After Penske decided to return to running a two car team for 1995, Penske attempted to transfer Tracy's contract to Bettenhausen Motorsports, however, Tracy's father discovered a clause in his original contract that it could not be assigned, putting Penske in a bind. Tracy tested for Benetton at Estoril in 1994, setting a faster time than Benetton drivers JJ Lehto and Jos Verstappen had managed for that year's Portuguese Grand Prix, and was only 0.7 sec off of Gerhard Berger's pole time for the same race. Tracy was only offered a restrictive contract with few guarantees, and ultimately decided to stay in North America. Tracy was permitted to sign with Newman/Haas Racing for the 1995 season for $1.5 million, with Penske holding an option after that year, where he won two races (Australia and Milwaukee) and finished 6th in the championship.