who pays the purse in golf
The PGA Tour
The PGA Tourpays out all players who make the cut,starting at 0.213 percent of the stated purse for 66th place and decreasing by increments of 0.002 percent all the way down to whatever number of players make the cut.
How did the PGA Tour manage to increase purses again?
For the second time in two years, the PGA Tour had managed to increase overall purses during the course of a pandemic that had been financially ruinous to pro sports leagues. Players had badgered the Tour for more money, and boosts to overall purse payments represented concerted efforts in rewriting the script.
How much does the PGA Tour pay Players Championship winners?
Back in 2019, the PGA Tour raised the Players Championship purse to a record-breaking level that no tournament had ever reached: $12.5 million, with winner Rory McIlroy receiving $2.25 million. Just three years later, that sum is starting to look like chump change.
What is the Players Championship purse size?
No other tournament can compete with the Players Championship in terms of purse size. Back in 2019, the PGA Tour raised the Players Championship purse to a record-breaking level that no tournament had ever reached: $12.5 million, with winner Rory McIlroy receiving $2.25 million.
How much money does the PGA Tour have in reserves?
For a billion-dollar operation like the Tour, Monahan said, the reserves amount to an insurance fund for the players. “The PGA Tour reserves are $225 million,” he said. “They were at a high watermark — about $300 million — prior to Covid.