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. 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. A job as a rookie mechanic can bring in an average salary between $45,000-$65,000 per year. Johnson has not been in the winners circle since June 2017. But is that the real story? Flag for review. 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. 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. 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. Kyle Busch. According to court documents, former Roush Fenway Racing Car Chief Jason Myers earned a base salary of $110,472.96 in 2008. The primary sources for engines in NASCAR are Toyota Racing Development, Earnhardt Childress Racing, Hendrick Motorsports and Roush Yates Racing. Hence, their skills behind the wheel, along with their marketabiliity and longevity in the sport, is what drives their net worth. How much does a NASCAR truck team cost? According to the Fox Sport announce team, several drivers stick their hand right up by the opening of the window net remember that NASCAR race cars don't have windows on the driver side for safety reasons to try to reduce the amount of air flowing into the cockpit. 16 Ford Fusion is Greg Biffle, one of the richest NASCAR drivers in the game. Theres no point in winning races if you cant get brands and crowds on your side. Meanwhile, a driver can make $130,000 for one race if he finishes on top. New drivers tend to earn six-figure annual salaries, but that figure can easily reach multiple millions depending on wins and endorsements. 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. This can range anywhere from $50,000 at the entry level to over $15 million for established drivers such as Kyle Busch. The typical NASCAR driver scored $2.57 million in race winnings in 2015. 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. thanks for the info lucas Oct 09, 2018. Party Bus Driver. Salary: $95,999 - $110,000 per year. The teams receive 25% of the television revenue 2022 is the eighth year of a 10-year, $8.2 billion deal while the tracks get 65% and NASCAR gets 10%. How much does a Top Fuel pit crew make? One surprising thing about her is that shes on the bottom end of the top ten highest paid NASCAR drivers with $7.8 million in salary in winnings, but she more than makes up for it with endorsement deals of $6 million a year total. 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). Logano was the youngest-ever winner of a Cup race when he won at New Hampshire Motor Speedway when he was 19. 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. How Much Do NASCAR Drivers Make Each Year? Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. What is the highest paying truck driving company? Top paid NBA, MLB and NFL players generally earn about twice the total money of a NASCAR driver in the highest salary bracket. 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. On the other hand, some people learn so much about the sport that their opinions become indispensable. Ultimately though it was the late Ayrton Senna, in his final year of driving for the McLaren team, that set the modern standard for F1 driver income. The costs to run a team in NASCAR are exorbitantly expensive. Deals that were once done on a handshake will now be penned via a three-year contract by a professional human resources coordinator.. 10. FedEx has been part of Joe Gibbs Racing since 2005 and is the lone primary sponsor for Hamlin's car. The table below shows the top ten highest paid NASCAR drivers. His licensed merchandise sales were highest among all drivers in 2018. 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. How much do NASCAR tires cost? 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. Wins can net $100,000 or more per race, but if a driver wants to obtain a multimillion-dollar salary, they have to win consistently and become a crowd favorite. Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. What does it take to become a professional NASCAR driver? That year, Dale Earnhardt. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup. If there's one form of motorsport where the per-event scale exceeds what a LeBron James earns on straight salary, it's F1. When youre racing on a narrow track at high speeds, precision and control are your greatest strengths. The most an athlete will likely earn for a single race once everyone else is paid, however, is less than a million when taking out the sponsorship money. Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. 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. At the top of NASCAR racing this can amount to millions a year. So what gives? Be the first one to comment on this story. It usually costs between $3 and $10 million to run an IndyCar team for a year. Once a driver has secured a position on any given team, they become an entry-level driver. The 2017 Cup champion landed on his feet with a multi-year deal with Joe Gibbs Racing. The following is a highlight of the average race day earnings and winning bonuses that NASCAR pit-crew members make: Recommended for you. Next among active drivers on that list is Joey Logano, who has won at least one race 11 consecutive seasons. These guys today start out with $2 or $3 million dollars in their hand before they ever get in the race car. 23. It involves many expenses, all of which cost a large amount of money. 4 car were second highest in Nascar last year. So, most teams that can afford two haulers, will load up their cars and start the adventure out to the West Coast. The table below shows median NASCAR pay by year. The haulers that transport the car cost approximately $400,000 each and are replaced every five years. 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. Road & Track participates in various affiliate marketing programs, which means we may get paid commissions on editorially chosen products purchased through our links to retailer sites. Then, with a verifiable display of talent and success, comes the desire to get paid to drive those racing cars. Various sources report that announcers employed by NASCAR make just under $40,000 per year. The highest-earning driver at the moment, Kyle Busch, currently has a contract with Joe Gibbs Racing and a salary of $16.9 million. How many miles per gallon do NASCAR cars get? As per the Nascar data of 2018, Johnson earned a whopping $17.5million last year alone. He's won many championships and awards and earned the title of "Most Popular Driver" during the 2002 NASCAR Busch Series. Has A NASCAR Driver Led Every Lap Before? The first column contains driver salary. Furthermore, the numbers were affected by the sponsorships on the car, which favored the more prominent names. Much of this came from his time as a driver. For instance, Kevin Harvick finished second in the Daytona 500 in 2015, giving him $1,157,195 in prize money for the event. For improved proficiency, drivers often take it upon themselves to learn as much mechanical knowledge as they can. Also Read- Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. 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. Surprisingly, NASCAR drivers make more money than players in any organized professional sport except the NBA. The cost of a single engine is about $100,000. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. A hauler holds two race cars, a tool box and extra car parts. The desire part is easy. Up until 2016, reports The Gazette, thecomplex numbers behind a NASCAR racewere public knowledge. The days of the $10 million driver salary are just about done (Jimmie Johnson is the last remaining one, according to multiple sources). Instant access. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. Second, drivers earn money from race winnings. With all this television coverage come the big money and high annual salaries. According to the Simply Hired website, the average salary for a race car driver is $38,000 yearly as of 2011. Every hauler has two cars loaded on it. Race car drivers make anywhere between nothing and $40 million per year, depending on their level of success and racing series.All around the world, amateur racers compete at local tracks with only their passion as their reward. 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. A single NASCAR Cup Series tire costs around $500, meaning that a set of four tires is $2,000. Racing is mainly made up of three things: power, driver, and torque. Being a middling NASCAR driver can make a team millions if they have the right combination of skill and sponsorship. NASCAR may have a bit further to go in terms of race. In the NBA, NFL, MLB and NHL, the top ten or twenty earners throw the averages out of whack. Formula 1 single-race prizes are smaller than those of NASCAR, and the season has 15 fewer races thanNASCARs 38, so there arent as many opportunities for drivers to win prize purses.Additionally, recently F1 has not had much parity, with most of the races won by the same few drivers. 2023 Payscale, Inc. All rights reserved. Do NASCAR Drivers Count As Professional Athletes? For comparison, five wins and 14 top-5s in 2015 brought just $8,152,877. Reviews: 82% of readers found this page helpful, Address: Apt. 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. They may not be required to move as fast as the pit crew, but they make up for it with extreme accuracy. Since 2016, the company has kept race purses and prize money private. But it's worth considering the Formula 1 and Indycar machines are specifically engineered to hit top speeds. Can you become a millionaire driving trucks? The second $25 million is really for his role as a business owner, not directly for Dale Jr.s work as a race car driver. Find out with our salary survey. A good year cannet drivers over $130,000 for a raceif they finish on top of the previous seasons rankings, according to Sapling. I drove 35 years and didnt take in but $7.5 million dollars. The path to becoming a professional NASCAR driver may be long, but it can be well worth it. Yes. Looked at another way, what other major televised sport pits women against men on the same playing field? Patricks salary is $3.9 million, which doesnt measure up to others in the top ten list. It involves many expenses, all of which cost a large amount of money. Then, make sure that you're available to work the entire Boost shift. Despite the high-pressure nature of NASCAR racing, driver salaries are relatively low when you compare them to other major motorsports. 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. In the 60s, 70s and 80s auto racing was a low draw with an occasional broadcast on ABC-TVs Wide World of Sports. And you dont have to win at the Cup level to draw big bucks; Casey Mears and Brian Vickers, were in high demand (sans a Cup win) when their contracts expired. Max Verstappen currently takes home about USD$25 million, for example, whilst AlphaTauri driver Yuki Tsunoda earns approximately USD$750,000. Through the purse split, the winner, on average, takes home $47,500 a race while the loser makes close to $8,500. Do NASCAR drivers pay for their own cars? That number doesnt include sales of Dale Earnhardt Jr. merchandise and earnings from the racing company that he owns. How much money do NASCAR pit crew members make? NASCAR doesn't state the exact amount of the championship funds. F1 drivers earn their money in similar ways to NASCAR drivers.Although their salaries and bonuses are kept under wraps, it is rumored that Lewis Hamilton, who drives for Mercedes and is one of the best drivers in F1, has a salary of over $35 million per year. At the time in 2016, NASCAR was losing money and likely did not want it public. "The average is in the middle, more in the $150,000-160,000 range." Another contributor said: "Not many are over $250,000. However, Xfinity and truck series will be much less. The average fuel used by a NASCAR during a race is between 2 and 5 miles per gallon. Jimmie Johnson is a seven-time NASCAR Cup Series champion. Through all these revenue sources, even the most inexperienced drivers with salaries of around $50,000 have many opportunities to increase their incomes. 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. (Video) HUNTING NASCAR DIECAST JR'S HAULER! 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. A driver makes an average of $55,133 per year, according to Indeed, and the U.S. Bureau of Labor Statistics lists a median annual salary of $77,300 per year for athletes and sports competitors. Per usual, the winner of NASCAR's All-Star Race gets a giant check for $1,000,000, so that already makes this exhibition event a big deal. The primary car is the car that the team feels will be the fastest on race day. Kyle Busch is the highest-paid NASCAR driver, with an estimated annual salary of over $16,900,000. Do NASCAR Drivers Listen To Music During A Race? 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