As theworlds premier auto-racing company, one may think NASCAR would be proud to disclose its financial info withthe best racers in the world. The average MLB player makeseight times the typical player. After failing to reach Victory Lane in 2018, Hamlin started this year with a bang, capturing his second career Daytona 500 (his first Daytona was in 2016). A big-name driver like Kyle Busch took home $16 million in salary and prize money in 2019. "I made that back in 1972!" Mining Industry Drivers. What is the highest paying truck driving company? Can you become a millionaire driving trucks? They may not be required to move as fast as the pit crew, but they make up for it with extreme accuracy. The answer ranges depending on each respective salary. Johnson is Nascar's highest-paid driver for the second time in three years. 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. What Is The Hardest Type of Auto Racing For Drivers? Drivers in the upper 10% make a significantly higher portion of their total earnings from endorsements. Grand Prix drivers began commanding serious salaries in the late 1970s, with Ferrari's Gilles Villeneuve and Jody Scheckter recognized as some of the first to push pay boundaries. What does it take to become a professional NASCAR driver? Car & Driver reports tire specialists earn $50,000 to $60,000 a year, and crew chiefs can earn annual salaries anywhere . Old number 43 is not exaggerating. 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. 2. God bless data. Usually, driver makes even over $1.5 million per year. Up until 2016, reports The Gazette, thecomplex numbers behind a NASCAR racewere public knowledge. New Rules change for 2020:- How Much Do NASCAR Drivers Make Each Year? Surprisingly, NASCAR drivers make more money than players in any organized professional sport except the NBA. How many gears does a NASCAR truck have? 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. New drivers tend to earn six-figure annual salaries, but that figure can easily reach multiple millions depending on wins and endorsements. Each member of the tire changing team makes $1,500 per race in base salary or $80,000 at the end of the year. Payscale Connect is an online compensation community where customers can ask questions, While Europe and the UK have required gender pay gap reporting for, In the world of technology, G2 is providing Payscale and other software, When examining the labor market today, its hard not to talk in, Access helpful tools and insights for career planning and salary negotiation, Return better results with Payscale Job Search, Learn successful salary negotiation techniques, Compare real living costs across different cities, Consider potential directions your career could take, Calculate the 20-year net ROI for US-based colleges, Explore real-world career trends and advice from the leaders in compensation, As a career coach for 5 Minute Career Hack, I want to, Uncover detailed salary data for specific jobs, employers, schools, and more, Learn where the best career earners attended college. How much does a Top Fuel pit crew make? Be the first one to comment on this story. The middle 57% of Nascar Drivers makes between $103,862 and $260,376, with the top 86% making $577,997. Danica Patrick is the 8th highest paid NASCAR driver in the world, though its thanks only in small part to her salary. Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Reliable compensation data. In fact, the middle-of-the-road NASCAR driver makes more from race winnings than from salary at over $2.5 million a year. Thats a total of $25 million. 45. For LeBron, his per-event pay was $213,963 in 2012. While thats not exactly equality, its a lot closer to it than the NBA or NFL. The median salary alone for NASCAR is $1.5 million. Factoring that in makes NASCAR drivers the highest paid of any televised competitive sport. In that context, one needs to be winning races and have the ability to network with people to land sponsor(s). According to the Bureau of Labor Statistics, in 2012, the median pay for big-rig drivers was about $38,200. His licensed merchandise sales were highest among all drivers in 2018. What are the best states for car hauling? What is the highest paying truck driving company? How much does a Nascar truck engine cost? 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. Another interesting question on race car driver earnings: how much does . Tactical analysis: Can Manchester United switch to a 4-3-3 formation? Logano was the youngest-ever winner of a Cup race when he won at New Hampshire Motor Speedway when he was 19. It's called Green E15 because the racing fuel is actually green in color. THIS IS EPIC!!!! The gain was a welcome change for the race series where ratings are off nearly 50% over the past decade. 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. How much does a NASCAR truck team cost? A Formula 1 car does 0-100km/h in 2.6s, while an Indycar machine does this in 3s. Not enough data yet, please check again later. 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. Whereas the drivers make money depending on their skills, wins, and longevity in the sport. Our work never stops and we're as determined as ever. Once you acquire enough knowledge and experience with the team, you can get a base salary of $1, 00,000 per year. What are the best states for car hauling? 15. For instance, Kevin Harvick finished second in the Daytona 500 in 2015, giving him $1,157,195 in prize money for the event. 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). 8. He earned $17.5 million in 2018 by Forbes count from his Hendrick Motorsports salary and his cut of winnings and licensing. . If there's one form of motorsport where the per-event scale exceeds what a LeBron James earns on straight salary, it's F1. The total is off 36% from a decade ago (46% adjusted for inflation). However, this all changed two years later when the league got more secretive about their financial numbers. The typical NASCAR driver makes $5 million a year from all sources. So, instead of earning $5 for completing a drop-off, you'll make $15. When it comes to NASCAR jobs, where does all that fuel, er, money go? So, a trucking company can turn into a tremendous success. 4 car were second highest in Nascar last year. That said, we do have some info on NASCAR drivers salaries, thanks to SportsIllustrated.cnn.com. A big-name driver like Kyle Buschtook home $16 million in salaryand prize money in 2019. Please logout and login again. The typical NASCAR driver scored $2.57 million in race winnings in 2015. Drivers who transition from company drivers to owner-operators often earn more than six figures annually. The haulers that transport the car cost approximately $400,000 each and are replaced every five years. At the top of NASCAR racing this can amount to millions a year. These quieter moments before the weekend kicks off and engines start they never get old. Why median instead of average? Averages fall prey to being bent out of shape by the biggest numbers in the field. 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. 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. 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. 3. But with all of the sporting bans on tobacco advertising, you really saw all that money dry up rather quickly. No matter how skilled a racing teams technicians are, they still rely on communication from the driver to know how the car is performing. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup. Salary range: $33,000-$60,000 per year. During that time, they participate in practice and qualifying, attend team meetings, and make appearances with fans and sponsors. In NASCAR, there are 17 full-time teams, each of which can employ up to four full-time drivers. This value, however, was not wholly dependent on the outcome of a race. NASCAR drivers dont have the same multi-year deals that football players and basketball players get. Meanwhile, top NASCAR drivers earned as much as a $5 million salary during the nine month racing term. 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. Meanwhile, a driver can make $130,000 for one race if he finishes on top. The more technical knowledge a driver has, the greater the chances of knowing what to do if and when something goes wrong. NASCAR and F1 drivers earn their cash in slightly different ways, and the organizations have different opportunities. Take a look at the data below. NASCAR drivers also make money from winnings, endorsements and merchandise money. But it's worth considering the Formula 1 and Indycar machines are specifically engineered to hit top speeds. The #1 highest paid NASCAR driver is Dale Earnhardt Jr. Earnhardt made $23.6 million in 2015. The chief contributors to a NASCAR drivers salary are driver skill, number of wins, and consistency over time. 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. The costs to run a team in NASCAR are exorbitantly expensive. Salary: $58,862. According to the Simply Hired website, the average salary for a race car driver is $38,000 yearly as of 2011. Compare that to a big NBA star like LeBron James. 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. Owning a NASCAR team can be expected to be a very hefty investment. Various sources report that announcers employed by NASCAR make just under $40,000 per year . It gets harder every yeareven for proven winners and past champions. The size and location of the sticker determines how much a corporation pays the team owner. For that IndyCar driver, across the 16-race 2012 season, he earned $31,250 per event. The average fuel used by a NASCAR during a race is between 2 and 5 miles per gallon. The data in this article are based on available NASCAR winnings reported by sports statistics site Spotrac.com. The typical NASCAR driver scored $2.57 million in race winnings in 2015. Next among active drivers on that list is Joey Logano, who has won at least one race 11 consecutive seasons. First comes the desire to drive racing cars. The table below shows the top ten highest paid NASCAR drivers. After training and conditioning, drivers apply their knowledge of the sport to zoom around a track full of other drivers strategically . Despite the high-pressure nature of NASCAR racing, driver salaries are relatively low when you compare them to other major motorsports. When a racer crossed the finish line, their name appeared in the results with a monetary value. The following is a highlight of the average race day earnings and winning bonuses that NASCAR pit-crew members make: Recommended for you. Drivers are paid on their merit, records, and longevity in the sport. Since 2016, the company has kept race purses and prize money private. "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. Median means that half the drivers in the sport make more than that and half make less. You could say the salaries reflect the times, but that doesn't change the inherent danger in what we do. Top paid NBA, MLB and NFL players generally earn about twice the total money of a NASCAR driver in the highest salary bracket. Clint Bowyer finished 7th and got $437,178, and so on. The ten highest-paid Nascar drivers earned an estimated $120 million in 2019, a tick above 2018 but well below a decade ago when they banked a combined $180 million. A NASCAR race car costs between $20,000 and $100,000, depending on age and condition. Has A NASCAR Driver Led Every Lap Before? The first is to work your way up as an athlete or participant in the sport, and the other is to become a top expert in the field via other methods. 48 car. But even with that massive salary, he only finished 14 th in the championship, while Joey Logano, who won . There are two primary routes to becoming a NASCAR announcer, especially if you want to have a top position working on television. Through all these revenue sources, even the most inexperienced drivers with salaries of around $50,000 have many opportunities to increase their incomes. Like many professional athletes, NASCAR drivers work 50 to 60 hours a week. It costs money to do this stuff: Teams pay a $4,300 entry and inspection fee to have their primary car approved for competition during a NASCAR weekend. The total is off 36% from a decade ago (46%. Many announcers for NASCAR got their start within the industry either as drivers, crew chiefs or car designers or in other positions. That year, Dale Earnhardt. 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. Settling The Debate. Getting an internship with NASCAR and passing the test to obtain the competition license can be the possible road ahead. The average NFL salary is more than double the median. Kyle Busch: $14.7 million. 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. 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. They must also have some stage presence, or audiences will not enjoy watching or listening to them. As of Dec 31, 2022, the average annual pay for the Nascar Hauler jobs category in Soda Bay is $56,493 a 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. 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. 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. Then, make sure that you're available to work the entire Boost shift. How long does it take to get 1 million miles as a truck driver? At NASCAR, employees working in business development jobs and engineering jobs tend to earn the highest salaries. 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. For many of the top race car drivers in NASCAR, the big bucks comes not from salary, but from endorsements and win money. Owning a NASCAR team can be expected to be a very hefty investment. The top ten 2021 drivers earnt on average 10.4 million dollars. Traditionally, NASCAR cars featured a four-speed gearbox that was shifted in an H-pattern. The 2017 Cup champion landed on his feet with a multi-year deal with Joe Gibbs Racing. 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