Party time in South Beach

As we speak, the Indy Racing League is celebrating the end of another season on Miami’s South Beach, with IZOD IndyCar Series champion Dario Franchitti and Firestone Indy Lights champion J.K. Vernay as, presumably, the guests of honor. The IndyCar.com gang is keeping track of the proceedings and you can also check out pics from the banquet on IndyCar’s twitter account.

The League also put out a statement detailing the awards being doled out and the people that are getting them tonight. Here’s the list of honorees:

IZOD IndyCar Series
Championship driver: Dario Franchitti
Herff Jones Championship Driver Award (ring valued at $5,000): Dario Franchitti
Ritmo Mundo Championship Driver Award (diamond watch valued at $100,000): Dario Franchitti
Championship team: Target Chip Ganassi Racing
Championship team sponsor: Target                               
Championship team managers: Scott Harner and Barry Wanser
Chief Mechanic of the Year Award: Kevin O’Donnell, Target Chip Ganassi Racing
Rookie of the Year Award ($25,000): Alex Lloyd, Dale Coyne Racing
Second place championship driver: Will Power
Second place championship team: Verizon Team Penske
Third place championship driver: Scott Dixon
Third place championship team: Target Chip Ganassi Racing
Tony Renna Rising Star Award: Simona de Silvestro, HVM Racing
BOSCH Platinum Award ($10,000 for highest-finishing driver using Bosch spark plugs): Dario Franchitti
Raybestos Road & Street Course Challenge ($25,000 cash or product): Will Power
Xtrac Championship Award ($5,000 for driver who won most Xtrac Awards during 2010): Dan Wheldon, Panther Racing
Manufacturer Recognition Awards: Honda, Firestone, Dallara, and Xtrac

Firestone Indy Lights
Championship driver (mini Firehawk Cup): J.K. Vernay
Herff Jones Championship Driver Award (ring valued at $4,000): J.K. Vernay
Ritmo Mundo Championship Driver Award (watch valued at $25,000): J.K. Vernay
Championship team (mini Firehawk Cup): Sam Schmidt Motorsports
Mo’sGold Chief Mechanic of the Year: Dave Higuera, Sam Schmidt Motorsports
Second place championship driver: James Hinchcliffe
Second place championship team: Team Moore Racing
Third place championship driver: Martin Plowman
Third place championship team: AFS Racing Inc./Andretti Autosport
Firestone Painting Award: J.K. Vernay
Force for Earth Hard Charger ($5,000): Rodrigo Barbosa, PDM Racing
Firestone Indy Lights Rookie of the Year ($10,000): J.K. Vernay
Greg Moore Legacy Award: James Hinchcliffe
Gregory & Appel “Securing Tomorrow” Award ($5,000): J.K. Vernay
Lucas Oil Frequent Polesitter Award ($5,000): James Hinchcliffe
Raybestos Road & Street Course Challenge (10,000): J.K. Vernay
Sunoco Most Improved Driver ($10,000): Adrian Campos Jr., Team Moore Racing