Hunter-Reay signed earlier this year a full-season deal in the 2010 campaign of the IndyCar Series. The driver won the Grand Prix of Long Beach and managed to rank seventh in the series standings. His resume includes a runner-up finish in the season-opening Sao Paulo race, three podiums, six top-fives and 12 top-10 finishes in 17 starts.
"We're thrilled to be able to sign Ryan to a multi-year contract," team owner Michael Andretti was quoted as saying by Auto123.. "He is a driver that has earned the right to have that kind of stability and we feel very fortunate to know that he will be a major piece of our foundation going forward."
On the other hand, Andretti Autosports announced it has decided to let go driver Tony Kanaan, without disclosing the reasons behind the decision. Kanaan has been with the team for the past eight years, winning 14 races and the championship in 2004.
“We felt it was important to give Tony the freedom to review his options outside of Andretti Autosport," Andretti added. "We understand firsthand his value as a driver in this series and we did not want to prevent him from furthering his career in the event we could not arrive at a reasonable solution for him for 2011."