The Masters began on Thursday, and we’re on the verge of someone winning the most sought-after prize in golf. Competing at Augusta has never really been about the money, but earning the coveted green jacket, joining a very exclusive club of past winners.
Of course, money is really nice too, and on Saturday the Augusta National Golf Club announced a record $15M purse, a significant rise over last year’s $11.5M total pool. This represents $2.7M for the winner, and at least $37,800 each for everyone who made the cut.
As of Sunday morning we’re in for a dramatic day, as the Unites States’ Scottie Scheffler holds a three stroke lead. However, he shot -1 on Saturday, while Australia’s Cameron Smith was on fire — shooting -4 on the day and pushing into second place. If Sunday duplicates round 3 then we’re in for a very interesting afternoon.
It’s important to note though that not everyone who competes will be paid. The six amateurs entering the field this year were ineligible for a prize. In addition, anyone who failed to make the cut also did not receive any prize money. Outside of the winner everyone who made the cut will receive funds on a sliding scale, dividing up the purse between them.
It’s remarkable to look back at how the payout for The Masters have changed over the years. In 1934 the winner took home $1,500 (roughly $32,000 today), and didn’t reach $1M until 2001. Since that point the payouts have exploded, with the winner now earning $2.7M.