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1998 Indianapolis 500
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The 1998 Indianapolis 500 was held at Indianapolis on Sunday, May 24, 1998. This, the 82nd running, was the first Indianapolis 500 fully sanctioned by the Indy Racing League after the IRL relied on the United States Auto Club to sanction the first two Indy 500's under the IRL banner. e Cheever, Jr., a former Formula One competitor and Indy rookie in 1990, highlighted his racing career with this lone Indianapolis win.

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Encyclopedia
The 1998 Indianapolis 500 was held at Indianapolis on Sunday, May 24, 1998. This, the 82nd running, was the first Indianapolis 500 fully sanctioned by the Indy Racing League after the IRL relied on the United States Auto Club to sanction the first two Indy 500's under the IRL banner.
Recap
Eddie Cheever, Jr., a former Formula One competitor and Indy rookie in 1990, highlighted his racing career with this lone Indianapolis win. Cheever's race started with a turn one, lap one incident with J.J. Yeley. Both drivers continued with no damage to their vehicles. Pre-race favorite Tony Stewart retired on lap 22 with an engine failure. Stewart's team mate Robbie Buhl then retired on lap 44 with a similar failure. Driver Jim Guthrie was injured in a lap 48 accident that also involved Billy Roe, Stan Wattles, Mark Dismore, Roberto Guerrero, and Sam Schmidt. Guthrie suffered a fractured right arm and contusions to his right leg. 1996 Indy 500 winner Buddy Lazier mounted a strong challenge, but could not keep pace with Cheever at the finish. He settled for second, 3.19 seconds behind Cheever. Steve Knapp was the only other driver to finish on the lead lap and would be named the 1998 Indianapolis 500 Rookie of the Year.
Results
| Finish | Start | No | Name | Qual | Rank | C | E | T | Laps | Led | Status | Entrant |
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| 1 | 17 | 51 | Eddie Cheever | 217.334 | 22 | D | O | G | 200 | 76 | Running | Team Cheever |
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| 2 | 11 | 91 | Buddy Lazier (W) | 218.287 | 14 | D | O | G | 200 | 20 | Running | Hemelgarn Racing |
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| 3 | 23 | 55 | Steve Knapp (R) | 216.445 | 31 | G | O | G | 200 | 0 | Running | ISM Racing |
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| 4 | 8 | 6 | Davey Hamilton | 219.748 | 8 | G | O | G | 199 | 3 | Running | Nienhouse Motorsports |
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| 5 | 21 | 52 | Robby Unser (R) | 216.533 | 29 | D | O | G | 198 | 0 | Running | Team Cheever |
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| 6 | 3 | 14 | Kenny Bräck | 220.982 | 3 | D | O | G | 198 | 23 | Running | A.J. Foyt Enterprises |
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| 7 | 16 | 81 | John Paul, Jr. | 217.351 | 21 | D | O | F | 197 | 39 | Running | Pelfrey Racing |
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| 8 | 19 | 17 | Andy Michner (R) | 216.922 | 26 | D | O | G | 197 | 0 | Running | Chitwood Motorsports |
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| 9 | 13 | 44 | J. J. Yeley (R) | 218.045 | 16 | D | O | F | 197 | 0 | Running | Sinden Racing Services |
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| 10 | 18 | 12 | Buzz Calkins | 217.197 | 24 | G | O | G | 195 | 4 | Running | Bradley Motorsports |
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| 11 | 26 | 7 | Jimmy Kite (R) | 219.290 | 9 | D | O | G | 195 | 0 | Running | Team Scandia |
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| 12 | 22 | 18 | Jack Hewitt (R) | 216.450 | 30 | G | O | G | 195 | 0 | Running | PDM Racing |
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| 13 | 27 | 35 | Jeff Ward | 219.086 | 10 | G | O | G | 194 | 0 | Running | ISM Racing |
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| 14 | 14 | 16 | Marco Greco | 217.953 | 17 | G | O | F | 183 | 0 | Engine | Phoenix Racing |
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| 15 | 32 | 10 | Mike Groff | 216.704 | 27 | G | O | F | 183 | 0 | Running | Jonathan Byrd/Cunningham Racing |
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| 16 | 7 | 8 | Scott Sharp | 219.911 | 7 | D | O | G | 181 | 0 | Gearbox | Kelley Racing |
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| 17 | 31 | 77 | | 217.036 | 25 | G | O | G | 172 | 0 | Running | Chastain Motorsports |
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| 18 | 2 | 97 | Greg Ray | 221.125 | 2 | D | O | F | 167 | 18 | Gearbox | Knapp Motorsports |
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| 19 | 30 | 30 | Raul Boesel | 217.303 | 23 | G | I | G | 164 | 0 | Running | McCormack Motorsports |
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| 20 | 28 | 5 | Arie Luyendyk (W) | 218.935 | 11 | G | O | F | 151 | 4 | Gearbox | Treadway Racing |
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| 21 | 15 | 40 | Dr. Jack Miller | 217.800 | 19 | D | I | F | 128 | 0 | Running | Sinden Racing Services |
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| 22 | 9 | 21 | Roberto Guerrero | 218.900 | 12 | D | O | G | 125 | 0 | Running | Pagan Racing |
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| 23 | 1 | 11 | Billy Boat | 223.503 | 1 | D | O | G | 111 | 12 | Drive Line | A.J. Foyt Enterprises |
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| 24 | 10 | 4 | Scott Goodyear | 218.357 | 13 | G | O | G | 100 | 0 | Clutch | Panther Racing |
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| 25 | 25 | 9 | Johnny Unser | 216.316 | 33 | D | O | G | 98 | 0 | Engine | Hemelgarn Racing |
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| 26 | 6 | 99 | Sam Schmidt | 219.981 | 6 | D | O | F | 48 | 0 | Accident | LP Racing |
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| 27 | 12 | 28 | Mark Dismore | 218.096 | 15 | D | O | G | 48 | 0 | Accident | Kelley Racing |
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| 28 | 29 | 19 | Stan Wattles (R) | 217.477 | 20 | R | O | G | 48 | 0 | Accident | Metro Racing |
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| 29 | 20 | 53 | Jim Guthrie | 216.604 | 28 | G | O | G | 48 | 0 | Accident | ISM Racing |
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| 30 | 33 | 33 | Billy Roe | 217.834 | 18 | D | O | G | 48 | 0 | Accident | Team Scandia |
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| 31 | 5 | 3 | Robbie Buhl | 220.236 | 5 | D | O | F | 44 | 0 | Engine | Team Menard |
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| 32 | 24 | 98 | Donnie Beechler (R) | 216.357 | 32 | G | O | F | 34 | 0 | Engine | Cahill Racing |
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| 33 | 4 | 1 | Tony Stewart | 220.386 | 4 | D | O | F | 22 | 1 | Engine | Team Menard |
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(W) - former Indianapolis 500 winner; (R) - Denotes Rookie Candidate
*C Chassis: D=Dallara, G=G-Force, R=Riley & Scott
*E Engine: I=Infiniti, O=Oldsmobile
*T Tire: F=Firestone, G=Goodyear
Failed to qualify: Eliseo Salazar (#15), Claude Bourbonnais (#27), Joe Gosek (#29), Hideshi Matsuda (#54), Scott Harrington (#66), Dan Drinan (#24), Paul Durant (#23T), Lyn St. James (#90)
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