Why NASCAR stars are earning far less than they – Sports News
NASCAR legend Jimmie Johnson has defined how technology has drastically modified the game of motor racing over the previous decade, permitting drivers to have more time away from the game – however seeing them earn less as a consequence.
One of the game’s best of all-time, Johnson made properly over $120 million from NASCAR winnings, as a seven-time Cup Series champion and one of probably the most dominant drivers ever.
Back in his day, and even earlier than his time when the likes of Dale Earnhardt Sr and Jeff Gordon had been on the observe, it will not be unusual for drivers to make properly over $20 million a 12 months.
Now although, that has modified, with drivers not often making over $10 million – regardless of the game’s recognition being at an all-time high.
Johnson appeared on the Business of Sport podcast and defined why drivers are paid considerably less regardless of the game increasing.
The NASCAR legend stated: “Yeah… (he laughs). It’s kind of reflective of contract cycles. Also, the workload is a bit less. Many cost-saving moves have been put into place. The OEM’s (original equipment manufacturers) control the technology and wind-tunnel time, testings and all these things. Back in my days, this wasn’t the case. We had our own testing teams.
“So we’d be gone as a staff from Thursday to Sunday evening, then monday and tuesday I might be back with the take a look at staff and put together to depart on Thursday for the subsequent race. There was all these bills… however now all that’s gone. The OEM controls all of the testing, the drivers and the groups are given the information after which we go into simulations and try to take a look at this information and apply it.”
Johnson additionally then added that it will not be unusual to drivers making as a lot as $40 million a 12 months if they had received the championship, whereas now the highest earners make round $13 million.
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Johnson has a reported internet value of $160 million, behind Jeff Gordon at $200 million and Dale Earnhardt Jr at $300 million.
Earnhardt Jr by no means managed a Cup Series Championship, however had turn out to be one of the faces of the game after his dad’s tragic passing on the 2001 Daytona, with Jr occurring to win it three years later.
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