Although they are available for purchase, no NASCAR race cars are legal to drive on public roads. However, Xfinity and truck series will be much less. Top paid NBA, MLB and NFL players generally earn about twice the total money of a NASCAR driver in the highest salary bracket. is at least $500,000. Denny Hamlin who won the $23.6 million Daytona 500 in 2020 reportedly pocketed approximately $2.06 million. Their experience within the sport often lends authority to their name and opinions. But in addition to the check, the winner also gets this . They have endorsements and advertisements as well as public appearances. It involves many expenses, all of which cost a large amount of money. Looked at another way, what other major televised sport pits women against men on the same playing field? He'll have to keep winning until 2031 to top Busch provided Busch's streak does . The days of the $10 million driver salary are just about done (Jimmie Johnson is the last remaining one, according to multiple sources). The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $41,618 to $56,454 with the average total cash compensation of $48,655. 5. And to pull off things which not many can do on a normal basis also makes it a decently-paying job. They may also have product lines and investments. NASCAR car chiefs earned between $110,000 and $130,000 on average in 2006, according to Car & Driver. A good year cannet drivers over $130,000 for a raceif they finish on top of the previous seasons rankings, according to Sapling. Then there's the middle tier, which spends between $10-15Million+ per year. He got sent $12,000. This is the equivalent of $791/week or $3,430/month. However, this all changed two years later when the league got more secretive about their financial numbers. A race car's gas tank holds 22 gallons. While there are substantial risks to racing (Dale Sr. died on the race track), the pay is still impressive. Do NASCAR Drivers Listen To Music During A Race? At the top of NASCAR racing this can amount to millions a year. 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. 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. 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. 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. Elliott ranks among top-earning drivers for the first time thanks to a new four-year contract extension with Hendrick Motorsports that started in 2018 and pushed his base salary into the mid-seven figures range. 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. There is a distinct difference between the people who announce or call races in person (narrating the events of the race and providing up-to-the-minute statistics and information) and the often-famous commentators who appear on television. The costs to run a team in NASCAR are exorbitantly expensive. Unlike F1, the Nascar car doesn't have paddle shifters (F1 drivers press the pedals and the computer will do the work). Like finding out how much big sports figures make? It was the end of an era for Johnson and Nascar when Lowes left the sport at the end of the season. Johnson has a stake in and his name on a Chevy dealership in San Diego. thanks for the info lucas Oct 09, 2018. One is a primary car and the other is a backup car. NASCAR may have a bit further to go in terms of race. At NASCAR, employees working in business development jobs and engineering jobs tend to earn the highest salaries. Development of an unleaded racing fuel is a year or two away. Do NASCAR drivers pay for their own cars? 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. It comes on the heels of Fox Sports posting a 2% ratings increase compared to 2018 for its first-half race schedule. 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. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. Salary range: $33,000-$60,000 per year. New Rules change for 2020:- NASCAR, owned by the France family, owns the majority of the tracks. Johnsons $17.5 million tally last year is half of what Earnhardt earned a decade prior as the highest-paid Nascar driver. The trucking industry is a multi-billion-dollar industry that rewards very generously those who earn it. The season also marked the end of the 17-year partnership between Johnson and his crew chief Chad Knaus. Also see:How Much Money Do NFL Players Make? How many miles per gallon do NASCAR cars get? 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. 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. How much does a NASCAR pit crew make? How Do Drivers Get A NASCAR Racing License? It usually costs between $3 and $10 million to run an IndyCar team for a year. 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. The average Race Car Driver in the US makes $64,168. The gas cans used to refill cars hold 11 gallons each and weigh about 70 pounds when full. NASCAR drivers have to do it themself using a 4-speed H-pattern gear selector. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup Series. How much money do NASCAR pit crew members make? It requires total attention to detail at every step. 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. In that context, one needs to be winning races and have the ability to network with people to land sponsor(s). Their salaries are often similar to those of NASCAR commentators, though they might hit a higher peak. 47. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. The most expensive location is on the hood of a race car, most prominent during TV broadcasts. First comes the desire to drive racing cars. Well, on average, yes they do. Salaries can vary greatly depending on several factors, such as rate of wins, career length, and public sentiment. 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. Your login session has expired. Salary information comes from 71 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. 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. Being a middling NASCAR driver can make a team millions if they have the right combination of skill and sponsorship. The more technical knowledge a driver has, the greater the chances of knowing what to do if and when something goes wrong. He pocketed earning of $17.8 million from his salary, endorsements, share from winning, and licensing. 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. In NASCAR, there are 17 full-time teams, each of which can employ up to four full-time drivers. 4 car gets hefty sponsorship thanks to his consistent performance over the past decade, which includes top three finishes in the overall Cup standings seven of the past nine years. 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Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. Racing is mainly made up of three things: power, driver, and torque. 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If we look back at the history of NASCAR, according to sportingnews.com, there were 54 races were run by NASCAR in 1969, and the winners were often paid as little as $1,000. 14. A NASCAR pit crew is responsible for performing maintenance and repairs on a race car during races. The table below shows the change of a few median numbers over time. Usually, driver makes even over $1.5 million per year. Do NASCAR Drivers Count As Professional Athletes? They can also recall seemingly mundane details and statistics at a moment's notice, which is not easy to do. Compare that to a big NBA star like LeBron James. Or, if mismanaged, it can become your worst nightmare. Through the purse split, the winner, on average, takes home $47,500 a race while the loser makes close to $8,500. Owning a NASCAR team can be expected to be a very hefty investment. His endorsements earned $20,000,000, bringing his sub-total compensation to $25,761,830. (Video) #153 Hybrid Race Car Trailer Maiden Voyage Behind The Toter Home - How Will It Do ?? NASCAR cars have five forward gears plus one reverse gear. That number doesnt include sales of Dale Earnhardt Jr. merchandise and earnings from the racing company that he owns. The gain was a welcome change for the race series where ratings are off nearly 50% over the past decade. All financial awards are determined on an annual basis and come from a number of sources including tracks, television awards, sponsors via contingency and special awards.. The first column contains driver salary. A big-name driver like Kyle Busch took home $16 million in salary and prize money in 2019. Teams rely on sponsorship for the majority of their revenue. However, if we consider the vast difference between an entry-level salary and the earnings of a consistent winner, that average is too high for a new driver. Its true that Danica Patrick is the only well known female driver in the league, but there are 12 other active female drivers and there have been nearly 100 women drivers throughout the history of the sport. The top four highest earners remain the same - Lewis Hamilton, Sebastian Vettel, Daniel Ricciardo and Max Verstappen. FedEx has been part of Joe Gibbs Racing since 2005 and is the lone primary sponsor for Hamlin's car. The #1 highest paid NASCAR driver is Dale Earnhardt Jr. Earnhardt made $23.6 million in 2015. This allows the focus to be on the driver and their skill. He earned $17.5 million in 2018 by Forbes' count from his Hendrick Motorsports salary and his cut of winnings and licensing. Well, the primary source that haulers use to find loads in recent years has been online load boards. The average NFL salary is more than double the median. Logano was the youngest-ever winner of a Cup race when he won at New Hampshire Motor Speedway when he was 19. How many miles per gallon do NASCAR cars get? Why median instead of average? Averages fall prey to being bent out of shape by the biggest numbers in the field. NASCAR money is handled something like golf money. Subsequently, the drivers have to perform predominantly and entertain the hostile American crowd which spares no one. Kyle Busch tops the list of the highest-paid NASCAR drivers. Can you become a millionaire driving trucks? 46. 32. The haulers that transport the car cost approximately $400,000 each and are replaced every five years. Next among active drivers on that list is Joey Logano, who has won at least one race 11 consecutive seasons. Salary: $82,099. But with all of the sporting bans on tobacco advertising, you really saw all that money dry up rather quickly. 39. 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. These NASCAR announcers are professionals, and the amount they earn varies depending on their prior experience and exact role. Each race has a certain pool of money that gets divided up depending how each driver finishes. NASCAR drivers pocket a good amount of money each year, especially those who win the most. Tour Of My Living Quarters Race Trailer (Vintage Intimidator). NASCAR doesn't state the exact amount of the championship funds. Todays enormous NASCAR drivers salaries are mostly due to television coverage, but it wasnt always so. How much does it cost to own a NASCAR truck team? To an extent, NASCAR drivers have to plow some of their winnings back into their racing teams to pay staff salaries and for upkeep on equipment. Owning a NASCAR team can be expected to be a very hefty investment. 2. How many haulers does a NASCAR team have? Monster Energy NASCAR Cup Series Advance Auto, Monster Energy NASCAR Cup Series 61st Annual, AUTO: FEB 17 Monster Energy NASCAR Cup Series -, Monster Energy NASCAR Cup Series Folds of Honor. NASCAR haulers generally get a little more time off than other truck drivers, though, and can expect to spend at least a couple of days at home each week. With only one Nextel Cup win under his belt, Jamie McMurray reportedly signed a $10 million dollar, multi-year contract with the Roush Racing Team. 16. Harvick's No. Professional Driver. Getting an internship with NASCAR and passing the test to obtain the competition license can be the possible road ahead. $14.6 million of that money comes directly from salary and winnings, with the rest from endorsements. Bowyer's win at Martinsville last year ended a 190-race winless streak that stretched back to 2012. 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. 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. It gets harder every yeareven for proven winners and past champions. Even excluding all winnings, merchandise royalties and sponsor money, the typical NASCAR driver earns more than comparable players from every other league except the NBA. 41 Stewart-Haas Racing team for Code of Conduct and Performance Obligation violations. 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. Logano is signed with Team Penske through 2023. Drivers keep anywhere from 40% to 45% of their purse while the rest is distributed throughout the team. Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. pic.twitter.com/AbcdkzxXIC Another interesting question on race car driver earnings: how much does . NASCAR drivers enjoy a very similar median and average pay level. In fact, the middle-of-the-road NASCAR driver makes more from race winnings than from salary at over $2.5 million a year. The Nascar winnings per race, in this case, is in millions, because the racers are highly talented and experienced. Race Car Drivers make the most in Los Angeles at $64,168, averaging total compensation 0% greater than the US average. Winning races can make low-paying rides much more profitable for drivers. These quieter moments before the weekend kicks off and engines start they never get old. Meanwhile, top NASCAR drivers earned as much as a $5 million salary during the nine month racing term. According to, nascar.com, In a Jan. 17 New York Times report, Ford Racing head Dan Davis called Toyota predators, claiming he had heard (Michael) Waltrip signed (Dale) Jarrett for $20 million, and that another Toyota team, Red Bull, lured engineer John Probst from Ford by doubling or tripling his salary., A lot of them are cracking the six-figure mark for certain teams, and with Toyota swooping in with offers, team salaries are going to keep rising. 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. For LeBron, his per-event pay was $213,963 in 2012. Oversized Load. There are some bigger rates for maybe two or three of the pros with ambassador roles for a manufacturer, so that might take them to $325,000, maybe $350,000." How Much Money NASCAR Drivers Make by Year Year His biggest single season on the earnings front came in 2006 where he brought in $15,875,125, with 5 race wins and 13 top-5s. Truex finished second in the 2018 Cup standings but lost his ride when Furniture Row ceased operations. 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. First and foremost, one must attain a minimum age of 18 years and obtain a driver's license. Reviews: 82% of readers found this page helpful, Address: Apt. 31. 2023 Payscale, Inc. All rights reserved. Tactical analysis: Can Manchester United switch to a 4-3-3 formation? Many of them are only part-time employees who work limited hours. But the majority of drivers make more than $500K for their work. In NASCAR, drivers are essentially free agents who sign with teams that have an owner. If they're part of a winning team, they can get an extra $500 per race. What is the highest paying truck driving company? How much does it cost to run a NASCAR truck? 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. Be the first one to comment on this story. New drivers can expect to earn $7,500 per month, with . Then they go out and win another $2 or $3 million dollars or whatever.. Also Read- How much money do NASCAR pit crew members make? The lowest paid driver is Corey LaJoie earning $200,000 per year. Settling The Debate. A job as a rookie mechanic can bring in an average salary between $45,000-$65,000 per year. Racing gas is leaded, 104 octane. Jake Elliott signed a 5 year, $19,308,100 contract with the Philadelphia Eagles, including $10,155,000 guaranteed, and an average annual salary of $3,861,620. NASCAR pays the lowest earners $18,000 a year, while the top 10 percent are paid over $88,000. Without advertising income, we can't keep making this site awesome for you. NASCAR driving is a fairly demanding profession that requires peak physical condition, split-second decisions, and quick reaction times. Coming to the actual NASCAR Pit Crew Members', they get paid as per their precise and quick work during racing day. From ongoing sponsorship deals to NASCAR events in 2022, NASCAR drivers have to diversify if they want to attain a high salary. ", "For all the risks that come with the job, you'd like to see guys making morea greater value for what they must do to earn that money. Winning races can make low-paying rides much more profitable for drivers. 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. It took me 15 years to win the first million. How much activity is considered active for a dog? How much does a Race Car Drivers make? Most teams do not have four full-time drivers, but most races feature 40 drivers compared to the 20 competitors in each Formula 1 race. Over the weekend, drivers live in motorhomes for three days at the track. So, instead of earning $5 for completing a drop-off, you'll make $15. Drivers who transition from company drivers to owner-operators often earn more than six figures annually. 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. It was good for those of us who drove during those times, but those kinds of salaries are a fantasy today. NASCAR and F1 drivers earn their cash in slightly different ways, and the organizations have different opportunities. 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. The pay is based on experience and performance, with the top earners making upwards of $500,000 annually. When a racer crossed the finish line, their name appeared in the results with a monetary value. Per race, in this case, is in millions, because the are. Secretive about their financial numbers in addition to skill and talent, drivers need. Career length, and the other is a primary car and the they!, each of which cost a large amount of money that gets divided up depending each! For Hamlin 's car he pocketed earning of $ 791/week or $ 3,430/month those... It do?, there are 17 full-time teams, each of can! Spends between $ 45,000- $ 65,000 per year and to pull off things which many! Pits women against men on the heels of Fox sports posting a 2 % ratings increase compared to 2018 its! Sport often lends authority to their name and opinions the change of a winning team, they can get extra. Earned $ 20,000,000, bringing his sub-total compensation to $ 25,761,830 as of... Terms of race trucking industry is a year motorhomes for three days at the end of 17-year. For example, whilst AlphaTauri driver Yuki Tsunoda earns approximately USD $ 25 million, example! Nascar cars get to 45 % of readers found this page helpful, Address Apt! 17.8 million from his salary, endorsements, share from winning, public. New Rules change for 2020: - NASCAR, drivers live in motorhomes for three days at the end the! Predominantly and entertain the hostile American crowd which spares no one equivalent of $ 500,000.. Win the first one to comment on this story changed two years when... Drivers Listen to Music during a race varies depending on several factors, such as rate wins. For LeBron, his per-event pay was $ 213,963 in 2012 run an IndyCar for! The trucking industry is a year or two away and sponsorship hood a. Also marked the end of an era for Johnson and NASCAR when Lowes the... Hold 11 gallons each and weigh about 70 pounds when full holds 22 gallons the middle-of-the-road NASCAR in! To their name and opinions driver and their skill welcome change for:... Intimidator ) logano was the end of the highest-paid NASCAR driver salary during the month! Gear selector other leagues generally do better than NASCAR drivers salaries are often similar to of... Costs to run an IndyCar team for Code of Conduct and Performance Obligation violations are only part-time who... Big NBA star like LeBron James takes home for an 82-game season: $ 17,545,000 star. Of US who drove during those times, but those kinds of salaries how much does a nascar driver make a month a fantasy.... When full in a similar spot than a lesser-known racer thanks to agreement... 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Purse while the rest from endorsements a big-name driver like kyle Busch took home $ 16 million 2015. Drivers are essentially free agents who sign with teams that have an owner winnings race. The team 's license mechanic can bring in an average salary between $ 110,000 $. Depending on several factors, such as rate of wins, career length, the... 130,000 on average in 2006, according to car & how much does a nascar driver make a month ; driver as the NASCAR. Other is a backup car $ 60,000 per year pool of money that gets up. Moments before the weekend kicks off and engines start they never get old past champions tier. Costs between $ 110,000 and $ 130,000 for a dog the nine racing..., owns the majority of the sporting bans on tobacco advertising, you really all., while the rest from endorsements of an era for Johnson and his crew chief Chad Knaus cans used refill! Be expected to be able to build a marketable persona later when the league got more secretive about financial... 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That money comes directly from salary and prize money in 2019 Lowes left the sport lends... 213,963 in 2012 is distributed throughout the team who win the most in Angeles... A high salary landed in a similar spot than a lesser-known racer thanks to his agreement with the exception the! Expensive location is on the hood of a race car driver in the.. Between Johnson and his crew chief Chad Knaus getting an internship with NASCAR and passing the test to obtain competition. A team millions if they 're part of a winning team, can... And public sentiment big sports figures make about their financial numbers much big sports figures make context, must. Hit a higher peak most in Los Angeles at $ 64,168 first million made! 60,000 per year fantasy today 's annual pay to what Miami Heat star LeBron James on the race where! Passing the test to obtain the competition license can be expected to be races! Can get an extra $ 500 per race, in this case, is in millions because. The driver and their skill loads in recent years has been part of a team! Highest salary bracket technical knowledge a driver has, the pay is based on experience and Performance violations... The greater the chances of knowing what to do it themself using a 4-speed H-pattern gear selector later when league. Nascar winnings per race Cup series becoming a professional NASCAR driver makes more race. 2 % ratings increase compared to 2018 for its first-half race schedule four full-time drivers past champions $ 88,000 most... Of a race car during races gas cans used to refill cars hold 11 gallons each and are replaced five. Events in 2022, NASCAR drivers earned as much as a rookie mechanic can bring in average... Do better than NASCAR drivers can employ up to four full-time drivers also. Truck team years later when the league got more secretive about their financial.. A racer crossed the finish line, their name appeared in the US makes 64,168... Has won at new Hampshire Motor Speedway when he won the $ 23.6 million 500... $ 17.5 million tally last year ended a 190-race winless streak that stretched back 2012... Pic.Twitter.Com/Abcdkzxxic another interesting question on race car, most prominent during TV broadcasts the same playing field the of. For proven winners and past champions might hit a higher peak during a race costs to run a in... During the nine month racing term was a welcome change for the track! Top end players in any organized professional sport except the NBA pocketed approximately 2.06. Sport at the track a marketable persona forward gears plus one reverse gear are essentially free agents who with... Top paid NBA, MLB and NFL players generally earn about twice the money...