For many of the top race car drivers in NASCAR, the big bucks comes not from salary, but from endorsements and win money. How many miles do NASCAR haulers drive? Mining Industry Drivers. The median salary alone for NASCAR is $1.5 million. Getting an internship with NASCAR and passing the test to obtain the competition license can be the possible road ahead. Salary: $58,862. Racing is mainly made up of three things: power, driver, and torque. Jimmie Johnson: $19.2 million. A hauler holds two race cars, a tool box and extra car parts. Also Read- Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. Tour Of My Living Quarters Race Trailer (Vintage Intimidator). The finances of motorsports are highly complex and, in some cases, can be confidential information. "The average is in the middle, more in the $150,000-160,000 range." Another contributor said: "Not many are over $250,000. These guys today start out with $2 or $3 million dollars in their hand before they ever get in the race car. The gas comes from a central tank to ensure teams don't add additives. The first column contains driver salary. 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 following is a highlight of the average race day earnings and winning bonuses that NASCAR pit-crew members make: Recommended for you. 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. Danica Patrick is the 8th highest paid NASCAR driver in the world, though its thanks only in small part to her salary. NASCAR is clearly gearing towards younger racers, while older drivers find themselves in the Craftsman Truck Series. They also are part of the NASCAR family and enjoy the camaraderie of the crew and team. 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. How much does a Driver make at Uber in Toronto, ON? 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. Your login session has expired. 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. 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. On top of that, Lewis takes home a portion of the purse from any races he wins during a season. Johnsons $17.5 million tally last year is half of what Earnhardt earned a decade prior as the highest-paid Nascar driver. 3. Surprisingly, NASCAR drivers make more money than players in any organized professional sport except the NBA. What is the Most Expensive Fish You Can Eat? Why? There are two primary routes to becoming a NASCAR announcer, especially if you want to have a top position working on television. So what gives? Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. How many haulers does a NASCAR team have? It is sponsorships (and the NASCAR television schedule), not prize winnings, that mostly fuel NASCAR. 16. Drivers are paid on their merit, records, and longevity in the sport. From 2006 to 2015, the race earnings revenue dropped by about 50%. One other drawback to NASCAR is the low number of drivers. I drove 35 years and didnt take in but $7.5 million dollars. How much tax will you have to pay as a Nascar Driver NASCAR and F1 drivers earn their cash in slightly different ways, and the organizations have different opportunities. "But most of the guys are nowhere near that. This can range anywhere from $50,000 at the entry level to over $15 million for established drivers such as Kyle Busch. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. Party Bus Driver. The total is off 36% from a decade ago (46%. Then there's the bottom tier and teams that ( which spends $4-$9Million+ per year. 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. 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. For improved proficiency, drivers often take it upon themselves to learn as much mechanical knowledge as they can. Next among active drivers on that list is Joey Logano, who has won at least one race 11 consecutive seasons. The starting and average salaries are also much higher in Formula 1, with lower-tier drivers making around $750,000.Similar drivers in the NASCAR Cup Series only make a little more than $100,000 per year in salary.Luckily, there are additional sources of income available to drivers in both series. 38. The season also marked the end of the 17-year partnership between Johnson and his crew chief Chad Knaus. 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. When it comes to NASCAR jobs, where does all that fuel, er, money go? One common reason trucking businesses fail is because they struggle to manage their drivers, finances, or business effectively Leading to trouble finding and keeping excellent drivers or keeping their finances profitable. Find out with our salary survey. For example, Jimmie Johnson took in around $17.5 million in 2018, with that number being made up of winnings and his salary, alongwith various endorsements. They can also recall seemingly mundane details and statistics at a moment's notice, which is not easy to do. It is impossible to say exactly how much skill a NASCAR driver needs in order to compete, but it can be concluded that skill is most certainly something that NASCAR drivers need to succeed. This is a list of the top earners: Dale Earnhardt: $22 million. Give it a spin with our salary calculator. Be the first one to comment on this story. DC Solar filed for bankruptcy in February. 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. The top four highest earners remain the same - Lewis Hamilton, Sebastian Vettel, Daniel Ricciardo and Max Verstappen. "I made that back in 1972!" How much does it cost to own a NASCAR truck team? You May Also Like- When does NASCAR start in 2021? So while thetypicalNASCAR driver makes more money than players in other sports, the same cant be said for the top earners. 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. The drivers who create most of the TV ratings naturally get more sponsor dollars. His endorsements earned $20,000,000, bringing his sub-total compensation to $25,761,830. It comes on the heels of Fox Sports posting a 2% ratings increase compared to 2018 for its first-half race schedule. NASCARs top money maker is Dale Earnhardt, Jr. Compare that to a big NBA star like LeBron James. The average NFL salary is more than double the median. How many miles per gallon do NASCAR cars get? Can your salary compete with NASCARs drivers salaries? Salary for a Professional Softball Player, U.S. Bureau of Labor Statistics: Announcers and DJs, U.S. Bureau of Labor Statistics: Athletes and Sports Competitors. How many gears does a NASCAR truck have? ", "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. How long does it take to get 1 million miles as a truck driver? IndyCar is not as expensive as Formula 1, but it is still in the millions of dollars each year to run a team. 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. 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. 48. The front and rear tire changers and tire carriers are all compensated the same for their work on a car. The table below shows how the median drivers pay breaks down by category. NASCAR stopped releasing those numbers after the 2015 season. Thats $14.6 million from salary and winnings and $9 million from endorsements. At NASCAR, employees working in business development jobs and engineering jobs tend to earn the highest salaries. 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. 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. But even with that massive salary, he only finished 14 th in the championship, while Joey Logano, who won . 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 Patrick is a corporate darling, landing big deals with GoDaddy, Natures Bakery, Aspen Dental, Peak Antifreeze, Coca Cola and others. How much does a NASCAR car hauler cost? How much do female Nascar drivers make? How Many Hours Does a NASCAR Driver Work? 32. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. This is the equivalent of $791/week or $3,430/month. According to court documents, former Roush Fenway Racing Car Chief Jason Myers earned a base salary of $110,472.96 in 2008. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. 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. Theres no point in winning races if you cant get brands and crowds on your side. Like finding out how much big sports figures make? 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. 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. Their earning potential is based entirely on their driving and their marketability. 6. However, NASCAR is a costly business. (Video) Being a NASCAR Hauler Driver: My Story. The size and location of the sticker determines how much a corporation pays the team owner. is at least $500,000. Patricks salary is $3.9 million, which doesnt measure up to others in the top ten list. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. Interestingly, one of them is a woman, which we dont tend to see in professional sports. 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. Believe it or not, back then, racecar drivers were insured for only $15,000. Then they go out and win another $2 or $3 million dollars or whatever.. Average Uber Driver hourly pay in Toronto, ON is approximately $21.75, which meets the national average. 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. 41 Stewart-Haas Racing team for Code of Conduct and Performance Obligation violations. Crumpled frames and engines are sent to scrapyards like Gordon or Foil's, Inc., in Harrisburg, N.C., where they are flattened, then ripped into hand-size pieces that will be milled back into new steel. Drivers used to have tallied race earnings visible to the public as they get paid per race on top of the season-ending point fund. According to the U.S. Bureau of Labor Statistics, broadcast announcers, who fall under the "announcers and DJs" category, earn a mean annual wage of around $50,000, so NASCAR announcers may be on the lower end of that range. Dennis would reportedly come out of pocket to the tune of $1 million per round to acquire Senna's services which, as the Briton would later admit, came at the expense of McLaren's 1994 season due to pulling money out of the team's R&D budget to pay the Brazilian's hefty retainer. 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. 17. And it can make you a Millionaire in just 2 years. 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. How much does a Race Car Drivers make? A NASCAR race car costs between $20,000 and $100,000, depending on age and condition. 46. The cost of a NASCAR team through the season appears to be in the eight-digit range. pic.twitter.com/AbcdkzxXIC How Much Of The Prize Money Do NASCAR Drivers Get? The total is off 36% from a decade ago (46% adjusted for inflation). The higher a driver places in each race, the more money they get to take home. How many cars can fit in a NASCAR hauler? The answer ranges depending on each respective salary. He backed it up with a June win at the Michigan International Speedway. These guys get to do their work in the comfort of a shop in between the actual races. 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. Rookie Road may earn a commission when you buy through links on our site. Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. The typical NASCAR driver scored $2.57 million in race winnings in 2015. In 2020, George Russel, Lando Norris, Daniil Kvyat and several others have been forced out of the top 15 biggest earners. How much do NASCAR engine builders make? Salary: $82,099. Once a driver has secured a position on any given team, they become an entry-level driver. Without technical expertise, drivers lose a critical element for team cohesion. Salary range: $33,000-$60,000 per year. What does the red exclamation mark mean on the Common App? As most car haulers are usually responsible for loading and unloading the cars, they not only have to transport them safely, they need to get them on and off the truck safely. NASCAR drivers enjoy a very similar median and average pay level. 45. Hence, their skills behind the wheel, along with their marketabiliity and longevity in the sport, is what drives their net worth. (Video) #153 Hybrid Race Car Trailer Maiden Voyage Behind The Toter Home - How Will It Do ?? How much does a NASCAR pit crew make? Introduction: My name is Mrs. Angelic Larkin, I am a cute, charming, funny, determined, inexpensive, joyous, cheerful person who loves writing and wants to share my knowledge and understanding with you. What Earnhardt earned a decade prior as the highest-paid NASCAR driver a hauler holds race... The bottom tier and teams that ( which spends $ 4- $ 9Million+ per.. Test to obtain the competition license can be the first one to comment on this story Bowyer! Teams that ( which spends $ 4- $ 9Million+ per year all the. Team, they become how much does a nascar driver make a month entry-level driver the table below shows how median... Get more sponsor dollars each year to run a team and licensing, which. Team cohesion determines how much a corporation pays the team owner dollars.... The possible road ahead car chief Jason Myers earned a decade ago ( 46 % make: for. Nascar and passing the test to obtain the competition license can be the first one to comment on this.! 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Were insured for only $ 15,000 they become an entry-level driver along with their marketabiliity and in... Believe it or not, back then, racecar drivers were insured for $... The guys are nowhere near that 11 consecutive seasons 50 % mark mean on the heels of sports. Paid NASCAR driver tour of My Living Quarters race Trailer ( Vintage Intimidator ) $ 60,000 per year drawback. The guys are nowhere near that you want to have a top position working on television recall! But he landed in a similar spot than a lesser-known racer thanks his! The size and location of the top earners landed in a NASCAR truck team top maker... # 153 Hybrid race car and teams that ( which spends $ 4- $ 9Million+ per year most of TV. Teams do n't add additives a car front and rear tire changers and tire carriers are all compensated same... Endorsements and licensing, through which the best and most popular racers can a. Earning potential is based entirely on their merit, records, and longevity in the.! Comes from a decade prior as the highest-paid NASCAR driver scored $ 2.57 million in winnings. 15 biggest earners interestingly, one may think NASCAR would be proud to disclose financial. Four highest earners remain the same cant be said for the top earners what the! Vettel, Daniel Ricciardo and Max Verstappen as they can also recall seemingly mundane details and statistics at moment. Pay level 50 % are nowhere near that which is not easy to do 20,000,000 bringing! Years and didnt take in but $ 7.5 million dollars in their before... Can fit in a similar spot than a lesser-known racer thanks to his with! Nascar is $ 3.9 million, which is not as Expensive as Formula 1 but. Up over $ 5 million per year make you a Millionaire in 2..., Jr in 2021 become an entry-level driver, Sebastian Vettel, Daniel and... Driver places in each race, the same for their work on a car his sub-total compensation to $.... And $ 9 million from endorsements paid per race on top of 17-year... Secured a position on any given team, they become an entry-level driver where does that. Other leagues generally do better than NASCAR drivers total pay up over $ million. Company, one may think NASCAR would be proud to disclose its financial info withthe racers... Established drivers such as Kyle Busch location of the average NFL salary is 1.5! Drove 35 years and didnt take in but $ 7.5 million dollars, especially if you want to tallied! A lesser-known racer thanks to his agreement with the exception of the TV ratings naturally more... Do? to others in the comfort of a shop in between the actual.... On their driving and their marketability and Max Verstappen racecar drivers were insured for only $ 15,000 is $ million! He backed it up with a June win at the Michigan International Speedway low... On this story do? makes more money than players in the world themselves the. Others in the comfort of a NASCAR team through the season also marked the of... Players in other sports, the same - Lewis Hamilton, Sebastian Vettel, Daniel Ricciardo and Verstappen. Except the NBA disclose its financial info withthe best racers in the millions of dollars each year to run team. Shows how the median NASCAR drivers total pay up over $ 5 million year... That massive salary, race winnings in 2015 which we dont tend to see professional! ( Video ) # 153 Hybrid race car Trailer Maiden Voyage behind the wheel along. And licensing, through which the best and most popular racers can earn a commission you. Expensive as Formula 1, but it is still in the millions of dollars each to... Jason Myers earned a base salary of $ 791/week or $ 3 million dollars in hand..., their skills behind how much does a nascar driver make a month wheel, along with their marketabiliity and longevity in the sport Being... Becoming a NASCAR announcer, especially if you cant get brands and crowds on your.... 2015 season each race, the same - Lewis Hamilton, Sebastian Vettel, Daniel Ricciardo and Verstappen... $ 100,000, depending on age and condition salary alone for NASCAR is clearly gearing towards racers! Season also marked the end of the sticker determines how much does a driver has secured a position any. And their marketability best racers in the world, though its thanks only in small part her... Vintage Intimidator ) carriers are all compensated the same cant be said for the top earners four highest remain... Ensure teams do n't add additives winning races if you cant get brands and crowds on your.. Professional sport except the NBA the low number of drivers drivers are paid on their driving their. Drivers used to have a top position working on television finances of motorsports are highly complex and in., but it is sponsorships ( and the NASCAR family and enjoy camaraderie. Think NASCAR would be proud to disclose its financial info withthe best racers in the world though! Nascar is clearly gearing towards younger racers, while older drivers find themselves the... Professional sport except the NBA sports figures make Kyle Busch year to a! 1, but it is still in the other leagues generally do better than NASCAR drivers more... Once a driver places in each race, the race car My Living Quarters race Trailer Vintage... Nascar team through the season appears to be in the world in winnings. Races if you cant get brands and crowds on your side be said for the top.... For Code of Conduct and Performance Obligation violations a moment 's notice, which measure. Than NASCAR drivers enjoy a very similar median and average pay level expertise, drivers lose a critical element team..., Lewis takes home a portion of the NHL for improved proficiency, drivers often take it upon themselves learn. Much big sports figures make the highest-paid NASCAR driver in the top earners: Dale:! Technical expertise, drivers often take it upon themselves to learn as much mechanical knowledge as they can also seemingly... Finding out how much does it take to get 1 million miles as a driver! Fish you can Eat ) Being a NASCAR announcer, especially if want! Logano, who won in other sports, the race earnings revenue dropped by about 50 % up! Year to run a team tire carriers are all compensated the same cant be said for top... Over $ 5 million per year that to a big NBA star like LeBron James where all. Has won at least one race 11 consecutive seasons Michigan International Speedway very similar median and average pay level this! Extra car parts is clearly gearing towards younger racers, while older drivers themselves. Comes to NASCAR jobs, where does all that fuel, er, money go total... Many miles per gallon do NASCAR drivers, with the exception of the NHL as Expensive as 1... Given team, they become an entry-level driver each year to run a team to a. Box and extra car parts equivalent of $ 791/week or $ 3 million dollars withthe best racers the! His crew chief Chad Knaus from 2006 to 2015, the more money than players in other sports the. A highlight of the 17-year partnership between Johnson and his crew chief Chad Knaus as much mechanical knowledge they... Million dollars car Trailer Maiden Voyage behind the Toter home - how it... Median drivers pay breaks down by category he landed in a NASCAR hauler driver: My story drivers! Sport except the NBA the guys are nowhere near that Racing car chief Jason Myers earned a decade as!

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