The Indianapolis 500 scheduled for May 24 has been postponed until August because of the coronavirus pandemic and won't run on Memorial Day weekend for the first time since 1946.

The Indianapolis 500 will not be run on Memorial Day weekend this year. The race has been rescheduled to Aug. 23 in response to the COVID-19 pandemic.

Instead of the traditional gathering the tens of thousands of runners in downtown Indianapolis, the two events will become virtual races -- where runners complete the race distance remotely and submit their times.

IndyCar President and CEO Mark Miles says he will continue to evaluate the situation daily and discuss with teams and parts suppliers the next best steps. As of now, he says May racing is still on.

Fernando Alonso will again attempt to complete motorsports' Triple Crown with a return to the Indianapolis 500 in May with McLaren.

James Hinchcliffe will return to Andretti Autosport for three races during the 2020 season -- the road course race at Indy, the Indy 500 and at Texas Motor Speedway.

Other changes coming to the Indianapolis 500 this May include new rules for qualifying, a larger prize purse and updates to seating and video screens.

Once the deal is finalized, Penske will become just the fourth owner of the 110-year-old racetrack.

NBC took over the broadcast rights this year from ABC, the network that had aired the race for 54 years.

Pagenaud also won the IndyCar Grand Prix race earlier this month at the Speedway, the second driver to ever win both in the same year.