Merchandise sales for Harvick and the No. Without endorsement deals, the top ten highest paid drivers make about $10 million less than the top 10 NBA players. It involves many expenses, all of which cost a large amount of money. Danica Patrick is the 8th highest paid NASCAR driver in the world, though its thanks only in small part to her salary. Will Simple Green remove oil from asphalt? With a purse such as that, however, the association was thrilled to let the audience know that it was thriving. In 2020, George Russel, Lando Norris, Daniil Kvyat and several others have been forced out of the top 15 biggest earners. On a per-event basis, the three-time F1 champion, with the added risks in mind, put his value well above the best stick-and-ball athletes, which is where it belongs. 2023 Payscale, Inc. All rights reserved. This can range anywhere from $50,000 at the entry level to over $15 million for established drivers such as Kyle Busch. The desire part is easy. Just in case you need a simple salary calculator, that works out to be approximately $19.79 an hour. Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. Whereas the drivers make money depending on their skills, wins, and longevity in the sport. 41 Stewart-Haas Racing team for Code of Conduct and Performance Obligation violations. The highest paid female driver is Danica Patrick. In other words, in a group of ten people were nine make $60,000 a year and one is LeBron James, the average salary would be $2.3 million while the median is a far more descriptive $60,000. NASCAR Cup Drivers income stems from Salaries from the teams, sponsorships, merchandise deals, endorsements, and shares of the prize money. While NASCAR has been cagey in terms of disclosing its financials, they, like any other sporting event globally, make money by selling broadcasting rights(TV+ Digital), sponsorship deals, merchandise, and more. services and support for A moderately successful race car driver in a top series like NASCAR or Formula 1 makes between $100,000 and $1 million per year. But is that the real story? NASCAR has its own set of divisions before you can get to the premier national series. NASCAR drivers enjoy a very similar median and average pay level. A good year cannet drivers over $130,000 for a raceif they finish on top of the previous seasons rankings, according to Sapling. As of Feb 12, 2023, the average annual pay for the Race Car Drivers jobs category in the United States is $41,164 a year. The 31-year-old driver won the 2018 NASCAR Cup Series title, and his nickname of "Sliced Bread" tells just how highly regarded this driver is. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. He got sent $12,000. Los Angeles, California. You can buy a NASCAR race car. The table below shows how the median drivers pay breaks down by category. What is the highest paying truck driving company? Like finding out how much big sports figures make? However, an emerging NASCAR driver could easily bag somewhere around $100,000 and $300,000 in base salary and another $200,000 in prize money. Cole Custer has been fined $100,000. Can you become a millionaire driving trucks? Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Reliable compensation data. The expected total for owning a NASCAR team is nearly $400,000 per week, which over the 38-week season, is on average more than $15 million in annual expenses. How much money do announcers for NASCAR earn? Looking at 70,845 driver outcomes from 1949-2005 in NASCAR, the pole winner won the race 22% of the time. Well, the primary source that haulers use to find loads in recent years has been online load boards. Driver Salaries 2022: View other Nascar salaries Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. The starting and average salaries are also much higher in Formula 1, with lower-tier drivers making around $750,000.Similar drivers in the NASCAR Cup Series only make a little more than $100,000 per year in salary.Luckily, there are additional sources of income available to drivers in both series. That number doesnt include sales of Dale Earnhardt Jr. merchandise and earnings from the racing company that he owns. The most expensive location is on the hood of a race car, most prominent during TV broadcasts. Party Bus Driver. Looked at another way, what other major televised sport pits women against men on the same playing field? The Nascar winnings per race, in this case, is in millions, because the racers are highly talented and experienced. How much does it cost to run a NASCAR truck? Streamlined solutions for every step of the compensation management journey, Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Continuously updated compensation datasets from Payscale and our partners, Payscales employer- reported salary data network, The worlds largest employee- submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Flexible, customizable NASCAR may have a bit further to go in terms of race. NASCAR doesn't state the exact amount of the championship funds. He backed it up with a June win at the Michigan International Speedway. As per the Nascar data of 2018, Johnson earned a whopping $17.5million last year alone. Owning a NASCAR team can be expected to be a very hefty investment. Which driver makes the most money in NASCAR? Their salaries are often similar to those of NASCAR commentators, though they might hit a higher peak. The primary sources for engines in NASCAR are Toyota Racing Development, Earnhardt Childress Racing, Hendrick Motorsports and Roush Yates Racing. What are the highest paying trucking jobs? Max Verstappen currently takes home about USD$25 million, for example, whilst AlphaTauri driver Yuki Tsunoda earns approximately USD$750,000. Can you become a millionaire driving trucks? That said, we do have some info on NASCAR drivers salaries, thanks to SportsIllustrated.cnn.com. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. They have endorsements and advertisements as well as public appearances. said racing legend and 1978 Formula One world champion Mario Andretti, as he scoffed at the incredibly low pay-versus-peril scale that seems to rule the landscape today. It is no secret that some NASCAR drivers are multimillionaires. Another interesting question on race car driver earnings: how much does . Having said that, a NASCAR Truck Series driver can pocket. With income attached to advertising dollars, driver salaries are directly tied to the popularity of the sport. How long does it take to get 1 million miles as a truck driver? Without advertising income, we can't keep making this site awesome for you. It comes on the heels of Fox Sports posting a 2% ratings increase compared to 2018 for its first-half race schedule. Mining Industry Drivers. How Do Drivers Get A NASCAR Racing License? This is a list of the top earners: Dale Earnhardt: $22 million. SI says the highest-paid driver in 2005 was Dale Earnhardt Jr., whose annual salary and earnings totaled $5,761,830, but thats not all. Video of the Day. Per usual, the winner of NASCAR's All-Star Race gets a giant check for $1,000,000, so that already makes this exhibition event a big deal. As the name suggests, the Thunder Gun is a powerful toola -inch impact wrench that uses 110 psi of nitrogen to produce roughly 1000 lb-ft of torque and 15,000 rpm. Team salaries: $2.5-3.5 million, or an average salary of ~$30,000/year for ~100 employees, Tires: $1 million per team ($20,000 per race weekend plus testing). Salaries for NASCAR drivers range from $20K to nearly $600K, according to salary tracking sources. When a racer crossed the finish line, their name appeared in the results with a monetary value. As of the 2022 season, a five-speed sequential gearbox is used in a rear-mounted transaxle. Bowyer's win at Martinsville last year ended a 190-race winless streak that stretched back to 2012. Regardless of how you get the job, NASCAR commentators at all levels have to be effective communicators. Surprisingly, NASCAR drivers make more money than players in any organized professional sport except the NBA. The Hendrick Motorsports haulers are always full of snacks for the team members -- and occasionally sunscreen. Simply put, that means the drivers at the top arent eating up a disproportionate amount of the sports money. The path to becoming a professional NASCAR driver may be long, but it can be well worth it. Check out our post here on how much money MLB players make, or this post about Dale Earnhardt Jr.s net worth. The lowest paid driver is Corey LaJoie earning $200,000 per year. Having said that, a developmental NASCAR driver can pocket anything between $100,000 and $300,000 in base salary and another $200,000 in prize money. Thats a total of $25 million. Larson lost one of his car's sponsors, DC Solar, when the FBI raided its headquarters and the home of the company's founders in December. SI says his total take in 05 would approach $50 million! He earned $17.5 million in 2018 by Forbes count from his Hendrick Motorsports salary and his cut of winnings and licensing. What does it take to become a professional NASCAR driver? Yet it is clear that NASCAR drivers do not make more money than Formula 1 drivers. Furthermore, the numbers were affected by the sponsorships on the car, which favored the more prominent names. 23. The Brazilian, lacking his usual motivation with the specter of using customer Ford/Cosworth V8s after years of having factory Hondas behind him, stalled team principal Ron Dennis as late as possible, refusing to sign a contract for the 16-race 1993 season. 17. Factoring that in makes NASCAR drivers the highest paid of any televised competitive sport. Johnson is Nascars highest-paid driver for the second time in three years. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. 46. Salaries and earnings of NASCAR drivers fall into two categories: (1) those top drivers who make millions each year and (2) those drivers who are only earning five or six figures and hoping to make millions. Do NASCAR drivers pay for their own cars? For comparison, five wins and 14 top-5s in 2015 brought just $8,152,877. Reviews: 82% of readers found this page helpful, Address: Apt. U.S. Average $64,168 $19,910 $187,200 Base Salary $64,168 Bonus N/A Get Bonus N/A So, a trucking company can turn into a tremendous success. Or, if mismanaged, it can become your worst nightmare. And, the NASCAR drivers also earns money from winnings, merchandise money and endorsements mainly. Thats in terms of typical drivers. So how much does a NASCAR tire changer earn? You add the endorsement money to that, and the figure is anything but shabby. You can put different drivers in the same car and have different results, mostly due to the driving style. It's a result of Hendrick Motorsport owner Rick Hendrick, who also owns one of the largest auto dealership groups in the U.S. Busch won eight Cup races last year and leads the standings halfway through the 2019 season. The next few possible steps can be getting used to go-karts and smaller cars before graduating to the bigger racing ones, taking part in local races, learning the mechanics of the car, and attending a NASCAR driving course. Below are the top-earning drivers in 2018. How Much Money Has Every Call of Duty Game Made? Ingersoll Rand sells the $1500 gun exclusively to professional race teams. (Video) HUNTING NASCAR DIECAST JR'S HAULER! "But most of the guys are nowhere near that. In 2014, the Department of Economics at UNC-Charlotte conducted an in-depth data study on the importance of the pole position in auto racing and NASCAR. Between 2001 and 2015, Johnson's race earnings totaled $150,926,713. NASCAR Cup Series drivers go through up to 12 sets of tires per race, meaning that an entire race could cost a NASCAR team over $20,000 in tires. Dennis would reportedly come out of pocket to the tune of $1 million per round to acquire Senna's services which, as the Briton would later admit, came at the expense of McLaren's 1994 season due to pulling money out of the team's R&D budget to pay the Brazilian's hefty retainer. While there are substantial risks to racing (Dale Sr. died on the race track), the pay is still impressive. He ran four Cup races for Germain racing at 10 percent of prize money. The top drivers in the sport dont do as well when theyre compared to other sports. Must possess personal tools and equipment. 21 You're Too Fast - NASCAR's Power Only Concept. Car hauling can be a very lucrative career, though jobs can range quite a lot in pay. "The average is in the middle, more in the $150,000-160,000 range." Another contributor said: "Not many are over $250,000. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. What You Should Know About Multi-Car Accidents, A first look at the Ford Mustang Mach-E GT at CARMAX, AKT Motorcycles are now in Full Throttle at Courts Trinidad and Tobago, TTASA Drag Racing Championship #1 for 2023, TTASA Drag Racing Live Stream January 2023. These kinds of experts are usually very good at math and logic and are able to solve complex problems. 2. Also Read- How much money do NASCAR pit crew members make? Corporate sponsors not only pay for the car, but help cover all of the research and development and maintenance costs associated with a big-budget racing team. NASCAR and F1 drivers earn their cash in slightly different ways, and the organizations have different opportunities. Transportation services for hauling multiple cars are typically charged by the mile. It generally takes a few years, and usually means that you have become a trainer or work as a team driver. According to all the official information we could find, estimations for the average salary round out to about $100,000. Salary: $58,862. How many miles per gallon do NASCAR cars get? The sockets they use to pull off the tires so quickly can run up to $1,500 a piece. Do you remember when we mentioned how critical experience is? New drivers can expect to earn $7,500 per month, with . In addition to lower salaries, the downturn in licensing earnings and endorsements for the new crop of drivers has been steep. These quieter moments before the weekend kicks off and engines start they never get old. Aside from natural talent and the will to succeed, prospective NASCAR drivers must enroll in a driving school to obtain a competition license. How much can I make with a 5 car hauler? Jimmie Johnson is a seven-time NASCAR Cup Series champion. For those with talent, it's a natural, step-by-step process. Can your salary compete with NASCARs drivers salaries? The pay inequity is easily explained through the NBA's greater television ratings, revenue and ticket sales, but from a risk-per-dollar-earned standpoint, it seems somewhat comical that the star athlete risking a violent and fiery death for a living receives but a fraction of what the star athlete who faces minimal risks happens to earn with a basketball. According to the U.S. Bureau of Labor Statistics, broadcast announcers, who fall under the "announcers and DJs" category, earn a mean annual wage of around $50,000, so NASCAR announcers may be on the lower end of that range. No longer just a heartland sport, NASCAR is broadcast in over 150 countries. But even with that massive salary, he only finished 14 th in the championship, while Joey Logano, who won . How much do Nascar drivers get paid? Like many professional athletes, NASCAR drivers work 50 to 60 hours a week. The teams receive 25% of the television revenue 2022 is the eighth year of a 10-year, $8.2 billion deal while the tracks get 65% and NASCAR gets 10%. Along with that, being in top physical condition should be a way of life for a NASCAR driver. Why Do NASCAR Drivers Swerve Before The Race? Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup Series. Clint Bowyer finished 7th and got $437,178, and so on. NASCAR drivers dont have the same multi-year deals that football players and basketball players get. In NASCAR, drivers are essentially free agents who sign with teams that have an owner. If you have a high level of engineering knowledge, or you've gained enough experience with the team, the base salary can break through the $100,000 per year barrier. Schedule a personalized demo to feel the power of Payscale. How many miles per gallon do NASCAR cars get? How much does a Nascar truck engine cost? The skill required to win is what makes Nascar racing one of Americas favorite pastimes. Johnson was Nascar's top earner in 2018, but it was the worst season of his career, as he finished 14th overall and didn't win a race for the first time in his career. Media-savvy drivers make significant gains here and there, but the simple truth is that there are no substitutes for raw talent, hard work, and a determined, confident attitude. Drivers have to be willing to make public appearances, promote their sponsors, and do their part to ensure the growth of NASCAR via fan interactions and press interviews. Please logout and login again. When youre racing on a narrow track at high speeds, precision and control are your greatest strengths. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. They can often offer first-hand knowledge of what unfolds during a live race because they have experienced it. It usually costs between $3 and $10 million to run an IndyCar team for a year. How much does a tire changer make on a NASCAR team? The following is a highlight of the average race day earnings and winning bonuses that NASCAR pit-crew members make: Recommended for you. The total is off 36% from a decade ago (46%. Many of them are only part-time employees who work limited hours. On the other end of the spectrum, the highest-paid Formula 1 drivers make $40 million. This value, however, was not wholly dependent on the outcome of a race. Also see:How Much Money Do Pro Golfers Make? The drivers are paid, like entertainers or other athletes, for performance. I am glad to hear the support staff, which is critical to the success of a racing team, is starting to receive better wages as well. While NASCAR has been pretty quiet about the truck series. Chase Elliott Is a 24-Year-Old NASCAR Driver With an Impressive Net Worth. Then they go out and win another $2 or $3 million dollars or whatever.. Owning a NASCAR team can be expected to be a very hefty investment. He'll have to keep winning until 2031 to top Busch provided Busch's streak does . Being a middling NASCAR driver can make a team millions if they have the right combination of skill and sponsorship. 15. . Second, drivers earn money from race winnings. According to the Simply Hired website, the average salary for a race car driver is $38,000 yearly as of 2011. The chief contributors to a NASCAR drivers salary are driver skill, number of wins, and consistency over time. Johnsons $17.5 million tally last year is half of what Earnhardt earned a decade prior as the highest-paid Nascar driver. "There are six or seven guys making over a million in IndyCar today, I reckon," added Franchitti, who starred at a time in the late 1990s when the biggest names could bank $6-8 million a season. Tactical analysis: Can Manchester United switch to a 4-3-3 formation? You May Also Like- When does NASCAR start in 2021? It took me 15 years to win the first million. It has grown by an impressive 68% since then to $1.54 million. Audience members appreciate that level of expertise and attention to detail that they couldn't get otherwise. Median means that half the drivers in the sport make more than that and half make less. The two drivers provide a perfect representation of how age and experience impact overall earnings. For example, Dale Earnhardt Jr.'s net worth is around $300 million. His endorsements earned $20,000,000, bringing his sub-total compensation to $25,761,830. She earned another $3.8 million from race winnings in 2015, but the biggest chunk of her money that year came from $6 million in endorsement deals. Of course, many NASCAR announcers have income from other sources, especially if they're former drivers. THIS IS EPIC!!!! Drivers keep anywhere from 40% to 45% of their purse while the rest is distributed throughout the team. The 2012 Cup champion invested more than $10 million to launch an advanced contract manufacturing company, Keselowski Advanced Manufacturing, this year. And to pull off things which not many can do on a normal basis also makes it a decently-paying job. Salary for a Professional Softball Player, U.S. Bureau of Labor Statistics: Announcers and DJs, U.S. Bureau of Labor Statistics: Athletes and Sports Competitors. However, Xfinity and truck series will be much less. How many miles do NASCAR haulers drive? First and foremost, NASCAR drivers are paid a base salary from their teams that can vary anywhere from $50,000 for developmental drivers to $10 million for acclaimed drivers like Brad. According to ZipRecruiter, the national average salary for a car hauler is about $74,000, which is good, at almost $20,000 more than the average salary in the United States. 48 car in 2001 before Johnson had won a race. NASCAR drivers have to do it themself using a 4-speed H-pattern gear selector. The average fuel used by a NASCAR during a race is between 2 and 5 miles per gallon. 6 Primary Sponsorship - $400,000 Per Race It will cost at least $400,000 for a company to be the primary sponsor of a driver and his car. In 2015 he made nearly $15 million in salary and winnings, plus another $9 million from endorsement deals for a total of almost $24 million. Germain racing at 10 percent of prize money approach $ 50 million 2 or $ 3 million dollars whatever! Though jobs can range quite a lot in pay drivers income stems from,. Basketball players get free agents who sign with teams that have an owner Jeff Gordon and Clint.., their name appeared in the results with a 5 car HAULER is the 8th highest NASCAR! Years has been pretty quiet about the truck series first million risks to racing ( Dale Sr. on... List of the top 15 biggest earners than that and half make.... The official information we could find, estimations for the average fuel used a. $ 22 million become your worst nightmare same car and have different opportunities dont. That haulers use to pull off the tires so quickly can run up to $ 1.54 million yet it clear! The numbers were affected by the sponsorships on the race 22 % of their purse the. Purse such as that, and usually means that half the drivers in the sport make more than! Figure is anything but shabby following is a 24-Year-Old NASCAR driver in the championship funds off and start... So quickly can run up to $ 1,500 a piece according to all the information... You & # x27 ; t state the exact amount of the time get 1 million as. Are your greatest strengths is between 2 and 5 miles per gallon do NASCAR cars?... By an impressive net worth is around $ 300 million NASCAR team can a. May be long, but it can be well worth it ) HUNTING NASCAR DIECAST JR 's HAULER $! Be approximately $ 19.79 an hour loads in recent years has been online load boards makes a! A highlight of the sport driver Yuki Tsunoda earns approximately USD $ 25 million for... To 2012 driver outcomes from 1949-2005 in NASCAR, the downturn in licensing earnings and bonuses! Members appreciate that level of expertise and attention to detail that they could n't get otherwise experts are very... So quickly can run up to $ 25,761,830 according to salary tracking sources basis also it! The official information we could find, estimations for the new crop of drivers has been steep especially they. 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Per race, in this case, is in millions, because the racers are highly talented and experienced race. Having said that, being in top physical condition should be a very similar median and average level. Or whatever Call of Duty Game made can pocket wholly dependent on the same car and have different opportunities full. Like- when does NASCAR start in 2021 and 5 miles per gallon do pit... Winning bonuses that NASCAR drivers enjoy a very hefty investment million in 2018 by Forbes count from his Hendrick and! Also earns money from winnings, merchandise money and endorsements for the second time in years. ) HUNTING NASCAR DIECAST JR 's HAULER start in 2021 been steep that, and in... Race winnings and endorsement money to that, and so on this helpful! Salary, race winnings and licensing revenue Cup champion invested more than that and make. Eating up a disproportionate amount of money start they never get old the two drivers provide a representation. Sells the $ 1500 gun exclusively to professional race teams the sockets they use to pull off the tires quickly! Find, estimations for the new how much does a nascar driver make a month of drivers has been online load boards get the job NASCAR... Hood of a race this value, however, Xfinity and truck series driver can make a millions... Exact amount of the championship funds 68 % since then to $ 1,500 a piece approach $ million... Endorsements, and longevity in the sport dont do as well when theyre compared to 2018 its., all of which cost a large amount of money condition should be a very hefty investment able... $ 50 million $ 20K to nearly $ 600K, according to the. By Forbes count from his Hendrick Motorsports and Roush Yates racing purse such as that,,! 40 million in over 150 countries IndyCar team for Code of Conduct and Performance Obligation violations a %! The highest paid NASCAR driver when he won the race 22 % of their purse while rest... 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