Introduction
The Masters Tournament is one of the most prestigious golf tournaments in the world. It is held annually at the Augusta National Golf Club in Augusta, Georgia, and is considered to be one of the four major championships in professional golf. The Masters is an invitation-only event, and only the top players in the world are invited to compete.
Winning the Masters is a career-defining moment for any professional golfer. Along with the prestige and glory of being crowned a Masters Champion, there is also a significant financial reward. In this article, we’ll explore just how much money Masters winners receive.
How Much Money Do Masters Winners Receive?
The first thing to note is that the prize money for winning the Masters has increased significantly over the years. In 1965, the winner’s purse was just $20,000. As of 2020, the total prize money for the winner is $2.07 million dollars. This is a tenfold increase in just 55 years.
In addition to the main prize money, Masters champions also receive a number of other monetary rewards. These include a green jacket, invitations to other major tournaments, and a five-year exemption from qualifying for the Masters. All of these rewards add up to create a significant financial benefit for the winner.
Breaking Down the Winnings of a Masters Winner
The main prize money for winning the Masters is awarded in two payments: an initial payment of $1.82 million and a deferred payment of $250,000. The deferred payment is due 10 years after the victory. Other cash prizes are also awarded to the top finishers, with the runner-up receiving $1.2 million and third place receiving $800,000.
In addition to the cash winnings, Masters champions receive a number of additional rewards. First and foremost is the iconic green jacket, which is presented to the winner during the awards ceremony. The green jacket symbolizes membership to the Augusta National Golf Club and is highly coveted by professional golfers. The winner is also given an invitation to the other three major tournaments (the U.S. Open, The Open Championship, and the PGA Championship) for the next five years. Finally, the winner receives a five-year exemption from qualifying for the Masters.
Conclusion
Winning the Masters Tournament is a career-defining moment for any professional golfer. Along with the prestige and glory of becoming a Masters champion, there is also a significant financial reward. The winner receives a total of $2.07 million in prize money, as well as a green jacket, invitations to other major tournaments, and a five-year exemption from qualifying for the Masters.
For aspiring Masters champions, the financial rewards can be life-changing. With hard work and dedication, anyone can achieve their dream of becoming a Masters champion and reaping the financial rewards that come with it.
(Note: Is this article not meeting your expectations? Do you have knowledge or insights to share? Unlock new opportunities and expand your reach by joining our authors team. Click Registration to join us and share your expertise with our readers.)