The Masters Tournament is one of the most prestigious events in professional golf. Golfers have the opportunity to earn significant prize money and other perks for their performance at the tournament. According to sources, the total prize money for the 2023 Masters Tournament is $18 million, an increase from previous years. The winner of the tournament will receive a whopping $3.24 million, while the runner-up will take home $1.94 million. The payouts continue down the leaderboard, with the 50th place finisher earning $45,360. Additionally, the winner receives a lifetime exemption to the Masters, a five-year exemption for the PGA TOUR, and a five-year exemption to the other three major tournaments. These financial rewards make the Masters a highly anticipated event for professional golfers.
Key Takeaways:
- Professional golfers have the opportunity to earn significant prize money at The Masters.
- The total prize money for the 2023 Masters Tournament is $18 million.
- The winner of the tournament receives $3.24 million, while the runner-up takes home $1.94 million.
- The 50th place finisher earns $45,360.
- The winner receives a lifetime exemption to the Masters and a five-year exemption to the PGA TOUR and other major tournaments.
Prize Money Breakdown at the Masters
The Masters Tournament offers substantial prize money for the top golfers who compete in the event. Let’s take a closer look at the prize money breakdown for the 2023 Masters:
| Position | Prize Money |
|---|---|
| 1 | $3,240,000 |
| 2 | $1,940,000 |
| 3 | $1,220,000 |
| 4 | $860,000 |
| 5 | $720,000 |
| 6 | $640,000 |
| 7 | $600,000 |
| 8 | $560,000 |
| 9 | $520,000 |
| 10 | $490,000 |
| 11 | $460,000 |
| 12 | $430,000 |
| 13 | $400,000 |
| 14 | $375,000 |
| 15 | $350,000 |
| 16 | $325,000 |
| 17 | $300,000 |
| 18 | $275,000 |
| 19 | $250,000 |
| 20 | $225,000 |
| 21 | $210,000 |
| 22 | $195,000 |
| 23 | $180,000 |
| 24 | $167,000 |
| 25 | $155,000 |
| 26 | $145,000 |
| 27 | $135,000 |
| 28 | $125,000 |
| 29 | $115,000 |
| 30 | $107,000 |
| 31 | $100,000 |
| 32 | $93,000 |
| 33 | $87,000 |
| 34 | $82,000 |
| 35 | $77,000 |
| 36 | $72,000 |
| 37 | $67,000 |
| 38 | $62,000 |
| 39 | $57,000 |
| 40 | $52,000 |
| 41 | $47,000 |
| 42 | $44,000 |
| 43 | $41,000 |
| 44 | $38,000 |
| 45 | $35,360 |
| 46 | $34,000 |
| 47 | $32,000 |
| 48 | $30,720 |
| 49 | $29,440 |
| 50 | $28,160 |
This breakdown gives an idea of the potential earnings for golfers who finish within the top 50 at the Masters Tournament. The winner, as the top earner at the Masters, receives an impressive paycheck of $3.24 million, while the golfers who finish lower on the leaderboard still receive substantial payouts. It’s clear that the Masters offers a significant financial reward for the skilled competitors who excel in the tournament.
Stay tuned for the next section where we’ll explore the additional perks awarded to the winner of the Masters Tournament.
Additional Perks for the Winner
In addition to the substantial prize money, the winner of the Masters Tournament receives several notable perks. These perks add to the prestige and allure of winning the Masters, making it an unforgettable experience.
The Green Jacket
The winner is awarded the coveted green jacket, a symbol of their triumph at the Masters. This iconic jacket is presented to the champion during the awards ceremony, representing their exceptional performance throughout the tournament. The winner gets to keep the green jacket for a year, proudly wearing it as a badge of honor. However, they must return it to Augusta National Golf Club for the following year’s tournament, passing it on to the next deserving champion.
The Champions Dinner
Another exclusive perk for the winner is the honor of choosing the menu for the Champions Dinner. This special event takes place the Tuesday evening before the start of the next year’s Masters Tournament. It is attended by past champions, creating a unique opportunity for the winner to spend time with golfing legends and share stories of their victorious journey. The menu selection reflects the winner’s personal taste and preferences, making it a memorable occasion for all attendees.
Sterling Silver Replica Trophy
As a lasting memento of their triumph, the winner receives a sterling silver replica of the Masters trophy. This meticulously crafted replica serves as a tangible reminder of their remarkable achievement and the legacy they have created. It symbolizes their place among the golfing elite and their victory in one of the most prestigious tournaments in the world.
Extra Rewards for Exceptional Performances
Aside from the prize money and perks available to all participants, exceptional performances during the Masters Tournament are rewarded with additional prizes. Golfers who achieve a hole-in-one or an albatross receive a crystal bowl, commemorating their extraordinary shot. The golfer with the lowest score of the day is also recognized and presented with a crystal vase. These extra rewards serve as memorable mementos of remarkable moments on the course.
| Achievement | Reward |
|---|---|
| Hole-in-one or Albatross | Crystal Bowl |
| Lowest Score of the Day | Crystal Vase |
Exemptions and Points
Winning the Masters Tournament comes with significant professional benefits. The winner is granted a lifetime exemption to the Masters, ensuring their participation in the tournament for future years. They also receive a five-year exemption to the PGA TOUR, allowing them to compete in various events. Additionally, the winner receives a five-year exemption to the other three major tournaments: the PGA Championship, the U.S. Open, and The Open Championship.
These exemptions provide stability and opportunities for the winner to continue showcasing their skills on the biggest stages in professional golf. Furthermore, the winner receives 100 Official World Golf Ranking (OWGR) points and 600 FedExCup points, which are used to determine standings and eligibility for other events and accolades.
Comparison to Other Majors
The prize money at the Masters Tournament is one of the highest in professional golf. However, when compared to other major tournaments, such as the PGA Championship, US Open, and The Open Championship, the prize purses offer different amounts. In 2022, the PGA Championship had a total prize money pool of $15 million, while the US Open offered $17.5 million. The Open Championship, on the other hand, had a prize purse of $14 million. Let’s take a closer look at the prize money breakdown for each event:
| Tournament | Prize Money |
|---|---|
| PGA Championship | $15 million |
| US Open | $17.5 million |
| The Open Championship | $14 million |
As we can see, the US Open offers the highest prize money among these tournaments, followed by the PGA Championship and The Open Championship. However, it’s worth noting that the Masters Tournament still provides golfers with a substantial financial reward and stands as one of the most prestigious events on the golf calendar.
Conclusion
The Masters Tournament is not only a showcase of golfing skill and talent, but also a lucrative opportunity for professional golfers to earn substantial incomes. With a total prize money of $18 million, the tournament offers a generous payout to the top performers.
The financial rewards are significant, with the winner of the 2023 Masters set to take home an impressive $3.24 million. Even the 50th place finisher receives a respectable paycheck of $45,360. These earnings highlight the economic success that can be achieved by skilled golfers at the Masters.
Moreover, the benefits extend beyond the prize money. The winner of the tournament secures a lifetime exemption to the Masters, as well as a five-year exemption to the PGA TOUR and other major tournaments. These exemptions provide stability and opportunities for golfers to continue competing at the highest level, while also enhancing their professional reputation and potential earning potential.
All in all, the Masters Tournament offers professional golfers the chance to earn significant financial rewards, secure their future participation in prestigious golfing events, and enjoy the prestige and recognition that come with victory. It is undeniably one of the most anticipated and prestigious events in the golfing calendar, showcasing both the skills of the athletes and the potential for financial success in the sport.
FAQ
How much do golfers make at The Masters?
Golfers at The Masters have the opportunity to earn significant prize money. The total prize money for the 2023 Masters Tournament is $18 million, with the winner receiving $3.24 million.
What is the prize money breakdown at The Masters?
The prize money is distributed among the top 50 finishers. The payouts range from $45,360 for 50th place to over $3 million for the winner.
What additional perks does the winner of The Masters receive?
The winner of The Masters receives a lifetime exemption to the tournament, a five-year exemption to the PGA TOUR and other major tournaments, and gets to keep the coveted green jacket for a year, among other notable perks.
Are there any extra rewards for exceptional performances at The Masters?
Yes, golfers who achieve a hole-in-one or an albatross receive a crystal bowl, and the golfer with the lowest score of the day is awarded a crystal vase as well.
What exemptions and points does the winner of The Masters receive?
The winner of The Masters receives a lifetime exemption to the tournament, a five-year exemption to the PGA TOUR and other major tournaments, and is awarded 100 Official World Golf Ranking (OWGR) points and 600 FedExCup points.
How does the prize money at The Masters compare to other major tournaments?
The prize money at The Masters is one of the highest in professional golf. In 2022, the PGA Championship had a total purse of $15 million, the US Open had $17.5 million, and The Open Championship had $14 million available for distribution among the top finishers.
What is the overall income for professional golfers at The Masters?
The Masters Tournament provides golfers with the opportunity to earn substantial financial rewards and additional perks, making it a highly anticipated event for professional golfers to showcase their skills and potential for financial success.
Source Links
- https://www.golfmonthly.com/news/masters-prize-money-breakdown-2023-record-winners-pay-out-announced
- https://dknetwork.draftkings.com/2023/4/9/23671101/masters-tournament-purse-2023-prize-money-winner-payout-breakdown-tournament-earnings-how-much
- https://www.pgatour.com/article/news/latest/2023/04/08/the-masters-tournament-prize-money-breakdown