The winner of the Masters becomes an honorary member of the club.
Arnold Palmer
The winner of the 2008 Masters golf tournament will take home $1.35 million.
There is no trophy, the winner receives the green jacket.
$ 1,350,000 was the announced prize money for first place in the 2010 Masters Golf Tournament.
The 2008 Masters Golf tournament has a purse of $7.5 million, $250,000 more than last year. Of that, the winner (Trevor Immelman) takes home $1.35 million.
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Georgia
It is a tradition of the Masters Golf Tournament since 1949. The green coat is the official attire of the Augusta National Golf Club. When players win the Masters they become members of the exclusive club for a lifetime. For a year after winning the Masters the champion keeps the jacket. After that they return it to the club where it stays until they return to play. The winner of the tournament in the previous year puts the jacket on the new winner by tradition.
The 2008 Masters golf tournament has a purse of $7.5 million, $250,000 more than last year. Of that, the winner (Trevor Immelman) takes home $1.35 million.
The tied players go to a play off, starting on 18 then to 10 and repaeating until a winner is declared
Arnold Palmer (68) captured his third Masters title in the Tournament's first three-way playoff defeating defending champion Gary Player (71) and Dow Finsterwald (77).