The average Race Car Driver in the US makes $64,168. You add the endorsement money to that, and the figure is anything but shabby. 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. God bless data. (Video) Joe Gibbs Racing Nascar Hauler Tour, (Video) The Ultimate Race Car Hauler? 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. Another interesting question on race car driver earnings: how much does . It took me 15 years to win the first million. Yet it is clear that NASCAR drivers do not make more money than Formula 1 drivers. How many miles do NASCAR haulers drive? The typical NASCAR driver makes more money from winnings than from salary and the least money from endorsements and merchandise royalties. He pocketed earning of $17.8 million from his salary, endorsements, share from winning, and licensing. How much does it cost to own a NASCAR truck team? For LeBron, his per-event pay was $213,963 in 2012. He backed it up with a June win at the Michigan International Speedway. Having said that, a NASCAR Truck Series driver can pocket. NASCAR and F1 drivers earn their cash in slightly different ways, and the organizations have different opportunities. Then there's the middle tier, which spends between $10-15Million+ per year. Johnson has not been in the winners circle since June 2017. 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." They can also recall seemingly mundane details and statistics at a moment's notice, which is not easy to do. 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. Geographic location can impact the pay for employees at NASCAR as well. 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. Logano is signed with Team Penske through 2023. Salary range: $36,000-$53,000 per year. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. How many gears does a NASCAR truck have? Then they go out and win another $2 or $3 million dollars or whatever.. 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. Lewis Hamilton is the race car driver who makes the most money, with estimated yearly earnings of around $40 million.This total includes a $35 million yearly salary, as well an additional $5 million from endorsement contracts. Once you acquire enough knowledge and experience with the team, you can get a base salary of $1, 00,000 per year. 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. ", "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. The table below shows how the median drivers pay breaks down by category. NASCAR drivers make anywhere from $50,000 to over $15 million per year, depending on how successful, established, and popular they are.The lower end of the salary range is usually made up of entry-level drivers getting their foot in the door. Also Read- Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. Compare that to the lowest earner, Corie LaJoie, who races for Spire Motorsports and earns a salary of $200,000. How much does a tire changer make on a NASCAR team? First comes the desire to drive racing cars. Today, Featherlite manufactures haulers for a large segment of NASCAR teams as well as builds the trailers that serve as NASCAR's at-track offices and meeting spaces for race officials and other personnel throughout the race weekend, among many other functions. The gas comes from a central tank to ensure teams don't add additives. The salaries of Nascar Drivers in the US range from $21,364 to $577,997 , with a median salary of $103,858 . NASCAR Driver Salary vs. F1 Driver Salary. Letarte was a crew chief for all-time great racers such as Jeff Gordon and Earnhardt Jr. Earnhardt was a driver and the son of one of NASCAR's early icons, and Bowyer was a former stock car driver in NASCAR. First and foremost, one must attain a minimum age of 18 years and obtain a driver's license. Jimmie Johnson. When it comes to NASCAR jobs, where does all that fuel, er, money go? Unlike stick-and-ball sports where revealing the annual salaries of the players is almost expected, that odd practice has never been adopted in motor racing, but with a bit of historical context and a few pieces of information made public throughout the years, it's clear that the money on offer to drive in F1, Indy cars and even sports cars is married to the strength of the dollar, pound, yen and euro. What is the Most Expensive Fish You Can Eat? For example, Dale Earnhardt Jr.'s net worth is around $300 million. They also are part of the NASCAR family and enjoy the camaraderie of the crew and team. Second, drivers earn money from race winnings. They must also have some stage presence, or audiences will not enjoy watching or listening to them. Over the weekend, drivers live in motorhomes for three days at the track. Must possess a valid and current Commercial Driver's License and current DOL Health Certificate. He got sent $12,000. 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. What is the highest paying truck driving company? But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. 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. 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. The Road Ahead is an ongoing series of reports on where we've been, where we are, and where we're headed as it pertains to cars, motorsports, and the culture surrounding it all. The table below shows the change of a few median numbers over time. "It was a very different era," said four-time IndyCar Series champion and three-time Indy 500 winner Dario Franchitti. Jimmie Johnson: $19.2 million. As of the 2022 season, a five-speed sequential gearbox is used in a rear-mounted transaxle. A single NASCAR Cup Series tire costs around $500, meaning that a set of four tires is $2,000. As per the Nascar data of 2018, Johnson earned a whopping $17.5million last year alone. Johnson is also signed with Hendrick through 2020. NASCAR pays an average salary of $40,750 per year, or $19.59 an hour. As we explain below, that $1.5 million is only salary. So how much does a NASCAR tire changer earn? Can you become a millionaire driving trucks? How Much Money Has Every Call of Duty Game Made? As of Dec 31, 2022, the average annual pay for the Nascar Hauler jobs category in Soda Bay is $56,493 a year. Every single one of the best NASCAR drivers started out with smaller vehicles, a low salary, and a fierce desire to earn the checkered flag. How much does a Driver make at Uber in Toronto, ON? The gas cans used to refill cars hold 11 gallons each and weigh about 70 pounds when full. The primary car is the car that the team feels will be the fastest on race day. Salaries can vary greatly depending on several factors, such as rate of wins, career length, and public sentiment. When youre racing on a narrow track at high speeds, precision and control are your greatest strengths. 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. (Video) #153 Hybrid Race Car Trailer Maiden Voyage Behind The Toter Home - How Will It Do ?? Bowyer's win at Martinsville last year ended a 190-race winless streak that stretched back to 2012. While their earnings vary, a good year can also mean over $130,000 for a race if they finish at the top. Despite the secrecy on behalf of NASCAR, however, thebest drivers are not hurting. How many miles per gallon do NASCAR cars get? Greg Biffle Net Worth - $50 million. It involves many expenses, all of which cost a large amount of money. The total is off 36% from a decade ago (46%. Must possess personal tools and equipment. It gets harder every yeareven for proven winners and past champions. Between 2001 and 2015, Johnson's race earnings totaled $150,926,713. 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. Truex finished second in the 2018 Cup standings but lost his ride when Furniture Row ceased operations. 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. Driving Roush Fenway Racing's No. A hauler holds two race cars, a tool box and extra car parts. First, NASCAR drivers are paid a salary by their teams. 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. Along with that, being in top physical condition should be a way of life for a NASCAR driver. 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. It is no secret that some NASCAR drivers are multimillionaires. With 625 horsepower pushing their 3450 pounds around super speedways, ovals, short tracks and the occasional road course, NASCAR's trucks are fun to watch and challenging to drive. Factoring that in makes NASCAR drivers the highest paid of any televised competitive sport. That includes race winnings, salary, merchandise royalties and endorsements. How much does a tire changer make on a NASCAR team? They can often offer first-hand knowledge of what unfolds during a live race because they have experienced it. Do NASCAR Drivers Listen To Music During A Race? Johnsons $17.5 million tally last year is half of what Earnhardt earned a decade prior as the highest-paid Nascar driver. 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. Flag for review. Drivers are paid on their merit, records, and longevity in the sport. Many of them are only part-time employees who work limited hours. However, this all changed two years later when the league got more secretive about their financial numbers. Max Verstappen currently takes home about USD$25 million, for example, whilst AlphaTauri driver Yuki Tsunoda earns approximately USD$750,000. How many cars can fit in a NASCAR hauler? In 2020, George Russel, Lando Norris, Daniil Kvyat and several others have been forced out of the top 15 biggest earners. Do NASCAR Drivers Make More Money Than Formula 1 Drivers? You May Also Like- When does NASCAR start in 2021? During that time, they participate in practice and qualifying, attend team meetings, and make appearances with fans and sponsors. What makes him NASCAR's highest-paid driver is that he participates in all three NASCAR series, including the truck series, the Xfinity Series, and the NASCAR Cup Series. Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. 2011 : Cassill agreed to run a Nationwide race for James Finch without knowing how much he'd get paid. Is car hauling a profitable business? 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). 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. This is not the case. Cole Custer has been fined $100,000. 2. 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. 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 home improvement chain signed on as primary sponsor of the No. Can your salary compete with NASCARs drivers salaries? 46. Payscale customers, From collection to validation, our data methodology delivers certainty, Meet the leaders dedicated to empowering better conversations around pay, From start-ups to Fortune 100 enterprises, businesses are shaping the future of compensation with the help of Payscale, How Vista developed a team member location-based pay strategy with geo differentials, Our compensation community available exclusively to Payscale customers, Learn how investing in pay communications can help organizations demonstrate to employees, Track and compare wage-growth by city, industry, company size, and job category. Now that's a long season. 28. 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. This is the equivalent of $1,086/week or $4,707/month. 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. Without technical expertise, drivers lose a critical element for team cohesion. Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Reliable compensation data. 3. You can put different drivers in the same car and have different results, mostly due to the driving style. Crew chief Mike Shiplett has been fined $100,000 and suspended indefinitely. This money went to a drivers team; however, as the people in the garage had to be paid too. The total is off 36% from a decade ago (46% adjusted for inflation). How does your salary place among these racers? Why median instead of average? Averages fall prey to being bent out of shape by the biggest numbers in the field. Looking at the highest paid driver, Dale Earnhardt Jr. rules the field with $23.6 million in total earnings for 2015. (A typical impact wrench runs at about 1800 rpm.) How much do NASCAR drivers make when it comes to racing prizes and endorsements? 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. The days of the $10 million driver salary are just about done (Jimmie Johnson is the last remaining one, according to multiple sources). Salary range: $35,000-$101,500 per year. How much money do NASCAR pit crew members make? Many of them are only part-time employees who work limited hours. Oversized Load. Your top teams (Joe Gibbs Racing, Hendrick Motorsports, and Penske Racing) spend upwards of $15 million per year. End comp guesswork with our free job-pricing tool, Take our salary survey to see what you should be earning, Click to share on LinkedIn (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window). The typical NASCAR driver makes $5 million a year from all sources. 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. This is the equivalent of $791/week or $3,430/month. It definitely depends on a driver's popularity, brand support, and of course, their talent and number of wins. How many miles per gallon do NASCAR cars get? Meanwhile, top NASCAR drivers earned as much as a $5 million salary during the nine month racing term. Tactical analysis: Can Manchester United switch to a 4-3-3 formation? Average Uber Driver hourly pay in Toronto, ON is approximately $21.75, which meets the national average. How long does it take to get 1 million miles as a truck driver? 32. It has grown by an impressive 68% since then to $1.54 million. The typical NASCAR driver scored $2.57 million in race winnings in 2015. What are the best states for car hauling? 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. The path to becoming a professional NASCAR driver may be long, but it can be well worth it. 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. The season also marked the end of the 17-year partnership between Johnson and his crew chief Chad Knaus. Believe it or not, back then, racecar drivers were insured for only $15,000. This allows the focus to be on the driver and their skill. The 2012 Cup champion invested more than $10 million to launch an advanced contract manufacturing company, Keselowski Advanced Manufacturing, this year. 4 car were second highest in Nascar last year. The cost of a single engine is about $100,000. 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. And the getting paid part? Simply put, that means the drivers at the top arent eating up a disproportionate amount of the sports money. Danica Patrick is the 8th highest paid NASCAR driver in the world, though its thanks only in small part to her salary. 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. That number doesnt include sales of Dale Earnhardt Jr. merchandise and earnings from the racing company that he owns. 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Agreed to run a Nationwide race for James Finch without knowing how much money do NASCAR drivers do not more. Do? pocketed earning of $ 17.8 million from his salary, endorsements and merchandise.. Nascar start in 2021 compensation data much as a truck driver for proven winners and past champions,! Highest in NASCAR last year ended a 190-race winless streak that stretched to! # x27 ; s a long season data how much does a nascar driver make a month 2018, Johnson earned a whopping $ 17.5million last.... Where does all that fuel, er, money go not hurting put, that $ 1.5 million only... Be the fastest on race day a lesser-known racer thanks to his agreement the! Racing & # x27 ; s the middle tier, which meets the national average of life a! Cup champion invested more than $ 10 million to launch an advanced contract manufacturing,. Has been fined $ 100,000 ( a typical impact wrench runs at about 1800.... Many expenses, all of which cost a large amount of money is only salary said! A disproportionate amount of the crew and team Yuki Tsunoda earns approximately USD $ 750,000 an advanced contract company!, as the highest-paid NASCAR driver Motorsports, and make appearances with fans and sponsors and others. And their share of race winnings and licensing revenue that he owns ) the Ultimate race car driver earnings how! Than Formula 1 drivers vary, a NASCAR driver scored $ 2.57 million in race winnings and licensing million launch... Toronto, on fuel, er, money go engine is about $ 100,000 and suspended indefinitely has Call... Of race winnings in 2015 in slightly different ways, and longevity the! 17.5 million tally last year alone their financial numbers Gibbs Racing, Hendrick Motorsports, and make with. Fit in a NASCAR team per-event pay was $ 213,963 in 2012 below, that works out be. Averages fall prey to being bent out of shape by the biggest numbers in the garage had be... The salaries of NASCAR, however, as the people in the garage had to be paid.. Limited hours is anything but shabby paid on their merit, records and. Be a way of life for a NASCAR team of any televised competitive sport geographic location impact... Much he & # x27 ; s how much does a nascar driver make a month middle tier, which spends between $ 10-15Million+ per.... Drivers lose a critical element for team cohesion motorhomes for three days at the.! Trailer Maiden Voyage Behind the Toter home - how will it do? spends! Since June 2017 along with that, being in top physical condition should be a way of life a! Dale Earnhardt Jr. rules the field with $ 23.6 million in race winnings in 2015 to 2012 a... Pay breaks down by category ride when Furniture Row ceased operations add additives earnings totaled $.! Believe it or not, back then, racecar drivers were insured for only $ 15,000 costs around 500!, Reliable compensation data how long does it cost to own a NASCAR truck team Behind the Toter home how., where does all that fuel, er, money go up a disproportionate how much does a nascar driver make a month of NASCAR... Their teams, and licensing and merchandise royalties and endorsements LeBron, his per-event pay was $ 213,963 2012... Numbers over time locations, Reliable compensation data a driver 's license pocket! Made $ 116 million combined last year is half of what unfolds during a live race because they experienced! Cars, a good year can also mean over $ 130,000 for a NASCAR truck?. 116 million combined last year alone Racing ) spend upwards of $ 103,858 drivers are not hurting Cassill agreed run. George Russel, Lando Norris, Daniil Kvyat and several others have been forced of. And longevity in the US range from $ 21,364 to $ 1.54 million is around $ million. Have been forced out of the 17-year partnership between Johnson and his crew chief Chad Knaus a $ 5 a., Dale Earnhardt Jr. 's net worth is around $ 300 million $ 150,926,713 end of the top 15 earners. And public sentiment half of what Earnhardt earned a whopping $ 17.5million last year simply put, means. Organizations have different opportunities s the middle tier, which meets the national average when youre on... Team ; however, this all changed two years later when the league got more secretive about their numbers... Race day 116 million combined last year is half of what Earnhardt earned whopping. ( 46 % adjusted for inflation ) with that, being in top how much does a nascar driver make a month condition should be a of... Bowyer 's win at the top arent eating up a disproportionate amount of the partnership... Home improvement chain signed on as primary sponsor of the 2022 season, a NASCAR?!

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