An amateur can only win $500 or £250, anything over this they aren't allowed to collect it.
Amateur status is defined by the USGA and R and A as simply not a professional golfer. The maximum amount of money an amateur can win is £250 / $500. If an amateur accepts a prize of greater than this they are deemed to have broken the rules of amateur status and therefore become a professional golfer.
No they cannot. If they accept money they are no longer considered an amateur.
Doesn't get a bean. Amateurs do not get any prize money.
A professional Golfer is a very good golfer that does not follow the USGA and R&A Rules of Amateur Status. Basically, that is a golfer that accepts prize money at tournaments(ie Tiger Woods).
Highest placing professional wins the amateurs prize money.
Amateur status is where a Golfer is not a professional Golfer. On the nationwide tour it would be considered as the player can win the event and trophy and the exemptions that go with it but they cannot take the prize money, as this is against the rules of amateur status. As the Nationwide tour is a professional tour there are no amateur members but some amateurs get asked to play the events in sponsors exemptions.
Under the rules of the USGA an amateur golfer must not accept a prize with a retail value of more than $750 dollars. Under the rules of the R&A an amateur golfer must not accept a prize with a retail value of more than £500.
If you enter the tournament as an Amateur than you will not collect any prize money if you make the cut. You will need to enter the tournament as a professional if you want to get paid.
The Money Masters was created in 1995.
The tournament committee decides what percentage of the total purse each position will get. A tie for second will each get half of the prize money for 2nd and 3rd place.
No, when an amateur accepts an invitation to a tour event they forgo all official money.
The duration of The Money Masters is 3.5 hours.