The higher a driver places in each race, the more money they get to take home. What is the Most Expensive Fish You Can Eat? Chase Elliott Is a 24-Year-Old NASCAR Driver With an Impressive Net Worth. Through all these revenue sources, even the most inexperienced drivers with salaries of around $50,000 have many opportunities to increase their incomes. 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. In 2014, NASCARs Vice President, Jim Cassidy, talked about the finances. via motorpoint. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. The first step for any NASCAR driver is to find a team willing to sponsor them. How many miles per gallon do NASCAR cars get? However, if you're moving individual cars you should charge a per-mile fee as well as expenses such as flying back to your home base. Like finding out how much big sports figures make? But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. Figures for salary, endorsements and merchandise earnings are gleaned from media reports and estimates, adjusted by known numbers from stars like Dale Earnhardt Jr. Endorsement pay aside, NASCAR drivers do quite well compared to other sports stars. Copyright 2023 Endgame360 Inc. All Rights Reserved. From 2006 to 2015, the race earnings revenue dropped by about 50%. So, even though F1 driver Lewis Hamilton may pull down over double the money of Kyle Busch, NASCARs highest earner in 2022 with an estimated $16.9 million, there are more chances to earn good money in NASCAR. How Much Of The Prize Money Do NASCAR Drivers Get? Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup. For instance, Kevin Harvick finished second in the Daytona 500 in 2015, giving him $1,157,195 in prize money for the event. An April 2007 "Dr. Salary" report for Payscale states that top NASCAR team salaries total between two million and three million dollars annually with a driver earning roughly $30,000 per year. This license allows drivers to enter into as many races as they please, building a reputation as their experience grows. And you dont have to win at the Cup level to draw big bucks; Casey Mears and Brian Vickers, were in high demand (sans a Cup win) when their contracts expired. Lucrative names like Dale Earnhardt need to win to make their money, but its more about the ensuing sponsorships than an incentive program within the racing world. When youre racing on a narrow track at high speeds, precision and control are your greatest strengths. How much horsepower does a NASCAR Truck Series truck have? A hauler holds two race cars, a tool box and extra car parts. In the 1964 Grand National Series, now known as the Sprint Cup Series, drivers competed in 62 races that, oddly enough, ran from November 10, 1963 to November 8, 1964. Johnson is Nascars highest-paid driver for the second time in three years. Car & Driver reports tire specialists earn $50,000 to $60,000 a year, and crew chiefs can earn annual salaries anywhere . NASCAR drivers get paid a yearly salary by their teams and also typically receive bonuses for winning or placing high in races.Typically, the more money a team receives for sponsoring a certain car, the more money the driver of that car will be paid in salary. For example, Jimmie Johnson took in around $17.5 million in 2018, with that number being made up of winnings and his salary, alongwith various endorsements. As per Radiotimes.com, seven-time Formula 1 world champion Lewis Hamilton is the second-highest paid F1 driver who earns approximately $40 million per annum. 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. Driver Salaries 2022: View other Nascar salaries Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. Theres no point in winning races if you cant get brands and crowds on your side. He'll have to keep winning until 2031 to top Busch provided Busch's streak does . The higher end of the salary range is made up of established, well-known drivers that are constantly in the spotlight when it comes to NASCAR. Unlike NFL salaries, however, NASCAR drivers salaries are closely-guarded secrets. The top ten 2021 drivers earnt on average 10.4 million dollars. Salary range: $39,000-$52,500 per year. The primary car is the car that the team feels will be the fastest on race day. NASCAR drivers don't have deals similar to that of a footballer or a basketball player, so they have to rely predominantly on winning races and making themselves marketable. This is the equivalent of $791/week or $3,430/month. Median means that half the drivers in the sport make more than that and half make less. If you have a high level of engineering knowledge, or you've . The 2015 Cup champion won his 200th race this year combined across Nascar's top three race series. It involves many expenses, all of which cost a large amount of money. Looking at the highest paid driver, Dale Earnhardt Jr. rules the field with $23.6 million in total earnings for 2015. 31. 3. During that time, they participate in practice and qualifying, attend team meetings, and make appearances with fans and sponsors. 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. Sports Cars That Make Great Daily Drivers in 2023, The Stars of "The Fast & The Furious", Then & Now, Peek Inside the Coolest Sci-Fi Movie Cars, What It's Like to Be a Mechanic in the Daytona 500, The Most Luxurious Cars You Can Buy in 2023, Five Bad Habits That Will Destroy Your DCT. And to pull off things which not many can do on a normal basis also makes it a decently-paying job. And it can make you a Millionaire in just 2 years. Deals that were once done on a handshake will now be penned via a three-year contract by a professional human resources coordinator.. The most an athlete will likely earn for a single race once everyone else is paid, however, is less than a million when taking out the sponsorship money. They may not be required to move as fast as the pit crew, but they make up for it with extreme accuracy. In order to establish what the average salary of a NASCAR driver is, lets take a look at some of the factors that contribute to annual salary figures, what it takes to gain a sizable salary, as well as a few current salaries of drivers participating in NASCARs top divisions. You had some alcohol sponsorships increase; it happened in NASCAR and in other series, but really, there has been a vacuum created that as drivers, most will tell you they're making nothing like they once did.". It's called Green E15 because the racing fuel is actually green in color. Car hauling can be a very lucrative career, though jobs can range quite a lot in pay. 2. The typical driver makes over $1.5 milliona year. How Much Money NASCAR Drivers Make by Year, Top 10 Highest Paid (Salary) NASCAR driver in 2015, Here's Why NASCAR Pays More Equally than Other Sports, How Much Money NASCAR Drivers Make vs Other Sports. Johnson has a stake in and his name on a Chevy dealership in San Diego. 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. NEWS: NASCAR issues a deduction of 50 driver and 50 owner points to the No. NASCAR stopped releasing those numbers after the 2015 season. These guys get to do their work in the comfort of a shop in between the actual races. Merchandise sales for Harvick and the No. Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. Msn.foxsports.com crunched the numbers for a mid-level standard two-car team. Ingersoll Rand sells the $1500 gun exclusively to professional race teams. Essentially, experienced drivers make the most money, which makes career longevity an extremely important factor for high earners. They must also have some stage presence, or audiences will not enjoy watching or listening to them. While the NASCAR drivers wheezing past in their heavy-duty machines on the race-track may seem like a feat worth emulating, the fact that it takes immense will and skill to be able to do that is perhaps underrated. 14. Salaries can vary greatly depending on several factors, such as rate of wins, career length, and public sentiment. God bless data. NASCAR pays the lowest earners $18,000 a year, while the top 10 percent are paid over $88,000. Thats in terms of typical drivers. According to the NASCAR rulebook, drivers who weigh less than 180 pounds have to add 10 pounds to their car for every 10 pounds down to 140. pic.twitter.com/AbcdkzxXIC Flag for review. Every hauler has two cars loaded on it. How many miles per gallon do NASCAR cars get? Looked at another way, what other major televised sport pits women against men on the same playing field? While thats not exactly equality, its a lot closer to it than the NBA or NFL. Even pro golf manages to fit in 241 players. Also see:How Much Money Does an NBA Player Make? NASCAR money is handled something like golf money. Not enough data yet, please check again later. According to the Bureau of Labor Statistics, in 2012, the median pay for big-rig drivers was about $38,200. Amazingly, a 10-month, 36-race schedule (not counting the All-Star race and Bud Shootout) pales in comparison to what NASCAR drivers ran in years past. Logano is signed with Team Penske through 2023. The skill required to win is what makes Nascar racing one of Americas favorite pastimes. (Video) HUNTING NASCAR DIECAST JR'S HAULER! And although these bonuses and salaries are kept under wraps, it's rumored that Lewis Hamilton's salary is over $41 million per year, and sources with ties to Sebastian Vettel claim that the. A single NASCAR Cup Series tire costs around $500, meaning that a set of four tires is $2,000. At this point, its pretty evident that winners are the only drivers who earn a consistently high salary. How Much Do NASCAR Drivers Make Each Year? Believe it or not, back then, racecar drivers were insured for only $15,000. Second, drivers earn money from race winnings. Private Fleet. In the 60s, 70s and 80s auto racing was a low draw with an occasional broadcast on ABC-TVs Wide World of Sports. 2023 Payscale, Inc. All rights reserved. Today's most famous NASCAR announcers include Clint Bowyer, Dale Earnhardt Jr. and Steve Letarte. Kyle Busch tops the list of the highest-paid NASCAR drivers. 21 You're Too Fast - NASCAR's Power Only Concept. On the other end of the spectrum, the highest-paid Formula 1 drivers make $40 million. The table below shows median NASCAR pay by year. In the NBA, NFL, MLB and NHL, the top ten or twenty earners throw the averages out of whack. Joey Logano finished first and got a higher $1,586,503. 20. Patricks salary is $3.9 million, which doesnt measure up to others in the top ten list. Their experience within the sport often lends authority to their name and opinions. One is a primary car and the other is a backup car. Ultimately though it was the late Ayrton Senna, in his final year of driving for the McLaren team, that set the modern standard for F1 driver income. People practising the career in Denver make the most, at the amount as mentioned earlier. Drivers used to have tallied race earnings visible to the public as they get paid per race on top of the season-ending point fund. How many cars can fit in a NASCAR hauler? "The average is in the middle, more in the $150,000-160,000 range." Another contributor said: "Not many are over $250,000. 45. The lost star power has dented viewership but has given team owners a chance to reset the salary structure in the sport. The median salary alone for NASCAR is $1.5 million. Each member of the tire changing team makes $1,500 per race in base salary or $80,000 at the end of the year. Different factors like how long you've been in business, your location, current gas prices, and your car hauling experience will all weigh into how much money you can make as a carrier. The average NFL salary is more than double the median. 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. Since 2016, the company has kept race purses and prize money private. The average earning of a NASCAR pit crew member is $39,482 per year. NASCAR pays an average salary of $40,750 per year, or $19.59 an hour. Cole Custer has been fined $100,000. The car version runs off 12V and pulls about 6A, but they also have a version that can be worn, so this device is also usable by pit crew members. This article will go into detail about how much is costs to advertise with NASCAR and break down a variety of ways in which a company can do so. Heres what we do know. That includes race winnings, salary, merchandise royalties and endorsements. FedEx has been part of Joe Gibbs Racing since 2005 and is the lone primary sponsor for Hamlin's car. Yet in the NASCAR world, average and typical are the same. That box is four pounds and 94 cubic inches (2.7 x 5.2 x 6.7). The following is a highlight of the average race day earnings and winning bonuses that NASCAR pit-crew members make: Recommended for you. 16. Hunt tradition since 2001, where we celebrate our company drivers who have reached one million accident-free miles it takes an estimated 10 years to reach one million miles. Drivers in the upper 10% make a significantly higher portion of their total earnings from endorsements. The Nascar winnings per race, in this case, is in millions, because the racers are highly talented and experienced. This is not the case. What do NASCAR teams do with old cars? How much does a Race Car Driver make? Between 2001 and 2015, Johnson's race earnings totaled $150,926,713. Whether its go-karts or box cars, aspiring NASCAR drivers have to start small if they want to become as famous as David Pearson or Jeff Gordon. Los Angeles, California. Why Do NASCAR Drivers Swerve Before The Race? Salary range: $35,000-$101,500 per year. According to the Fox Sport announce team, several drivers stick their hand right up by the opening of the window net remember that NASCAR race cars don't have windows on the driver side for safety reasons to try to reduce the amount of air flowing into the cockpit. What is the highest paying truck driving company? It was the end of an era for Johnson and Nascar when Lowes left the sport at the end of the season. While their earnings vary, a good year can also mean over $130,000 for a race if they finish at the top. Many of them are only part-time employees who work limited hours. Now that's a long season. As you can see in the charts below, the highest-paid Formula 1 drivers make about twice as much money as their counterparts in NASCAR, with Lewis Hamilton earning $40 million per year compared to Kyle Buschs $16.9 million. They can also recall seemingly mundane details and statistics at a moment's notice, which is not easy to do.