AUGUSTA, GA - APRIL 08: Bubba Watson of the United States gestures after his one-stroke playoff victory to win the 2012 Masters Tournament during the green jacket presentation at Augusta National Golf Club on April 8, 2012 in Augusta, Georgia. (Photo by Jamie Squire/Getty Images)

Bubba Watson Wins Masters On Second Playoff Hole After Miraculous Shot

Bubba Watson is the 2012 Masters Champion after defeating Louis Oosthuizen on the second playoff hole. Phil Mickelson finished in a four-way tie for third. GOLF.com: Leaderboard | Previously: Coverage of Saturday's Third Round

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Masters 2012 Winner Bubba Watson Claims First Major Championship With Magical Shot

After hammering drives all over Augusta National, Bubba Watson needed to recover from a horrific drive into pine straw on his second playoff hole against Louis Oosthuizen. Watson did it, hitting one of the best shots you'll ever see at The Masters, and claimed his first green jacket over Oosthuizen as a result.

Watson played his tournament in 69-71-70-68 to finish at 10-under for the tournament, then made par on both playoff holes to beat Oosthuizen in the sudden-death playoff. He saved his finest stretch of golf for the back nine on Sunday, notching four straight birdies from No. 13 to No. 16 to roar into a tie for the lead, and then played steely golf from there on in to win.

Watson's first major championship comes scarcely more than 18 months after he failed to prevail in a playoff at the 2010 PGA Championship. On that Sunday, Watson headed into the last two holes of a three-hole playoff one stroke ahead of Martin Kaymer, then self-destructed as a result of his aggressiveness.

On this Sunday, his aggressiveness nearly torpedoed his chances of wearing a green jacket -- and then a magical, unbelievable shot all but sealed his victory. Bubba Watson, whose hometown is tiny Bagdad, Fla., and who never met a hole he couldn't drive, couldn't have better encapsulated his golf career if he tried.

You can view the final Masters leaderboard here. For more on the 2012 Masters, check out SB Nation's golf page and this StoryStream.

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2012 Masters prize money

UPDATE: 2014 MASTERS PAYOUT

Edit: Here is the full 2013 Masters prize money list.

A jacket isn't the only green thing you get after winning the Masters: there's also money. Lots and lots of money. Bubba Watson's playoff win over Louis Oosthuizen earned him $1,440,000 - or $576,000 more than Oosthuizen made. Those in the four-way tie for third will earn $284,000, a split of the third-, fourth-, fifth- and sixth-place pots.

In all, the top-10 players from this year's Masters will take home a significant amount of money, with each earning $244,000 or more. And for Watson, his playoff win nets him a green jacket, a lifetime exemption into The Masters and almost $1.5 million to boot.

Here's the payouts for those who finished in the top 10 of the leaderboard. These are unofficial, counted by hand, and we'll update with the official earnings as we get them.

1st: Bubba Watson, $1,440,000
2nd, Louis Oosthuizen $864,000
T-3rd, Lee Westwood, $284,000
T-3rd, Matt Kuchar, $284,000
T-3rd, Peter Hanson, $284,000
T-3rd, Phil Mickelson, $284,000
7th, Ian Poulter, $268,0000
T-8, Adam Scott, $244,000
T-8, Padraig Harrington, $244,000
T-8, Justin Rose, $244,000

You can view the live Masters leaderboard here.

For more on the 2012 Masters, check out SB Nation's dedicated golf hub and this StoryStream.

Check out the SB Nation Channel on YouTube

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Masters Playoff Rules: Sudden Death, Starting On No. 18

Bubba Watson and Louis Oosthuizen will head to a playoff at The Masters after a pressure-packed few moments at Augusta National. The two, playing in the same group, went toe-to-toe throughout the day, with Oosthuizen carding a double-eagle on No. 2, then coming back to earth a bit as the round wore on. Watson made his charge late, climbing up the leaderboard to catch Oosthuizen as the two battled it out over the final few holes.

On 18, Watson hit his approach to a manageable distance, then two-putted for par. Oosthuizen had a tough downhill putt for birdie, then a slippery five-footer for par to force a playoff. He made it, and we'll see the two battle it out in a match-play format as soon as the final group is finished.

The playoff rules are simple. Players will start on No. 18 in a sudden-death format. If they match each other's score, they'll go to No. 10 and do it all over again. If they're still tied, it goes back to 18. And so on.

You can view the live Masters leaderboard here.

For more on the 2012 Masters, check out SB Nation's dedicated golf hub and this StoryStream.

Check out the SB Nation Channel on YouTube

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Masters 2012: Watch Out For Bubba Watson! He's The Guy Wearing White

Bubba Watson's hard to miss this week at the Masters. He's the guy wearing all-white.

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Tiger Woods' Shot At The Masters Is Over, So It's Back To The Drawing Board Again

Tiger Woods finished another forgettable round on Saturday, resigned to the fact that his week at The Masters was a bust. Once again, it's back to the drawing board for a man who can't seem to put everything together again.

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