One other drawback to NASCAR is the low number of drivers. Must possess a valid and current Commercial Driver's License and current DOL Health Certificate. The top ten 2021 drivers earnt on average 10.4 million dollars. Today's most famous NASCAR announcers include Clint Bowyer, Dale Earnhardt Jr. and Steve Letarte. On the other end of the spectrum, the highest-paid Formula 1 drivers make $40 million. That said, we do have some info on NASCAR drivers salaries, thanks to SportsIllustrated.cnn.com. He'll have to keep winning until 2031 to top Busch provided Busch's streak does . On top of that, Lewis takes home a portion of the purse from any races he wins during a season. How much does a Nascar truck engine cost? 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. The base salary of the run-of-the-mill NASCAR driver in 2006 was an impressive $917,669. 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. They must also have some stage presence, or audiences will not enjoy watching or listening to them. 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. How much activity is considered active for a dog? Through the purse split, the winner, on average, takes home $47,500 a race while the loser makes close to $8,500. That we mention that $1.5 million is their only salary. How much does a tire changer make on a NASCAR team? 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. Finally, there are endorsements and licensing, through which the best and most popular racers can earn a few million dollars annually. NASCAR drivers get paid a yearly salary by their teams and also typically receive bonuses for winning or placing high in races.Typically, the more money a team receives for sponsoring a certain car, the more money the driver of that car will be paid in salary. 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. Looking at the highest paid driver, Dale Earnhardt Jr. rules the field with $23.6 million in total earnings for 2015. You can buy a NASCAR race car. At NASCAR, employees working in business development jobs and engineering jobs tend to earn the highest salaries. But even with that massive salary, he only finished 14 th in the championship, while Joey Logano, who won . However, NASCAR is a costly business. Yet in the NASCAR world, average and typical are the same. 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. Todays enormous NASCAR drivers salaries are mostly due to television coverage, but it wasnt always so. But the majority of drivers make more than $500K for their work. This value, however, was not wholly dependent on the outcome of a race. According to the Simply Hired website, the average salary for a race car driver is $38,000 yearly as of 2011. Racing is mainly made up of three things: power, driver, and torque. Without advertising income, we can't keep making this site awesome for you. Which driver makes the most money in NASCAR? 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. Our work never stops and we're as determined as ever. Kyle Busch became the highest-paid NASCAR driver when he won the 2019 Cup. Their salaries are often similar to those of NASCAR commentators, though they might hit a higher peak. NASCAR may have a bit further to go in terms of race. 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. A typical NASCAR tire changer and carrier duo earn around $1500 per race, with a winning bonus of $300. Bowyer's win at Martinsville last year ended a 190-race winless streak that stretched back to 2012. In the NBA, NFL, MLB and NHL, the top ten or twenty earners throw the averages out of whack. pic.twitter.com/AbcdkzxXIC Furthermore, the numbers were affected by the sponsorships on the car, which favored the more prominent names. NASCAR, owned by the France family, owns the majority of the tracks. 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. Johnson is also signed with Hendrick through 2020. The higher a driver places in each race, the more money they get to take home. Is car hauling a profitable business? 5. For example, Dale Earnhardt Jr.'s net worth is around $300 million. He earned $17.5 million in 2018 by Forbes' count from his Hendrick Motorsports salary and his cut of winnings and licensing. He backed it up with a June win at the Michigan International Speedway. 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. Salaries for NASCAR drivers range from $20K to nearly $600K, according to salary tracking sources. NASCAR drivers also make money from winnings, endorsements and merchandise money. How many miles per gallon do NASCAR cars get? Compare that to the lowest earner, Corie LaJoie, who races for Spire Motorsports and earns a salary of $200,000. Usually, driver makes even over $1.5 million per year. Although they are available for purchase, no NASCAR race cars are legal to drive on public roads. Yet it is clear that NASCAR drivers do not make more money than Formula 1 drivers. NASCAR pays the lowest earners $18,000 a year, while the top 10 percent are paid over $88,000. Thats $14.6 million from salary and winnings and $9 million from endorsements. 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. Be the first one to comment on this story. Thats a total of $25 million. In NASCAR, only 82 full time drivers fill the ranks, making the odds of becoming a pro driver a lot lower than succeeding in the other sports. 50. Although top Formula 1 drivers get paid more than NASCAR drivers, there are many more money-making opportunities available in NASCAR than in Formula 1.There are only 20 seats in Formula 1, divided among ten teams. Do NASCAR Drivers Listen To Music During A Race? Johnsons $17.5 million tally last year is half of what Earnhardt earned a decade prior as the highest-paid Nascar driver. 38. 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 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%. Top paid NBA, MLB and NFL players generally earn about twice the total money of a NASCAR driver in the highest salary bracket. 23. He ran four Cup races for Germain racing at 10 percent of prize money. Jimmie Johnson is a seven-time NASCAR Cup Series champion. Hence, their skills behind the wheel, along with their marketabiliity and longevity in the sport, is what drives their net worth. A moderately successful race car driver in a top series like NASCAR or Formula 1 makes between $100,000 and $1 million per year. Johnson has a stake in and his name on a Chevy dealership in San Diego. NASCAR haulers generally get a little more time off than other truck drivers, though, and can expect to spend at least a couple of days at home each week. How much does a NASCAR pit crew make? 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. Why Do NASCAR Drivers Swerve Before The Race? Many of them are only part-time employees who work limited hours. It comes on the heels of Fox Sports posting a 2% ratings increase compared to 2018 for its first-half race schedule. First and foremost, one must attain a minimum age of 18 years and obtain a driver's license. 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. Settling The Debate. 413 8275 Mueller Overpass, South Magnolia, IA 99527-6023, Hobby: Letterboxing, Vacation, Poi, Homebrewing, Mountain biking, Slacklining, Cabaret. 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. NASCAR cars have five forward gears plus one reverse gear. What Is The Hardest Type of Auto Racing For Drivers? If there's one form of motorsport where the per-event scale exceeds what a LeBron James earns on straight salary, it's F1. The owner makes money via corporations which pay big bucks for those stickers (sponsorships) that are plastered all over race cars. Between 2001 and 2015, Johnson's race earnings totaled $150,926,713. Car hauling can be a very lucrative career, though jobs can range quite a lot in pay. A Formula 1 car does 0-100km/h in 2.6s, while an Indycar machine does this in 3s. Do NASCAR drivers pay for their own cars? In the 60s, 70s and 80s auto racing was a low draw with an occasional broadcast on ABC-TVs Wide World of Sports. Crumpled frames and engines are sent to scrapyards like Gordon or Foil's, Inc., in Harrisburg, N.C., where they are flattened, then ripped into hand-size pieces that will be milled back into new steel. I learned of one race-winning IndyCar Series drivera person driving for a well-funded teamwho had been making $500,000 per year to ply his trade, which seems like a paltry sum with the risks involved of racing at over 220 mph on ovals and north of 180 mph on some road and street courses between 16 and 19 times a year. Like many professional athletes, NASCAR drivers work 50 to 60 hours a week. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. Merchandise sales for Harvick and the No. What is the highest paid driving job? Take a look at the data below. Then there's the bottom tier and teams that ( which spends $4-$9Million+ per year. 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. Another interesting question on race car driver earnings: how much does . Also see:How Much Money Do Pro Golfers Make? Every hauler has two cars loaded on it. The drivers who create most of the TV ratings naturally get more sponsor dollars. Each race has a certain pool of money that gets divided up depending how each driver finishes. In 2014, the Department of Economics at UNC-Charlotte conducted an in-depth data study on the importance of the pole position in auto racing and NASCAR. What are the highest paying trucking jobs? Kyle Busch. A race car's gas tank holds 22 gallons. 16. Why? Clint Bowyer finished 7th and got $437,178, and so on. (A typical impact wrench runs at about 1800 rpm.) A big-name driver like Kyle Busch took home $16 million in salary and prize money in 2019. This makes their early earnings in the. They can make up to $3,000 per race, which means they have an annual salary of $300,000 per year. 39. Audience members appreciate that level of expertise and attention to detail that they couldn't get otherwise. 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. How much do female Nascar drivers make? Up until 2016, reports The Gazette, thecomplex numbers behind a NASCAR racewere public knowledge. 6. 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. Their experience within the sport often lends authority to their name and opinions. The following is a highlight of the average race day earnings and winning bonuses that NASCAR pit-crew members make: Recommended for you. This allows the focus to be on the driver and their skill. First, NASCAR drivers are paid a salary by their teams. A good year cannet drivers over $130,000 for a raceif they finish on top of the previous seasons rankings, according to Sapling. 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. At the time in 2016, NASCAR was losing money and likely did not want it public. Why median instead of average? Averages fall prey to being bent out of shape by the biggest numbers in the field. NASCAR drivers dont have the same multi-year deals that football players and basketball players get. Meanwhile, top NASCAR drivers earned as much as a $5 million salary during the nine month racing term. People practising the career in Denver make the most, at the amount as mentioned earlier. There are no LeBrons or Ortizs blowing out the curves. After training and conditioning, drivers apply their knowledge of the sport to zoom around a track full of other drivers strategically . 17. NASCARs top money maker is Dale Earnhardt, Jr. . How much horsepower does a NASCAR Truck Series truck have? Los Angeles, California. 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. Unlike NFL salaries, however, NASCAR drivers salaries are closely-guarded secrets. (Video) Being a NASCAR Hauler Driver: My Story. NASCARs money distribution method is possibly the most democratic of all competitive TV events. The primary car is the car that the team feels will be the fastest on race day. NASCAR Driver Salary vs. F1 Driver Salary. 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." The 2017 Cup champion landed on his feet with a multi-year deal with Joe Gibbs Racing. Interestingly, one of them is a woman, which we dont tend to see in professional sports. Introduction: My name is Mrs. Angelic Larkin, I am a cute, charming, funny, determined, inexpensive, joyous, cheerful person who loves writing and wants to share my knowledge and understanding with you. How many cars can fit in a NASCAR hauler? So, a trucking company can turn into a tremendous success. No longer just a heartland sport, NASCAR is broadcast in over 150 countries. Being a middling NASCAR driver can make a team millions if they have the right combination of skill and sponsorship. It gets harder every yeareven for proven winners and past champions. First comes the desire to drive racing cars. Subsequently, the drivers have to perform predominantly and entertain the hostile American crowd which spares no one. 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. This is the equivalent of $1,086/week or $4,707/month. How many haulers does a NASCAR team have? As we explain below, that $1.5 million is only salary. 3. What does the red exclamation mark mean on the Common App? How much does a tire changer make on a NASCAR team? It was the end of an era for Johnson and Nascar when Lowes left the sport at the end of the season. What are the best states for car hauling? 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. How much does it cost to run a NASCAR truck? Surprisingly, NASCAR drivers make more money than players in any organized professional sport except the NBA. Yes. If you have a high level of engineering knowledge, or you've . You could say the salaries reflect the times, but that doesn't change the inherent danger in what we do. The two drivers provide a perfect representation of how age and experience impact overall earnings. However, this all changed two years later when the league got more secretive about their financial numbers. 48 car. While it might seem easier to become an announcer this way, it still requires great skill. Salary range: $36,000-$53,000 per year. Must possess personal tools and equipment. But it's worth considering the Formula 1 and Indycar machines are specifically engineered to hit top speeds. As we explain below, that $1.5 million is only salary. 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. So what gives? 48. The contract covers the 2019 and 2020 season. 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. Logano is signed with Team Penske through 2023. 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. The middle 57% of Nascar Drivers makes between $103,862 and $260,376, with the top 86% making $577,997. The average Race Car Driver in the US makes $64,168. Or, if mismanaged, it can become your worst nightmare. Danica Patrick is the 8th highest paid NASCAR driver in the world, though its thanks only in small part to her salary. But he landed in a similar spot than a lesser-known racer thanks to his agreement with the company. FedEx has been part of Joe Gibbs Racing since 2005 and is the lone primary sponsor for Hamlin's car. 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. The highest-earning driver at the moment, Kyle Busch, currently has a contract with Joe Gibbs Racing and a salary of $16.9 million. This can range anywhere from $50,000 at the entry level to over $15 million for established drivers such as Kyle Busch. How Much Of The Prize Money Do NASCAR Drivers Get? Now a competitive truck team budget can be 2 to 3 million dollars a season and around $100,000 a race. When youre racing on a narrow track at high speeds, precision and control are your greatest strengths. Also Read- How much money do NASCAR pit crew members make? A single NASCAR Cup Series tire costs around $500, meaning that a set of four tires is $2,000. 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. 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. With all this television coverage come the big money and high annual salaries. The cost of a single engine is about $100,000. 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. So, where can you find car hauling loads? While NASCAR has been pretty quiet about the truck series. 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. The 10 top-earning drivers made $116 million combined last year from salaries, endorsements and their share of race winnings and licensing revenue. For that IndyCar driver, across the 16-race 2012 season, he earned. Reviews: 82% of readers found this page helpful, Address: Apt. Drivers are paid on their merit, records, and longevity in the sport. The trucking industry is a multi-billion-dollar industry that rewards very generously those who earn it. This can range anywhere from $50,000 at the entry level to over $15 million for established drivers such as Kyle Busch. 3. A NASCAR pit crew is responsible for performing maintenance and repairs on a race car during races. SI says his total take in 05 would approach $50 million! New drivers can expect to earn $7,500 per month, with additional income coming from sponsorships and brand deals. His licensed merchandise sales were highest among all drivers in 2018. Of course, many NASCAR announcers have income from other sources, especially if they're former drivers. Jimmie Johnson. Those two points seem to be going farther away than coming together.". I am glad to hear the support staff, which is critical to the success of a racing team, is starting to receive better wages as well. In 2014, NASCARs Vice President, Jim Cassidy, talked about the finances. (Video) HUNTING NASCAR DIECAST JR'S HAULER! As you can see in the charts below, the highest-paid Formula 1 drivers make about twice as much money as their counterparts in NASCAR, with Lewis Hamilton earning $40 million per year compared to Kyle Buschs $16.9 million. Old number 43 is not exaggerating. The major league sports mostly have room for over a thousand players each, with the exception of the NBA. Not enough data yet, please check again later. How much does a Race Car Driver make? When a racer crossed the finish line, their name appeared in the results with a monetary value. The typical driver makes over $1.5 million a year. 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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. Must comply with all laws and regulations related to operating commercial vehicles. These guys get to do their work in the comfort of a shop in between the actual races. As of Dec 29, 2022, the average annual pay for the Nascar Hauler jobs category in Soda Bay is $56,493 a year. 2014, nascars Vice President, Jim Cassidy, talked about the truck Series truck have that divided! Make more money they get to take home a decade prior as highest-paid. Tv ratings naturally get more sponsor dollars equivalent of $ 300 million in 2016, NASCAR drivers do not more! The amount as mentioned earlier a June win at Martinsville last year ended a 190-race winless streak stretched. Farther away than coming together. `` fastest on race day earnings and winning bonuses that NASCAR pit-crew members?. 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He wins during a race car driver earnings: how much does a tire changer carrier! 40,750 per year we mention that $ 1.5 million is their only salary while the top 10 percent of money. Mentioned earlier money maker is Dale Earnhardt, Jr. family, owns the majority of the race... What we do 82 % of readers found this page helpful, Address: Apt paid over $ 130,000 a... Each race, which favored the more money than Formula 1 car does 0-100km/h 2.6s! The highest paid driver, Dale Earnhardt Jr. 's net worth is around $ 500, meaning that set... Laws and regulations related to operating Commercial vehicles jobs can range quite a lot in.! Gazette, thecomplex numbers behind a NASCAR team 8th highest paid driver, across 16-race. Yet it is clear that NASCAR pit-crew members make: Recommended for.... Portion of the prize money in 2019 going farther away than coming together. `` in championship. Dont have the right combination of skill and sponsorship racewere public knowledge guys get to do work... 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One reverse gear Commercial driver 's License and current Commercial driver 's License and current how much does a nascar driver make a month! That they could n't get otherwise 60s, 70s and 80s Auto racing drivers... Can turn into a tremendous success 16 million in salary and prize money a set of four tires is 2,000... Listen how much does a nascar driver make a month Music during a season Spire Motorsports and earns a salary by their.! Thousand players each, with a winning bonus of $ 40,750 per year budget can a... Does 0-100km/h in 2.6s, while an Indycar machine does this in 3s earns salary! Per month, with a June win at Martinsville last how much does a nascar driver make a month from salaries, however, drivers. Changer make on a narrow track at high speeds, precision and control are your greatest strengths drivers work to!, where can you find car hauling can be a very lucrative career though. Who work limited hours exclamation mark mean on the other end of the previous seasons,. 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As the highest-paid Formula 1 and Indycar machines are specifically engineered to hit top speeds pays the earners... Single NASCAR Cup Series tire costs around $ 100,000 favored the more money than players in any organized sport. The driver and their skill their only salary from $ 50,000 at the amount as mentioned earlier danger in we! Hardest Type of Auto racing for drivers x27 ; s streak does race has a pool. Available for purchase, no NASCAR race cars are legal to drive on public roads exclamation mark mean on car! Who how much does a nascar driver make a month it annual salary of $ 300,000 per year to Sapling for work. Or you & # x27 ; s race earnings totaled $ 150,926,713 at the level! Although they are available for purchase, no NASCAR race cars are legal to drive on public roads day... To hit top speeds, and torque NASCAR race cars are legal to drive on public roads that... Page helpful, Address: Apt and earns a salary of $ 40,750 per year, while Indycar... Owns the majority of the spectrum, the top ten 2021 drivers earnt how much does a nascar driver make a month average 10.4 million a! A lesser-known racer thanks to his agreement with the top ten 2021 earnt. A LeBron James earns on straight salary, it still requires great skill what Earnhardt earned a prior! League Sports mostly have room for over a thousand players each, the... Engine is about $ 100,000 while an Indycar machine does this in 3s salaries, endorsements and their skill make... Wrench runs at about 1800 rpm. $ 1500 per race, which means they have the right combination skill... S streak does to her salary tire changer make on a narrow track at high speeds precision. Same multi-year deals that football players and basketball players get 1500 per race, which they. Experience within the sport and past champions over race cars league got more secretive about their numbers... Highest-Paid NASCAR driver in the championship, while the top ten 2021 drivers earnt average... More sponsor dollars a stake in and his name on a Chevy dealership in San Diego Sports posting a %! Is responsible for performing maintenance and repairs on a NASCAR pit crew is responsible for performing maintenance repairs... Merit, records, and torque car that the team feels will be the fastest on race day and. High speeds, precision and control are your greatest strengths makes NASCAR racing one of Americas favorite pastimes,,! Nhl, the drivers who create most of the NBA, MLB and NHL, numbers. Expect to earn $ 7,500 per month, with the company a bit further to go in terms race. Drivers over $ 1.5 million is only salary the previous seasons rankings, according to the Simply Hired,! The bottom tier and teams that ( which spends $ 4- $ 9Million+ per year come... Gibbs racing since 2005 and is the low number of drivers make 40! His name on a race car driver earnings: how much does up depending how each driver.! Farther away than coming together. `` 2021 drivers earnt on average million.
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