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. New drivers can expect to earn $7,500 per month, with . 18. NASCAR pays an average salary of $40,750 per year, or $19.59 an hour. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. 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. They can get up to an additional $300 for winning. "I made that back in 1972!" He earned $17.5 million in 2018 by Forbes count from his Hendrick Motorsports salary and his cut of winnings and licensing. The typical NASCAR driver makes $5 million a year from all sources. A Formula 1 car does 0-100km/h in 2.6s, while an Indycar machine does this in 3s. 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. 39. Over the weekend, drivers live in motorhomes for three days at the track. The average fuel used by a NASCAR during a race is between 2 and 5 miles per gallon. So while thetypicalNASCAR driver makes more money than players in other sports, the same cant be said for the top earners. Traditionally, NASCAR cars featured a four-speed gearbox that was shifted in an H-pattern. Race Car Drivers make the most in Los Angeles at $64,168, averaging total compensation 0% greater than the US average. Settling The Debate. He's won many championships and awards and earned the title of "Most Popular Driver" during the 2002 NASCAR Busch Series. How much does a Car Hauler make in California? 2. A big-name driver like Kyle Busch took home $16 million in salary and prize money in 2019. His endorsements earned $20,000,000, bringing his sub-total compensation to $25,761,830. In fact, the middle-of-the-road NASCAR driver makes more from race winnings than from salary at over $2.5 million a year. 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. Reviews: 82% of readers found this page helpful, Address: Apt. 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. How much does a Race Car Driver make? 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. Schedule a personalized demo to feel the power of Payscale, Find salary information for similar job titles and locations, Reliable compensation data. 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. And, the NASCAR drivers also earns money from winnings, merchandise money and endorsements mainly. Owning a NASCAR team can be expected to be a very hefty investment. Their experience within the sport often lends authority to their name and opinions. Now that's a long season. This makes their early earnings in the. Driver Salaries 2022: View other Nascar salaries Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. Hamlin has personal endorsement deals with big brand names Coca-Cola and Nike's Jordan Brand. The days of the $10 million driver salary are just about done (Jimmie Johnson is the last remaining one, according to multiple sources). 8. Winning races can make low-paying rides much more profitable for drivers. Even pro golf manages to fit in 241 players. No Charge. However, exacting skills take time and experience to master. 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. 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. Find out with our salary survey. How much does a Driver make at Uber in Toronto, ON? The goal is to work with aerospace, military, and oil and gas companies. That alone would be impressive, but there are also race winnings to consider. It usually costs between $3 and $10 million to run an IndyCar team for a year. But in addition to the check, the winner also gets this . Along with that, being in top physical condition should be a way of life for a NASCAR driver. What You Should Know About Multi-Car Accidents, A first look at the Ford Mustang Mach-E GT at CARMAX, AKT Motorcycles are now in Full Throttle at Courts Trinidad and Tobago, TTASA Drag Racing Championship #1 for 2023, TTASA Drag Racing Live Stream January 2023. A NASCAR race car costs between $20,000 and $100,000, depending on age and condition. And, to be fair, it was never really replaced. While their earnings vary, a good year can also mean over $130,000 for a race if they finish at the top. But is that the real story? Adding up median salary, race winnings and endorsement money puts the median NASCAR drivers total pay up over $5 million per year. The two drivers provide a perfect representation of how age and experience impact overall earnings. Do you remember when we mentioned how critical experience is? The trucking industry is facing a driver shortage of tens of thousands of drivers. What is the highest paying truck driving company? What is the highest paid driving job? 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. 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. 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. We may earn money from the links on this page. 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. 48 car in 2001 before Johnson had won a race. That number doesnt include sales of Dale Earnhardt Jr. merchandise and earnings from the racing company that he owns. Will Simple Green remove oil from asphalt? Having said that, a NASCAR Truck Series driver can pocket. Car hauling can be a very lucrative career, though jobs can range quite a lot in pay. If they're part of a winning team, they can get an extra $500 per race. NASCAR drivers have to have their wits about them, especially if you consider that theyre racing at speeds of over 200 MPH. Simply put, that means the drivers at the top arent eating up a disproportionate amount of the sports money. The #1 highest paid NASCAR driver is Dale Earnhardt Jr. Earnhardt made $23.6 million in 2015. How many miles per gallon do NASCAR cars get? It has grown by an impressive 68% since then to $1.54 million. He backed it up with a June win at the Michigan International Speedway. 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. 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. While thats not exactly equality, its a lot closer to it than the NBA or NFL. 45. Jimmie Johnson. So, a trucking company can turn into a tremendous success. Jimmie Johnson is the highest-paid Nascar driver of all time. A single NASCAR Cup Series tire costs around $500, meaning that a set of four tires is $2,000. Coming to the actual NASCAR Pit Crew Members', they get paid as per their precise and quick work during racing day. NASCAR drivers also make money from winnings, endorsements and merchandise 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. How much does a Nascar truck engine cost? Drivers in the upper 10% make a significantly higher portion of their total earnings from endorsements. An NASCAR-grade impact wrench can cost upwards of $4,500. A job as a rookie mechanic can bring in an average salary between $45,000-$65,000 per year. It gets harder every yeareven for proven winners and past champions. They may also have product lines and investments. It requires total attention to detail at every step. In that context, one needs to be winning races and have the ability to network with people to land sponsor(s). Todays enormous NASCAR drivers salaries are mostly due to television coverage, but it wasnt always so. 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. The higher a driver places in each race, the more money they get to take home. . Today's most famous NASCAR announcers include Clint Bowyer, Dale Earnhardt Jr. and Steve Letarte. Copyright 2023 Endgame360 Inc. All Rights Reserved. The total is off 36% from a decade ago (46% adjusted for inflation). The most expensive location is on the hood of a race car, most prominent during TV broadcasts. NASCAR and F1 drivers earn their cash in slightly different ways, and the organizations have different opportunities. NASCAR Driver Salary vs. F1 Driver Salary. Owning a NASCAR team can be expected to be a very hefty investment. When it comes to NASCAR jobs, where does all that fuel, er, money go? Looking at 70,845 driver outcomes from 1949-2005 in NASCAR, the pole winner won the race 22% of the time. Getting an internship with NASCAR and passing the test to obtain the competition license can be the possible road ahead. New Rules change for 2020:- 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. 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. Then, with a verifiable display of talent and success, comes the desire to get paid to drive those racing cars. You could say the salaries reflect the times, but that doesn't change the inherent danger in what we do. 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. Drivers have to be willing to make public appearances, promote their sponsors, and do their part to ensure the growth of NASCAR via fan interactions and press interviews. Can also mean over $ 5 million a year from salaries, endorsements and share! Lot closer to it than the NBA or NFL salary information for similar job titles and,... Winnings and licensing gets this team, they can get an extra $ 500 per race 25,761,830., on up with a June win at the top detail at step! If you consider that theyre racing at speeds of over 200 MPH license can be expected to fair! That & # x27 ; s a long season the desire to get paid to drive those cars. 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