Do NASCAR drivers keep their prize money or do they share it with the owners and crews?

Answer 1

Yes, NASCAR Drivers do receive the majority of the winnings. Regardless if you win the race or not, a driver still gets paid. The amount is lower the further back you finish. So even if you finish 43 out of a 43 team race you still get paid.

Answer 2

This is different for each driver, and based on the contract between the driver and team owner. Usually the driver gets a specified percentage of any prize money, with the rest going to the owner. The crew works for the owner for a specific pay, with bonuses usually attached for good finishes and wins.

I think most of the prize money will go to the team owner. However, the driver makes most of their money from t-shirt sales and etc.

Answer 3

Depends on the type of contract the driver is signed with. The Daytona 500 payout is 14 million, and they say the driver is guaranteed at least 1 million. So you could expect a percentage from 8% to 15% of the total payout. Also, Jimmie Johnson won 7.3 million in 2009, so just divide that by 36, and you find out that Johnson made around $202,780 each race. Not including income from his sponsors.

Answer 4

Not yet, and probably never will. The team owner gets most of it. The most I've ever heard of a driver getting was Dale Earnhardt Sr., who got 50%.

While it's true that a driver does not get the entire purse for winning a race because a portion, the exact portion depends on the contract, goes to the owner of the car. It is possible for a driver to take home 100% of his purse for a race, he just has to run a car he owns and make it through the race in one piece.

Answer 5

First thing to understand is the winnings, although credited to, are not the drivers winnings it's the car owners. The car owner and driver have a contract and what the driver is paid is based on that contract. The pit crew will often have part of their pay based on the finishing position of the car. It would be like a bonus, the better the driver and car finish the more money the crew can make.

Answer 6

Every driver has a different deal, but in general here's how it works:

Each team has Primary Sponsors and Associate Sponsors. Each of those sponsors pays a certain amount, per race or per year, and when it's all accounted for you've got $15 to $30 million to use for the year. Everything comes out of that pot, from salaries to axle grease.

Prize winnings normally go half to the driver and half to the owner. The teams can't support their operations purely through race winnings because the sport is too expensive now: it costs about $250,000 to compete in one race if you bring the car home in one piece - and potentially much more if you're in an accident. In last weekend's Bank of America 500, only two teams - the winner and the second-place car - won enough to break even.

Answer 7

The money drivers receive from sponsors and NASCAR for each race, is divided among the whole team, including owners.

Answer 8

Yes, but the amount the owner gets depends on the driver and the race - because all NASCAR teams are owned by different people, there's no standard deal for any of them.