PGA Tour: Biggest Purses, Prize Money 2024 Season (2024)

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PGA Tour: Biggest Purses, Prize Money 2024 Season? ›

Players Championship (March 9-12)

The Players Championship offers the largest purse of all PGA events in 2024. The Masters awards a total purse of $20 million.

The 2024 Players Championship represents the biggest non-major tournament on the PGA Tour schedule, and as such, it appropriately offers the biggest purse. With an event of this magnitude, it is only right the payday matches the stakes as a total of $25 million will be up for grabs this week at TPC Sawgrass.

A grand prize money total of $25 million will be dispensed across the field with a wide range of champions – new and old – convening for the big tournament. Reigning champion Scottie Scheffler enters the competition in fine form after demolishing the competition at the Arnold Palmer Invitational last week.

If golfers are tied, they split the earnings awarded to all finishing positions from their finisihing position plus the number of golfers golfers with whom they are tied. For example, two golfers tie for second, they split the money paid out to 2nd place and 3rd place. Amateurs do not receive earnings.

2024 Genesis Invitational money: Purse, payout breakdown, winner's share. The 2024 Genesis Invitational will distribute a $20 million purse. After firing rounds of 64-65, Patrick Cantlay took a commanding five-shot lead at the Genesis Invitational's halfway point.

The Masters was April 11-14, 2024. The purse was $20 million with a $3.6 million winner's share. Scottie Scheffler won for a second straight time.

2023 The World's Highest-Paid Athletes Earnings

McIlroy is one of the PGA Tour's most marketable players, with only Tiger Woods earning more off the course. He scored his biggest payday on the course in 2022 with a record $26.7 million in prize money, including $18 million for claiming the FedEx Cup title.

Tournaments and title sponsors already pay money that goes toward purses, in varying degrees depending on the event, but now the Tour is asking for more.

Erica Stoll

Rory McIlroy / Wife (m. 2017)

How much did Scottie Scheffler caddie make? ›

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Augusta National Golf Club announced that the 2024 Masters would have a total purse of $20 million. Winner Scottie Scheffler captured the $3.6 million winner's purse, minning his caddie, Ted Scott, will have taken home around 10 percent of that - so $360,000.

The 27-year-old talent received a $3.6 million cash prize back to back at the Masters and RBC Heritage, an amount that has helped him reach nearly $18.7 million for the 2024 season on the PGA Tour.

A caddie will negotiate a contract with their player and while the details will vary, the industry standard is that the caddie will be paid a weekly stipend of between $1500 and $3000 per week.

The caddie of the Master's winner will get 10% of the prize money. For context, Jon Rahm won the Masters' last year and got $3.24 million. The caddie for the runner up at the Masters will get 7% of that player's prize winnings; every caddie after that will get 5%.

Money Distribution: When golfers are tied, they split the earnings awarded to all finishing positions from their finishing position plus the number of golfers with whom they are tied [1]. For example, if two golfers tie for second place, they would split the money paid out to both second place and third place [1].

Regular PGA Tour Events: In most regular PGA Tour events, players who miss the cut do not receive any payment for that week [1][2]. The cut is usually made after the second round, and only the top 65 players (including ties) continue to play and earn prize money.

Traditionally, the PGA Tour awards 18 percent of the total purse to the winner, with second place receiving about 11 percent, third place 7 percent, and so on.

Malnati also collected $1.512 million for his victory, from an $8.4 million total purse. It's Young's ninth runner-up finish on the PGA Tour as he continues to search for his first win. He took home $915,600.