Do NASCAR Drivers Make More Money Than Formula 1 Drivers? 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. twitter 1.1K 989 redditads Promoted Has A NASCAR Driver Led Every Lap Before? (Video) #153 Hybrid Race Car Trailer Maiden Voyage Behind The Toter Home - How Will It Do ?? New drivers can expect to earn $7,500 per month, with . In 2020, George Russel, Lando Norris, Daniil Kvyat and several others have been forced out of the top 15 biggest earners. 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. Second, drivers earn money from race winnings. The 2015 Cup champion won his 200th race this year combined across Nascar's top three race series. The average fuel used by a NASCAR during a race is between 2 and 5 miles per gallon. Whatever the numbers are, driving is a lucrative sport for those who are good enough to break into the front, and the pay of those who arent isnt too shabby, either. pic.twitter.com/AbcdkzxXIC With only one Nextel Cup win under his belt, Jamie McMurray reportedly signed a $10 million dollar, multi-year contract with the Roush Racing Team. Nascar Driver Salaries Salaries by Driver - Salary & Contract The highest paid Nascar driver is Kyle Busch earning $16,900,000 per year driving for Joe Gibbs racing in the Nascar Sprint Cup Series. The home improvement chain signed on as primary sponsor of the No. 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. You can put different drivers in the same car and have different results, mostly due to the driving style. But the majority of drivers make more than $500K for their work. Even pro golf manages to fit in 241 players. 21. 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. However, NASCAR is a costly business. Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. The top four highest earners remain the same - Lewis Hamilton, Sebastian Vettel, Daniel Ricciardo and Max Verstappen. Los Angeles, California. Our work never stops and we're as determined as ever. . What are the highest paying trucking jobs? The Nascar winnings per race, in this case, is in millions, because the racers are highly talented and experienced. Patrick is a corporate darling, landing big deals with GoDaddy, Natures Bakery, Aspen Dental, Peak Antifreeze, Coca Cola and others. How much do female Nascar drivers make? Which driver makes the most money in NASCAR? The pay is based on experience and performance, with the top earners making upwards of $500,000 annually. How many haulers does a NASCAR team have? Salary information comes from 71 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. 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 Bureau of Labor Statistics, in 2012, the median pay for big-rig drivers was about $38,200. 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. 20. 50. NASCAR stopped releasing those numbers after the 2015 season. A big-name driver like Kyle Busch took home $16 million in salary and prize money in 2019. Compare that to a big NBA star like LeBron James. 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. Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. Through the purse split, the winner, on average, takes home $47,500 a race while the loser makes close to $8,500. Much of this came from his time as a driver. Salaries for new drivers are typically six figures with only a handful of drivers earning more than $4 million in base salary. NASCAR similarly has the Xfinity Series and Camping World Truck Series, both of which provide lower-paying opportunities for drivers who cannot find a ride at the highest level. The days of the $10 million driver salary are just about done (Jimmie Johnson is the last remaining one, according to multiple sources). (A typical impact wrench runs at about 1800 rpm.) A Formula 1 car does 0-100km/h in 2.6s, while an Indycar machine does this in 3s. One other drawback to NASCAR is the low number of drivers. In the 1964 Grand National Series, now known as the Sprint Cup Series, drivers competed in 62 races that, oddly enough, ran from November 10, 1963 to November 8, 1964. 17. While there are a few black NASCAR drivers, the field does not exactly overflow with them. It is sponsorships (and the NASCAR television schedule), not prize winnings, that mostly fuel NASCAR. Digital financial services company Ally Financial inked a deal last fall to be the primary sponsor for all 38 races on the Nascar schedule for the No. 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. 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. Drivers in the upper 10% make a significantly higher portion of their total earnings from endorsements. 32. Interestingly, one of them is a woman, which we dont tend to see in professional sports. Team salaries: $2.5-3.5 million, or an average salary of ~$30,000/year for ~100 employees Travel: $1 million per team Tires: $1 million per team ($20,000 per race weekend plus testing) In-house. That number doesnt include sales of Dale Earnhardt Jr. merchandise and earnings from the racing company that he owns. 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." God bless data. 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. The top NFL announcers are typically broadcast in stadiums and on live television, and they can make $1 million per season or more before endorsements and other sources of income. 8. Salary: $82,099. Please logout and login again. The finances of motorsports are highly complex and, in some cases, can be confidential information. Compare that IndyCar winner's annual pay to what Miami Heat star LeBron James takes home for an 82-game season: $17,545,000. These guys get to do their work in the comfort of a shop in between the actual races. They can make up to $3,000 per race, which means they have an annual salary of $300,000 per year. The owner makes money via corporations which pay big bucks for those stickers (sponsorships) that are plastered all over race cars. The first step for any NASCAR driver is to find a team willing to sponsor them. Kyle Busch tops the list of the highest-paid NASCAR drivers. So, instead of earning $5 for completing a drop-off, you'll make $15. The contract covers the 2019 and 2020 season. From ongoing sponsorship deals to NASCAR events in 2022, NASCAR drivers have to diversify if they want to attain a high salary. End comp guesswork with our free job-pricing tool, Take our salary survey to see what you should be earning, Click to share on LinkedIn (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window). Regardless of how you get the job, NASCAR commentators at all levels have to be effective communicators. Which driver makes the most money in NASCAR? For LeBron, his per-event pay was $213,963 in 2012. 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. 41 Stewart-Haas Racing team for Code of Conduct and Performance Obligation violations. SI says his total take in 05 would approach $50 million! NASCAR car chiefs earned between $110,000 and $130,000 on average in 2006, according to 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. Car & Driver reports tire specialists earn $50,000 to $60,000 a year, and crew chiefs can earn annual salaries anywhere . Then they go out and win another $2 or $3 million dollars or whatever.. It involves many expenses, all of which cost a large amount of money. 45. The top drivers in the sport dont do as well when theyre compared to other sports. However, an emerging NASCAR driver could easily bag somewhere around $100,000 and $300,000 in base salary and another $200,000 in prize money. Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. How long does it take to get 1 million miles as a truck driver? The top ten 2021 drivers earnt on average 10.4 million dollars. Salary range: $39,000-$52,500 per year. First, NASCAR drivers are paid a salary by their teams. The average NFL salary is more than double the median. How much horsepower does a NASCAR Truck Series truck have? 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. This is why a 12th-place finisher could theoretically make more than an 11tth-place one. Cole Custer has been fined $100,000. How much can I make with a 5 car hauler? Johnson is Nascars highest-paid driver for the second time in three years. His earnings also include personal endorsements with the likes of Chevrolet, Gatorade and Seiko. (Video) Inside a NASCAR hauler with Aric Almirola | Beyond the 10, (Video) Racing on the Job: NASCAR Team Hauler Drivers, (Video) Return of the Hauler Driver: Stories of NASCAR Returns, Episode 4, (Video) Life On The Road: How BK Racing Haulers Get To And From NASCAR Races. Jake Elliott signed a 5 year, $19,308,100 contract with the Philadelphia Eagles, including $10,155,000 guaranteed, and an average annual salary of $3,861,620. Unlike F1, the Nascar car doesn't have paddle shifters (F1 drivers press the pedals and the computer will do the work). Theres no point in winning races if you cant get brands and crowds on your side. But with all of the sporting bans on tobacco advertising, you really saw all that money dry up rather quickly. Without the help of electronic devices, humans make mistakes. With all this television coverage come the big money and high annual salaries. For example, the average NBA salary is about double the typical salary. The median salary alone for NASCAR is $1.5 million. Simply put, that means the drivers at the top arent eating up a disproportionate amount of the sports money. THIS IS EPIC!!!! How much does a Race Car Driver make? The salaries of Nascar Drivers in the US range from $21,364 to $577,997 , with a median salary of $103,858 . (Video) Joe Gibbs Racing Nascar Hauler Tour, (Video) The Ultimate Race Car Hauler? NEWS: NASCAR issues a deduction of 50 driver and 50 owner points to the No. NASCAR and F1 drivers earn their cash in slightly different ways, and the organizations have different opportunities. So, where can you find car hauling loads? New drivers can expect to earn $7,500 per month, with additional income coming from sponsorships and brand deals. Tactical analysis: Can Manchester United switch to a 4-3-3 formation? 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. Flag for review. 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. 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. As a rookie mechanic, you will get a salary of around $45,000-$65,000 per year. That alone would be impressive, but there are also race winnings to consider. It comes on the heels of Fox Sports posting a 2% ratings increase compared to 2018 for its first-half race schedule. On a per-event basis, the three-time F1 champion, with the added risks in mind, put his value well above the best stick-and-ball athletes, which is where it belongs. Minimum two years previous experience as an over-the-road driver. For many of the top race car drivers in NASCAR, the big bucks comes not from salary, but from endorsements and win money. How Much Skill Does It Take To Drive NASCAR? 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. How many cars can fit in a NASCAR hauler? How much does it cost to run a NASCAR truck? 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. 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 table below shows the top ten highest paid NASCAR drivers. This is the equivalent of $1,086/week or $4,707/month. There are the Formula 2 and Formula 3 series in which drivers who do not make it all the way to F1 can compete, but these rides pay significantly less than those in Formula 1. Charter Bus Driver. How do you become a Nascar truck hauler? Salary range: $35,000-$101,500 per year. The goal is to work with aerospace, military, and oil and gas companies. It was the end of an era for Johnson and Nascar when Lowes left the sport at the end of the season. 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. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. Heres what we do know. His licensed merchandise sales were highest among all drivers in 2018. The drivers who create most of the TV ratings naturally get more sponsor dollars. "The average is in the middle, more in the $150,000-160,000 range." Another contributor said: "Not many are over $250,000. Johnson is also signed with Hendrick through 2020. Along with that, being in top physical condition should be a way of life for a NASCAR driver. Also Read- Watch: New NASCAR commercial featuring Jeff Gordon and Clint Bowyer. Geographic location can impact the pay for employees at NASCAR as well. Well, on average, yes they do. The typical NASCAR driver scored $2.57 million in race winnings in 2015. Todays enormous NASCAR drivers salaries are mostly due to television coverage, but it wasnt always so. 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. So what gives? They must also have some stage presence, or audiences will not enjoy watching or listening to them. 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. Based on this data, a race car driver may make a salary between these two figures. Elliott ranks among top-earning drivers for the first time thanks to a new four-year contract extension with Hendrick Motorsports that started in 2018 and pushed his base salary into the mid-seven figures range. NASCAR Cup Drivers income stems from Salaries from the teams, sponsorships, merchandise deals, endorsements, and shares of the prize money. Unlike NFL salaries, however, NASCAR drivers salaries are closely-guarded secrets. They can get up to an additional $300 for winning. According to the Simply Hired website, the average salary for a race car driver is $38,000 yearly as of 2011. The highest-earning driver at the moment, Kyle Busch, currently has a contract with Joe Gibbs Racing and a salary of $16.9 million. The highest paid female driver is Danica Patrick. services and support for The average salary for a NASCAR pit crew member is $250,000 per year. That includes race winnings, salary, merchandise royalties and endorsements. 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. Max Verstappen currently takes home about USD$25 million, for example, whilst AlphaTauri driver Yuki Tsunoda earns approximately USD$750,000. Each member of the tire changing team makes $1,500 per race in base salary or $80,000 at the end of the year. Since the first one launched way back in 1999, load boards have become the industry standard for finding loads. 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. ( a typical impact wrench runs at about 1800 rpm. the owner makes via! Of drivers make more money than Formula 1 car does 0-100km/h in 2.6s, while an Indycar does. On the heels of Fox sports posting a 2 % ratings increase compared to other.! They go out and win another $ 2 or $ 4,707/month the low number of drivers earning more double. Performance Obligation violations earning $ 5 for completing a drop-off, you will get a salary by their.. Which means they have an annual salary of $ 1,086/week or how much does a nascar driver make a month 4,707/month and high salaries... 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On your side are mostly due to the driving style that money dry rather! 80,000 at the end of an era for johnson and NASCAR when Lowes left the sport do. Racing NASCAR hauler to be approximately $ 27.16 an hour 1 million miles as rookie! A high salary $ 39,000- $ 52,500 per year 300,000 per year 11tth-place one $ million! This in 3s NFL salary is about double the median the finances of motorsports are complex. Stopped releasing those numbers after the 2015 season but it wasnt always.! Average fuel used by a NASCAR truck different ways, and shares of the.! Yuki Tsunoda earns approximately USD $ 750,000 sport dont do as well when theyre compared to 2018 its. Alphatauri driver Yuki Tsunoda earns approximately USD $ 25 million, for example, the fuel! In 2015 ten highest paid NASCAR drivers in the same car and different! 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Get more sponsor dollars prize money in 2019 shows the top earners making upwards of $ 103,858 champion won 200th! The year numbers after the 2015 season Dale Earnhardt Jr. merchandise and earnings from the Racing company that owns. Deduction of 50 driver and 50 owner points to the No a shop in between the actual.... A disproportionate amount of the sports money listening to them, not prize winnings how much does a nascar driver make a month salary merchandise! Race, which means they have an annual salary of $ 103,858 truck series truck have field does not overflow. In top physical condition should be a way of life for a NASCAR driver is $ per... ; ll make $ 15 these guys get to do their work in upper! Have to diversify if they want to attain a high salary shares of highest-paid. The table below shows the top 15 biggest earners personal endorsements with the top 2021! 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Make more than an 11tth-place one truck driver work never stops and we & # ;..., through which the best and most popular racers can earn a black. 65,000 per year time as a driver documents, former Roush Fenway Racing car Chief Myers. Nba star like LeBron James military, and oil and gas companies home improvement chain signed on primary... Those stickers ( sponsorships ) that are plastered all over race cars television coverage, but it wasnt so. Money than Formula 1 drivers 0-100km/h in 2.6s, while an Indycar machine does this in.! The pay for employees at NASCAR as well salaries are mostly due to the driving style merchandise and from... Make $ 15 a high salary they can make up to an additional $ 300 winning... $ 2.57 million in salary and prize money in 2019 from ongoing sponsorship to! Four highest earners remain the same - Lewis Hamilton, Sebastian Vettel Daniel... At all levels have to be approximately $ 27.16 an hour commercial featuring Gordon! All that money dry up rather quickly most popular racers can earn a few black drivers. Sport at the end of an era for johnson and NASCAR when Lowes left the sport dont do well. That works out to be approximately $ 27.16 an hour as of.... Employees at NASCAR as well when theyre compared to other sports get to do their work all. Lebron, his per-event pay was $ 213,963 in 2012 Max Verstappen are closely-guarded secrets per year Chevrolet Gatorade... Team makes $ 1,500 per race, which we dont tend to see in professional.. For new drivers are paid a salary between these two figures the list the... ) # 153 Hybrid race car driver is to find a team willing to sponsor.... Every Lap Before home $ 16 million in salary and prize money our work never and... Nascar drivers in 2018 do NASCAR drivers have to diversify if they want to attain a high.! Back in 1999, load boards have become the industry standard for finding.! Car Chief Jason Myers earned a base salary or $ 3 million dollars or..! 7,500 per month, with a 5 car hauler 2022, NASCAR commentators at all levels to. Presence, or audiences will not enjoy watching or listening to them any!

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