10/23/2023 0 Comments How much money does a pro golfer makeWoods is not playing as he recovers from injuries sustained from his car accident, but he will be a story all weekend as the winner of the last Open at Torrey Pines, where he defeated Rocco Mediate in 2008 in sudden death after an 18-hole playoff. Prize money: $191,000 Off-course: $62 million Sportico’s earnings estimates include prize money, endorsements, appearance fees, licensing and golf course design work in the 12 months ending May 31 based on conversations with golf industry insiders. Fowler, Rose and Scott were the only ones from above not among the top 10 by total earnings during the past 12 months. The payouts for the top performer in 2021 will be $8 million, with $6 million for the runner-up and the next eight due $3 million or $3.5 million. Jordan Spieth, Dustin Johnson, Justin Thomas, Justin Rose and Adam Scott round out the top 10. Woods scored the highest on the Tour’s algorithm during 2019, followed by Rory McIlroy, Brooks Koepka, Phil Mickelson and Rickie Fowler. “But they have to perform over the course of their careers in order to get the stature that causes other people to follow them as personalities.” “This is a recognition that there is value that the top players in the game are bringing beyond their singular performance that week,” Phil de Picciotto, founder and president of Octagon, said. But the PGA Tour wants to enrich these stars even more through its recently launched Player Impact Program, a $40 million bonus pool for the players who generate the most interest in the sport. Golf’s top 10 earners made an estimated $300 million over the last 12 months, and only 29% was from prize money. 6 in the Official World Golf Rankings and one of the favorites this week. “We find a lot of sponsors want to get involved with golf because they have the ability to tap into these C-suite level of executives that they want to do business with,” said Octagon’s Ross Chouler, who is the agent for Xander Schauffele, No. Corporate hospitality is another critical component of the golf sponsorship space. Those fans buy equipment, apparel, watches, financial services and cars with that disposable income. Golf offers a wildly attractive demographic for sponsors-the median household income for the sport’s TV viewers is roughly $75,000 and tops football, baseball and basketball, according to Nielsen. He also extended his agreement with Monster Energy at the end of last year. He was previously the face of Electronic Arts’ PGA Tour game franchise from 1998 to 2013. Woods signed a multi-year pact in early 2021 with Take-Two Interactive Software’s 2K franchise for its golf videogame. He counts more than a dozen brands in his endorsement portfolio, led by Nike, TaylorMade, Hero MotoCorp and Bridgestone and he’s earned more than $1.5 billion off the course since turning pro, versus $121 million in PGA Tour prize money. Yet Woods continues to be a master pitchman as brands look to align themselves with the 15-time major winner. Back surgery and a devastating February car accident limited Woods to only seven events, and his prize money was a mere $191,000. Woods is the highest-paid golfer over the last 12 months with $62.2 million. But for the superstars of the sport, the biggest paydays still come off the course. The PGA Tour will dole out more than $400 million this year, quadruple the tally from a quarter-century ago. Golf prize money has exploded since Tiger Woods burst on the scene in 1996. Open tees off Thursday at San Diego’s Torrey Pines with $12.5 million in prize money on the line, including $2.25 million for the winner, the biggest purse among golf’s four major championships.
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