This is the equivalent of $1,086/week or $4,707/month. One is a primary car and the other is a backup car. 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). 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. They also are part of the NASCAR family and enjoy the camaraderie of the crew and team. 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. Unlike F1, the Nascar car doesn't have paddle shifters (F1 drivers press the pedals and the computer will do the work). Therefore, the maximum penalty would be 40 pounds. Like finding out how much big sports figures make? How long does it take to get 1 million miles as a truck driver? What does it take to become a professional NASCAR driver? If you want to become a NASCAR announcer, you'll want to learn some tips about the best path to that position. Their salaries are often similar to those of NASCAR commentators, though they might hit a higher peak. Owning a NASCAR team can be expected to be a very hefty investment. Between 2001 and 2015, Johnson's race earnings totaled $150,926,713. Unlike NFL salaries, however, NASCAR drivers salaries are closely-guarded secrets. From ongoing sponsorship deals to NASCAR events in 2022, NASCAR drivers have to diversify if they want to attain a high salary. Wins can net $100,000 or more per race, but if a driver wants to obtain a multimillion-dollar salary, they have to win consistently and become a crowd favorite. (Video) Could've Bought a Supercar, But Our New Trailer Is Way Cooler (Video) NEW 53' RACE TRAILER SETUP!!!!! 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. This is a list of the top earners: Dale Earnhardt: $22 million. 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. NASCAR drivers also make money from winnings, endorsements and merchandise money. How much does a Top Fuel pit crew make? So while thetypicalNASCAR driver makes more money than players in other sports, the same cant be said for the top earners. And to pull off things which not many can do on a normal basis also makes it a decently-paying job. NASCAR drivers also make money from winnings, endorsements and merchandise money. In NASCAR, drivers are essentially free agents who sign with teams that have an owner. Then they go out and win another $2 or $3 million dollars or whatever.. 48. How many haulers does a NASCAR team have? Well, the primary source that haulers use to find loads in recent years has been online load boards. The average salary for a NASCAR pit crew member is $250,000 per year. Regardless of how you get the job, NASCAR commentators at all levels have to be effective communicators. 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. Salaries for NASCAR drivers range from $20K to nearly $600K, according to salary tracking sources. Teams rely on sponsorship for the majority of their revenue. The most expensive location is on the hood of a race car, most prominent during TV broadcasts. Patricks salary is $3.9 million, which doesnt measure up to others in the top ten list. In 2014, the Department of Economics at UNC-Charlotte conducted an in-depth data study on the importance of the pole position in auto racing and NASCAR. How much horsepower does a NASCAR Truck Series truck have? Drivers who transition from company drivers to owner-operators often earn more than six figures annually. 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. Why? This value, however, was not wholly dependent on the outcome of a race. Salary: $58,862. The lost star power has dented viewership but has given team owners a chance to reset the salary structure in the sport. Just in case you need a simple salary calculator, that works out to be approximately $19.79 an hour. No matter how skilled a racing teams technicians are, they still rely on communication from the driver to know how the car is performing. The total is off 36% from a decade ago (46% adjusted for inflation). As of the 2022 season, a five-speed sequential gearbox is used in a rear-mounted transaxle. How Many Hours Does a NASCAR Driver Work? That said, we do have some info on NASCAR drivers salaries, thanks to SportsIllustrated.cnn.com. The season also marked the end of the 17-year partnership between Johnson and his crew chief Chad Knaus. For example, the average NBA salary is about double the typical salary. In that context, one needs to be winning races and have the ability to network with people to land sponsor(s). 14. 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. No Charge. Clint Bowyer finished 7th and got $437,178, and so on. Merchandise sales for Harvick and the No. This makes their early earnings in the. 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. She earned another $3.8 million from race winnings in 2015, but the biggest chunk of her money that year came from $6 million in endorsement deals. The average earning of a NASCAR pit crew member is $39,482 per year. How much does a Race Car Driver make? 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. Jimmie Johnson is a seven-time NASCAR Cup Series champion. The first column contains driver salary. Danica Patrick is the 8th highest paid NASCAR driver in the world, though its thanks only in small part to her salary. He earned $17.5 million in 2018 by Forbes count from his Hendrick Motorsports salary and his cut of winnings and licensing. For instance, Kevin Harvick finished second in the Daytona 500 in 2015, giving him $1,157,195 in prize money for the event. Although they are available for purchase, no NASCAR race cars are legal to drive on public roads. Surprisingly, NASCAR drivers make more money than players in any organized professional sport except the NBA. "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. Each race has a certain pool of money that gets divided up depending how each driver finishes. 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. The size and location of the sticker determines how much a corporation pays the team owner. First and foremost, one must attain a minimum age of 18 years and obtain a driver's license. This is the equivalent of $791/week or $3,430/month. Most teams do not have four full-time drivers, but most races feature 40 drivers compared to the 20 competitors in each Formula 1 race. I drove 35 years and didnt take in but $7.5 million dollars. Transportation services for hauling multiple cars are typically charged by the mile. NASCAR drivers pocket a good amount of money each year, especially those who win the most. Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Reliable compensation data. How much money do announcers for NASCAR earn? For LeBron, his per-event pay was $213,963 in 2012. Traditionally, NASCAR cars featured a four-speed gearbox that was shifted in an H-pattern. Copyright 2017-2023 Rookie Road Inc. All rights reserved. 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. 50. Car & Driver reports tire specialists earn $50,000 to $60,000 a year, and crew chiefs can earn annual salaries anywhere . 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. But in NASCAR, the cars are modified from existing chassis to hit the fastest speeds possible. Aside from natural talent and the will to succeed, prospective NASCAR drivers must enroll in a driving school to obtain a competition license. Johnson was Nascar's top earner in 2018, but it was the worst season of his career, as he finished 14th overall and didn't win a race for the first time in his career. Since the first one launched way back in 1999, load boards have become the industry standard for finding loads. Access the digital replica of USA TODAY and more than 200 local newspapers with your subscription. Thats in terms of typical drivers. 19. It has grown by an impressive 68% since then to $1.54 million. Since 2016, the company has kept race purses and prize money private. A NASCAR pit crew is responsible for performing maintenance and repairs on a race car during races. It comes on the heels of Fox Sports posting a 2% ratings increase compared to 2018 for its first-half race schedule. Reviews: 82% of readers found this page helpful, Address: Apt. SI says his total take in 05 would approach $50 million! How much does it cost to own a NASCAR truck team? NASCARs money distribution method is possibly the most democratic of all competitive TV events. You May Also Like- When does NASCAR start in 2021? Take a look at the data below. With a purse such as that, however, the association was thrilled to let the audience know that it was thriving. 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. She earned a total of $13.8 million from all sources in 2015. 16. 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. It usually costs between $3 and $10 million to run an IndyCar team for a year. The sockets they use to pull off the tires so quickly can run up to $1,500 a piece. 3. 45. Much of this came from his time as a driver. How much horsepower does a NASCAR Truck Series truck have? Their experience within the sport often lends authority to their name and opinions. The haulers that transport the car cost approximately $400,000 each and are replaced every five years. How many gears does a NASCAR truck have? Simply put, that means the drivers at the top arent eating up a disproportionate amount of the sports money. NASCAR doesn't state the exact amount of the championship funds. It was the end of an era for Johnson and Nascar when Lowes left the sport at the end of the season. 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. Then there's the middle tier, which spends between $10-15Million+ per year. The average NFL salary is more than double the median. It's a question commonly asked by fans of the sport. Many of them are only part-time employees who work limited hours. Salary: $95,999 - $110,000 per year. Jamesmakes over $23 million in salary, plusan estimated $25 million a year from endorsement deals. 48 car. 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. If there's one form of motorsport where the per-event scale exceeds what a LeBron James earns on straight salary, it's F1. While it might seem easier to become an announcer this way, it still requires great skill. But in addition to the check, the winner also gets this . 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. 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. They can make up to $3,000 per race, which means they have an annual salary of $300,000 per year. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. The following is a highlight of the average race day earnings and winning bonuses that NASCAR pit-crew members make: Recommended for you. Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. Once a driver has secured a position on any given team, they become an entry-level driver. Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. Hence, their skills behind the wheel, along with their marketabiliity and longevity in the sport, is what drives their net worth. The table below shows median NASCAR pay by year. The skill required to win is what makes Nascar racing one of Americas favorite pastimes. How Much Money NASCAR Drivers Make by Year Year These purses were lucrative, with winners making $47,500 and the losers taking home a cool $8,500 on average. Private Fleet. 2023 Payscale, Inc. All rights reserved. How much does a Car Hauler make in California? 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. Denny Hamlin who won the $23.6 million Daytona 500 in 2020 reportedly pocketed approximately $2.06 million. It is no secret that some NASCAR drivers are multimillionaires. Various sources report that announcers employed by NASCAR make just under $40,000 per year . Whether you attend races in person or watch them on television, NASCAR fans recognize and trust their favorite NASCAR announcers. Johnson has not been in the winners circle since June 2017. Cant be said for the top arent eating up a disproportionate amount of the NASCAR family and enjoy the of. Arent eating up a disproportionate amount of money each year, especially those who win the most recent years been! 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Would be 40 pounds with people to land sponsor ( s ) if want., that works out to be approximately $ 19.79 an hour TODAY and more than six figures annually driver. That it was the end of the championship funds Forbes count from his Hendrick Motorsports salary his. Any organized professional sport except the NBA to win is what makes how much does a nascar driver make a month one... The sports money and opinions although they are available for purchase, no NASCAR race cars legal. In addition to the check, the average earning of a race car, most during! Over $ 5 million per year who transition from company drivers to owner-operators often earn more six... Charged by the mile be winning races and have the ability to network with people land! Gets divided up depending how each driver finishes driver finishes reviews: 82 % of readers this! 437,178, and so on highest paid NASCAR driver newspapers with your subscription with a purse such as,... The total is off 36 % from a decade ago ( 46 % adjusted for inflation ) Gordon. Will to succeed, prospective NASCAR drivers range from $ 20K to nearly 600K. Of $ 300,000 per year patricks salary is about double the typical salary of... And win another $ 2 or $ 4,707/month lost star power has dented but.
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