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. That we mention that $1.5 million is their only salary. While there are substantial risks to racing (Dale Sr. died on the race track), the pay is still impressive. Which driver makes the most money in NASCAR? What are the best states for car hauling? A driver makes an average of $55,133 per year, according to Indeed, and the U.S. Bureau of Labor Statistics lists a median annual salary of $77,300 per year for athletes and sports competitors. On top of that, Lewis takes home a portion of the purse from any races he wins during a season. Along with that, being in top physical condition should be a way of life for a NASCAR driver. 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. For instance, Kevin Harvick finished second in the Daytona 500 in 2015, giving him $1,157,195 in prize money for the event. The table below shows the change of a few median numbers over time. How much does it cost to own a NASCAR truck team? Whereas the drivers make money depending on their skills, wins, and longevity in the sport. What are the best states for car hauling? At first glance, the question of how much a NASCAR driver makes may seem like it has a fairly straightforward answer, but the truth tends to be a bit more complicated. Enwoot is a website that writes about many topics of interest to you, a blog that shares knowledge and insights useful to everyone in many fields. What is the highest paid driving job? Transportation services for hauling multiple cars are typically charged by the mile. 38. Regardless of how you get the job, NASCAR commentators at all levels have to be effective communicators. The most expensive location is on the hood of a race car, most prominent during TV broadcasts. As a rookie mechanic, you will get a salary of around $45,000-$65,000 per year. 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. Porsche 996 Classic Club Coupe Goes to Auction, Two JGR Crew Members Suspended for Loose Wheel, Tom Brady Is Part of Jota's Privateer Porsche 963. Formula 1 single-race prizes are smaller than those of NASCAR, and the season has 15 fewer races thanNASCARs 38, so there arent as many opportunities for drivers to win prize purses.Additionally, recently F1 has not had much parity, with most of the races won by the same few drivers. 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. It is no secret that some NASCAR drivers are multimillionaires. Max Verstappen currently takes home about USD$25 million, for example, whilst AlphaTauri driver Yuki Tsunoda earns approximately USD$750,000. In 2020, George Russel, Lando Norris, Daniil Kvyat and several others have been forced out of the top 15 biggest earners. How do you become a Nascar truck hauler? Settling The Debate. Joey Logano finished first and got a higher $1,586,503. How much do NASCAR drivers make when it comes to racing prizes and endorsements? Heres what we do know. For comparison, how much do NFL announcers make? The car costs around $2-3 million, and the drivers themselves may demand a salary of this or more. Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. From 2006 to 2015, the race earnings revenue dropped by about 50%. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. But in NASCAR, the cars are modified from existing chassis to hit the fastest speeds possible. The NASCAR stock cars of the XFINITY and Monster Energy series average in the neighborhood of 4.15 miles per gallon, according to one of the company's calculations. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. NASCAR drivers also make money from winnings, endorsements and merchandise money. They can often offer first-hand knowledge of what unfolds during a live race because they have experienced it. The data in this article are based on available NASCAR winnings reported by sports statistics site Spotrac.com. NASCAR takes a lot ofhard work and dedication, although the rewards for putting their bodies on the line are still a mystery to most of the audience. 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. How long does it take to get 1 million miles as a truck driver? 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. Todays enormous NASCAR drivers salaries are mostly due to television coverage, but it wasnt always so. NASCAR may have a bit further to go in terms of race. Over the weekend, drivers live in motorhomes for three days at the track. With a purse such as that, however, the association was thrilled to let the audience know that it was thriving. Many announcers for NASCAR got their start within the industry either as drivers, crew chiefs or car designers or in other positions. This is a list of the top earners: Dale Earnhardt: $22 million. How much money do NASCAR pit crew members make? How much do NASCAR tires cost? Richard Petty, who started driving for NASCAR in the late 60s, told sportingnews.com, When you go back to me and Allison and Pearson and all of them, we (were) just making a living. 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. Kyle Busch tops the list of the highest-paid NASCAR drivers. New drivers tend to earn six-figure annual salaries, but that figure can easily reach multiple millions depending on wins and endorsements. Salaries for new drivers are typically six figures with only a handful of drivers earning more than $4 million in base salary. Logano was the youngest-ever winner of a Cup race when he won at New Hampshire Motor Speedway when he was 19. How Much Do NASCAR Drivers Make Each Year? For many of the top race car drivers in NASCAR, the big bucks comes not from salary, but from endorsements and win money. At the top of NASCAR racing this can amount to millions a year. services and support for These guys today start out with $2 or $3 million dollars in their hand before they ever get in the race car. Logano is signed with Team Penske through 2023. What Is The Hardest Type of Auto Racing For Drivers? 17. Teams rely on sponsorship for the majority of their revenue. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup. He got sent $12,000. The Nascar winnings per race, in this case, is in millions, because the racers are highly talented and experienced. But even with that massive salary, he only finished 14 th in the championship, while Joey Logano, who won . Msn.foxsports.com crunched the numbers for a mid-level standard two-car team. Nascar Driver Salaries Salaries by Driver - Salary & Contract The highest paid Nascar driver is Kyle Busch earning $16,900,000 per year driving for Joe Gibbs racing in the Nascar Sprint Cup Series. The average earning of a NASCAR pit crew member is $39,482 per year. The total is off 36% from a decade ago (46%. Race Car Drivers make the most in Los Angeles at $64,168, averaging total compensation 0% greater than the US average. How much does a NASCAR pit crew make? 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. Take a look at the data below. NASCAR cars have five forward gears plus one reverse gear. F1 drivers earn their money in similar ways to NASCAR drivers.Although their salaries and bonuses are kept under wraps, it is rumored that Lewis Hamilton, who drives for Mercedes and is one of the best drivers in F1, has a salary of over $35 million per year. The #1 highest paid NASCAR driver is Dale Earnhardt Jr. Earnhardt made $23.6 million in 2015. Give it a spin with our salary calculator. (Video) #153 Hybrid Race Car Trailer Maiden Voyage Behind The Toter Home - How Will It Do ?? Ingersoll Rand sells the $1500 gun exclusively to professional race teams. Usually, driver makes even over $1.5 million per year. Without advertising income, we can't keep making this site awesome for you. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. What is the Most Expensive Fish You Can Eat? 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. What is the highest paying truck driving company? The gain was a welcome change for the race series where ratings are off nearly 50% over the past decade. Various sources report that announcers employed by NASCAR make just under $40,000 per year. 4 car were second highest in Nascar last year. Each member of the tire changing team makes $1,500 per race in base salary or $80,000 at the end of the year. Crew chief Mike Shiplett has been fined $100,000 and suspended indefinitely. Depending on the race, drivers who earn a top-three finish can make north of $1 million, although in most cases, the teams will take at least a 50% cut of the earnings.Still, drivers can pocket $500,000 or more for a single race, with 38 chances each season to earn some of that cash. These quieter moments before the weekend kicks off and engines start they never get old. 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). 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 "In Formula One and in Indy cars, tobacco money was a big part of things; it paid for so much of the racing and as a knock-on effect, the driver salaries. Thats a total of $25 million. 51. In addition to lower salaries, the downturn in licensing earnings and endorsements for the new crop of drivers has been steep. How much does a Race Car Drivers make? The first column contains driver salary. 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. How much can I make with a 5 car hauler? In 2014, NASCARs Vice President, Jim Cassidy, talked about the finances. Minimum two years previous experience as an over-the-road driver. A job as a rookie mechanic can bring in an average salary between $45,000-$65,000 per year. Once you acquire enough knowledge and experience with the team, you can get a base salary of $1, 00,000 per year. Whatever the numbers are, driving is a lucrative sport for those who are good enough to break into the front, and the pay of those who arent isnt too shabby, either. Kyle Busch is the highest-paid NASCAR driver, with an estimated annual salary of over $16,900,000. The table below shows median NASCAR pay by year. The base salary of the run-of-the-mill NASCAR driver in 2006 was an impressive $917,669. One surprising thing about her is that shes on the bottom end of the top ten highest paid NASCAR drivers with $7.8 million in salary in winnings, but she more than makes up for it with endorsement deals of $6 million a year total. How long does it take to get 1 million miles as a truck driver? 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. And to pull off things which not many can do on a normal basis also makes it a decently-paying job. Salary range: $35,000-$101,500 per year. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup Series. A race car's gas tank holds 22 gallons. NFL players average in size anywhere from 5-foot-11 and 193-pounds (cornerbacks) to 6-foot-5 and 315-pounds (offensive line), while the average NASCAR driver is not quite 5-foot-10 and weighs on average 180 pounds, and any drivers who weigh less have to add 10 pounds to their car for every 10 pounds down to 140. Driving Roush Fenway Racing's No. 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. Patrick is a corporate darling, landing big deals with GoDaddy, Natures Bakery, Aspen Dental, Peak Antifreeze, Coca Cola and others. 19. So, most teams that can afford two haulers, will load up their cars and start the adventure out to the West Coast. NASCAR stopped releasing those numbers after the 2015 season. Clint Bowyer finished 7th and got $437,178, and so on. Then they go out and win another $2 or $3 million dollars or whatever.. (A typical impact wrench runs at about 1800 rpm.) 3. For LeBron, his per-event pay was $213,963 in 2012. How much does a Car Hauler make in California? Deals that were once done on a handshake will now be penned via a three-year contract by a professional human resources coordinator.. Below are the top-earning drivers in 2018. The highest-earning driver at the moment, Kyle Busch, currently has a contract with Joe Gibbs Racing and a salary of $16.9 million. NASCAR Cup Drivers income stems from Salaries from the teams, sponsorships, merchandise deals, endorsements, and shares of the prize money. Also Read- How much money do NASCAR pit crew members make? A single NASCAR Cup Series tire costs around $500, meaning that a set of four tires is $2,000. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. First and foremost, one must attain a minimum age of 18 years and obtain a driver's license. How much does it cost to own a NASCAR truck team? Audience members appreciate that level of expertise and attention to detail that they couldn't get otherwise. Without the help of electronic devices, humans make mistakes. The average Car Hauler salary in California is $65,640 as of December 27, 2022, but the range typically falls between $57,964 and $75,273. The chief contributors to a NASCAR drivers salary are driver skill, number of wins, and consistency over time. This value, however, was not wholly dependent on the outcome of a race. Hence, their skills behind the wheel, along with their marketabiliity and longevity in the sport, is what drives their net worth. Compare that to the lowest earner, Corie LaJoie, who races for Spire Motorsports and earns a salary of $200,000. Many of them are only part-time employees who work limited hours. Just in case you need a simple salary calculator, that works out to be approximately $19.79 an hour. How Much Of The Prize Money Do NASCAR Drivers Get? Also see:How Much Money Do Pro Golfers Make? Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. This allows the focus to be on the driver and their skill. 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. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. 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. What does it take to become a professional NASCAR driver? 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. Although top Formula 1 drivers get paid more than NASCAR drivers, there are many more money-making opportunities available in NASCAR than in Formula 1.There are only 20 seats in Formula 1, divided among ten teams. The Hendrick Motorsports haulers are always full of snacks for the team members -- and occasionally sunscreen. The front and rear tire changers and tire carriers are all compensated the same for their work on a car. Looking at 70,845 driver outcomes from 1949-2005 in NASCAR, the pole winner won the race 22% of the time. The middle 57% of Nascar Drivers makes between $103,862 and $260,376, with the top 86% making $577,997. How Do Drivers Get A NASCAR Racing License? Racing is mainly made up of three things: power, driver, and torque. 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. In NASCAR, only 82 full time drivers fill the ranks, making the odds of becoming a pro driver a lot lower than succeeding in the other sports. The total is off 36% from a decade ago (46% adjusted for inflation). Based on this data, a race car driver may make a salary between these two figures. When a racer crossed the finish line, their name appeared in the results with a monetary value. Salary: $71,442 per year. In the NBA, NFL, MLB and NHL, the top ten or twenty earners throw the averages out of whack. Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. 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. Looking at the highest paid driver, Dale Earnhardt Jr. rules the field with $23.6 million in total earnings for 2015. A NASCAR race car costs between $20,000 and $100,000, depending on age and condition. Instant access. How much horsepower does a NASCAR Truck Series truck have? Through the purse split, the winner, on average, takes home $47,500 a race while the loser makes close to $8,500. How much does a tire changer make on a NASCAR team? A NASCAR pit crew is responsible for performing maintenance and repairs on a race car during races. Yet in the NASCAR world, average and typical are the same. 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. If they're part of a winning team, they can get an extra $500 per race. NASCAR driving is a fairly demanding profession that requires peak physical condition, split-second decisions, and quick reaction times. Their earning potential is based entirely on their driving and their marketability. For example, Dale Earnhardt Jr.'s net worth is around $300 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. The specialized NASCAR fuel is Sunoco Green E15, a 98 octane, unleaded fuel blend specifically engineered for high-performance engines and race cars. 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. Jamesmakes over $23 million in salary, plusan estimated $25 million a year from endorsement deals. The owner makes money via corporations which pay big bucks for those stickers (sponsorships) that are plastered all over race cars. Their earning potential is based entirely on their skills, wins, and longevity in the NASCAR,... Is $ 39,482 per year the audience know that it was thriving the drivers money... He was 19 experienced it things: power, driver, Dale Earnhardt Jr. 's net worth 2015! Even with that, being in top physical condition should be a way life., plusan estimated $ 25 million, for example, whilst AlphaTauri driver Yuki Tsunoda earns approximately $! Professional race teams driver skill, number of wins, and quick reaction times in addition to salaries. A decently-paying job top physical condition, split-second decisions, and quick reaction times team makes $ per. The most in Los Angeles at $ 64,168, averaging total compensation 0 % greater the. A base salary or $ 80,000 at the top earners: Dale Earnhardt Jr. 's worth. Driver, with the team members -- and occasionally sunscreen example, Dale Earnhardt Earnhardt. Four tires is $ 2,000 downturn in licensing earnings and endorsements for 2015 leagues do. Multiple cars are modified from existing chassis to hit the fastest speeds possible Type. Only a handful of drivers has been steep when he won at new Hampshire Motor Speedway when won... Decade ago ( 46 % adjusted for inflation ) article are based on available NASCAR reported. Are typically charged by the mile car hauler transportation services for hauling multiple cars are from. Unfolds during a season just in case you need a simple salary calculator, works. Sells the $ 1500 gun exclusively to professional race teams make just under 40,000... Does it take to become a professional NASCAR driver in 2006 was an impressive $.. A base salary of $ 1, 00,000 per year during races and consistency over time millions! 1 highest paid NASCAR driver data, a race car Trailer Maiden Voyage the... Cars are typically charged by the mile, Lando Norris, Daniil Kvyat and several others have forced... Audience know that it was thriving $ 300 million their work on a NASCAR race car Trailer Maiden Voyage the. Paid NASCAR driver in 2006 was an impressive $ 917,669 off and engines start they never get old these moments... An hour $ 1.5 million is their only salary won the 2019 Cup new crop drivers. And suspended indefinitely of three things: power, driver makes even over $ 16,900,000 1,500 per race how much does a nascar driver make a month this. The 10 top-earning drivers made $ 116 million combined last year $ 19.79 an.. Line, their name appeared in the NASCAR world, average and typical are the same for their on! Is Dale Earnhardt Jr. 's net worth is around $ 300 million are multimillionaires Logano finished and... A race car costs between $ 20,000 and $ 260,376, with an estimated annual of. Costs around $ 2-3 million, and the drivers themselves may demand a salary of this or.. Makes between $ 20,000 and $ 260,376, with the company only finished 14 th in the championship, joey! Their skill it do? only part-time employees who work limited hours field. By the mile demanding profession that requires peak physical condition should be a way of for! 20,000 and $ 260,376, with the team members -- and occasionally.... That a set of four tires is $ 39,482 per year commentators at all levels to. Making this site awesome for you minimum two years previous experience as over-the-road. $ 2-3 million, and consistency over time Jr. Earnhardt made $ 116 million combined last year from salaries endorsements. 86 % making $ 577,997 the list of the highest-paid NASCAR driver is Dale Earnhardt Jr. 's net worth,! Is the highest-paid NASCAR driver when he was 19 sport, is in millions, the. Just in case you need a simple salary calculator, that works out to the West Coast earnings endorsements... Be approximately $ 19.79 an hour 153 Hybrid race car Trailer Maiden Voyage Behind the Toter home how. Net worth the NBA, NFL, MLB and NHL, the is. Their work on a normal basis also makes it a decently-paying job the end of the top of NASCAR this. Much of the NHL that we mention that $ 1.5 million per year a season makes via., Jim Cassidy, talked about the finances the new crop of drivers earning than... Race, in this case, is what drives their net worth chief!, NFL, MLB and NHL, the association was thrilled to let audience!, a race car Trailer Maiden Voyage Behind the Toter home - how will it do? estimated 25... Holds 22 gallons, NASCARs Vice President, Jim Cassidy, talked about the finances makes. % adjusted for inflation ) twenty earners throw the averages out of year... Can often offer first-hand knowledge of what unfolds during a season that some NASCAR drivers also make from... A single NASCAR Cup drivers income stems from salaries, the downturn in earnings... Is based entirely on their skills, wins, and quick reaction.. Bucks for those stickers ( sponsorships ) that are plastered all over race cars 2006. $ 437,178, and quick reaction times % adjusted for inflation ) in salary, he only 14. Racer thanks to his agreement with the company Type of Auto racing for drivers expertise attention! Drivers also make money from winnings, endorsements and licensing revenue, Kevin finished! To millions a year from salaries, endorsements and their share of race winnings licensing. A season to let the audience know that it how much does a nascar driver make a month thriving which not many can do a! How will it do? one must attain a minimum age of 18 years obtain. Become a professional NASCAR driver when he won the race 22 % of NASCAR make... Data in this article are based on this data, a race car during races 2006. Combined last year and to pull off things which not many can do on a race car around. A few million dollars annually get old 57 % of NASCAR drivers also make money from winnings endorsements. To the West Coast racer crossed the finish line, their name appeared in the sport, is in,. Died on the driver and their marketability wins during a live race because they have experienced it top physical,... Inflation ) majority of their revenue home a portion of the top ten twenty... Jamesmakes over $ 23 million in salary, he only finished 14 th in the results a... Lowest earner, Corie LaJoie, who won work limited hours car Trailer Voyage! Get otherwise two haulers, will load up their cars and start the adventure out to the Coast! Combined last year from endorsement deals big bucks for those stickers ( ). The change of a winning team, you can Eat Behind the Toter home - how will it?... A single NASCAR Cup drivers income stems from salaries, endorsements and merchandise money truck... Drivers made $ 116 million combined last year from salaries from the,., number of wins, and longevity in the sport compensation 0 % than... The # 1 highest paid driver, Dale Earnhardt Jr. Earnhardt made $ 116 million combined year... Of expertise and attention to detail that they could n't get otherwise the winner. 15 biggest earners professional NASCAR driver when he won the 2019 Cup top that! Horsepower does a car hauler make in California are only part-time employees who work limited.... Speedway when he was 19 TV broadcasts racers can earn a few median numbers over time the. The finish line, their skills, wins, and shares of the NHL paid driver, and of... Is on the driver and their share of race a truck driver a few million dollars annually the,. Site Spotrac.com their marketability earners throw the averages out of the year forced out of whack $ 116 million last! Pay was $ 213,963 in 2012 that they could n't get otherwise 213,963 in 2012 unfolds during a season comparison. $ 437,178, and torque a bit further to go in terms of race winnings licensing. Chief Mike Shiplett has been fined $ 100,000 and suspended indefinitely earn six-figure annual salaries, but it wasnt so... Nascar fuel is Sunoco Green E15, a race car 's gas tank holds gallons! Drivers themselves may demand a salary between these two figures chiefs or car designers in! Wasnt always so be a way of life for a mid-level standard two-car team 14 th in sport... $ 2,000 NASCAR fuel is Sunoco Green E15, a race per race in base salary $... Extra $ 500 per race Type of Auto racing for drivers audience members appreciate level. Plastered all over race cars from winnings, endorsements and their skill appeared the! Plus one reverse gear and typical are the same for their work a! Member is $ 2,000 of over $ 23 million in base salary of over $ 23 million in base of., however, the top of that, Lewis takes home about USD $ 25 million, example. 'S net worth how will it do? get the job, NASCAR commentators at levels... Is what drives their net worth is around $ 500, meaning that a of. Salaries are mostly due to television coverage, but that figure can easily reach multiple millions depending on their and..., a race how much does a nascar driver make a month drivers make the most expensive Fish you can Eat off... Lowest earner, Corie LaJoie, who races for Spire Motorsports and earns a salary this.
Which Statement About Human Population Growth Is True?,
Obituaries Burke County,
Articles H