This money went to a drivers team; however, as the people in the garage had to be paid too. 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. Driver Salaries 2022: View other Nascar salaries For LeBron, his per-event pay was $213,963 in 2012. More is known number wise of who's racing in the Nationwide and Sprint Cup Series. These purses were lucrative, with winners making $47,500 and the losers taking home a cool $8,500 on average. "It was a very different era," said four-time IndyCar Series champion and three-time Indy 500 winner Dario Franchitti. NASCARs money distribution method is possibly the most democratic of all competitive TV events. In NASCAR, only 82 full time drivers fill the ranks, making the odds of becoming a pro driver a lot lower than succeeding in the other sports. 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. Salary range: $35,000-$101,500 per year. The salaries of Nascar Drivers in the US range from $21,364 to $577,997 , with a median salary of $103,858 . The primary car is the car that the team feels will be the fastest on race day. The Nascar winnings per race, in this case, is in millions, because the racers are highly talented and experienced. The desire part is easy. 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. 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. Another interesting question on race car driver earnings: how much does . Each member of the tire changing team makes $1,500 per race in base salary or $80,000 at the end of the year. Car & Driver reports tire specialists earn $50,000 to $60,000 a year, and crew chiefs can earn annual salaries anywhere . 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. Drivers in the upper 10% make a significantly higher portion of their total earnings from endorsements. 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. On top of that, Lewis takes home a portion of the purse from any races he wins during a season. How much do F1 drivers make? NASCAR cars have five forward gears plus one reverse gear. And it can make you a Millionaire in just 2 years. 18. How much do NASCAR engine builders make? (Video) Could've Bought a Supercar, But Our New Trailer Is Way Cooler (Video) NEW 53' RACE TRAILER SETUP!!!!! It requires total attention to detail at every step. Median means that half the drivers in the sport make more than that and half make less. Copyright 2023 Endgame360 Inc. All Rights Reserved. Audience members appreciate that level of expertise and attention to detail that they couldn't get otherwise. Geographic location can impact the pay for employees at NASCAR as well. But the majority of drivers make more than $500K for their work. 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. How much can I make with a 5 car hauler? That alone would be impressive, but there are also race winnings to consider. "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. 2. Must possess personal tools and equipment. The cost of a single engine is about $100,000. The cost of a NASCAR team through the season appears to be in the eight-digit range. As theworlds premier auto-racing company, one may think NASCAR would be proud to disclose its financial info withthe best racers in the world. He backed it up with a June win at the Michigan International Speedway. The Hendrick Motorsports haulers are always full of snacks for the team members -- and occasionally sunscreen. Why? For comparison, how much do NFL announcers make? 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. And some of that steel can end up back in a race shop. 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. As of Dec 31, 2022, the average annual pay for the Nascar Hauler jobs category in Soda Bay is $56,493 a year. 15. It definitely depends on a driver's popularity, brand support, and of course, their talent and number of wins. 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. 10. That includes race winnings, salary, merchandise royalties and endorsements. 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. NASCAR is clearly gearing towards younger racers, while older drivers find themselves in the Craftsman Truck Series. How much does it cost to own a NASCAR truck team? First comes the desire to drive racing cars. Salaries for NASCAR drivers range from $20K to nearly $600K, according to salary tracking sources. What are the highest paying trucking jobs? The major league sports mostly have room for over a thousand players each, with the exception of the NBA. 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. How much money do announcers for NASCAR earn? "But most of the guys are nowhere near that. Subsequently, the drivers have to perform predominantly and entertain the hostile American crowd which spares no one. Johnson is also signed with Hendrick through 2020. It is sponsorships (and the NASCAR television schedule), not prize winnings, that mostly fuel NASCAR. 51. Johnson has a stake in and his name on a Chevy dealership in San Diego. 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. Give it a spin with our salary calculator. 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. As a result, the specific numbers behind the associations are lost to even the most devoted fans. Professional Driver. 48. 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. 2. Amazingly, a 10-month, 36-race schedule (not counting the All-Star race and Bud Shootout) pales in comparison to what NASCAR drivers ran in years past. Which driver makes the most money in NASCAR? The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. 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. It usually costs between $3 and $10 million to run an IndyCar team for a year. These quieter moments before the weekend kicks off and engines start they never get old. God bless data. This value, however, was not wholly dependent on the outcome of a race. He ran four Cup races for Germain racing at 10 percent of prize money. NASCAR, owned by the France family, owns the majority of the tracks. What are the best states for car hauling? On the other end of the spectrum, the highest-paid Formula 1 drivers make $40 million. And to pull off things which not many can do on a normal basis also makes it a decently-paying job. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. The #1 highest paid NASCAR driver is Dale Earnhardt Jr. Earnhardt made $23.6 million in 2015. NASCAR drivers dont have the same multi-year deals that football players and basketball players get. They must also have some stage presence, or audiences will not enjoy watching or listening to them. 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. 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. Whereas the drivers make money depending on their skills, wins, and longevity in the sport. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup Series. What do NASCAR teams do with old cars? 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. NEWS: NASCAR issues a deduction of 50 driver and 50 owner points to the No. 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. Deals that were once done on a handshake will now be penned via a three-year contract by a professional human resources coordinator.. The table below shows the top ten highest paid NASCAR drivers. 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. Letarte was a crew chief for all-time great racers such as Jeff Gordon and Earnhardt Jr. Earnhardt was a driver and the son of one of NASCAR's early icons, and Bowyer was a former stock car driver in NASCAR. Their salaries are often similar to those of NASCAR commentators, though they might hit a higher peak. That box is four pounds and 94 cubic inches (2.7 x 5.2 x 6.7). Between 2001 and 2015, Johnson's race earnings totaled $150,926,713. Whether you attend races in person or watch them on television, NASCAR fans recognize and trust their favorite NASCAR announcers. 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. Tour Of My Living Quarters Race Trailer (Vintage Intimidator). This is the equivalent of $1,086/week or $4,707/month. The goal is to work with aerospace, military, and oil and gas companies. How Much Do NASCAR Drivers Make Each Year? How much does a Nascar truck engine cost? Through the purse split, the winner, on average, takes home $47,500 a race while the loser makes close to $8,500. 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. Los Angeles, California. Do NASCAR Drivers Listen To Music During A Race? Furthermore, the numbers were affected by the sponsorships on the car, which favored the more prominent names. When a racer crossed the finish line, their name appeared in the results with a monetary value. Various sources report that announcers employed by NASCAR make just under $40,000 per year. First, NASCAR drivers are paid a salary by their teams. New drivers tend to earn six-figure annual salaries, but that figure can easily reach multiple millions depending on wins and endorsements. The base salary of the run-of-the-mill NASCAR driver in 2006 was an impressive $917,669. Well, the primary source that haulers use to find loads in recent years has been online load boards. Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. Kyle Busch is the highest-paid NASCAR driver, with an estimated annual salary of over $16,900,000. For example, the average NBA salary is about double the typical salary. As of the 2022 season, a five-speed sequential gearbox is used in a rear-mounted transaxle. 21. She earned a total of $13.8 million from all sources in 2015. NASCAR pays the lowest earners $18,000 a year, while the top 10 percent are paid over $88,000. Be the first one to comment on this story. Danica Patrick is the 8th highest paid NASCAR driver in the world, though its thanks only in small part to her salary. 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. Yes. And, to be fair, it was never really replaced. 2011 : Cassill agreed to run a Nationwide race for James Finch without knowing how much he'd get paid. He's won many championships and awards and earned the title of "Most Popular Driver" during the 2002 NASCAR Busch Series. Todays enormous NASCAR drivers salaries are mostly due to television coverage, but it wasnt always so. Jimmie Johnson is the highest-paid Nascar driver of all time. Check out our post here on how much money MLB players make, or this post about Dale Earnhardt Jr.s net worth. When it comes to NASCAR jobs, where does all that fuel, er, money go? 5. Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. 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