How much money does kyle busch make

Posted: Spartachello Date: 03.07.2017
how much money does kyle busch make

Are NASCAR drivers underpaid? How to fire a driver Should Stewart run Indy? Like most sports, a large pay disparity exists between the top stars and unproven rookies or veterans stuck with struggling teams. But unlike most sports, no union contract dictates when and how drivers can sign new contracts or renegotiate new deals. NASCAR drivers are considered subcontractors, so they can be involved in contract negotiations or potential new deals — or potential firings — at any time.

Though their income typically pales in comparison to top athletes in other sports, those who play the game right can make millions, says agent Cary Agajanian, who has represented drivers for nearly 20 years. It completely works that guys negotiate and bargain and the teams have decided how much they can pay a driver and it fits in their budget.

Drivers make their money in three primary areas — salary, percentage of race winnings and bonuses. Those at the top of the sport can significantly supplement their income with merchandise sales and personal endorsements. A driver near the back of the pack likely still will clear a few million. Compare that to the highest paid players in other sports, where salaries, not including endorsements, are known.

Carl Edwards was in the headlines throughout when he flirted with a move to Joe Gibbs Racing before re-signing with Roush Fenway Racing.

Kyle Busch Net Worth

This year, Roush teammate Matt Kenseth made the move, signing a contract with Gibbs that ended his year tenure with Roush after the season. Rob Kauffman, co-owner of MWR, made it work for his team, adding a third car for Bowyer. He liked that the sponsor was an up-and-coming company with a product that aligned well with NASCAR and a driver who could win races.

Bowyer made it pay off for MWR, winning three races, making the Chase and finishing second in the final standings in Sports is a performance-based business.

And compared to team sports, NASCAR drivers know that better than other athletes. The top drivers get paid handsomely just to strap into their cars, while those trying to prove themselves typically rely on performance-based incentives. In , Robby Gordon was coming off a season in which he finished 26th in the Cup standings and agreed to sell his team to owner George Gillett.

Obviously, the better a driver performs, the more money the driver can attract in base salary. Drivers typically command between 30 and 50 percent of what the sponsor pays the team, with the more the sponsor pays, the more that can go to the driver. Virtually every driver — with the exception of stars such as Edwards, Denny Hamlin, Kasey Kahne and Jimmie Johnson — took a pay cut if he signed a deal in the last three years, when the downturn in the economy has led to a decline in sponsors and reduction in the price sponsors will pay.

Teams now complete deals knowing they have the sponsorship to cover the costs. Only a highly marketable, highly talented driver, such as Kahne, can sign a contract as he did with Hendrick Motorsports — he signed a contract in April that did not go into effect until Psychologically, it aligns the driver with the team in making sure they deliver the best product to the sponsor.

It should affect me, too. A team might have to go beyond what it has locked in for sponsorship, however, if a driver can command more money on the open market. Car owners should be rewarded for their performance, which includes making a profit.

He wants to be rewarded based upon his performance. With fewer Cup rides to go around, team owners sit in the drivers seat as far as contract negotiations.

How much money did Kyle Busch make in

It has changed across the board. Two-time Nationwide Series champion Ricky Stenhouse Jr. How about the length of driver contracts? Typically it depends on the length of the sponsorship. Most deals cover two to three years, although top drivers such as Earnhardt Jr. Look at a NASCAR box score after a race, and it lists pretty much all the essential data.

Where a driver starts and finishes and how many laps completed can give fans an idea of how the driver performed. Drivers typically get 40 to 50 percent of their race winnings. The team owner gets the other percent, with a small percentage going for team bonuses. According to his contract with Red Bull Racing, Scott Speed was to receive 40 percent of his winnings if he finished worse than 20th in the standings, 45 percent for 11thth and 50 percent for a top finish.

Warpula said the standard on most current driver contracts is 40 percent, with an increase to 50 percent for a race win. Drivers with underfunded or less competitive teams make less money as far as percentage of winnings because the team needs to race off the money it generates week to week rather than sponsorship. Drivers typically get bonuses for where they finish in a race and in the final season standings.

It just depends on the situation. Some drivers, if the sponsor does not take a cut, will get percent. Many will drive in other series, such as the Nationwide Series or Camping World Truck Series, if their Cup team owner allows it. Busch, who won 21 Nationwide and truck races in and has 64 victories in those series in the past five years, likely earns much more. It should be performance-based, that should be a critical part of it.

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how much money does kyle busch make

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how much money does kyle busch make

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