Two new possible IndyCar teams in 2011

Word is that Gary Peterson is going to go full time next year in the IndyCar Series with a s single car effort in conjunction with Andretti Autosport. Word is that he bought the Vision car that ran second at Kentucky last year and that's what Adam Carroll will be driving next year.

James Sullivan, a Dallas businessman is rumored to be teaming with VPX/Redline vice president TJ Humphreys, Sullivan and newly formed SH Racing have everything but a driver in place to run at next year's Indy 500, with an eye on developing a full-season program by 2012.

"At this point, the check is in the bank," Sullivan said. "We're not waiting on anything other than the very best driver at the best price we can get."

The car will be operated in conjunction with an established, but yet-to-be-named IndyCar team and SH Racing is in talks with at least three drivers, including open-wheel vet Paul Tracy.

Sullivan was negotiating with VPX/Redline for another two-wheel deal, but shifted to IndyCar because the company can't market to anyone under 18. The two sides starting working on the deal before this year's Indy 500 and are committed to racing at the Indy 500 the next three years. If all goes according to plan, the team will race a full IndyCar season in 2012.

"IndyCar has really been a passion of ours for a long time, but we've never been able to make the economics of it work," said Sullivan, the Baylor Bear mascot from 2001-02. "It's a tough sell, it really is, but we found a way to get it done."