2. 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. So, a trucking company can turn into a tremendous success. Today, NASCAR drivers can take home big earnings in the beginning of their careers. The more technical knowledge a driver has, the greater the chances of knowing what to do if and when something goes wrong. Yet it is clear that NASCAR drivers do not make more money than Formula 1 drivers. In the 60s, 70s and 80s auto racing was a low draw with an occasional broadcast on ABC-TVs Wide World of Sports. The teams receive 25% of the television revenue 2022 is the eighth year of a 10-year, $8.2 billion deal while the tracks get 65% and NASCAR gets 10%. NASCAR money is handled something like golf money. As of Dec 29, 2022, the average annual pay for the Nascar Hauler jobs category in Soda Bay is $56,493 a year. NASCAR pays an average salary of $40,750 per year, or $19.59 an hour. But is that the real story? Salaries and earnings of NASCAR drivers fall into two categories: (1) those top drivers who make millions each year and (2) those drivers who are only earning five or six figures and hoping to make millions. NASCAR drivers dont have the same multi-year deals that football players and basketball players get. 2011 : Cassill agreed to run a Nationwide race for James Finch without knowing how much he'd get paid. 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. Between 2001 and 2015, Johnson's race earnings totaled $150,926,713. While thats not exactly equality, its a lot closer to it than the NBA or NFL. Also see:How Much Money Do Pro Golfers Make? Salaries can vary greatly depending on several factors, such as rate of wins, career length, and public sentiment. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. This license allows drivers to enter into as many races as they please, building a reputation as their experience grows. You can earn $100,000 or more a year as a truck driver. This allows the focus to be on the driver and their skill. NBC kicks off its Nascar Cup season coverage this Sunday with a race from Chicagoland Speedway on NBC Sports Network. You had some alcohol sponsorships increase; it happened in NASCAR and in other series, but really, there has been a vacuum created that as drivers, most will tell you they're making nothing like they once did.". This is the equivalent of $791/week or $3,430/month. The NASCAR stock cars of the XFINITY and Monster Energy series average in the neighborhood of 4.15 miles per gallon, according to one of the company's calculations. This money went to a drivers team; however, as the people in the garage had to be paid too. The table below shows median NASCAR pay by year. 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. It was good for those of us who drove during those times, but those kinds of salaries are a fantasy today. The second $25 million is really for his role as a business owner, not directly for Dale Jr.s work as a race car driver. Since the first one launched way back in 1999, load boards have become the industry standard for finding loads. Do NASCAR Drivers Count As Professional Athletes? He got sent $12,000. The average fuel used by a NASCAR during a race is between 2 and 5 miles per gallon. The car version runs off 12V and pulls about 6A, but they also have a version that can be worn, so this device is also usable by pit crew members. Much of this came from his time as a driver. What are the highest paying trucking jobs? 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. For example, Jimmie Johnson took in around $17.5 million in 2018, with that number being made up of winnings and his salary, alongwith various endorsements. Streamlined solutions for every step of the compensation management journey, Transform pay with our enterprise-grade comp platform, Automate compensation with our full-suite solution, Continuously updated compensation datasets from Payscale and our partners, Payscales employer- reported salary data network, The worlds largest employee- submitted pay database, Annual survey salary data from HR industry publishers, The crowdsourced compensation data API for developers, 100% company submitted data from 2,000+ businesses, Flexible, customizable 8. These purses were lucrative, with winners making $47,500 and the losers taking home a cool $8,500 on average. So what gives? It involves many expenses, all of which cost a large amount of money. That number doesnt include sales of Dale Earnhardt Jr. merchandise and earnings from the racing company that he owns. It has grown by an impressive 68% since then to $1.54 million. Kyle Busch: $14.7 million. More is known number wise of who's racing in the Nationwide and Sprint Cup Series. If you have a high level of engineering knowledge, or you've gained enough experience with the team, the base salary can break through the $100,000 per year barrier. A NASCAR race car costs between $20,000 and $100,000, depending on age and condition. For many of the top race car drivers in NASCAR, the big bucks comes not from salary, but from endorsements and win money. The 31-year-old driver won the 2018 NASCAR Cup Series title, and his nickname of "Sliced Bread" tells just how highly regarded this driver is. First and foremost, one must attain a minimum age of 18 years and obtain a driver's license. It costs money to do this stuff: Teams pay a $4,300 entry and inspection fee to have their primary car approved for competition during a NASCAR weekend. Specialty Vehicle Haulers. How much does a Race Car Driver make? (Video) Could've Bought a Supercar, But Our New Trailer Is Way Cooler (Video) NEW 53' RACE TRAILER SETUP!!!!! 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. 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. Their experience within the sport often lends authority to their name and opinions. 32. Just in case you need a simple salary calculator, that works out to be approximately $27.16 an hour. Salary: $58,862. 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. A job as a rookie mechanic can bring in an average salary between $45,000-$65,000 per year. Yes. And some of that steel can end up back in a race shop. The season also marked the end of the 17-year partnership between Johnson and his crew chief Chad Knaus. How much does it cost to own a NASCAR truck team? How does your salary place among these racers? On the other hand, some people learn so much about the sport that their opinions become indispensable. And it can make you a Millionaire in just 2 years. This is a tough job. How much does a Race Car Drivers make? Most people know that the National Football League (NFL) is the most popular sport on TV, but it may raise a few eyebrows to hear that the second highest-rated sport is NASCAR the National Association for Stock Car Auto Racing. At the top of NASCAR racing this can amount to millions a year. The middle 57% of Nascar Drivers makes between $103,862 and $260,376, with the top 86% making $577,997. Patrick is a corporate darling, landing big deals with GoDaddy, Natures Bakery, Aspen Dental, Peak Antifreeze, Coca Cola and others. 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. The total is off 36% from a decade ago (46% adjusted for inflation). Therefore, the maximum penalty would be 40 pounds. twitter 1.1K 989 redditads Promoted THIS IS EPIC!!!! It is impossible to say exactly how much skill a NASCAR driver needs in order to compete, but it can be concluded that skill is most certainly something that NASCAR drivers need to succeed. Jimmie Johnson. There are no LeBrons or Ortizs blowing out the curves. 41 Stewart-Haas Racing team for Code of Conduct and Performance Obligation violations. No Charge. Despite the secrecy on behalf of NASCAR, however, thebest drivers are not hurting. I drove 35 years and didnt take in but $7.5 million dollars. Salary: $95,999 - $110,000 per year. 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. Simply put, that means the drivers at the top arent eating up a disproportionate amount of the sports money. (Video) HUNTING NASCAR DIECAST JR'S HAULER! Well, the primary source that haulers use to find loads in recent years has been online load boards. Can you become a millionaire driving trucks? They can get up to an additional $300 for winning. It was the end of an era for Johnson and Nascar when Lowes left the sport at the end of the season. Your login session has expired. With income attached to advertising dollars, driver salaries are directly tied to the popularity of the sport. When youre racing on a narrow track at high speeds, precision and control are your greatest strengths. NASCAR may have a bit further to go in terms of race. At NASCAR, employees working in business development jobs and engineering jobs tend to earn the highest salaries. It gets harder every yeareven for proven winners and past champions. It generally takes a few years, and usually means that you have become a trainer or work as a team driver. The pay is based on experience and performance, with the top earners making upwards of $500,000 annually. 14. The trucking industry is facing a driver shortage of tens of thousands of drivers. It requires total attention to detail at every step. NASCAR drivers don't have deals similar to that of a footballer or a basketball player, so they have to rely predominantly on winning races and making themselves marketable. Whether you attend races in person or watch them on television, NASCAR fans recognize and trust their favorite NASCAR announcers. In 2020, George Russel, Lando Norris, Daniil Kvyat and several others have been forced out of the top 15 biggest earners. 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). His endorsements earned $20,000,000, bringing his sub-total compensation to $25,761,830. Looking at the highest paid driver, Dale Earnhardt Jr. rules the field with $23.6 million in total earnings for 2015. 3. 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. How Much Do NASCAR Drivers earn in F3 and DTM? Larson lost one of his car's sponsors, DC Solar, when the FBI raided its headquarters and the home of the company's founders in December. First comes the desire to drive racing cars. Jamesmakes over $23 million in salary, plusan estimated $25 million a year from endorsement deals. 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. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. The #1 highest paid NASCAR driver is Dale Earnhardt Jr. Earnhardt made $23.6 million in 2015. It comes on the heels of Fox Sports posting a 2% ratings increase compared to 2018 for its first-half race schedule. Dennis would reportedly come out of pocket to the tune of $1 million per round to acquire Senna's services which, as the Briton would later admit, came at the expense of McLaren's 1994 season due to pulling money out of the team's R&D budget to pay the Brazilian's hefty retainer. Crew chief Mike Shiplett has been fined $100,000 and suspended indefinitely. Many of them are only part-time employees who work limited hours. The average earning of a NASCAR pit crew member is $39,482 per year. But it's worth considering the Formula 1 and Indycar machines are specifically engineered to hit top speeds. For comparison, how much do NFL announcers make? When it comes to NASCAR jobs, where does all that fuel, er, money go? How Much Money Has Every Call of Duty Game Made? The total is off 36% from a decade ago (46%. This is the equivalent of $1,086/week or $4,707/month. It took me 15 years to win the first million. A moderately successful race car driver in a top series like NASCAR or Formula 1 makes between $100,000 and $1 million per year. NASCAR drivers enjoy a very similar median and average pay level. 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. The owner makes money via corporations which pay big bucks for those stickers (sponsorships) that are plastered all over race cars. 5. 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. Our work never stops and we're as determined as ever. Top end players in the other leagues generally do better than NASCAR drivers, with the exception of the NHL. Todays enormous NASCAR drivers salaries are mostly due to television coverage, but it wasnt always so. Thats a total of $25 million. But in NASCAR, the cars are modified from existing chassis to hit the fastest speeds possible. The finances of motorsports are highly complex and, in some cases, can be confidential information. Old number 43 is not exaggerating. The skill required to win is what makes Nascar racing one of Americas favorite pastimes. Regardless of how you get the job, NASCAR commentators at all levels have to be effective communicators. Johnsons $17.5 million tally last year is half of what Earnhardt earned a decade prior as the highest-paid Nascar driver. 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. Settling The Debate. First, NASCAR drivers are paid a salary by their teams. Audience members appreciate that level of expertise and attention to detail that they couldn't get otherwise. The contract covers the 2019 and 2020 season. 47. What are the best states for car hauling? Having said that, a NASCAR Truck Series driver can pocket. He's won many championships and awards and earned the title of "Most Popular Driver" during the 2002 NASCAR Busch Series. Those two points seem to be going farther away than coming together.". 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). Party Bus Driver. 45. 21 You're Too Fast - NASCAR's Power Only Concept. NASCAR drivers also make money from winnings, endorsements and merchandise money. The trucking industry is a multi-billion-dollar industry that rewards very generously those who earn it. 18. 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. Average Uber Driver hourly pay in Toronto, ON is approximately $21.75, which meets the national average. Now a competitive truck team budget can be 2 to 3 million dollars a season and around $100,000 a race. Driving Roush Fenway Racing's No. Without endorsement deals, the top ten highest paid drivers make about $10 million less than the top 10 NBA players. While there are substantial risks to racing (Dale Sr. died on the race track), the pay is still impressive. The top four highest earners remain the same - Lewis Hamilton, Sebastian Vettel, Daniel Ricciardo and Max Verstappen. Access the digital replica of USA TODAY and more than 200 local newspapers with your subscription. The 2017 Cup champion landed on his feet with a multi-year deal with Joe Gibbs Racing. According to the Simply Hired website, the average salary for a race car driver is $38,000 yearly as of 2011. Which driver makes the most money in NASCAR? Cole Custer has been fined $100,000. 39. 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. 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. NASCAR drivers have to have their wits about them, especially if you consider that theyre racing at speeds of over 200 MPH. How much does it cost to own a NASCAR truck team? 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. 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. 38. According to court documents, former Roush Fenway Racing Car Chief Jason Myers earned a base salary of $110,472.96 in 2008. Whether its go-karts or box cars, aspiring NASCAR drivers have to start small if they want to become as famous as David Pearson or Jeff Gordon. Porsche 996 Classic Club Coupe Goes to Auction, Two JGR Crew Members Suspended for Loose Wheel, Tom Brady Is Part of Jota's Privateer Porsche 963. However, NASCAR is a costly business. Airport Shuttle Driver. Without the help of electronic devices, humans make mistakes. They have endorsements and advertisements as well as public appearances. Top paid NBA, MLB and NFL players generally earn about twice the total money of a NASCAR driver in the highest salary bracket. Mining Industry Drivers. 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. Further to go in terms of race takes a few years, and sentiment! Based on experience and Performance Obligation violations $ 110,472.96 in 2008 he #! Coming together. `` Obligation violations been forced out of the NHL make about $ 10 million less the... 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The 2017 Cup champion landed on his feet with a multi-year deal with Joe Gibbs.! Few million dollars up back in 1999, load boards have become the industry standard finding... The racing company that he owns humans make mistakes is between 2 and 5 miles per.! Experience and Performance, with the top four highest earners remain the same - Hamilton... Existing chassis to hit the fastest speeds possible company that he owns generously... Earners making upwards of $ 40,750 per year for inflation ) are mostly due to television coverage, but wasnt!