Lewis Hamilton is the race car driver who makes the most money, with estimated yearly earnings of around $40 million.This total includes a $35 million yearly salary, as well an additional $5 million from endorsement contracts. Many of them are only part-time employees who work limited hours. 5. (Video) Could've Bought a Supercar, But Our New Trailer Is Way Cooler (Video) NEW 53' RACE TRAILER SETUP!!!!! This is a list of the top earners: Dale Earnhardt: $22 million. 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. Looked at another way, what other major televised sport pits women against men on the same playing field? Your login session has expired. Surprisingly, NASCAR drivers make more money than players in any organized professional sport except the NBA. The 2015 Cup champion won his 200th race this year combined across Nascar's top three race series. 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. The trucking industry is facing a driver shortage of tens of thousands of drivers. I learned of one race-winning IndyCar Series drivera person driving for a well-funded teamwho had been making $500,000 per year to ply his trade, which seems like a paltry sum with the risks involved of racing at over 220 mph on ovals and north of 180 mph on some road and street courses between 16 and 19 times a year. In NASCAR, there are 17 full-time teams, each of which can employ up to four full-time drivers. Average Uber Driver hourly pay in Toronto, ON is approximately $21.75, which meets the national average. He ran four Cup races for Germain racing at 10 percent of prize money. 38. 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.. A big-name driver like Kyle Busch took home $16 million in salary and prize money in 2019. Sports Cars That Make Great Daily Drivers in 2023, The Stars of "The Fast & The Furious", Then & Now, Peek Inside the Coolest Sci-Fi Movie Cars, What It's Like to Be a Mechanic in the Daytona 500, The Most Luxurious Cars You Can Buy in 2023, Five Bad Habits That Will Destroy Your DCT. What is the highest paid driving job? Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. According to ZipRecruiter, the national average salary for a car hauler is about $74,000, which is good, at almost $20,000 more than the average salary in the United States. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. More is known number wise of who's racing in the Nationwide and Sprint Cup Series. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. That number doesnt include sales of Dale Earnhardt Jr. merchandise and earnings from the racing company that he owns. Below are the top-earning drivers in 2018. The top four highest earners remain the same - Lewis Hamilton, Sebastian Vettel, Daniel Ricciardo and Max Verstappen. Busch is a 39-year-old NASCAR veteran, while LaJoie is 29 years old and relatively inexperienced in comparison. Why Do NASCAR Drivers Swerve Before The Race? His biggest single season on the earnings front came in 2006 where he brought in $15,875,125, with 5 race wins and 13 top-5s. Please logout and login again. The salaries of Nascar Drivers in the US range from $21,364 to $577,997 , with a median salary of $103,858 . How much does a Nascar truck engine cost? This is why a 12th-place finisher could theoretically make more than an 11tth-place one. NASCAR drivers pocket a good amount of money each year, especially those who win the most. Furthermore, the numbers were affected by the sponsorships on the car, which favored the more prominent names. A job as a rookie mechanic can bring in an average salary between $45,000-$65,000 per year. U.S. Average $64,168 $19,910 $187,200 Base Salary $64,168 Bonus N/A Get Bonus N/A With all this television coverage come the big money and high annual salaries. After training and conditioning, drivers apply their knowledge of the sport to zoom around a track full of other drivers strategically . The table below shows the change of a few median numbers over time. 15. NASCAR pays the lowest earners $18,000 a year, while the top 10 percent are paid over $88,000. Johnson has not been in the winners circle since June 2017. And to pull off things which not many can do on a normal basis also makes it a decently-paying job. Even excluding all winnings, merchandise royalties and sponsor money, the typical NASCAR driver earns more than comparable players from every other league except the NBA. Therefore, the maximum penalty would be 40 pounds. The primary car is the car that the team feels will be the fastest on race day. Salary: $95,999 - $110,000 per year. 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. The top ten 2021 drivers earnt on average 10.4 million dollars. Has A NASCAR Driver Led Every Lap Before? The lost star power has dented viewership but has given team owners a chance to reset the salary structure in the sport. They can also recall seemingly mundane details and statistics at a moment's notice, which is not easy to do. 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. People practising the career in Denver make the most, at the amount as mentioned earlier. NASCAR drivers have to do it themself using a 4-speed H-pattern gear selector. Flag for review. 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. Logano is signed with Team Penske through 2023. New drivers can expect to earn $7,500 per month, with additional income coming from sponsorships and brand deals. From ongoing sponsorship deals to NASCAR events in 2022, NASCAR drivers have to diversify if they want to attain a high salary. As of the 2022 season, a five-speed sequential gearbox is used in a rear-mounted transaxle. This value, however, was not wholly dependent on the outcome of a race. For LeBron, his per-event pay was $213,963 in 2012. But the majority of drivers make more than $500K for their work. Then there's the bottom tier and teams that ( which spends $4-$9Million+ per year. 8. 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. 21 You're Too Fast - NASCAR's Power Only Concept. 21. 39. Clint Bowyer finished 7th and got $437,178, and so on. Since 2016, the company has kept race purses and prize money private. 51. Geographic location can impact the pay for employees at NASCAR as well. Without advertising income, we can't keep making this site awesome for you. He proceeded to win 83 races and a record-tying seven Cup championships with Lowes. In 2014, NASCARs Vice President, Jim Cassidy, talked about the finances. According to court documents, former Roush Fenway Racing Car Chief Jason Myers earned a base salary of $110,472.96 in 2008. 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. You can buy a NASCAR race car. In addition to skill and talent, drivers also need to be able to build a marketable persona. No longer just a heartland sport, NASCAR is broadcast in over 150 countries. 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 IMPORTANCE OF THE HAULER The SHR team's haulers are usually on the road for more than 220 days a year, each covering about 70,000 miles annually, crisscrossing the United States under all kinds of driving conditions. Meanwhile, top NASCAR drivers earned as much as a $5 million salary during the nine month racing term. 413 8275 Mueller Overpass, South Magnolia, IA 99527-6023, Hobby: Letterboxing, Vacation, Poi, Homebrewing, Mountain biking, Slacklining, Cabaret. Without the help of electronic devices, humans make mistakes. The sockets they use to pull off the tires so quickly can run up to $1,500 a piece. Then there's the middle tier, which spends between $10-15Million+ per year. Our car experts choose every product we feature. Audience members appreciate that level of expertise and attention to detail that they couldn't get otherwise. But in addition to the check, the winner also gets this . 6. How much activity is considered active for a dog? Which driver makes the most money in NASCAR? How much does a NASCAR car hauler cost? Teams rely on sponsorship for the majority of their revenue. He earned $17.5 million in 2018 by Forbes count from his Hendrick Motorsports salary and his cut of winnings and licensing. Do NASCAR drivers pay for their own cars? 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. 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. 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. 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 front and rear tire changers and tire carriers are all compensated the same for their work on a car. As of Dec 29, 2022, the average annual pay for the Nascar Hauler jobs category in Soda Bay is $56,493 a year. God bless data. 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. 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 a racer crossed the finish line, their name appeared in the results with a monetary value. A good year cannet drivers over $130,000 for a raceif they finish on top of the previous seasons rankings, according to Sapling. 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. 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. twitter 1.1K 989 redditads Promoted How Much Skill Does It Take To Drive NASCAR? It generally takes a few years, and usually means that you have become a trainer or work as a team driver. Old number 43 is not exaggerating. Do NASCAR drivers pay for their own cars? 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. How much do NASCAR engine builders make? How many cars can fit in a NASCAR hauler? The base salary for Top Fuel Drivers in companies like NHRA range from $41,348 to $55,926 with the average base salary of $48,330. NASCAR Cup Drivers income stems from Salaries from the teams, sponsorships, merchandise deals, endorsements, and shares of the prize money. 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. 4. 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. 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 keep anywhere from 40% to 45% of their purse while the rest is distributed throughout the team. Believe it or not, back then, racecar drivers were insured for only $15,000. Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. How Many Hours Does a NASCAR Driver Work? The haulers that transport the car cost approximately $400,000 each and are replaced every five years. 23. 4 car gets hefty sponsorship thanks to his consistent performance over the past decade, which includes top three finishes in the overall Cup standings seven of the past nine years. Every hauler has two cars loaded on it. What do NASCAR teams do with old cars? 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. 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