A diver attached a line and the wreck was hauled to the surface, beyond repair with its deck stripped but with an engine and other items which were able to be salvaged and put into another boat quickly made available by Superboat 400-class team NZ Home Loans owner Brett Haeger.
"He phoned me a couple of days after the crash wanting to do anything he could to help," Wayne Carson said.
As for the crews for Saturday's race, an hour-long "jam" starting at 1pm and on a near triangular circuit off Westshore and Ahuriri, some decisions are still to be made as to who will be in the boats.
"Our team is somewhat gun-shy," said Wayne Carson.
The boat will be driven by 22-year-old Max, whose nose was broken in the crash, but 20-year-old Jamie still has a sore left arm, which was initially thought to have been broken.
A decision will be left until race day, and their father said Jamie's seat is almost certain to be taken by sister Shara, 18.
"Shara wants a turn anyway," he said.
As for the home team, Tony Carson, who with his brother won two national drivers championships in the 1990s, is jumping ship to race in classic boat Gull Force. His seat in Red Steel is being taken by team mechanic Quentin Swayne.
Up to 25 boats are expected in the race, Gull Force being among a small number expected to arrive in Napier today.