We have come a long way from 1996 when $181,000 was the base salary for players. That year, players bagged an average of $1,329,295 from PGA Tour event earnings. This is the highest that the average has ever been, up over $400,000 from the shortened 2020 season. Sports Illustrated reported that the average winnings of a PGA professional in 2021 was $1,485,055. I know some golfers who pay 10% of their earnings to their caddie if they win, so that number fluctuates as well. Obviously, that is without factoring in the cost of transport and a varying fee for caddies. Caddie fees and state tax may vary depending on the municipality of the event.īased on the information in the table, we see that professionals lose between 10 to 12% of the advertised tournament purse. Here’s an estimate of the total winnings a golfer keeps for the Masters, PGA Championship, and US Open: Tournament See also An Honest & Complete Review of Srixon ZX5 MKII Irons Add an extra $100 to $200 for food per day, and multiply that by 6 for the entire week. Let’s say that a player spends $450 per night on accommodation for them and their caddy. Plus, some players fly in private jets, which leads to fluctuating prices. However, I excluded flights because of the variation in professionals’ home bases and the tournament locations. I have also included their expenses for the week to provide a more accurate idea of the net prize money. For example, Matt Kuchar made the headlines when he paid his caddie $5,000 after winning nearly $1.3 million. This fee varies depending on the agreement the player and caddy have. The PGA professional then transfers the agreed fee to their caddy, which ESPN suggests is a minimum of 5%. Whatever remains appears in their account on the Wednesday following the event. The PGA Tour deducts State tax, and the transfer fees are docked by the bank. These are state tax, transfer, and caddy fees. How Much of Their Winnings Do Golfers Keep?ģ factors impact the total winnings that pro golfers keep. Therefore, it takes approximately 3 days from when a golf professional sinks the winning putt in a tournament until they receive their money. Although he said he was not 100% sure, he believed it would be the same for the PGA Tour. In his interview with Shiels, Hovland explains that a winner’s earnings hit their account on the Wednesday after DP World Tour events. When Do Golfers Get Paid After a Tournament? Knowing how to swing a golf club is one piece of the puzzle, but in this post, I’ll take you through the administrative side of being a professional golfer.Īside from unveiling when the paycheck clears their bank account, I list the other operating expenses they must account for. Hovland gave valuable insight into the procedure after winning a tournament. One question that arose was when pro golfers get paid after a tournament. I recently watched former pro golfer turned YouTuber Rick Shiels do an interview with Viktor Hovland where the Norwegian spoke about the experience of winning a Tour event.
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