It is no news that the professional golfers all around the world earn a hefty sum of money after each of their tournaments. However, exactly when do golfers get paid after a tournament and how much they are paid is a mystery to many.
Regardless of which position they finish the tournament in, professional golfers take a part of the winner’s prize as their salary. It might take up to 3 days after the tournament is finished when the golfers get paid their share.
We will discuss the details of a professional golfer’s payment in this article. If you have been wondering about their earnings, this detailed guide will help you understand how the professional golfers get paid in a tournament.
Do Professional Golfers Get Paid to Play Tournaments?
The professional golfers of PGA tournaments are paid very well in each of their tours. They get to work as independent contractors by signing a tax form provided by the PGA tour authorities.
But they have to pay for their own meals, air tickets, entry ticket, hotel accommodations and their caddy. This comes with being an independent contractor.
The entire amount of money awarded to the field of golfers at each PGA Tour tournament is known as the purse. Each participant is subsequently paid according to their finish-order in the competition.
In 2022, the PGA Tour will earn an average of $9.1 million. With a $20 million total purse, it is one of the biggest tournaments so far.
In 2021, an average PGA Tour player made slightly under $1.5 million according to pgatour.com. The PGA Tour’s 250th-place finisher, Parker McLachlin, who won $6,090.
But the year’s money leader was Jon Rahm, who made a shocking amount of $7,705,933 million.
The top four players of 2021 were Rahm, Patrick Cantlay, Bryson DeChambeau, and Collin Morikawa. They each made over $7 million in that year.
When Do Golfers Get Paid After a Tournament?
The professional golfers are not shown to get paid instantly on the tournaments. So, you might be confused about when exactly the golfers are paid their share of winnings or their salary.
Usually, the golfers are supposed to receive their money via electronic transaction within a week of the tournament. The winnings are not allowed to be paid in cash or check.
The PGA tournament organizers and authority take some time after the tournament to send the money to the professionals.
They gather up their winning purse and calculate the share of each participant which takes them a few days.
Therefore, it takes a minimum of 3 days for the professionals to get paid after the tournament is over.
How Much Winnings Does A PGA Tour Golfer Keep?
The total winnings that professional golfers have are usually influenced by three factors. These three influential factors are- State tax, switch, and caddy fees.
State tax is subtracted by the PGA Tour from the players. On the other hand, the financial institution deducts changeover fees from them.
On the Wednesday after the event, the rest of the fee is deposited in the golfer’s account.
The PGA professional then pays their caddy the agreed-upon sum. ESPN recommends this sum should be at least 5% of the total received fee.
However, depending on the agreement the player and caddy have, this cost varies. Depending on the tournament, the winning amount of a professional golfer varies vastly.
A golfer can give their caddy more than 5% if they’re willing to. They also need to pay for their accommodation and meals during the tournaments.
So, these fees are also deducted from the winner’s purse. In the end, what is left of the money is counted as the golfer’s received payment for the tournament.
Here are the total winnings for three of the biggest PGA tournaments across the world.
You can get an idea about the winnings of a professional golfer at the Masters, PGA Championship and the US Open from this chart:
|Event||Masters||PGA Championship||U.S Open|
|State Tax||7.31% (Augusta)||8.52%||5%|
|Locker Room Price||$50||$50||$50|
|Caddy Price (5%)||$135,000||$108,000||$112,500|
How Does a Professional Golfer Get Paid?
Professional golfers don’t only earn money from playing in the tournament as we all think. There are many other ways and sources of money open for any golfers willing to take the shot.
Playing in these tournaments is a chance that not every golfer gets. They make their living depending on these opportunities tuned in with their sport. Let’s take a look at the ways a professional golfer can get paid.
The biggest payment any professional golfers can get comes from participating in any of the professional tours.
Tournaments such the US PGA tour, Asian tour, Europe tours are big global competitions that pay the highest to the participants.
The winner of these tournaments gets 18% of the total purse which is an incredible amount.
The US Open pays every participant until the 60th place holder. Last year, the 60th place holder received an amount of $17,000.
So, undoubtedly, professional golfers are some of the highest paid people in the world. They need to make the cut to play in these tournaments by going through the selection tests first.
The government holds annual tournaments to select the potential participants for these competitions each year.
Club pro is a PGA professional who oversees and manages the golf operations on behalf of a course’s owners or operators.
A golfer must pass a qualification procedure in order to prove that they have the skills and knowledge necessary to run a golf club.
Usually, retired players often take up these positions to use their experience and knowledge on the sport.
The median total remuneration for the general manager or head professional as a club pro in 2010 was $70,000-$90,000.
A golf coach would receive a total of $45000-$55000. Director of instructor positions in private golf courses get paid between $60,000-$70,000.
Many professional golfers represent and endorse a lot of different companies and get paid by them.
These endorsements and advertisements are one of the most prominent sources of earning for a professional golfer.
The companies are always waiting for a well known golfer to become the face of their products.
Clothing lines, golf equipment, tech companies, alcohol and beverages, auto manufacturing companies are the topmost endorsing companies for golfers.
The exposure of their branded logo and using the branded products are what will get the golfers money from these companies.
These companies are willing to sign with a professional from $200,000 to $500,000 just to boost their logo visibility. The payment largely depends upon the popularity and ranking of the particular professional.
Since the professional golfers are nothing short of a celebrity, appearing on TV shows also gets them money. The professionals take up TV appearances in order to attract and gain a larger fan base.
The television show organizers pay the professionals a hefty sum of money for them to appear on their shows. They are wanted for interviews and game shows which gets them popular as well.
Tiger Woods has made around $8 million just from his TV appearances and social media. The total earnings of professionals through this method was reported to be $40 million.
Let’s get to know some more information on the professional golfers and their payments after a tournament. This section might answer some of your unasked questions.
What Is The Average Winning of a PGA Tour Golfer?
The average winning of a PGA tour golfer is $1.5 million.The highest winning of 2021 was more than $7 million. It was won by Jon Rahm for his outstanding performance.
Do Professional Golfers Get Paid If They Miss The Cut?
Only in major tournaments, the golfers get paid even if they miss the cut. Tournaments like the Master Championship will allow it. However, in other tournaments, missing the cut will result in free playing for at least 2 days.
Who Are Some Of The Highest Paid Golfers in Tournaments?
Tiger Woods, Phil Mickelson, Justin Thomas, Brooks Koepka, Rory McIlroy, Dustin Johnson are some of the highest paid golfers. This list also includes Hideki Matsuyama, Jordan Spieth, Bryson DeChambeau and Jon Rahm.
How Is The Golf Purse Distribution?
In the PGA golf purse distribution, a certain percentage of the total purse is assigned to each of the players. The winner gets 18% of the purse and the runner up gets 10.8%. This goes on down to the 70th player with 0.2% purse.
The world of a professional golfer is filled with opportunities and possibilities. There are so many ways and methods of earning money in this field once you can make the cut as a professional.
But it takes immense talent and hard work to reach that level of expertise and gain popularity.
Even if we see many professional golfers with such a lavish and solvent life, there are also exceptions. Many professionals out there are still struggling to make their big break or gain recognition.
These professionals are working their way through the world of golf to be able to play in the big tournaments. Let’s hope all of their hard work pays off in the end.
Meet Jalal, a passionate golf writer and the driving force behind Golfertroop.com, your go-to destination for all things golfing! Whether you’re a seasoned golfing veteran or a beginner taking your first swing, Jalal is here to assist you in making the most out of your golfing experience.