Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. They can make up to $3,000 per race, which means they have an annual salary of $300,000 per year. 8. This is the equivalent of $1,086/week or $4,707/month. 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. According to all the official information we could find, estimations for the average salary round out to about $100,000. But is that the real story? NASCAR stopped releasing those numbers after the 2015 season. NASCAR Cup Series drivers go through up to 12 sets of tires per race, meaning that an entire race could cost a NASCAR team over $20,000 in tires. The sockets they use to pull off the tires so quickly can run up to $1,500 a piece. Then they go out and win another $2 or $3 million dollars or whatever.. Salary range: $36,000-$53,000 per year. New drivers tend to earn six-figure annual salaries, but that figure can easily reach multiple millions depending on wins and endorsements. 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. As of the 2022 season, a five-speed sequential gearbox is used in a rear-mounted transaxle. How long does it take to get 1 million miles as a truck driver? 41 Stewart-Haas Racing team for Code of Conduct and Performance Obligation violations. 4. Through the purse split, the winner, on average, takes home $47,500 a race while the loser makes close to $8,500. Kyle Busch: $14.7 million. 413 8275 Mueller Overpass, South Magnolia, IA 99527-6023, Hobby: Letterboxing, Vacation, Poi, Homebrewing, Mountain biking, Slacklining, Cabaret. In the NBA, NFL, MLB and NHL, the top ten or twenty earners throw the averages out of whack. NASCAR car chiefs earned between $110,000 and $130,000 on average in 2006, according to Car & Driver. According to the Simply Hired website, the average salary for a race car driver is $38,000 yearly as of 2011. They must also have some stage presence, or audiences will not enjoy watching or listening to them. NASCAR doesn't state the exact amount of the championship funds. SI says his total take in 05 would approach $50 million! How many haulers does a NASCAR team have? Salaries for new drivers are typically six figures with only a handful of drivers earning more than $4 million in base salary. So, most teams that can afford two haulers, will load up their cars and start the adventure out to the West Coast. Traditionally, NASCAR cars featured a four-speed gearbox that was shifted in an H-pattern. Max Verstappen currently takes home about USD$25 million, for example, whilst AlphaTauri driver Yuki Tsunoda earns approximately USD$750,000. Being a middling NASCAR driver can make a team millions if they have the right combination of skill and sponsorship. The lowest paid driver is Corey LaJoie earning $200,000 per year. 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.. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. Charter Bus Driver. We may earn money from the links on this page. NASCAR driving is a fairly demanding profession that requires peak physical condition, split-second decisions, and quick reaction times. Compare that to a big NBA star like LeBron James. While their earnings vary, a good year can also mean over $130,000 for a race if they finish at the top. Surprisingly, NASCAR drivers make more money than players in any organized professional sport except the NBA. Jimmie Johnson. Now that's a long season. Will Simple Green remove oil from asphalt? The path to becoming a professional NASCAR driver may be long, but it can be well worth it. Which driver makes the most money in NASCAR? Our work never stops and we're as determined as ever. Johnson is also signed with Hendrick through 2020. The most highly-paid Formula 1 drivers pull in much more cash than top-tier NASCAR drivers.Each year, multiple Formula 1 drivers crack Forbes list of the top 60 highest-paid athletes in the world, but no NASCAR driver has ever made an appearance on the list.However, the answer is not so simple. You can put different drivers in the same car and have different results, mostly due to the driving style. There are the Formula 2 and Formula 3 series in which drivers who do not make it all the way to F1 can compete, but these rides pay significantly less than those in Formula 1. Do NASCAR Drivers Make More Money Than Formula 1 Drivers? 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. How much does a Race Car Driver make? As a rookie mechanic, you will get a salary of around $45,000-$65,000 per year. 2023 Payscale, Inc. All rights reserved. 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. Please logout and login again. Since the first one launched way back in 1999, load boards have become the industry standard for finding loads. How many miles per gallon do NASCAR cars get? If you have a high level of engineering knowledge, or you've . This value, however, was not wholly dependent on the outcome of a race. First comes the desire to drive racing cars. It involves many expenses, all of which cost a large amount of money. Looking at 70,845 driver outcomes from 1949-2005 in NASCAR, the pole winner won the race 22% of the time. NASCAR and F1 drivers earn their cash in slightly different ways, and the organizations have different opportunities. How Much Do NASCAR Drivers earn in F3 and DTM? services and support for The top ten 2021 drivers earnt on average 10.4 million dollars. Average Uber Driver hourly pay in Toronto, ON is approximately $21.75, which meets the national average. (Video) HUNTING NASCAR DIECAST JR'S HAULER! Depending on the race, drivers who earn a top-three finish can make north of $1 million, although in most cases, the teams will take at least a 50% cut of the earnings.Still, drivers can pocket $500,000 or more for a single race, with 38 chances each season to earn some of that cash. As of Feb 12, 2023, the average annual pay for the Race Car Drivers jobs category in the United States is $41,164 a year. That said, we do have some info on NASCAR drivers salaries, thanks to SportsIllustrated.cnn.com. However, exacting skills take time and experience to master. 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 drivers are paid, like entertainers or other athletes, for performance. 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. 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. Therefore, the maximum penalty would be 40 pounds. 50. A big-name driver like Kyle Busch took home $16 million in salary and prize money in 2019. How many cars can fit in a NASCAR hauler? You can buy a NASCAR race car. As the largest metropolis, Los Angeles is at the top of the list of the most popular and busiest auto shipping destinations in the United States. 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. While thats not exactly equality, its a lot closer to it than the NBA or NFL. 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. 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. Drivers in the upper 10% make a significantly higher portion of their total earnings from endorsements. NASCAR similarly has the Xfinity Series and Camping World Truck Series, both of which provide lower-paying opportunities for drivers who cannot find a ride at the highest level. Median means that half the drivers in the sport make more than that and half make less. He backed it up with a June win at the Michigan International Speedway. During that time, they participate in practice and qualifying, attend team meetings, and make appearances with fans and sponsors. Most people know that the National Football League (NFL) is the most popular sport on TV, but it may raise a few eyebrows to hear that the second highest-rated sport is NASCAR the National Association for Stock Car Auto Racing. A big-name driver like Kyle Buschtook home $16 million in salaryand prize money in 2019. The major league sports mostly have room for over a thousand players each, with the exception of the NBA. Next among active drivers on that list is Joey Logano, who has won at least one race 11 consecutive seasons. In fact, the middle-of-the-road NASCAR driver makes more from race winnings than from salary at over $2.5 million a year. Top paid NBA, MLB and NFL players generally earn about twice the total money of a NASCAR driver in the highest salary bracket. A Formula 1 car does 0-100km/h in 2.6s, while an Indycar machine does this in 3s. The primary car is the car that the team feels will be the fastest on race day. A moderately successful race car driver in a top series like NASCAR or Formula 1 makes between $100,000 and $1 million per year. The first column contains driver salary. What does it take to become a professional NASCAR driver? The median salary alone for NASCAR is $1.5 million. 20. How much does a Race Car Drivers make? 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 most expensive location is on the hood of a race car, most prominent during TV broadcasts. 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. Ingersoll Rand sells the $1500 gun exclusively to professional race teams. 14. It comes on the heels of Fox Sports posting a 2% ratings increase compared to 2018 for its first-half race schedule. 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 is off 36% from a decade ago (46%. New Rules change for 2020:- Like finding out how much big sports figures make? 47. There are two primary routes to becoming a NASCAR announcer, especially if you want to have a top position working on television. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. Like many professional athletes, NASCAR drivers work 50 to 60 hours a week. 15. Also see:How Much Money Do NFL Players Make? 2011 : Cassill agreed to run a Nationwide race for James Finch without knowing how much he'd get paid. Through all these revenue sources, even the most inexperienced drivers with salaries of around $50,000 have many opportunities to increase their incomes. . How much does a Nascar truck engine cost? How much horsepower does a NASCAR Truck Series truck have? A single NASCAR Cup Series tire costs around $500, meaning that a set of four tires is $2,000. Cole Custer has been fined $100,000. 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. NASCAR money is handled something like golf money. Copyright 2017-2023 Rookie Road Inc. All rights reserved. Although they are available for purchase, no NASCAR race cars are legal to drive on public roads. These guys today start out with $2 or $3 million dollars in their hand before they ever get in the race car. The table below shows the change of a few median numbers over time. It took me 15 years to win the first million. A NASCAR race car costs between $20,000 and $100,000, depending on age and condition. For comparison, five wins and 14 top-5s in 2015 brought just $8,152,877. Along with that, being in top physical condition should be a way of life for a NASCAR driver. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. Once a driver has secured a position on any given team, they become an entry-level driver. Development of an unleaded racing fuel is a year or two away. The two drivers provide a perfect representation of how age and experience impact overall earnings. Specialty Vehicle Haulers. Their earning potential is based entirely on their driving and their marketability. How much does it cost to own a NASCAR truck team? Also Read- Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. Meanwhile, a driver can make $130,000 for one race if he finishes on top. NASCAR drivers enjoy a very similar median and average pay level. (A typical impact wrench runs at about 1800 rpm.) These people often have an equal passion for the sport but do not participate firsthand (NASCAR is not an easy sport to get into, after all). The more technical knowledge a driver has, the greater the chances of knowing what to do if and when something goes wrong. Teams rely on sponsorship for the majority of their revenue. The season also marked the end of the 17-year partnership between Johnson and his crew chief Chad Knaus. How much do F1 drivers make? Every hauler has two cars loaded on it. Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Reliable compensation data. Owning a NASCAR team can be expected to be a very hefty investment. 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. 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. Of course, many NASCAR announcers have income from other sources, especially if they're former drivers. However, an emerging NASCAR driver could easily bag somewhere around $100,000 and $300,000 in base salary and another $200,000 in prize money. 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. With income attached to advertising dollars, driver salaries are directly tied to the popularity of the sport. In the 60s, 70s and 80s auto racing was a low draw with an occasional broadcast on ABC-TVs Wide World of Sports. What do NASCAR teams do with old cars? 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. 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. Johnson is Nascars highest-paid driver for the second time in three years. Essentially, experienced drivers make the most money, which makes career longevity an extremely important factor for high earners. On top of that, Lewis takes home a portion of the purse from any races he wins during a season. 48. For many of the top race car drivers in NASCAR, the big bucks comes not from salary, but from endorsements and win money. What is the Most Expensive Fish You Can Eat? 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. Truck driver fastest on race day participate in practice and qualifying, attend team meetings, the! Earning $ 200,000 per year out to the driving style race schedule $ 1,086/week or 3. 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