Masters 2024: Winner’s Payout & Prize Money Earnings (2024)

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Masters 2024: Winner’s Payout & Prize Money Earnings? ›

The total purse for the 2024 Masters is $20 million, a record high, and up $2 million from last year. Tournament champion Scottie Scheffler took home a record $3.6 million — $360,000 more than last year's winner earned.

The winner of this year's Masters will receive $3.6 million — Jon Rahm won $3.2 million last year — with the runner-up taking home $2.16 million and 3rd earning $1.36 million.

(The Players Championship remains the richest purse in golf at a total of $25 million.) This year, the 2024 PGA Championship purse increased again to a total of $18.5 million.

$27,696,858. So that's around $1.8 million for every tournament he's played this year, and around $460,000 for every round he's teed it up. Scheffler's 2024 money easily surpasses his record-breaking earnings last year, when he took home $21 million.

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%.

Woods has lifetime exemptions into the Masters and PGA Championship as a past champion, and can play in the Open Championship until he is 60. Winning the U.S. Open, however, only comes with a 10-year exemption. And Tiger's five-year exemption into the U.S. Open for winning the 2019 Masters expired last year.

The 2024 Masters purse payout breakdown is as follows, with the top 50 golfers receiving cash prizes ranging from $3.6 million to $50,400. The remaining professionals, who do not place in the top 50, receive cash prices ranging downward from $49,200, based on their scores.

“If the guy makes the cut, the standard is 10-7-5 — 10% for a win, 7% for a top 10, 5% for everything else,” Collins explained, according to an Insider report. He went on to say that some caddies may negotiate lowering winning payouts in exchange for a higher weekly income.

How much did Scottie Scheffler Caddie make? ›

So much so, he has made more than a million more than the Tour average ($1.555,579). As the chart shows, Scott has likely brought in $2,633,839 million, which seems minuscule to Scheffler's nearly $28 million.

Let's look at Joel Dahmen — a guy who has made $9.5 million in career earnings and ranked 128th worldwide. He's a damn good player. Joel made $1.7 million last year in 26 events. His caddie, Geno, likely made around $180,000.

Bryson DeChambeau LIV Golf contract

DeChambeau signed a reported four-year, $125 million contract with LIV Golf in June 2022. That is tied with Dustin Johnson for the fourth-most lucrative contract LIV Golf, trailing Jon Rahm ($300 million), Phil Mickelson ($200 million) and Brooks Koepka ($130 million).

Forbes estimates that Woods has made $1.8 billion during his golf career when adding up all his winnings, appearance fees, and valuable sponsorships throughout the years. In addition to Nike, Woods has had partnerships with other big-name brands like Gatorade, Rolex, and Gillette.

1.3 billion USD (2024)

Tiger Woods / Net worth

Scottie Scheffler had an average driving distance of 311.6 yards in 2021-22. StatMuse has season-level data for driving distance average going back to the 1980 season.

The 2024 Masters purse payout breakdown is as follows, with the top 50 golfers receiving cash prizes ranging from $3.6 million to $50,400. The remaining professionals, who do not place in the top 50, receive cash prices ranging downward from $49,200, based on their scores.

While amateurs don't get paid for playing at The Masters, if he goes onto win the title, his still receives a Green Jacket. It hasn't happened yet, though. The closest an amateur came to winning The Masters was in 1956, when Ken Venturi finished runner-up.

On average, caddies tend to make roughly 7 to 10 percent of their golfer's purse, and given that Scheffler has made a remarkable $27,696,858 on TOUR this year, Ted Scott is looking at between $1,938,780 and $2,769,685. If Scott is paid the 10 percent, his figure is more than: Jordan Spieth.