One of the four majors in golf, The Masters is the first major taking place every year in the first week of April. Unlike some of the other majors, the Masters always takes place at the Augusta Nation Golf Club and the 2016 event will take place between 7th April-10th April 2016. The Masters is the most prestigious golf event and in terms of financial reward it is also one of the highest paying golf competition in the world.
2016 The Masters Payout (Revealed)
The Masters prize money fund is derived from the tournaments tv rights deal (65%) and title sponsorships (35%) and For the 2016 Master Tournament the total prize money fund will be $10 million while the winner of 2016 Masters will take home as much as $1.8 million.
So how the prize money is distributed among the players participating in The Masters ?
Every professional player who play in “The Masters” is guaranteed atleast $10,000 regardless where they finish. While the prize money goes up with every higher position right up to $1.8 million for the winners. Players finishing T17 can pocket seven figure sums. But Amateur golfers do not receive any prize money.
|1||$1.8 million The winner of the masters gets $1.8m. But if a amature golfer wins it he don’t get paid any prize money instead it will be distributed among pro-golfers who made the cut|
|2||$1.08 million (if several players are tied at T2, each will be paid $880,000)|
|3||$680,000 (if many players are tied at t3, each will be paid $480,000)|
|16 to 50||$10,000 less for every position from 16th ($170,000) to 50th ($25,000).|
|Rest||Rest of the pro-golfers will get cash prizes from $24,600 downwards to $10,000 minimum depending on how they finish.|