Team Penske are expected to announce that they have signed a multi-year contract extension with two-time Indianapolis 500 winner and two-time INDYCAR SERIES champion Josef Newgarden as early as this afternoon.

The Tennessee-native is in the final year of his current contract and speaking on Friday in Detroit, his first race back after suspension, Team Penske President Tim Cindric would not be drawn on when an announcement will be made.

Paddock Eye understands however, that the announcement will come on Saturday afternoon as Team Penske has called a press conference for 2.15PM.

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