Below are the top-earning drivers in 2018. 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. Schedule a personalized demo to feel the power of Payscale. They have endorsements and advertisements as well as public appearances. NASCAR may have a bit further to go in terms of race. But is that the real story? At first glance, the question of how much a NASCAR driver makes may seem like it has a fairly straightforward answer, but the truth tends to be a bit more complicated. If they're part of a winning team, they can get an extra $500 per race. Johnsons $17.5 million tally last year is half of what Earnhardt earned a decade prior as the highest-paid Nascar driver. 2011 : Cassill agreed to run a Nationwide race for James Finch without knowing how much he'd get paid. Salaries for NASCAR drivers range from $20K to nearly $600K, according to salary tracking sources. That alone would be impressive, but there are also race winnings to consider. Johnson has a stake in and his name on a Chevy dealership in San Diego. In 2014, NASCARs Vice President, Jim Cassidy, talked about the finances. The gas comes from a central tank to ensure teams don't add additives. His endorsements earned $20,000,000, bringing his sub-total compensation to $25,761,830. Despite the secrecy on behalf of NASCAR, however, thebest drivers are not hurting. The Brazilian, lacking his usual motivation with the specter of using customer Ford/Cosworth V8s after years of having factory Hondas behind him, stalled team principal Ron Dennis as late as possible, refusing to sign a contract for the 16-race 1993 season. While exact numbers might be hard to come by these days, the methodology to decide the pay is known. NASCAR drivers also make money from winnings, endorsements and merchandise money. He's won many championships and awards and earned the title of "Most Popular Driver" during the 2002 NASCAR Busch Series. How much does a Top Fuel pit crew make? In the NBA, NFL, MLB and NHL, the top ten or twenty earners throw the averages out of whack. 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. As of Dec 29, 2022, the average annual pay for the Nascar Hauler jobs category in Soda Bay is $56,493 a year. With a purse such as that, however, the association was thrilled to let the audience know that it was thriving. Their earning potential is based entirely on their driving and their marketability. Johnson is Nascar's highest-paid driver for the second time in three years. Digital financial services company Ally Financial inked a deal last fall to be the primary sponsor for all 38 races on the Nascar schedule for the No. Also see:How Much Money Do NFL Players Make? The higher end of the salary range is made up of established, well-known drivers that are constantly in the spotlight when it comes to NASCAR. Specialty Vehicle Haulers. Once a driver has secured a position on any given team, they become an entry-level driver. It requires total attention to detail at every step. The average NFL salary is more than double the median. With all this television coverage come the big money and high annual salaries. The highest paid female driver is Danica Patrick. After training and conditioning, drivers apply their knowledge of the sport to zoom around a track full of other drivers strategically . Figures for salary, endorsements and merchandise earnings are gleaned from media reports and estimates, adjusted by known numbers from stars like Dale Earnhardt Jr. Endorsement pay aside, NASCAR drivers do quite well compared to other sports stars. 2023 Payscale, Inc. All rights reserved. First, NASCAR drivers are paid a salary by their teams. 16 Ford Fusion is Greg Biffle, one of the richest NASCAR drivers in the game. Meanwhile, a driver can make $130,000 for one race if he finishes on top. 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. While there are a few black NASCAR drivers, the field does not exactly overflow with them. How many miles per gallon do NASCAR cars get? Denny Hamlin who won the $23.6 million Daytona 500 in 2020 reportedly pocketed approximately $2.06 million. 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. Getting an internship with NASCAR and passing the test to obtain the competition license can be the possible road ahead. The higher a driver places in each race, the more money they get to take home. Its true that Danica Patrick is the only well known female driver in the league, but there are 12 other active female drivers and there have been nearly 100 women drivers throughout the history of the sport. Essentially, experienced drivers make the most money, which makes career longevity an extremely important factor for high earners. They may not be required to move as fast as the pit crew, but they make up for it with extreme accuracy. Then there's the middle tier, which spends between $10-15Million+ per year. Racing is mainly made up of three things: power, driver, and torque. Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Reliable compensation data. Compare that to a big NBA star like LeBron James. Through all these revenue sources, even the most inexperienced drivers with salaries of around $50,000 have many opportunities to increase their incomes. However, NASCAR is a costly business. In other words, in a group of ten people were nine make $60,000 a year and one is LeBron James, the average salary would be $2.3 million while the median is a far more descriptive $60,000. Airport Shuttle Driver. With the near financial collapse of 2008 placing an enduring strain on the global economy, driver salaries from the 1990s look like fantasy figures compared to what some of the best earn today. For example, the average NBA salary is about double the typical salary. SI says the highest-paid driver in 2005 was Dale Earnhardt Jr., whose annual salary and earnings totaled $5,761,830, but thats not all. 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. Drivers who transition from company drivers to owner-operators often earn more than six figures annually. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. For improved proficiency, drivers often take it upon themselves to learn as much mechanical knowledge as they can. Through the purse split, the winner, on average, takes home $47,500 a race while the loser makes close to $8,500. The path to becoming a professional NASCAR driver may be long, but it can be well worth it. There are no LeBrons or Ortizs blowing out the curves. That number doesnt include sales of Dale Earnhardt Jr. merchandise and earnings from the racing company that he owns. Many of them are only part-time employees who work limited hours. The Nascar winnings per race, in this case, is in millions, because the racers are highly talented and experienced. 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). 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. Race Car Drivers make the most in Los Angeles at $64,168, averaging total compensation 0% greater than the US average. Car & Driver reports tire specialists earn $50,000 to $60,000 a year, and crew chiefs can earn annual salaries anywhere . It's called Green E15 because the racing fuel is actually green in color. How Much Do NASCAR Drivers earn in F3 and DTM? For those with talent, it's a natural, step-by-step process. Various sources report that announcers employed by NASCAR make just under $40,000 per year . According to the NASCAR rulebook, drivers who weigh less than 180 pounds have to add 10 pounds to their car for every 10 pounds down to 140. The goal is to work with aerospace, military, and oil and gas companies. (Video) Being a NASCAR Hauler Driver: My Story. He pocketed earning of $17.8 million from his salary, endorsements, share from winning, and licensing. How much do female Nascar drivers make? 8. Kyle Busch. 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. Thats in terms of typical drivers. She earned a total of $13.8 million from all sources in 2015. Now a competitive truck team budget can be 2 to 3 million dollars a season and around $100,000 a race. Median means that half the drivers in the sport make more than that and half make less. 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. The base salary of the run-of-the-mill NASCAR driver in 2006 was an impressive $917,669. Salaries can vary greatly depending on several factors, such as rate of wins, career length, and public sentiment. Why? NASCAR drivers dont have the same multi-year deals that football players and basketball players get. A single NASCAR Cup Series tire costs around $500, meaning that a set of four tires is $2,000. How much does a NASCAR truck team cost? 18. The trucking industry is a multi-billion-dollar industry that rewards very generously those who earn it. Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. NASCAR drivers have to have their wits about them, especially if you consider that theyre racing at speeds of over 200 MPH. The chief contributors to a NASCAR drivers salary are driver skill, number of wins, and consistency over time. That year, Dale Earnhardt. The primary sources for engines in NASCAR are Toyota Racing Development, Earnhardt Childress Racing, Hendrick Motorsports and Roush Yates Racing. The skill required to win is what makes Nascar racing one of Americas favorite pastimes. The pay is based on experience and performance, with the top earners making upwards of $500,000 annually. Every hauler has two cars loaded on it. The table below shows how the median drivers pay breaks down by category. How much do F1 drivers make? Compare that to the lowest earner, Corie LaJoie, who races for Spire Motorsports and earns a salary of $200,000. What are the best states for car hauling? 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." Ingersoll Rand sells the $1500 gun exclusively to professional race teams. The specialized NASCAR fuel is Sunoco Green E15, a 98 octane, unleaded fuel blend specifically engineered for high-performance engines and race cars. 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. Driver Salaries 2022: View other Nascar salaries 48 car in 2001 before Johnson had won a race. Transportation services for hauling multiple cars are typically charged by the mile. 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. Salary range: $39,000-$52,500 per year. Jimmie Johnson is a seven-time NASCAR Cup Series champion. 17. 2. Top paid NBA, MLB and NFL players generally earn about twice the total money of a NASCAR driver in the highest salary bracket. His licensed merchandise sales were highest among all drivers in 2018. 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. 3. Having said that, a NASCAR Truck Series driver can pocket. One is a primary car and the other is a backup car. In 2020, George Russel, Lando Norris, Daniil Kvyat and several others have been forced out of the top 15 biggest earners. Having said that, a developmental NASCAR driver can pocket anything between $100,000 and $300,000 in base salary and another $200,000 in prize money. services and support for 51. 21 You're Too Fast - NASCAR's Power Only Concept. A hauler holds two race cars, a tool box and extra car parts. Salary: $82,099. However, this all changed two years later when the league got more secretive about their financial numbers. Which driver makes the most money in NASCAR? First and foremost, one must attain a minimum age of 18 years and obtain a driver's license. Copyright 2023 Endgame360 Inc. All Rights Reserved. Salaries and earnings of NASCAR drivers fall into two categories: (1) those top drivers who make millions each year and (2) those drivers who are only earning five or six figures and hoping to make millions. The 2017 Cup champion landed on his feet with a multi-year deal with Joe Gibbs Racing. How Much Money Has Every Call of Duty Game Made? 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. This is the equivalent of $791/week or $3,430/month. Kyle Busch is the highest-paid NASCAR driver, with an estimated annual salary of over $16,900,000. That way, you can maximize the amount of money you make that day. "I made that back in 1972!" They must also have some stage presence, or audiences will not enjoy watching or listening to them. How much money do NASCAR pit crew members make? What is the highest paying truck driving company? How much does it cost to own a NASCAR truck team? Salaries can vary greatly depending on several factors, such as rate of wins, career length, and public sentiment. On top of that, Lewis takes home a portion of the purse from any races he wins during a season. Just in case you need a simple salary calculator, that works out to be approximately $19.79 an hour. 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. Flag for review. Racing gas is leaded, 104 octane. Then, make sure that you're available to work the entire Boost shift. How much does a Nascar truck engine cost? DC Solar filed for bankruptcy in February. The 2012 Cup champion invested more than $10 million to launch an advanced contract manufacturing company, Keselowski Advanced Manufacturing, this year. It seems Patrick is valued more highly by fans and sponsors than she is by her team at Stewart-Haas Racing. The major league sports mostly have room for over a thousand players each, with the exception of the NBA. Britney Spears Net Worth: The $290 Million Blowout, Beyonce Net Worth: Formation of $1 Billion, Highest paid NASCAR driver (Salary & winnings, Dale Earnhardt Jr.), Highest paid male NASCAR driver (Overall earnings, Dale Earnhardt Jr.), Highest paid female NASCAR driver (Danica Patrick). NASCAR Cup Drivers income stems from Salaries from the teams, sponsorships, merchandise deals, endorsements, and shares of the prize money. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. 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. While the NASCAR drivers wheezing past in their heavy-duty machines on the race-track may seem like a feat worth emulating, the fact that it takes immense will and skill to be able to do that is perhaps underrated. Heres what we do know. When a racer crossed the finish line, their name appeared in the results with a monetary value. Jimmie Johnson is the highest-paid Nascar driver of all time. 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. Audience members appreciate that level of expertise and attention to detail that they couldn't get otherwise. These purses were lucrative, with winners making $47,500 and the losers taking home a cool $8,500 on average. Many of them are only part-time employees who work limited hours. Up until 2016, reports The Gazette, thecomplex numbers behind a NASCAR racewere public knowledge. As of Dec 29, 2022, the average annual pay for the Nascar Hauler jobs category in Soda Bay is $56,493 a year. 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). In addition to skill and talent, drivers also need to be able to build a marketable persona. Drivers keep anywhere from 40% to 45% of their purse while the rest is distributed throughout the team. 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