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SimplyHired ranks Job Ads based on a combination of employer bids and relevance, such as your search terms and other activity on SimplyHired. 41 years old driver has played magnificently in the current season and has grabbed the base payout of $707,000 and holds the third place in the list. Marcus is currently playing for the top team Chip Ganassi Racing in 2022. In January of this year, the State of Indiana Economic Development Commission agreed to buy two aero kits per car for each 2018 Leaders Circle entrant. - INDIANA ONSITE WASTEWATER PROFESSIONALS ASSOCIATION. Chief Mechanics can earn up to $1 000 000 per year, but these are highly specialized crew members and senior members of the overall F1 team. At the race track the mechanic will prepare the car . A top driver like Al Unser Jr didn't come cheap in 1994, but sponsorships were large enough to sustain those salaries. However, an organization like Ferrari can command five- and ten-year contracts from companies like UPS, Ray-Ban, and its most important sponsor of all, Phillip Morris International, whose Marlboro brand pays over $150 million dollars per year to be squeezed into the team's formal name: Scuderia Ferrari Marlboro. The cost of tuition is $2,300.00 per student. More skill, more innovation, more strength, more speed, more glory. Participate in calls with partners and the communications team to offer guidance and insight on social media campaigns and activations. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Formula 1 pit crew mechanics currently best paid in the world working for top teams like (Ferrari F1, MClaren F1, Red Bull F1 and Mercedes F1 team). This year marks the 107th Running of the Indy 500 presented by Gainbridge. IndyCar has a Leaders Circle program which binds the driver and the team to participate in all the races in a season. The amount on the check also includes the Leader Circle money and the negotiated percentage. Aspiring racers need one of two things to get behind the wheel of an F1 car: cash or cash-rich sponsors. But, it's interesting to analyze the way he earned his money. How Much Jon Jones Earn Per Fight? You can expect to earn between $35,000 and $40,000 as a race car mechanic in the USA. 27,000 36,678 Low. The most famous race in the world borrows IndyCar's somewhat complicated economics system and takes it to a new level. No data is available based on your input. ARCA NASCAR Trackside Technician (Independent Contractor). Hulman & Company, founded in 1850, is the parent company for the Indianapolis Motor Speedway, INDYCAR, and IMS Productions. However, teams are somewhat protected by revenue share models that although can't keep them fully afloat, helps keep some of the lights on. Some truckies are also part of the pit crew, and team managers double as strategists. indycar mechanic salary. The $35.65 million that James will earn in 2019 (or $38 million average over the next four years) is more than the 2018 Indianapolis 500 purse and all the full-time IndyCar drivers' salaries added together. NASCAR values input from a wide variety of sources, and often the staff closest to the work . UFC Ring Girls OnlyFans Accounts | How Much They Earn From Subscriptions? Part-time drivers have to come up with about $500,000 to $100,000. There two tire changers that active during the race one in front and other on rear tires. *T&Cs apply. This includes the estimated $60 million, three-year contract from Monster Energy, that much like IndyCar's Verizon deal, will be going away soon, and other monies earned from companies claiming to be the beer, deodorant, tool, or official oil of NASCAR. Among IndyCar circles, the question of how much drivers earn is somewhat of a taboo. Not only are these anemic numbers considerably smaller than what Champ Car and CART drivers used to make in the 1990s, but what most people don't know is that drivers' contracts state that anywhere from 50 to 70 percent of the prize money goes to the teamwithout exception. Aston Martin is believed to be paying Sebastian Vettel half what he earned in his final season at Ferrari. Participate in calls with partners and the communications team to offer guidance and insight on social media campaigns and activations. If any changes made to the IndyCar pit crew or new members added in future details updated here later. It is a well-known fact that margins are pretty thin in IndyCar after the infamous Split of 1996. michael sandel justice course syllabus. How much do INDYCAR employees make? And once that happens, it's game over. Teams also benefit from other odd and somewhat obscure monies. $14.00 - $23.76 Full-time, Part-time Mooresville, NC 28115 About this job Job Description The individual will work as a mechanic in the shop and at the race track. Talent is a distant third, maybe fourth (cough Pastor cough Maldonado). How? A full-time employee of most teams works 12 months with full benefits, a 401K, two weeks paid vacation and a shared performance bonus. would be what approximately 30 percent of the grid would say when asked that question. You might find some affiliate links on our website which are part of advertisement on this website. 2023 Indy Chronicle. The fuel tank holds 18.5 US gallons and like Hamlin at the Daytona 500, 2019 Indianapolis 500 winner Simon Pagenaud stopped six times across the course of the race to take on varying amounts of fuel. Indycar Mechanic Salary in Philadelphia, PA Yearly Yearly Monthly Weekly Hourly Table View $23,621 - $28,143 3% of jobs $28,144 - $32,666 15% of jobs $36,185 is the 25th percentile. Good drivers are also offered perks by some owners. 5 ton r22 dry condensing unit 0987866852; ed gagliardi cause of death thegioimayspa@gmail.com; dollar general memorial flowers 398 P. X n, Nam ng, ng a, H Ni, Vit Nam That said, a technical position in a team for a top-level racing series? Lastly, there are the headlining and other secondary sponsors that pump much-needed cash into the stock car racing circus' bank accounts. In 2021, a new cost cap concept was introduced to Formula 1. Your Privacy Choices.css-65lj3z{display:inline-block;vertical-align:middle;height:14px;margin-left:6px;}, Indianapolis Motor Speedway/Penske Entertainment, ARCA NASCAR Trackside Technician (Independent Contractor). Very rare incident related to fire take place in IndyCar but there is always a need of fire extinguisher expert in the pit crew for their safety. At the time of handing over the cash to the team, a driver (or his agent) sit down with a team representative to draft a contract. Directly from the IndyCar rulebook: "The program whereby INDYCAR provides benefits to Leaders Circle participants in exchange for their participation in all of the Races. This is a salaried full-time position, with medical, dental, and vision benefits. indycar mechanic salary indycar mechanic salary. Unlike IndyCar, NASCAR has extremely healthy purses that are dispersed to all participants whether they win or they finish last. The former was just reestablished at the beginning of the year when IndyCar announced a new three-year broadcasting contract with NBC starting in 2019, while the latter is already in the early stages of negotiations with a new (unknown) partner to replace Verizon, whose contract expires at the end of this season. The mechanic must be versatile to work on all aspects of a race car with focus on front, rear and/or mid. Most people believe that is the drivers take-home earnings. That old saying is more relevant than ever. According to Forbes, Dale Earnhardt Jr. earned $28.1 million from June 2011 to June 2012, which quite literally surpasses what any driver in America earns and goes right up there with some of F1's highest paid drivers. Some teams paid higher money to their pit crew chief which include some share revenue from winning prize money. How much money do car mechanics make? However, some even cannot fulfil their loan amount. In second place was Sebastian Vettel at $57 million. 10 Paul Tracy Just owning an IndyCar isnt enough. indycar mechanic salary. Tire Changer (Assistant) Yearly Salary ($75,000) : After winning races, earning bonus, a tire changer maximum earn $75,000 a year. In the case of rookie drivers graduating from the Indy Lights program, they earn between $250,000 and $300,000. So, thanks to a couple of teams (one big one and one medium-sized) sharing some pertinent information, were going to show whats transpired in almost three decades. Reviews may also highlight any negative aspects of a company that will help in evaluating it as a prospective employer. This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. The lower rung of drivers is mostly those that have to get a lot of budget to their teams. Every F1 venue in the worldfrom a classic like Monaco to a newbie like Bakuhas to pay a massive fee to F1 to be added to the calendar. The salaries of most professional athletes are readily available to fans on Google. Based on the company location, we can see that the HQ office of Indycar is in INDIANAPOLIS, IN. It might or might not be. J.R. is a great driver and a great representation of that. Fire Extinguisher Yearly Salary ($20,000) : He is the one who is responsible for any kind fire incident. indycar mechanic salaryvikram amte ips biography Coaching and Education by Noor Wise, MSW, CPC, ELI-MP The Alonsos, Vettels, and Hamiltons of the world also enjoy hefty bonuses from their teams for scoring race wins, pole positions, fastest laps, and winning world championships. A talented staff with diverse skills who are challenged to . If you want to make a small fortune in auto racing, start with a huge fortune. The average Automotive Mechanic I salary in Indiana is $45,426 as of December 27, 2022, but the range typically falls between $38,961 and $50,921. They work long and difficult hours and they have the most advanced educations and qualifications. How does the IndyCar Leaders Circle programme work? Only the top racers earn ludicrous contracts and earn in millions. Kids 15 & under are free with a paid adult General . Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Stock car drivers have lots of cash to look forward toquite a bit more than in IndyCar, but usually less than most Formula 1 drivers. Another two major streams of cash for the series are hefty TV rights contracts and headlining sponsors. However, my biggest concern isn't the underperformers, but the talented young men and women who keep being turned away because they don't have the financial backing to get a seat. The money arrives into the pockets of the awkward-looking, boot-cut racing suits in different ways. The number of drivers in that bracket could be about 10 to 12. . 2022Recurrent Ventures. He currently makes about $2.2 million annually after signing for Michael Jordans 23XI Racing. However, much like their open-wheel counterparts, NASCAR drivers also have to negotiate their share of the prize money because some of it must be shared with the team. Drivers racing with top teams like Andretti Autosport and Team Penske make more money. Jon Jones vs Ciryl Gane Salaries | Purse Payouts | How Much They Earn from Potential Bonus at UFC 285? Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Payscale.com states that the median wage for a TIG welder is $17.00 per hour, or $44,408 per year, often with plenty of overtime opportunities. The crew chief is one of the most critical people on the pit wall during a NASCAR race. At the end of the day, everyone gets a piece of the pie. 3 Ways to Watch FIFA World Cup 2022 Live Stream Free, How To Watch NFL 2022/23 Season Live Streams Online Free, Top 30 Best Sports Free Live Streaming Sites/apps Right Now, UEFA Champions League Prize Money | How Much Winning Team Earn, Sri Lanka Cricket Players Salaries | (Central Contracts). Here are the complete details about the IndyCar drivers salaries and the contracts they receive from the teams. The jackman and fuelers also land on the higher side of the pay, and the crew chief has potential to make around $200,000 each year. After talking to a dozen sources on this subject mattermany of whom preferred to remain anonymousonly one thing was evident: nothing is what it seems, and everything (and everyone) in motorsports has a price. Even if a drivers contract is made public, it would be impossible to put a figure on it for a seasons earnings. You can expect to earn. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The harsh truth is that only a few top-ranking drivers earn a million or more during the season. This lockbox is then doled out to the teams according to the terms of the last Concorde Agreement, a document signed by every F1 team in 2013. Some drivers will bet on the chance of grabbing a sponsor or two during the season. Just like NASCAR, IndyCar pit hold by (crew chief) who made the strategy for the drivers when to make a pit stop during the race. The flashy decals will stop arriving and the talent will jump ship. Firestone's top INDYCAR decision-makers are women, too, and Beth Paretta will be the car owner of Simona De Silvestro's car in this year's "500.". The trick lies in working ones way up, racing for a good owner and hoping to attract some good sponsors. Articles may contain affiliate links which enable us to share in the revenue of any purchases made. That year I was racing IndyCar, and I had finished fourth at the Indy 500 the year before, yet here I am trying to make ends meet with a family and things like that, earning nowhere near enough to survive.". The business of racing is unique in another major way: most of the big-money deals are based on tight-knit connections, and performed behind the scenes. Dixon is usually accepted as the highest-paid driver although the figures are more guesswork than facts. Such is the case of the new universal aero kit that's mandatory for the 2018 racing season, which costs upwards of $90,000 per kit. Read what they think about their salaries on our Compensation FAQ page for , Corporate Travel Coordinator salaries - 1 salaries reported, Credentialing Coordinator salaries - 1 salaries reported, Senior Manager salaries - 1 salaries reported, Sales Representative salaries - 1 salaries reported, Communications salaries - 1 salaries reported, Graphic Designer salaries - 1 salaries reported, Finance Director salaries - 1 salaries reported. Some of the bigger teams with large engineering and data-analysis operations sell their services to smaller teams who can't or choose not to staff an army of engineers and data coaches. So why do welders drink milk? UFC Fighters Insurance | How Much UFC Pay To The Injured Fighters? The most popular subject in The Mailbag, excluding when are we going back to Cleveland, MIS, Milwaukee or Fontana, is the cost to field a competitive IndyCar in 2021. NASCAR teams work on nearly identical business models as Formula 1 and IndyCar, but in terms of profit sharing with the sanctioning body, they more closely resemble F1. Sure, the smaller guys may have a harder road to travel, but that doesn't mean they're broke. Bignotti tuned or engineered seven Indianapolis 500 winners between 1961 and 1983 . You can unsubscribe from these emails at any time. The oldest and most prestigious championship in the world has a neatly organized revenue system, but its inner workings are a rat's nest of politics and 50-year-old handshake deals that flirt with cronyism. Why UFC Generate More Revenue Than Other MMA Events Or Promotions. IndyCar Series career; 2 races run over 3 years: Team(s) No. He isn't the only multiple champion whose salary has fallen this year. Who Will be Highest Paid Fighter at UFC 285? Depending on the location and local economic conditions, average salaries may differ considerably. Fox agreed to pay $2.4 billion for televising the first half of season, bringing NASCAR's total TV revenue to $6.6 billion over the course of a decade. Junior earned $4.1 million in salary money, $15 million in personal endorsements (highest in the series), and $13.2 million in winnings. Besides being a household brand in North America with its two largest championships, the Monster Energy NASCAR Cup Series and the NASCAR Xfinity Series, it's also a sanctioning body to dozens of racing series that host thousands of races across the continent. Sponsorship and team salaries aside (if any), this is what drivers could receive from IndyCar each race should they finish in the top 12. They will offer a percentage of the sponsorship to the owner. And although these bonuses and salaries are kept under wraps, it's rumored that Lewis Hamilton's salary is over $41 million per year, and sources with ties to Sebastian Vettel claim that the German's bonus for delivering the fastest lap of the race was approximately $25,000 during his time at Red Bull and $500,000 for winning a Grand Prix. Indianapolis Because NASCAR is made up of more than one series, the money has to be allocated accordingly, but according to financial filings, 93.75 percent of the TV money was allotted to the Monster Energy Cup, 5.75 percent to Xfinity, and 0.5 percent to the Camping World trucks. The biggest differentiator between IndyCar and Formula 1 is that drivers and teams collect purse money directly from IndyCar. Roger Penske is known to set up some of his drivers for life by offering them business arrangements. Today, Scott Dixon is on top of the heap and our best guess is $4-5 million a year, but without the Targets, Marlboros, Kmarts, Valvoline, Texaco, Havoline, Miller Beer, Tecate and Players, its not the best time to strike it rich for drivers. Here are the ways through which an IndyCar driver earn his income. I know it still makes A.J. The average salary for a automotive mechanic is 15,344 per month in Philippines. UFC Highest PPV Buys | Khabib vs McGregor Breaks All Records Generated $180m+ on PPV event day. SimplyHired may be compensated by these employers, helping keep SimplyHired free for job seekers. The ambiguity in the drivers earnings is again due to the complex contracts that drivers sign with the owners and sponsors. Home of the Colts ( NFL ), Fever ( WNBA ), Pacers ( NBA ), Indians ( MiLB ), Indianapolis 500 ( IndyCar ), Indy Eleven ( NASL ), NCAA and USTA Midwest * Nation's largest half marathon (OneAmerica What are some typical titles and locations for Indycar jobs? This is why drivers with decent reputations must spend their entire racing season selling car, suit, and helmet advertising space. Alonso was a mechanic to younger kart drivers to earn money. NASCAR has grown to become a megapower in the American motorsports landscape, and until recently, it held the most expensive TV contracts, had the most on-air time of any non-ball sport, and commanded billions of dollars per year in licensing fees. RAC. Using a single supplier to supply chassis was introduced as a cost control method, and IndyCar has negotiated a fixed cost of $349,000 per chassis. Teams receive a percentage of the TV rights and all the licensing earnings that NASCAR makes throughout the course of the year. Their current deal with PNC Bank appears to be bringing decent cash, but sources close to the team claim that everyone at CGR, including Scott Dixon, earns less money today than they did five and 10 years ago. Per several drivers and other sources close to this matter, this is what actually happens: Check amount - Leaders Circle money - negotiated percentage = driver's take-home pay. How much does an IndyCar crew chief make? Once the race is over, the driver is handed an enormous check with an enormous amount of money and is forced to go on stage to give an acceptance speech; leading everyone to believe that all of that money is theirs to keep. Lastlyand this is the area where everything is up for grabs and drivers can either make or breakis the prize money. His earnings depend on the contract with the teams, he received $750 based on his contract with team and if he is working as part-time member received $300 per race reported (Sportrichlist) in 2018. Prize money: $2 million (est.) Individual salaries will, of course, vary depending on the job, department, location, as well as the individual skills and education of each employee. Drivers arrange the money from personal wealth, sponsors and loans from well-wishers. Pato O'Ward Having played for Arrow McLaren SP in the 2022 season, Pato has pocketed the base payout of $1,000,000 in IndyCar racing event. For more information, see the .css-73vru1{transition-property:var(--chakra-transition-property-common);transition-duration:var(--chakra-transition-duration-fast);transition-timing-function:var(--chakra-transition-easing-ease-out);cursor:pointer;outline:2px solid transparent;outline-offset:2px;color:var(--chakra-colors-neutral-700);line-height:var(--chakra-lineHeights-shorter);size:md;-webkit-text-decoration:underline;text-decoration:underline;}.css-73vru1:hover,.css-73vru1[data-hover]{-webkit-text-decoration:none;text-decoration:none;color:var(--chakra-colors-neutral-1000);}.css-73vru1:focus-visible,.css-73vru1[data-focus-visible]{box-shadow:var(--chakra-shadows-none);outline-color:var(--chakra-colors-magenta-800);outline-offset:2px;border-radius:var(--chakra-radii-sm);}SimplyHired Privacy Policy. Three F1 drivers cracked Forbes top 60 highest paid athletes in the world in 2020, but no NASCAR driver made an appearance on the list. .css-as7amh{font-size:var(--chakra-fontSizes-sm);font-weight:var(--chakra-fontWeights-semibold);line-height:var(--chakra-lineHeights-base);display:inline-block;}All 182, Sign in or create an account to save jobs, .css-lvyu5j{margin-right:10px;}Penske Racing.css-1t92pv{margin-right:20px;color:var(--chakra-colors-neutral-700);white-space:nowrap;}Mooresville, NC.css-epvm6{white-space:nowrap;}3.4 .css-fy0zar{color:var(--chakra-colors-yellow-500);height:12px;display:inline-block;}, Installation of suspension components; front and rear. To participate in the IndyCar racing, a driver has to pay the racing cost. This wasn't only a great deal for the kit's manufacturer, Dallara, but also to the teams who saved about $180,000 per car. As an Amazon Associate I earn from qualifying purchases. Our model gets smarter over time as more people share salaries on Glassdoor. The Best Apps/Websites to Watch MF & DAZN X Series 005 Live Online | 5 March 2023, Comparison of BKFC, UFC, Bellator & PFL Fighters Payouts | UFC Currently Stands As Richest Promotion for Fighters Based PPV Contracts, Top UFC Women Fighters With Highest Fan Following On TikTok | How Much They Earn For Posting Video On Their Accounts. UFC Referees Salaries | Herb Dean Highest Paid MMA Official With $500k Salary, Most Expensive UFC Fighters Contracts Deals. Final Payouts | After including the prize money shares, the total payouts of some racers may even cross the million dollar mark. "Teams don't really actively look for sponsors because they've grown so used drivers coming in with a ton of personal money or a ton of sponsors," said a former IndyCar racer who now races at a different open-wheel series. So heres what one team was prepared to spend in 94 compared to todays numbers. Indy 500 purse: $10 million (est.) Official sources with knowledge of the NBCTV deal's worth declined to comment. Newer venues with higher fees typically pay less in admissions revenue, and established tracks with lower-than-average fees pay more from admissions. What happens is that the driver only takes away only a small percentage of the amount on the check. Benefits include medical, dental and vision insurance and 401k, in addition to a teammate. But now its true: if you have a cool $89,995, you indeed can now own your own built-from-scratch Indy car with only 2,300 original miles on it and drive it on the street as a regular commuter ride! A top driver like Al Unser Jr didnt come cheap in 1994, but sponsorships were large enough to sustain those salaries. In the case of rookie drivers graduating from the Indy Lights program, they earn between $250,000 and $300,000. You guessed it: Sponsors. Sponsorship and team salaries aside (if any), this is what drivers could receive from IndyCar each race should they finish in the top 12. The Leaders Circle amount can vary from year to year at IndyCar's discretion. In Indy 500 for example, some drivers that participate are full-time drivers. Racing is not just a fun or entertainment as the drivers risk their lives to grab money into their banks. Formula 1, IndyCar, and NASCAR are all going through a period of uncertainty, where despite some good signs and some bad signs, changing technologies, fluctuating consumer behaviors, and rising costs of doing business are forcing them to constantly reevaluate and even change their outdated business models. Obviously, the costs have skyrocketed in the past 27 years and the purses have failed miserably to keep pace ($30,000 to win a race), but teams seem satisfied that IndyCar and Dallara are doing their best to control costs. Till then, stay tuned! If they don't win half the season's races, and they don't race for a team who pays them a decent salary, and they don't have hefty sponsorsthey couldn't afford to rent a decent apartment in suburban Indiana. The salaries of Nascar Mechanics in the US range from $22,134 to $593,025 , with a median salary of $106,940 . If said driver were to win half of the races in the 2018 season (not counting the Indy 500)and that would be quite the feathe would only net $120,000 in prize money at the end of the year. $16,500 - $31,499 13% of jobs $45,000 is the 25th percentile. 2.9. crazy when he hears that there was a bidding war for an engineer that might have stopped at $400,000, but thats the market value for the really good ones. The mechanic will assemble and disassemble the race cars and work to prepare them for the race weekend. Most shockingly, there are still others who have gone into debt in order to buy a seat, hoping that any prize money or sponsorship money they earn during the year will repay the loan. The answer depends on the performance of the driver over a few seasons. Tires alone will cost you more than $1 million over a season. A "small" team like Sauber outspends a top IndyCar team many times over, and the cash they bring in from wealthy aspiring racers or heavily sponsored future stars is measured in the tens of millions of Euros. I remember my wife trying to find us a bloody cheap sandwich to eat for lunch at the race, but we couldn't find a $5 Subway footlong anywhere and we couldn't pay $20 for a meal at the track or anywhere nearby," he added. The number of drivers in that bracket could be about 10 to 12. Ability to write correspondence and develop presentations. UFC Fighters With Expensive Sponsorship Deals | How Much These Endorsements Help Them in their Careers? How much do Indy car drivers make? The third revenue stream for F1 teams comes from the drivers themselves. A few drivers even borrow money to race in IndyCar races. Required fields are marked *. However, there are some known racers who have been the part of this industry. Crew Chief Yearly Salary ($150,000) : The IndyCar crew chief is the one who selects the laps during the race to make a pitstop and changes required during the pit stop. So, what is Bubba Wallaces salary? The National Association for Stock Car Auto Racing, NASCAR, is a privately owned enterprise that was founded in 1948 by the France family. Winning a Lights race now lands a driver USD 20,000, while the numbers two through four will receive USD 15,000, USD 10,000 and USD 5,000 respectively. The "one cool thing about the car J.R. Hildebrand is running is celebrating the 60th anniversary of A.J's first win," said Goslee. Brian Goslee got his start racing around the track in go-karts before becoming a mechanic. Pay ranges for the same job title may differ based on the location and the responsibilities, skills, experience, and other requirements for a specific job. Millican credits her husband for not only opening racing's door to her, "but holding it wide . No IndyCar suppliers reveal the prices to outsiders. (Former mechanic). NASCAR Pit crew staff payroll compare to IndyCar pit crew quite different in terms of bonuses and winning prize money share. This post looks at the top 10 IndyCar drivers with the most win and how much they won. Thats all about the details about the IndyCar drivers salaries and the highest paid drivers at the events. How much do Indy Racing League employees make? Owning an IndyCar looks like a non-profit organization, yet you couldnt tell it from the entry list. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. Rig welders are about the highest-paid welders in the world. This article will take a look at what approximately IndyCar drivers make while risking their lives every time they sit in the cockpit. The historical, decades-long losses sustained by, say, the Cleveland Browns, would never fly in motorsports. Sportscasting explains that the highest-paid race car drivers are F1, and at the top of the list is Lewis Hamilton, who earned $76 million in 2020.