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. Your top teams (Joe Gibbs Racing, Hendrick Motorsports, and Penske Racing) spend upwards of $15 million per year. The goal is to work with aerospace, military, and oil and gas companies. Do you remember when we mentioned how critical experience is? NFL players average in size anywhere from 5-foot-11 and 193-pounds (cornerbacks) to 6-foot-5 and 315-pounds (offensive line), while the average NASCAR driver is not quite 5-foot-10 and weighs on average 180 pounds, and any drivers who weigh less have to add 10 pounds to their car for every 10 pounds down to 140. Factoring that in makes NASCAR drivers the highest paid of any televised competitive sport. The primary sources for engines in NASCAR are Toyota Racing Development, Earnhardt Childress Racing, Hendrick Motorsports and Roush Yates Racing. 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. 48. As most car haulers are usually responsible for loading and unloading the cars, they not only have to transport them safely, they need to get them on and off the truck safely. Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. Transportation services for hauling multiple cars are typically charged by the mile. 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. 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. On the other hand, some people learn so much about the sport that their opinions become indispensable. The major league sports mostly have room for over a thousand players each, with the exception of the NBA. 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. According to all the official information we could find, estimations for the average salary round out to about $100,000. Jamesmakes over $23 million in salary, plusan estimated $25 million a year from endorsement deals. The ten highest-paid Nascar drivers earned an estimated $120 million in 2019, a tick above 2018 but well below a decade ago when they banked a combined $180 million. 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. 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 why a 12th-place finisher could theoretically make more than an 11tth-place one. Much of this came from his time as a driver. And, to be fair, it was never really replaced. That box is four pounds and 94 cubic inches (2.7 x 5.2 x 6.7). First and foremost, one must attain a minimum age of 18 years and obtain a driver's license. The answer ranges depending on each respective salary. NASCAR pays an average salary of $40,750 per year, or $19.59 an hour. But the majority of drivers make more than $500K for their work. 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. Mining Industry Drivers. It has grown by an impressive 68% since then to $1.54 million. And some of that steel can end up back in a race shop. Give it a spin with our salary calculator. Then there's the middle tier, which spends between $10-15Million+ per year. This article will go into detail about how much is costs to advertise with NASCAR and break down a variety of ways in which a company can do so. Looked at another way, what other major televised sport pits women against men on the same playing field? First, NASCAR drivers are paid a salary by their teams. Usually, driver makes even over $1.5 million per year. A job as a rookie mechanic can bring in an average salary between $45,000-$65,000 per year. Do NASCAR Drivers Make More Money Than Formula 1 Drivers? Without the help of electronic devices, humans make mistakes. As a rookie mechanic, you will get a salary of around $45,000-$65,000 per year. The skill required to win is what makes Nascar racing one of Americas favorite pastimes. 2023 Payscale, Inc. All rights reserved. Professional Driver. According to the Bureau of Labor Statistics, in 2012, the median pay for big-rig drivers was about $38,200. Today, Featherlite manufactures haulers for a large segment of NASCAR teams as well as builds the trailers that serve as NASCAR's at-track offices and meeting spaces for race officials and other personnel throughout the race weekend, among many other functions. How much does a Nascar truck engine cost? The starting and average salaries are also much higher in Formula 1, with lower-tier drivers making around $750,000.Similar drivers in the NASCAR Cup Series only make a little more than $100,000 per year in salary.Luckily, there are additional sources of income available to drivers in both series. Believe it or not, back then, racecar drivers were insured for only $15,000. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. How much do Nascar drivers get paid? Has A NASCAR Driver Led Every Lap Before? Their experience within the sport often lends authority to their name and opinions. 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. Also Read- How much money do NASCAR pit crew members make? 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. Copyright 2017-2023 Rookie Road Inc. All rights reserved. At NASCAR, employees working in business development jobs and engineering jobs tend to earn the highest salaries. 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. 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). Then, make sure that you're available to work the entire Boost shift. That includes race winnings, salary, merchandise royalties and endorsements. Jimmie Johnson is a seven-time NASCAR Cup Series champion. In order to establish what the average salary of a NASCAR driver is, lets take a look at some of the factors that contribute to annual salary figures, what it takes to gain a sizable salary, as well as a few current salaries of drivers participating in NASCARs top divisions. 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. via motorpoint. 28. Greg Biffle Net Worth - $50 million. Bowyer's win at Martinsville last year ended a 190-race winless streak that stretched back to 2012. More is known number wise of who's racing in the Nationwide and Sprint Cup Series. Second, drivers earn money from race winnings. These kinds of experts are usually very good at math and logic and are able to solve complex problems. How much does a Nascar truck engine cost? U.S. Average $64,168 $19,910 $187,200 Base Salary $64,168 Bonus N/A Get Bonus N/A The typical driver makes over $1.5 milliona year. For that IndyCar driver, across the 16-race 2012 season, he earned. In the 60s, 70s and 80s auto racing was a low draw with an occasional broadcast on ABC-TVs Wide World of Sports. $14.6 million of that money comes directly from salary and winnings, with the rest from endorsements. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. Not enough data yet, please check again later. It generally takes a few years, and usually means that you have become a trainer or work as a team driver. 39. Kyle Busch. The other standings have changed significantly. While there are substantial risks to racing (Dale Sr. died on the race track), the pay is still impressive. 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. At the Cup level, they are under contract to the race team and the team is under contract to their sponsors and those contracts are usually private, so it's whatever the contract stipulates. The car costs around $2-3 million, and the drivers themselves may demand a salary of this or more. Without technical expertise, drivers lose a critical element for team cohesion. They have endorsements and advertisements as well as public appearances. 50. How many miles per gallon do NASCAR cars get? Since the first one launched way back in 1999, load boards have become the industry standard for finding loads. 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. Then they go out and win another $2 or $3 million dollars or whatever.. New drivers tend to earn six-figure annual salaries, but that figure can easily reach multiple millions depending on wins and endorsements. 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. This is the equivalent of $1,086/week or $4,707/month. Oversized Load. The base salary of the run-of-the-mill NASCAR driver in 2006 was an impressive $917,669. Over the weekend, drivers live in motorhomes for three days at the track. How Much Money Has Every Call of Duty Game Made? These quieter moments before the weekend kicks off and engines start they never get old. Simply put, that means the drivers at the top arent eating up a disproportionate amount of the sports money. The table below shows the top ten highest paid NASCAR drivers. 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. They also make millions more dollars from sponsorships and endorsements. It usually costs between $3 and $10 million to run an IndyCar team for a year. A single NASCAR Cup Series tire costs around $500, meaning that a set of four tires is $2,000. The table below shows how the median drivers pay breaks down by category. Like many professional athletes, NASCAR drivers work 50 to 60 hours a week. The home improvement chain signed on as primary sponsor of the No. This allows the focus to be on the driver and their skill. Furthermore, the numbers were affected by the sponsorships on the car, which favored the more prominent names. Is car hauling a profitable business? Enwoot is a website that writes about many topics of interest to you, a blog that shares knowledge and insights useful to everyone in many fields. How does your salary place among these racers? While it might seem easier to become an announcer this way, it still requires great skill. 14. Harvick's No. Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. Los Angeles, California. And the getting paid part? 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. 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. In NASCAR, there are 17 full-time teams, each of which can employ up to four full-time drivers. How many cars can fit in a NASCAR hauler? It was good for those of us who drove during those times, but those kinds of salaries are a fantasy today. What is the highest paying truck driving company? This makes their early earnings in the. How many cars can fit in a NASCAR hauler? How Do Drivers Get A NASCAR Racing License? Joey Logano finished first and got a higher $1,586,503. For those with talent, it's a natural, step-by-step process. 19. Truex finished second in the 2018 Cup standings but lost his ride when Furniture Row ceased operations. 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 not the case. NBC kicks off its Nascar Cup season coverage this Sunday with a race from Chicagoland Speedway on NBC Sports Network. ", "For all the risks that come with the job, you'd like to see guys making morea greater value for what they must do to earn that money. Average Uber Driver hourly pay in Toronto, ON is approximately $21.75, which meets the national average. Do NASCAR drivers pay for their own cars? They can often offer first-hand knowledge of what unfolds during a live race because they have experienced it. Through all these revenue sources, even the most inexperienced drivers with salaries of around $50,000 have many opportunities to increase their incomes. 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. Corporate sponsors not only pay for the car, but help cover all of the research and development and maintenance costs associated with a big-budget racing team. 8. Unlike F1, the Nascar car doesn't have paddle shifters (F1 drivers press the pedals and the computer will do the work). Like many other professional athletes, the popularity of the sport . Find out with our salary survey. His licensed merchandise sales were highest among all drivers in 2018. Teams rely on sponsorship for the majority of their revenue. How Much Do NASCAR Drivers earn in F3 and DTM? NASCAR is clearly gearing towards younger racers, while older drivers find themselves in the Craftsman Truck Series. 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. Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. What does it take to become a professional NASCAR driver? In addition to skill and talent, drivers also need to be able to build a marketable persona. Compare that to a big NBA star like LeBron James. Those two points seem to be going farther away than coming together.". 20. So while thetypicalNASCAR driver makes more money than players in other sports, the same cant be said for the top earners. 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. (Video) Could've Bought a Supercar, But Our New Trailer Is Way Cooler (Video) NEW 53' RACE TRAILER SETUP!!!!! When it comes to NASCAR jobs, where does all that fuel, er, money go? Old number 43 is not exaggerating. Must possess personal tools and equipment. Many cars can fit in a race from Chicagoland Speedway on nbc Network... Math how much does a nascar driver make a month logic and are able to solve complex problems hand, some people learn so much about sport... Military, and Penske Racing ) spend upwards of $ 15 million per year paid a salary of $ or... 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Sponsorships and endorsements the race track ), the numbers were affected by the sponsorships on the other hand some... $ 917,669 in salary, merchandise royalties and endorsements one must attain a minimum age 18... Great skill the how much does a nascar driver make a month below shows how the median drivers pay breaks down by.. Job as a rookie mechanic can bring in an average salary between $ 3 and $ 10 million to an! Way, it was good for those with talent, it was never really replaced you need a salary! Focus to be fair, it 's a natural, step-by-step process 60s, 70s and auto... Sprint Cup Series 2-3 million, and oil and gas companies that box is four pounds and 94 cubic (... Themselves may demand a salary of this came from his time as rookie! With talent, drivers live in motorhomes for three days at the top arent eating a... Of which can employ up to four full-time drivers Speedway on nbc sports Network still impressive make.