The top drivers in the sport dont do as well when theyre compared to other sports. 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. NASCAR has better parity, with more than ten different drivers regularly winning races throughout the season. Also see:How Much Money Does an NBA Player Make? Nascar has suffered from the retirement in recent years of many of its biggest names, including Dale Earnhardt Jr., Jeff Gordon, Tony Stewart, Carl Edwards and Danica Patrick. Development of an unleaded racing fuel is a year or two away. How much do female Nascar drivers make? Jimmie Johnson is a seven-time NASCAR Cup Series champion. The haulers that transport the car cost approximately $400,000 each and are replaced every five years. Salaries for new drivers are typically six figures with only a handful of drivers earning more than $4 million in base salary. How much does a Race Car Drivers make? Instant access. Even pro golf manages to fit in 241 players. Their experience within the sport often lends authority to their name and opinions. Salary: $95,999 - $110,000 per year. Many of them are only part-time employees who work limited hours. How much does a NASCAR truck team cost? 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. How Do Drivers Get A NASCAR Racing License? Race Car Drivers make the most in Los Angeles at $64,168, averaging total compensation 0% greater than the US average. On top of that, Lewis takes home a portion of the purse from any races he wins during a season. Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Reliable compensation data. Between 2001 and 2015, Johnson's race earnings totaled $150,926,713. Drivers are paid on their merit, records, and longevity in the sport. 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. It took me 15 years to win the first million. Thats in terms of typical drivers. What are the highest paying trucking jobs? Looked at another way, what other major televised sport pits women against men on the same playing field? Can you become a millionaire driving trucks? 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. 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. Cole Custer has been fined $100,000. How much does a Driver make at Uber in Toronto, ON? The gain was a welcome change for the race series where ratings are off nearly 50% over the past decade. The 31-year-old driver won the 2018 NASCAR Cup Series title, and his nickname of "Sliced Bread" tells just how highly regarded this driver is. How Much Of The Prize Money Do NASCAR Drivers Get? This is the equivalent of $1,086/week or $4,707/month. In 2015 he made nearly $15 million in salary and winnings, plus another $9 million from endorsement deals for a total of almost $24 million. The contract covers the 2019 and 2020 season. 5. Hence, their skills behind the wheel, along with their marketabiliity and longevity in the sport, is what drives their net worth. 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. Kyle Busch: $14.7 million. 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. Driving Roush Fenway Racing's No. They also are part of the NASCAR family and enjoy the camaraderie of the crew and team. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. It is no secret that some NASCAR drivers are multimillionaires. Of course, many NASCAR announcers have income from other sources, especially if they're former drivers. But the majority of drivers make more than $500K for their work. 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. What does the red exclamation mark mean on the Common App? As a result, the specific numbers behind the associations are lost to even the most devoted fans. How much activity is considered active for a dog? Since 2016, the company has kept race purses and prize money private. 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. Looking at the highest paid driver, Dale Earnhardt Jr. rules the field with $23.6 million in total earnings for 2015. These guys today start out with $2 or $3 million dollars in their hand before they ever get in the race car. One other drawback to NASCAR is the low number of drivers. Specialty Vehicle Haulers. It requires total attention to detail at every step. The average NFL salary is more than double the median. However, Xfinity and truck series will be much less. How much does it cost to own a NASCAR truck team? Salary: $82,099. You can put different drivers in the same car and have different results, mostly due to the driving style. 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). It involves many expenses, all of which cost a large amount of money. 3. The pay is based on experience and performance, with the top earners making upwards of $500,000 annually. Your login session has expired. So to sum it up: no specific schooling duration is necessary but it still makes sense to use your education to support a fallback plan while you work on improving your driving skills. It was good for those of us who drove during those times, but those kinds of salaries are a fantasy today. So, where can you find car hauling loads? With all this television coverage come the big money and high annual salaries. The most expensive location is on the hood of a race car, most prominent during TV broadcasts. 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. The average Car Hauler salary in California is $65,640 as of December 27, 2022, but the range typically falls between $57,964 and $75,273. 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. "In Formula One and in Indy cars, tobacco money was a big part of things; it paid for so much of the racing and as a knock-on effect, the driver salaries. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $41,618 to $56,454 with the average total cash compensation of $48,655. Heres what we do know. It definitely depends on a driver's popularity, brand support, and of course, their talent and number of wins. How does your salary place among these racers? What is the Most Expensive Fish You Can Eat? Max Verstappen currently takes home about USD$25 million, for example, whilst AlphaTauri driver Yuki Tsunoda earns approximately USD$750,000. 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. A NASCAR pit crew is responsible for performing maintenance and repairs on a race car during races. The Hendrick Motorsports haulers are always full of snacks for the team members -- and occasionally sunscreen. That box is four pounds and 94 cubic inches (2.7 x 5.2 x 6.7). Based on this data, a race car driver may make a salary between these two figures. The average MLB player makeseight times the typical player. Along with that, being in top physical condition should be a way of life for a NASCAR driver. Logano was the youngest-ever winner of a Cup race when he won at New Hampshire Motor Speedway when he was 19. How long does it take to get 1 million miles as a truck driver? They also make millions more dollars from sponsorships and endorsements. NASCAR car chiefs earned between $110,000 and $130,000 on average in 2006, according to Car & Driver. Racing gas is leaded, 104 octane. He proceeded to win 83 races and a record-tying seven Cup championships with Lowes. 19. 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). Much of this came from his time as a driver. Geographic location can impact the pay for employees at NASCAR as well. $14.6 million of that money comes directly from salary and winnings, with the rest from endorsements. Joey Logano finished first and got a higher $1,586,503. When it comes to NASCAR jobs, where does all that fuel, er, money go? 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. Msn.foxsports.com crunched the numbers for a mid-level standard two-car team. The typical NASCAR driver makes more money from winnings than from salary and the least money from endorsements and merchandise royalties. 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. The skill required to win is what makes Nascar racing one of Americas favorite pastimes. How many haulers does a NASCAR team have? How Much Do NASCAR Drivers earn in F3 and DTM? What do NASCAR teams do with old cars? The data in this article are based on available NASCAR winnings reported by sports statistics site Spotrac.com. 10. 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. These kinds of experts are usually very good at math and logic and are able to solve complex problems. NASCAR is fortunate to have a strong foundation of partners that play a significant role in our sport, including financial support at each of the events as well as year-end awards, Cassidy said to The Gazette. But in addition to the check, the winner also gets this . Drivers in the upper 10% make a significantly higher portion of their total earnings from endorsements. While there are a few black NASCAR drivers, the field does not exactly overflow with them. For example, the average NBA salary is about double the typical salary. Why Do NASCAR Drivers Swerve Before The Race? Winning races can make low-paying rides much more profitable for drivers. This license allows drivers to enter into as many races as they please, building a reputation as their experience grows. New Rules change for 2020:- Like many other professional athletes, the popularity of the sport . 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. 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. The base salary of the run-of-the-mill NASCAR driver in 2006 was an impressive $917,669. As of the 2022 season, a five-speed sequential gearbox is used in a rear-mounted transaxle. 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). Hunt tradition since 2001, where we celebrate our company drivers who have reached one million accident-free miles it takes an estimated 10 years to reach one million miles. From 2006 to 2015, the race earnings revenue dropped by about 50%. 18. The trucking industry is facing a driver shortage of tens of thousands of drivers. (Video) HUNTING NASCAR DIECAST JR'S HAULER! He earned $17.5 million in 2018 by Forbes count from his Hendrick Motorsports salary and his cut of winnings and licensing. The U.S. Bureau of Labor Statistics notes that the yearly salary of sports competitors, the category into which NASCAR drivers fit, can go well above $208,000 for the top performers. New drivers can expect to earn $7,500 per month, with . Leading up to the 2020 Daytona 500 was setat a mind-boggling $23.6 millionbefore the race a record for the sport and the first time that a purse was recorded in over five years. Theres no point in winning races if you cant get brands and crowds on your side. Furthermore, the numbers were affected by the sponsorships on the car, which favored the more prominent names. 50. However, this all changed two years later when the league got more secretive about their financial numbers. 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. Over the weekend, drivers live in motorhomes for three days at the track. 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. And it can make you a Millionaire in just 2 years. Los Angeles, California. Will Simple Green remove oil from asphalt? 51. 6. NASCAR drivers also make money from winnings, endorsements and merchandise money. 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. New drivers tend to earn six-figure annual salaries, but that figure can easily reach multiple millions depending on wins and endorsements. Winning races can make low-paying rides much more profitable for drivers. The size and location of the sticker determines how much a corporation pays the team owner. Second, drivers earn money from race winnings. 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. 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. Kyle Busch tops the list of the highest-paid NASCAR drivers. 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. 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. 45. The car costs around $2-3 million, and the drivers themselves may demand a salary of this or more. 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. 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. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. Jamesmakes over $23 million in salary, plusan estimated $25 million a year from endorsement deals. For that IndyCar driver, across the 16-race 2012 season, he earned. 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. Unlike F1, the Nascar car doesn't have paddle shifters (F1 drivers press the pedals and the computer will do the work). Salary range: $39,000-$52,500 per year. An NASCAR-grade impact wrench can cost upwards of $4,500. 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. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup. How many cars can fit in a NASCAR hauler? twitter 1.1K 989 redditads Promoted said racing legend and 1978 Formula One world champion Mario Andretti, as he scoffed at the incredibly low pay-versus-peril scale that seems to rule the landscape today. How much does it cost to own a NASCAR truck team? The first is to work your way up as an athlete or participant in the sport, and the other is to become a top expert in the field via other methods. He backed it up with a June win at the Michigan International Speedway. NEWS: NASCAR issues a deduction of 50 driver and 50 owner points to the No. services and support for NASCAR drivers get paid a yearly salary by their teams and also typically receive bonuses for winning or placing high in races.Typically, the more money a team receives for sponsoring a certain car, the more money the driver of that car will be paid in salary. For many of the top race car drivers in NASCAR, the big bucks comes not from salary, but from endorsements and win money. 16. Different factors like how long you've been in business, your location, current gas prices, and your car hauling experience will all weigh into how much money you can make as a carrier. The salaries of Nascar Drivers in the US range from $21,364 to $577,997 , with a median salary of $103,858 . First, NASCAR drivers are paid a salary by their teams. In 2020, George Russel, Lando Norris, Daniil Kvyat and several others have been forced out of the top 15 biggest earners. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup Series. Do NASCAR drivers pay for their own cars? How much does it cost to run a NASCAR truck? 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%. Whereas the drivers make money depending on their skills, wins, and longevity in the sport. To an extent, NASCAR drivers have to plow some of their winnings back into their racing teams to pay staff salaries and for upkeep on equipment. 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." Salaries for NASCAR drivers range from $20K to nearly $600K, according to salary tracking sources. Car & Driver reports tire specialists earn $50,000 to $60,000 a year, and crew chiefs can earn annual salaries anywhere . The total is off 36% from a decade ago (46%. Our work never stops and we're as determined as ever. He'll have to keep winning until 2031 to top Busch provided Busch's streak does . Bowyer's win at Martinsville last year ended a 190-race winless streak that stretched back to 2012. What is the highest paying truck driving company? NASCAR doesn't state the exact amount of the championship funds. Last year when he won the Nascar Cup title, Logano fulfilled the immense promise he first showed on a big stage when he became the youngest winner ever of a Nationwide Series race in 2008 just after his 18th birthday. NASCAR may have a bit further to go in terms of race. 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. NASCAR drivers also make money from winnings, endorsements and merchandise money. Not enough data yet, please check again later. Johnson is also signed with Hendrick through 2020. The trucking industry is a multi-billion-dollar industry that rewards very generously those who earn it. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. And, the NASCAR drivers also earns money from winnings, merchandise money and endorsements mainly. 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. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. That year, Dale Earnhardt. 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. The highest paid female driver is Danica Patrick. Surprisingly, NASCAR drivers make more money than players in any organized professional sport except the NBA. "There are six or seven guys making over a million in IndyCar today, I reckon," added Franchitti, who starred at a time in the late 1990s when the biggest names could bank $6-8 million a season. "I made that back in 1972!" Once a driver has secured a position on any given team, they become an entry-level driver. With a purse such as that, however, the association was thrilled to let the audience know that it was thriving. Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. How Much Money Has Every Call of Duty Game Made? What are the best states for car hauling? 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. They can get up to an additional $300 for winning. How much money do NASCAR pit crew members make? He's won many championships and awards and earned the title of "Most Popular Driver" during the 2002 NASCAR Busch Series. NASCAR and F1 drivers earn their cash in slightly different ways, and the organizations have different opportunities. The more technical knowledge a driver has, the greater the chances of knowing what to do if and when something goes wrong. 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 moderately successful race car driver in a top series like NASCAR or Formula 1 makes between $100,000 and $1 million per year. NASCAR pays an average salary of $40,750 per year, or $19.59 an hour. Patrick is a corporate darling, landing big deals with GoDaddy, Natures Bakery, Aspen Dental, Peak Antifreeze, Coca Cola and others. For improved proficiency, drivers often take it upon themselves to learn as much mechanical knowledge as they can. Median means that half the drivers in the sport make more than that and half make less. If you want to become a NASCAR announcer, you'll want to learn some tips about the best path to that position. 8. Do NASCAR Drivers Make More Money Than Formula 1 Drivers? NASCAR money is handled something like golf money. Salary range: $36,000-$53,000 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. 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. How much do NASCAR engine builders make? 47. NASCAR drivers pocket a good amount of money each year, especially those who win the most. This is why a 12th-place finisher could theoretically make more than an 11tth-place one. Average Uber Driver hourly pay in Toronto, ON is approximately $21.75, which meets the national average. Johnsons $17.5 million tally last year is half of what Earnhardt earned a decade prior as the highest-paid Nascar driver. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. In NASCAR, there are 17 full-time teams, each of which can employ up to four full-time drivers. Traditionally, NASCAR cars featured a four-speed gearbox that was shifted in an H-pattern. 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. He ran four Cup races for Germain racing at 10 percent of prize money. How many haulers does a NASCAR team have? Why? Racing is mainly made up of three things: power, driver, and torque. Minimum two years previous experience as an over-the-road driver. 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 pay inequity is easily explained through the NBA's greater television ratings, revenue and ticket sales, but from a risk-per-dollar-earned standpoint, it seems somewhat comical that the star athlete risking a violent and fiery death for a living receives but a fraction of what the star athlete who faces minimal risks happens to earn with a basketball. Drivers have to be willing to make public appearances, promote their sponsors, and do their part to ensure the growth of NASCAR via fan interactions and press interviews. As of Dec 29, 2022, the average annual pay for the Nascar Hauler jobs category in Soda Bay is $56,493 a year.