Davis Love III, on 20 January 2011 - 20:58, said:
Exactly! That's one of the developments of the modern game that I don't particularly like, poeple are rewarded for having average success. Look at Tim Clark, a fine player, but only won in the US last year for the first time, but before that he had won $12 Million without winning a single event! You can make a ridiculous amount of money for being an average player. Need about $800,000 only to keep your playing rights!
This is where I have mixed feelings on the subject. You don't make a ridiculous amount of money for being an average player, you make a ridiculous amount of money for being an exceptional player. Average players by tour standard will struggle.
Also, the cost of being a touring pro is phenomenal. Let's say you earn $1M in a season, by the time your caddy has got 10%, management have 15%, you are left with $750,000. You will easily spend $100,000 in travel and $50,000 on accommodation. Your swing coach, putting coach, mind coach, physio, personal trainer all need to be paid, say another $100,000. Don't forget that you have to pay tax on your earnings, another $300,000. That leaves $200,000 earnings from original winnings of $1M. The real money is made from off-course work.
Of the 442 players who picked up a pay cheque on the PGA tour last year, only 99 of them made more than $1M. So only the cream of the PGA Tour made at least $200,000 net last year, still good money but not as outrageous as the headlines often suggest.
Out of interest, the average PGA event has a prize fund of $5.5M, and the prizes are broken down as follows;
1..$ 990,000 11..$ 137,500 21..$ 66,000 31..$ 35,750 41..$ 22,550 51..$ 13,530 61..$ 11,990
2..$ 594,000 12..$ 126,500 22..$ 61,600 32..$ 34,100 42..$ 21,450 52..$ 13,200 62..$ 11,880
3..$ 374,000 13..$ 115,500 23..$ 57,200 33..$ 32,450 43..$ 20,350 53..$ 12,980 63..$ 11,770
4..$ 264,000 14..$ 104,500 24..$ 52,800 34..$ 31,075 44..$ 19,250 54..$ 12,760 64..$ 11,660
5..$ 220,000 15..$ 99,000 25..$ 48,400 35..$ 29,700 45..$ 18,150 55..$ 12,650 65..$ 11,550
6..$ 198,000 16..$ 93,500 26..$ 44,000 36..$ 28,325 46..$ 17,050 56..$ 12,540 66..$ 11,440
7..$ 184,250 17..$ 88,000 27..$ 42,350 37..$ 26,950 47..$ 15,950 57..$ 12,430 67..$ 11,330
8..$ 170,500 18..$ 82,500 28..$ 40,700 38..$ 25,850 48..$ 15,070 58..$ 12,320 68..$ 11,220
9..$ 159,500 19..$ 77,000 29..$ 39,050 39..$ 24,750 49..$ 14,300 59..$ 12,210 69..$ 11,110
10..$ 148,500 20..$ 71,500 30..$ 37,400 40..$ 23,650 50..$ 13,860 60..$ 12,100 70..$ 11,000