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Chase Elliott Salary in 2024, Net worth, Contract, Endorsements, Investments Revealed
Chase Elliott Salary in 2024, Net worth, Contract, Endorsements, Investments Revealed
Chase Elliott and Hendrick Motorsports is a duo that is here to stay. The 2020 Cup Series Champion and his team have shared many milestones in their journey together. This includes Elliot’s first race win, first Cup Series Championship as well as six consecutive most popular drivers in the NASCAR Series. Hendrick Motorsports also celebrated their 250th win as a team with Chase Elliott as he celebrated his first race win in 2018.
Coming from a racing lineage, he is the son of the legendary NASCAR driver, Bill Elliot. The father-son duo is one of the very few duos where both have won a championship. Chase Elliott has not just made his mark in the Cup Series but also the Xfinity Series.
In 2014, at the age of just 19 years old, Elliott became the Xfinity Championship with multiple race wins. He has also participated in the Truck Series and won three races so far. His talents have been evident since his childhood where he won a race in every series he competed in.
Since his debut in 2015, Elliott has been part of Hendrick Motorsports as a full-time driver. It comes as no surprise that Elliott signed a multi-year contract extension in 2022 with Hendrick Motorsports.
During the Daytona 500 weekend in 2022, the team and driver pair announced a contract extension for five years. This means Elliott is set to drive for his team at least until the 2027 season.
Currently, in his tenth season of the Cup Series, he has competed all the seasons with Hendricks and hopes to retire with them. Elliott has been integral to the team and was also a huge part of the team’s rebranding in 2017. His previous contract with the team was signed in 2018, the year of Elliot’s first race win. It was a four-year contract that was set to expire after the 2022 season.
Chase Elliott Salary
Chase Elliott is estimated to have an annual salary of approximately $10 million.
This figure is based on an estimate provided by Forbes in 2020 and is made of $8 million as base salary with $2 million in endorsements. This figure is not inclusive of the on-track performance bonuses.
As a former Cup Series as well as Xfinity Series Champion, he has been able to create a space for himself in the sport. He was also voted the most popular driver in 2021, contributing to his appeal as a driver on and off the track. With his talent and appeal, Elliott has been projected to continue to earn a significant salary through this long-term contract with Hendrick Motorsports.
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Ferrari warned Lewis Hamilton will cause internal drama
A former Ferrari engineer has criticised the decision to bring in Lewis Hamilton and thinks the Brit’s presence will mean “a lot of potential for drama”.
At the age of 40, seven-time Formula 1 champion Hamilton will form a formidable driver partnership with Charles Leclerc. His big switch comes at the expense of Carlos Sainz, who has performed well for the Italian squad but who was axed so they had room for their blockbuster new signing.
But not everyone of a Ferrari persuasion is convinced that it will go well. Ernest Knoors, who spent many years as an engineer at Maranello, specialising in power units, worries that Hamilton’s presence could do more harm than good for a team that is finding its groove under Frederic Vasseur.
“A big name like Hamilton also brings a lot of politics and if politics within Ferrari are not managed well, then there is a lot of potential for drama,” he told Formule1.nl. “Hamilton has the tendency that if things do not work out, he turns his whole car upside down and starts experimenting.
“Ferrari believes very much in the big personalities and will follow him. But Hamilton is just someone you have to guide a little bit and not give the freedom to rebuild the whole car, because then it will go completely wrong. So I do not know if it is such a smart move, but of course it is nice for the sport.”
News of Hamilton’s planned move broke on February 1, coinciding with football’s Transfer Deadline Day. That the back pages of many newspapers were dominated by the decision of Hamilton to swap Mercedes for Ferrari was testament to the magnitude of the announcement.
Sainz was not surprised as he had been informed by his team of the plan ahead of it being made public. But the Spaniard responded well with two victories to date this season and five further appearances on the podium, on the way to what looks likely to be a fifth-placed finish in the championship – two spots and 54 points ahead of Hamilton.
Sainz has signed for Williams next year and, after several years of running at the front of the grid, will focus on his new challenge of helping restore one of the grid’s most historic teams to its former glory. But Knoors believes he should have been kept on by Ferrari instead.
The Dutchman added: “I see Lewis Hamilton’s arrival at Ferrari more as a PR move. With all due respect, Hamilton is not going to take that Ferrari from P6 to P1. He will get the most out of it, but what Ferrari has to do is make that car faster. And if you make that car faster, you can easily drive at the front with the current line-up.
“Besides, as a team you have to look further on the horizon. If Hamilton becomes champion in the coming years, he and Ferrari will become immortal. But if you want to build a team with talent for the next five years, are you going to build on Hamilton? No, because he will really be finished after two or three years. That is why I would have kept the very strong line-up that Ferrari has now.”
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Listen to Chase Elliott, No. 9 team react to pace car crash at Phoenix in 2024
Chase Elliott had a front-row seat for one of NASCAR’s most bizarre moments of the 2024 Cup Series season. At the start of Stage 2, the pace car dove onto pit road in front of Elliott; however, it was a tad too late. The pace car made contact with the sand barrels at the entry of pit road and caused a red flag for cleanup.
Initially, there was some speculation on the NBC Sports broadcast, even from the No. 9 team, that Elliott made contact with the pace car. Fortunately, the pace car didn’t slide across the No. 9 car’s nose, but it undoubtedly provided one of NASCAR’s craziest red flag moments in recent memory.
Below, you can listen to Elliott and the No. 9 team react to the pace car crashing into the sand barrels on pit road at Phoenix during Championship Weekend!
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Dale Earnhardt Jr. Exposes NASCAR’s Hidden Truth: The Pressure Turns Champions Miserable
Reflecting on the recent retirement of 2017 NASCAR Cup Series champion Martin Truex Jr., Earnhardt didn’t mince words about the toll NASCAR takes on its drivers. Speaking candidly, the two-time Daytona 500 winner admitted that the pressure to perform every week left him feeling miserable for most of his racing career—a sentiment he believes is shared by many of his peers.
“Right or wrong, racing made me a miserable person 90% of the time,” Earnhardt confessed. “And him too. I mean, ask Kyle Busch, ask anybody—unless you’re winning, you’re not happy.”
For these elite drivers, the sport is a relentless grind. A podium finish might bring temporary relief, but anything short of victory is often a source of frustration. The immense effort poured into preparation and execution rarely feels like it pays off unless the checkered flag is theirs.
Earnhardt highlighted the mental toll of falling short, explaining how the relentless focus on winning can overshadow the joy of simply competing. Even a solid performance feels hollow compared to the euphoria of a win.
“Unless you’re winning, you’re not happy at all,” he said. “You’re okay with a good run, but for the most part, all the effort it takes just to run good—it doesn’t weigh out.”
For drivers, the stakes are sky-high every week. Sponsors, fans, and teams demand nothing less than excellence, leaving little room for error or personal satisfaction in anything less than a dominant performance.
Earnhardt also shared insights into his friendship with Martin Truex Jr., who recently announced his retirement. While the two often spend time hunting together during NASCAR’s off-season, Earnhardt noted that the stress of racing even creeps into their leisure activities.
“When I’m with him during hunting season, it’s always in the back of his mind,” Earnhardt said. “It’s that stressful part of the year when he’s as miserable as he’s going to be.”
Now, with Truex stepping away from the track, Earnhardt looks forward to seeing a lighter, happier version of his long-time friend. Without the weight of weekly competition hanging over him, Truex might finally be able to relax and enjoy the outdoor lifestyle he cherishes.
“It’ll be fun to see him loosen up,” Earnhardt added.
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