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Binford began serving as chief steward during the [[1973 Indianapolis 500]]. His most notable races includes the [[1981 Indianapolis 500]] and the [[1995 Indianapolis 500]]. Binford penalized [[Bobby Unser]] one lap for illegal passes under a caution in 1981. His penalty was overruled by a USAC appeals board 5 months later. In 1995 Binford penalized Jacques Villeneuve early in the race, for a restart violation & later gave a stop-and-go penalty for [[Scott Goodyear]] after Goodyear passed the pace-car on the final restart. The 1995 race was his last one as chief steward before retiring in 1996.
Binford was the inspiration for the name of the brand of tools on the Tool Time show-within-a-show on the [[Tim Allen]] TV series [[Home Improvement]].
He is buried at [[Crown Hill Cemetery]] in [[Indianapolis]].<ref name="Crown Hill Autos">{{cite news |url=http://www.crownhillhf.org/docs/IndianapolisAutoGreatsHandout.pdf|title=Indianapolis Auto greats|publisher=[[Crown Hill Cemetery]]|work=Celebrating Automotive Heritage at Crown Hill Cemetery|date=2011|accessdate=2012-09-10}}</ref>
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