Thank you for joining us for the 2014 Indianapolis 500. Congratulations once again to Ryan Hunter-Reay and his Andretti Autosport crew on winning the “Greatest Spectacle in Racing.”

3:40 p.m. ET – For the 2012 Series champion and newly-crowned winner, it’s time to celebrate.

Ryan Hunter-Reay lifts the American flag in celebration after winning the Indianapolis 500. (Photo: Getty Images)

Ryan Hunter-Reay lifts the American flag in celebration after winning the Indianapolis 500. (Photo: Getty Images)

Ryan Hunter-Reay celebrates with his son Ryden after winning the 98th running of the Indianapolis 500. (Photo: Getty Images)

Ryan Hunter-Reay celebrates with his son Ryden after winning the 98th running of the Indianapolis 500. (Photo: Getty Images)

3:25 p.m. ET – After an impressive sixth-place effort in his first-ever IndyCar race, Kurt Busch is off to Charlotte Motor Speedway to compete in the Coca-Cola 600 (Live on FOX at 6:00 p.m. ET).

 

 

3:16 p.m. ET – Ryan Hunter-Reay wins the 98th running of the Indianapolis 500! Helio Castroneves finishes second, Marco Andretti third. Kurt Busch completes the first half of the double in sixth.

Ryan Hunter-Reay beats Helio Castroneves to the checkered flag to win the Indianapolis 500. (Photo: Getty Images)

Ryan Hunter-Reay beats Helio Castroneves to the checkered flag to win the Indianapolis 500. (Photo: Getty Images)

3:15 p.m. ET – Helio Castroneves and Ryan Hunter-Reay cross the line side-by-side. Who will win it?

3:10 p.m. ET – This is it! Six-lap shootout for all the glory. Ryan Hunter-Reay leads the field back to green. Helio Castroneves, Marco Andretti, Carlos Munoz, Juan Pablo Montoya and Kurt Busch are your top six.

3:05 p.m. ET — Twitter is buzzing under this red flag. Fans and drivers alike are on the edge of their seat as pressure builds.

 

 

 

 

2:55 p.m. ET — RED FLAG – Townsend Bell crashes on exit of Turn 2 after his car snaps loose, much like Dixon’s did earlier. Driver OK but his car is destroyed. IndyCar officials have elected to red flag the race as they clean up the debris from Bell’s crash and fix the SAFER barrier.

2:53 p.m. ET – 11 laps to go in the 98th running of the Indianapolis 500. Ryan Hunter-Reay and Helio Castroneves swapping the lead as the race winds down. If either driver makes a mistake, Marco Andretti is ready to pounce in third.

2:49 p.m. ET – Let’s try this again. Restart with 20 laps to go – Ryan Hunter-Reay leads from Townsend Bell, Helio Castroneves, Marco Andretti, Takuma Sato, Carlos Munoz and Kurt Busch.

2:40 p.m. ET – Restart with 25 to go. Ryan Hunter-Reay leads into Turn 1 as they crash behind him! James Hinchcliffe and Ed Carpenter slam into the outside wall after making contact. Both drivers are OK but their races are done.

James Hinchcliffe and Ed Carpenter crash into the first turn wall following a restart. (Photo: LAT Photographic)

James Hinchcliffe and Ed Carpenter crash into the first turn wall following a restart. (Photo: LAT Photographic)

2:35 p.m. ET – While slowing for the caution, Martin Plowman ran into the back of Josef Newgarden causing heavy damage to Newgarden’s and forcing him out of the race. Meanwhile, Plowman pits for repairs but is two laps down in 26th.

2:30 p.m. ET – Huge crash for three-time IndyCar Series champion Scott Dixon. The car snapped loose in Turn 4 sending Dixon hard into the outside wall. Driver OK but his race is done.

2:23 p.m.  ET – In his first career IndyCar start, Kurt Busch is running ninth with 39 laps to go. The team continues to add more downforce to make Busch feel more comfortable in the car. We could see the #DoubleOutlaw fighting for an Indy 500 win before this is all over.

2:15 p.m. – Ed Carpenter stayed out under the caution and will lead the field back to green with 43 laps to go. Ryan Hunter-Reay, Marco Andretti, Scott Dixon and Helio Castroneves run in the top five.

2:09 p.m. ET — CAUTION at Lap 150! Charlie Kimball spins on exit of Turn 2 and makes contact with the wall. Light damage to the car. This comes as a huge break for Juan Pablo Montoya and Will Power, who will now get back on the lead lap.

2:00 p.m. ET — Bad news if your a Penske Racing fan. Juan Pablo Montoya and teammate Will Power have been issued pass through penalties for speeding on pit road, dropping them to 14th and 18th, respectively. Both drivers are now a lap down. Unless there’s a caution, Helio Castroneves will have to carry the banner for Penske.

1:55 p.m. ET – You want star power? Indianapolis Motor Speedway has it. Ice T and wife Coco are hanging out with the Andretti family.

1:48 p.m. ET – The Indianapolis 500 has never went green from start to finish. We could see it today as we’re green so far working Lap 120 of 200.

1:40 p.m. ET – Graham Rahal, driver of the No. 15 National Guard car for RLL Racing, was forced to retire earlier in the race due to electrical issues. Graham, the son of 1986 Indy 500 champion Bobby Rahal, hasn’t found the same success at Indy as his father did.

 

  1:33 p.m. ET — HALFWAY – Ryan Hunter-Reay takes over the lead to become the third Andretti Autosport to lead the race. Helio Castroneves runs second but feels confident, citing that his car is strong in traffic. One thing to watch as the race continues is fuel strategy. 2000 Indy 500 champion Juan Pablo Montoya appears to be doing the best on fuel and may only need to stop two more times while the leaders will likely have to stop three more times.

1:25 p.m. ET – Three-time Indy 500 champion Helio Castroneves has controlled the race since the last round of stops. He leads from Ed Carpenter, Ryan Hunter-Reay, Marco Andretti and Scott Dixon as we work Lap 85. Expect the leaders to pit in about 12-15 laps.

 

Helio Castroneves leads the Indy 500 as we approach the halfway mark. (Photo: Getty Images)

Helio Castroneves leads the Indy 500 as we approach the halfway mark. (Photo: Getty Images)

1:10 p.m. ET – Disaster for defending race winner Tony Kanaan. Team is working on an issue in the rear-end of the No. 10 Chip Ganassi Racing entry. Any shot at repeating last year’s triumph has been wiped away for Kanaan.

1:00 p.m. ET – 31 cars still on the lead lap as race reaches quarter-distance with Will Power leading the field. 19-year-old Sage Karam, who missed his prom in order to prepare for the race, has moved up to 18th after starting 31st.

12:45 p.m. ET – First round of pit stops underway at Lap 30, which is a normal fuel run here at Indianapolis Motor Speedway. Hinchcliffe’s Andretti Autosport crew pulled off a stellar pit stop to put their driver back in the lead. Carpenter runs in second ahead of Will Power, Helio Castroneves and JR Hildebrand.

12:35 p.m. ET – James Hinchcliffe, who suffered a concussion two weeks ago after being hit by debris in the Grand Prix of Indy, led the first nine laps before losing the lead to pole-sitter Ed Carpenter. Kurt Busch dropped back to 15th at the start as he adjusts to his back-up car.

Hometown favorite Ed Carpenter lost the lead on the start but is back in charge at Lap 10. (Photo: Getty Images)

Hometown favorite Ed Carpenter lost the lead on the start but is back in charge at Lap 10. (Photo: Getty Images)

12:25 p.m. ET – Green, green, green! We are racing at Indianapolis Motor Speedway!

Dallas Mavericks owner Mark Cuban waves the green flag to start the 2014 Indy 500. (Photo: Getty Images)

Dallas Mavericks owner Mark Cuban waves the green flag to start the 2014 Indy 500. (Photo: Getty Images)

Click here for live timing & scoring.

12:20 p.m. ET – Engines are fired!

12:18 p.m. ET – Kurt Busch will become the first driver in a decade to attempt the double. He starts 12th in the Indy 500 and will fly back to Charlotte, N.C. after the race to compete in the Coca-Cola 600.

 

 

  12:15 p.m. ET – Jim Nabors sings “Back Home Again in Indiana” for one final time. Goosebumps.

 

 

12:10 p.m. ET – Fly over. No words needed.

(Photo: Tom Jensen)

(Photo: Tom Jensen)

12:05 p.m. ET – “Attention, attention on the grid. Drivers to your cars!” The 98th running of the Indianapolis 500 is just moments away.

11:58 a.m. ET – Will we see one of the Target Chip Ganassi Racing drivers in victory lane after 500 miles?

Tony Kanaan of Brazil, driver of the #10 Target Chip Ganassi Racing Chevrolet Dallara, walks with his wife Lauren Kanaan (left), and Scott Dixon of New Zealand, driver of the #9 Target Chip Ganassi Racing Chevrolet Dallara, with his wife Emma Dixon prior to the 98th running of the Indianapolis 500. (Photo: Getty Images)

Tony Kanaan of Brazil, driver of the #10 Target Chip Ganassi Racing Chevrolet Dallara, walks with his wife Lauren Kanaan (left), and Scott Dixon of New Zealand, driver of the #9 Target Chip Ganassi Racing Chevrolet Dallara, with his wife Emma Dixon prior to the 98th running of the Indianapolis 500. (Photo: Getty Images)

11:50 a.m. ET – Last year’s Indy 500 saw a record-shattering 68 lead changes and unbelievable battles all throughout the race. Take a look back at the highlights before we go green today: 11:41 a.m. ET – Driver introductions are underway.

11:40 a.m. ET – We have a new leader for “cutest photo of the day.” Here is Ryan Hunter-Reay with his baby Ryden.

11:35 a.m. ET – But first… let me take a selfie! Pre-race festivities are always a good time for the fans and drivers alike.

11:15 a.m. ET – Oriol Servia, who will start 18th for RLL Racing, is hanging with Mark Cuban during pre-race festivities. And yes, Cuban is sporting a Hoosier jersey.

11:00 a.m. ET – IndyCar crews have worked tirelessly throughout the month of May and it’s nearly time them to hand over the car to the driver, but not before they make final adjustments.

Kurt Busch's pit crew works on practice stops. (Photo: Tom Jensen)

Kurt Busch’s pit crew works on practice stops. (Photo: Tom Jensen)

The Andretti Autosport crew looks over Marco Andretti's car. (Photo: Tom Jensen)

The Andretti Autosport crew looks over Marco Andretti’s car. (Photo: Tom Jensen)

 

 

10:45 a.m. ET – Here is a look at the starting lineup for today’s race:

(Photo: IndyCar.com)

(Photo: IndyCar.com)

PHOTO GALLERY: Click here to see the full 33-car field.

Start Time: Mari Hulman George, matriarch of the family that owns Indianapolis Motor Speedway, will give the command for drivers to start their engines at 12:11 p.m. ET. The green flag will be waved 12:17 p.m.  ET by Dallas Mavericks owner Mark Cuban.

Race Distance: The 33-car field will race 200 laps around the 2.5-mile track equaling 500 miles. There is no overtime (or green-white-checkered as it’s known in NASCAR).

Weather: It is expected to be in the high-70s at the start of the race and could range to the low-80s by race end. There is 0% chance of rain.

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