0
Under the rules of Golf and amateur status of the R and A, the maximum an amateur can win is £250. Under the rules of golf and amateur status of the USGA the maximum an amateur can win is $500. If an amateur accepts a prize of greater than this they forfeit their amateur status, and are therefore by definition a professional golfer.
It all depends who you are, what tour you play on, what you win and the endorsements you attract. Consider Tiger Woods, in 2008 he earned $110 million from playing and endorsements. Players like Tiger Woods and Phil Mickelson would make tens of millions a year in endorsements alone and on course earnings would reach around $10 million. A PGA Tour win is worth around $1 million.
For missing the cut in some events it could pay around $10,000-30,000.
A smaller tour like the Canadian tour has smaller purses and the endorsements are a lot smaller as the players are a lot less well known.
PGA Professionals usually earn between $700,000 and $3 million
Depends on how he/she finishes in tournaments. If you get above the "cut" line, you earn money.
Add your answer:
Earn +20 pts
Does the winner of a golf tournament receive the prize money immediately or sometime after the tournament ends?
The Golfer receives the prize after the tournament ends.
Can an ameteur golfer opt to take the prize money if he wins a golf tournament.?
No
What is a pro golfer?
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).
Amateur golf status?
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.
What happends to money won by an amateur golfer?
amateurs can only receive $750 cash as a prize, and typically this is given in the form of an in-kind prize, something worth $750, or pro-shop credit for that amount. any left over money would then be allocated however the tournament committee decides.
Under the Rules of Golf how much money may a player accept as a prize without changing his amateur status?
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 were to enter the PGA pre qualifier as an amateur and make to the weekend of the regular tournament do you get compensation?
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.
How do you determine the amount of money each golfer receives in a golf tournament such as the Masters?
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.
What is considered amateur status on golfs nationwide tour?
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.
What is the name for poker prize money?
Prize money if you are asking about a tournament, in regular play it is called the pot.
In a poker tournament what is it called when guaranteed prize money?
Typically a tournament that has guaranteed prize money states that there is a guaranteed prize pool and often go on to say how much. For example: Guaranteed prize pool of $250,000. This means no matter what they take in for buyins, this much will be reserved for the prize money. The rest will go to costs of hosting the tournament be online or in a casino.
Can an amateur golfer on wining a pro tour event turn pro and therefore get the prize money?
No, they can not do this. The player would have been fully aware that even if they win the event they can not accept any prize money. If they turned pro prior to to the event, just after being asked to play, there would have their invitation withdrawn.
