Usually, drivers get 40 percent of the purse, while the team gets 60 percent, which goes to the team members and the pit crew. However, new stock car drivers often make between $100,000 and $500,000 a year as they enter the sport. NASCAR does this in order to keep the sport fresh and interesting for the drivers and fans. Here are the details for the second race of the year. Also, the crew chief is no longer penalized unless they are one of the two crew members responsible for putting on the tire that comes off. He has since The changes are expected to lead to a 30% reduction in downforce. The penalty to crew members was reduced to two races this year. There are several factors that come into play when determining a racecar drivers sponsor. But for Dale Jrs nephew, it has been a rocky ride. The weather eliminated Saturdays scheduled Xfinity qualifying session, and the 38-car starting grid was set by rulebook metrics. Your login session has expired. Hamlin said that hypothetically $500k would not be enough to pay a driver. He has what many would consider a high middle-class, 2,000-square-foot home. Getting an internship with NASCAR and passing the test to obtain a competition license can be a possible road ahead. 6 last week), Ricky Stenhouse Jr. (No. Petty, a retired Cup Series driver and an NBC Sports NASCAR analyst, will lead more than 125 motorcyclists on a seven-day, 1,500-mile ride, a journey that raises funds for Victory Junction Gang Camp, a camp for children with chronic illnesses. He tested and received a portion of prize money for six Nationwide races. NASCAR announced Tuesday that it will make changes to the Cup car for road course events and a majority of races at tracks 1.058 mile and less. You might also like: Top 5 fastest cars in NASCAR history, Be the first one to comment on this story. Jake Paul vs Tommy Fury: Will there be a rematch? Having said that, becoming a NASCAR driver requires patience and years of hard work. For a 24-year-old, many people would say he has made a lot of money. Three non-Xfinity regulars topped $1 million in earnings as well: Truck Series driver Erik Jones ($1,399,408) and Sprint Cup drivers Austin Dillon $1,271,379) and Kyle This does not include the amount of money given out at the end of the year if the drivers win races or their championship. Series champion Chris Buescher led the way with $1,894,800, followed by Regan Smith ($1,609,310), 2014 series champ Chase Elliott ($1,550,529), Daniel Suarez ($1,516,316), Ty Dillon ($1,434,768), Elliott Sadler ($1,213,855), Darrell Bubba Wallace Jr. ($1,212,362), Brian Scott ($1,201,584), Ryan Blaney ($1,189,380) and Brendan Gaughan ($1,150,435) rounded out the top 10. Forgot password? Drivers earn money via two different methods. Reminder: The @NASCAR_Xfinity Series race from Fontana is just minutes away on FS2! The cars are also much lower. Who are some of the highest earners in NASCAR history? So the modern purse system has developed into the system that we use today. The main factors include the following: Its easy to believe that all NASCAR drivers pay must be based on merit and them being skilled enough to win races. PHOTOS: Classic Martinsville pics | Best and worst TV announcers. They are getting paid by personal service agreements with the sponsors they bring or just doing it to stay involved. He sued BK Racing for payment as they argued over how much he was owed he had earned $355,000 through the actual pay-by-finish structure. Three non-Xfinity regularstopped $1 million in earnings as well: Truck Series driverErik Jones($1,399,408) and Sprint Cup drivers Austin Dillon $1,271,379) and Kyle Busch ($1,095,389). He mentored Jeff and told him the same thing. 7 last week), Martin Truex Jr. (No. For more on the Kyle Petty Charity ride, visit the rides website. The NASCAR Xfinity Series 2022 will be kicking off this February 19, see the complete racing and teams info down in the article. 10. .if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'motorracingsports_com-large-mobile-banner-1','ezslot_7',112,'0','0'])};__ez_fad_position('div-gpt-ad-motorracingsports_com-large-mobile-banner-1-0'); As well cover in more detail below, the earnings of a NASCAR driver are not just based on prize money from races. I think in order its Johnson, Busch, Hamlin, Harvick, and maybe Elliott. These tweaks are usually announced a week or two before the race is run. Since the early days of the Xfinity Series, many NASCAR Cup Series drivers have used their days off to drive in the NXS. Dropped out: Ryan Blaney (No. NASCAR says farewell to Fontana on Sunday, Feb. 26 with the Pala Casino 400. Adjustments will be made to the car that will create a significant reduction in downforce, and based on driver feedback and what we saw from the January test in Phoenix, were excited to see the results of these efforts.. This is even better as it goes in depth in how the salary changed year by year and what other sort of bonuses were given. Brad Keselowski (unranked last week) Keselowski was in the mix in the closing laps at Fontana and finished seventh. A quick glance at the NASCAR store reveals a huge wealth of merchandise, including t-shirts, racing helmets for display, caps, model cars, tumblers, kids toys and a lot more. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. He has deals with Hooters, NAPA, Chevrolet, Valvoline and Untuckit, among others. He earned 30-40 percent of the prize money of his 19 Nationwide races, so that was about another $200,000. In the NASCAR Camping World Truck Series, Kyle Busch finished 21st in the season-ending Xfinity Series race at Homestead-Miami Speedway. I paid a lot more money in taxes than I should have just because I didnt spend it in the right places.. That stands to reason. But BK Racing also guaranteed him $500,000 for the season if he didnt reach that through the performance-based structure. The NASCAR Xfinity Series heads to Fontana, California, to compete at Auto Club Speedway. NASCAR Xfinity and Truck Series drivers can expect to get anywhere from $100,000 to $300,000 as a main salary based on their seniority and marketability, on top of around $200,000 or so of additional prize money.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'motorracingsports_com-banner-1','ezslot_13',114,'0','0'])};__ez_fad_position('div-gpt-ad-motorracingsports_com-banner-1-0'); There are other bonuses and prizes up for grabs in these racing series, too. He has deals with Rheem, Subway, Busch, Ford and Mobil, among others. Told him to get in on the licensing side regarding his signature and likeness and make sure he had rights to it because that is where the money was. We have an infographic on the Prize money in NASCAR and NASCAR drivers salaries below that you can share ( throw us a link if you do) or use. Cassill, whose journey isnt uncommon, recently had to recap his NASCAR career in a deposition for a lawsuit he filed to get money he felt he was owed by BK Racing. 8. Finding out how much each NASCAR driver makes isnt as easy as in other sports. Allaway: Space-wise, the ORECA 07 is a much tighter car inside than the Volvo S60s and Ford Mustangs that you raced in Supercars. No. That brought his total earnings to about $315,000. Joey Logano (No. Such is life for a NASCAR development driver. The changes to the car were made after complaints about the difficulty Cup drivers had with passing at many short tracks and road courses last year. An example of data being processed may be a unique identifier stored in a cookie. While NASCAR guarantees all chartered teams an entry into every race, the parent organization holds four non-chartered spots open that allows small teams to try and qualify for races. What perhaps wont come as any surprise to people is that the very top drivers are all somewhat older and more experienced for the NASCAR world, at least with the youngest being Kyle Busch at 36, closely followed by Brad Keselowski at 37, with the rest all north of 40. You might also like: What goes into NASCAR pit stops? A drivers earnings are a mixture of money from their salary in NASCAR races, money from race sponsorships, money from race team sponsorships, money from car sponsorships, and money from ancillary endorsements such as an endorsement for a cell phone company. Until you get to two recent champions in Chase Elliott and Kyle Larson. NEWS: Inspection is complete. Elliott, who has an $8 million salary from Hendrick Motorsports, made $2.2 million in endorsements in 2020. Kyle Busch is the highest-paid NASCAR driver, with an estimated annual salary of over $16,900,000. As with any endorsement deal, getting payment depends on first catching the attention and imagination of the company or brand in question, and thats only something that successful drivers can usually do. Head to SportsLine to see the complete projected 2023 NASCAR at Fontana leaderboard. Please logout and login again. The reason is that the drivers are going to give the car sponsors whatever they want because they want to win, but youre going to be able to see each one of them on the car. John Probst, NASCAR Senior Vice President and Chief Racing Development Officer said of the rule changes: We saw incredible racing throughout the 2022 season, especially at the intermediate racetracks. Kevin Harvick (unranked last week) Mr. Retirement showed sparks at Auto Club after a top-12 run at Daytona. Any vehicle that loses a wheel after exiting pit road will be penalized two laps. Adopting that charter system allowed races to keep their prize purses secret if they chose to. MORE: Development drivers face long road | Power Rankings | Petty family mourns | Kenseth baby. Chase Elliott (unranked last week) Elliott had a sour Daytona 500 experience but rallied at Fontana, chasing winner Kyle Busch in the closing laps. You might also like: NASCAR- Top 5 rookies to watch in 2021, The road racing roots for several of the @NASCAR drivers competing at @DAYTONA this weekend were planted in the ARCA Menards Series https://t.co/4teP7qB4jp pic.twitter.com/fvrjmZcmVC. This base salary combines experience and how often they win races. Harvicks win at Las Vegas in March 2018 was his 100th career victory across NASCARs top-three national touring series Cup, Xfinity and Truck. He competed in one Nationwide race. I like how that sounds. Cup stars call the shots on television for NASCAR Xfinity race. All Right Reserved. February 28, 2023 at 10:18 AM. Im glad I didnt have to do (what I am now) when I was 18, Cassill said. The race will be live streamed on fuboTV (free trial). Also you have your extremes. Purses are more lucrative than ever, though, with winners on average taking $47,500 in prize money per race, and even losers getting $8,500 as an average. 16 Million Approved for Biden Student Loan Forgiveness Plan Will Supreme Court Uphold? Brad Keselowski (unranked last week) Keselowski was in the mix in the closing laps at Fontana and finished seventh. Hamlin sports high-profile endorsements from Logitech[x], FedEx, Toyota and Coca-Cola, but he also gets a chunk of his $1.5 million in endorsements from Nikes Michael Jordan brand. The Ride allows me to combine my passion for helping others with my love of motorcycles, and it is such a special gift.. Last but not least, there is endorsement money and licensing, which adds to the equation as well but very much depends on the driver, his public image and his sponsors. Copyright 2023 Sporting News Holdings Limited. Now, the model simulated the 2023 Pala Casino 400 10,000 times. The NASCAR Cup Series starts the West Coast swing on Sunday with the final race at the 2-mile version of the Auto Club Speedway in Fontana, California. He participated in about 15 tests for Hendrick at $1,000 a test. ! The higher they rank, the more money they get to take home. WebThe highest paid driver made $16.9 million in the 2022 season, and the lowest paid driver made $200,000. To be able to comment you must be registered and logged in. He has 14 race victories in his surging career and has appeared in video games and magazines. The race car drivers usually get 40 percent of the purse and the team gets 60 percent. FONTANA, Calif. Heavy rain and a freak California snowstorm forced postponement of Saturdays Production Alliance Group 300 The new top golfers have a ways to go to catch Rory McIlroy. John Probst, NASCAR Senior Vice President and Chief Racing Development Officer said of the rule changes: We saw incredible racing throughout the 2022 season, especially at the intermediate racetracks. When he's not tearing up the court with the Golden State Warriors, basketball superstar Stephen Curry is making waves in both the sponsorship and media industries. In that context, one needs to win races consistently and have the ability to network with people to land sponsors. 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