User:Fgf2007/sandbox1
Proposed New Wikipedia Page: PGA Tour Prize Money
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Thanx-A-Lot, Frank ... Fgf2007 (talk) 10:02, 2 March 2023 (UTC)
PGA Tour Prize Money, often referred to by the Tour as Official Money, is the money which is awarded to professionals for finishes in each PGA Tour tournament that is co-sponsored or approved by the Tour. Players will earn Official PGA Tour Prize Money only by competing in an actual given tournament, and such money will count towards the PGA Tour's Official Money List.
Any other money that a player earns from such things as pro-amateur competitions (either as part of the ongoing main tournament or separately), team competitions; any domestic or international individual (IE, non-team) event not designated by the PGA Tour as an Official Money Event; or, from various sponsor endorsements, is considered to be un-official money.
Current Standard Distribution Method[edit]
For the 2019-20 PGA Tour Season, a new 65-place distribution method is in effect. It compliments a change of the PGA Tour 36-hole cut rule. Previously, the cut was to the Low 70 and ties; now it's Low 65 and ties.
When a tournament first begins play, its field typically has 105 to 156 players. Then after 36 holes (54 at AT&T-Pebble Beach and Humana Challenge) the field is usually cut down to the Low 65 Scorers plus ties. Those players who do not survive the cut will not receive any shares of the purse. Those players who do survive the cut -AND- go on to officially finish all scheduled holes of the competition will receive a prize based on their finish in the tournament.
For money to count as official -- and thus earn (or improve upon) a position on the PGA Tour's Official Money List -- a player must officially complete all scheduled holes of competition.
For 2019-20 season and after
Announced Purse: $ 5,000,000 1st Prize: $ 900,000 (18% of total purse)
Divide the 1st prize of the particular event being contested by $900,000.
Use the result to multiply individual place prizes.
1..$ 900,000 21..$ 61,250 41..$ 20,750 61..$ 11,150
2..$ 545,000 22..$ 56,250 42..$ 19,750 62..$ 11,050
3..$ 345,000 23..$ 52,250 43..$ 18,750 63..$ 10,950
4..$ 245,000 24..$ 48,250 44..$ 17,750 64..$ 10,850
5..$ 205,000 25..$ 44,250 45..$ 16,750 65..$ 10,750
6..$ 181,250 26..$ 40,250 46..$ 15,750
7..$ 168,750 27..$ 38,750 47..$ 14,750
8..$ 156,250 28..$ 37,250 48..$ 13,950
9..$ 146,250 29..$ 35,750 49..$ 13,250
10..$ 136,250 30..$ 34,250 50..$ 12,850
11..$ 126,250 31..$ 32,750 51..$ 12,550
12..$ 116,250 32..$ 31,250 52..$ 12,250 *** TIE EXAMPLES ***
13..$ 106,250 33..$ 29,750 53..$ 12,050
14..$ 96,250 34..$ 28,500 54..$ 11,850 3-way tie, 2nd Place
15..$ 91,250 35..$ 27,250 55..$ 11,750 $ 378,333.33
16..$ 86,250 36..$ 26,000 56..$ 11,650 7-way tie, 29th Place
17..$ 81,250 37..$ 24,750 57..$ 11,550 $ 31,357.14
18..$ 76,250 38..$ 23,750 58..$ 11,450
19..$ 71,250 39..$ 22,750 59..$ 11,350
20..$ 66,250 40..$ 21,750 60..$ 11,250
When more than 65 professionals finish 72 holes, the worth of
places below 65th is as follows -- 66th, $ 10,650; 67th, $ 10,550;
68th, $ 10,450; 69th, $ 10,350; and so on to the last finishing pro.
Ties: Other than First Place[edit]
Ties involving any place other than first are handled as shown in the following examples ...
- A three-way tie for second - the 2nd, 3rd and 4th place prizes ($ 545,000 + $ 345,000 + $ 245,000) are added together, then divided by three. The result of $378,333.33 is awarded to each player, with the player who finished tournament play the earliest receiving an extra penny.
- A seven-way tie for 22nd - the 22nd thru 28th place prizes ($56,250 + $ 52,250 + $48,250 + $44,250 + $40,250 + $38,750 + $37,250) are added together, then divided by seven. The result of $45,321.42 is awarded to each player, with the first six players who finished tournament play the earliest each receiving an extra penny.
To explain the Extra Penny Rule -- Because the PGA Tour is a charitable non-profit organization, it has to account for each and every penny it takes in and gives out.
Ties for First Place[edit]
If, at the end of regulation play in any given tournament, there is a tie for the championship, which is in effect first place, a playoff will occur. If the playoff has just two participants, then the playoff winner is awarded first place money and the loser second place money. If the playoff has three or more participants, then the winner gets first place money while the losers, who are deemed to be tied for second place, receive equal shares of consolation money, using the rules described in the "Ties: Other than First Place" section above.
In any playoff with three-or-more participants, it matters not if a given participant is eliminated before the playoff's final outcome is decided. Imagine in a three-way playoff that one participant is eliminated after one or two holes, and then the other two continue on, say, two more holes before one wins outright. The player that was eliminated from the playoff first is still considered tied for second with the other playoff loser. All losers of 3-or-more man playoffs are always considered tied for second no matter which point in the playoff they are eliminated.
Previous Purse Distribution Methods[edit]
1979 to 2018-19 :: $ 5,000,000 18%-1st Place | 70-Place Purse 1..$ 900,000 21..$ 60,000 41..$ 20,500 61..$ 10,900 2..$ 540,000 22..$ 56,000 42..$ 19,500 62..$ 10,800 3..$ 340,000 23..$ 52,000 43..$ 18,500 63..$ 10,700 4..$ 240,000 24..$ 48,000 44..$ 17,500 64..$ 10,600 5..$ 200,000 25..$ 44,000 45..$ 16,500 65..$ 10,500 6..$ 180,000 26..$ 40,000 46..$ 15,500 66..$ 10,400 7..$ 167,500 27..$ 38,500 47..$ 14,500 67..$ 10,300 8..$ 155,000 28..$ 37,000 48..$ 13,700 68..$ 10,200 9..$ 145,000 29..$ 35,500 49..$ 13,000 69..$ 10,100 10..$ 135,000 30..$ 34,000 50..$ 12,600 70..$ 10,000 11..$ 125,000 31..$ 32,500 51..$ 12,300 12..$ 115,000 32..$ 31,000 52..$ 12,000 *** TIE EXAMPLES *** 13..$ 105,000 33..$ 29,500 53..$ 11,800 14..$ 95,000 34..$ 28,250 54..$ 11,600 3-way tie, 2nd Place 15..$ 90,000 35..$ 27,000 55..$ 11,500 $ 373,333.33 16..$ 85,000 36..$ 25,750 56..$ 11,400 7-way tie, 29th Place 17..$ 80,000 37..$ 24,500 57..$ 11,300 $ 31,107.14 18..$ 75,000 38..$ 23,500 58..$ 11,200 19..$ 70,000 39..$ 22,500 59..$ 11,100 20..$ 65,000 40..$ 21,500 60..$ 11,000 If more than 70 professionals finish the event, then each place beyond the 70th is worth $ 100 less than the place above it (71st - $ 9,900; 72nd - $ 9,800; 73rd - $ 9,700; and so on). Prize money is awarded to all professionals finishing 72 holes (or 54 holes, if scheduled as such). When more than 70 professionals finish 72 holes, the worth of places below 70th is as follows -- 71st, $ 9,900; 72nd, $ 9,800; 73rd, $ 9,700; 74th, $ 9,600; and so on to the last finishing pro. _____________________________________________________________________________ 1973 to 1978 :: $ 5,000,000 20%-1st Place | 70-Place Purse 1..$ 1,000,000 21..$ 55,000 41..$ 20,500 61..$ 9,750 2..$ 570,000 22..$ 50,000 42..$ 19,500 62..$ 9,500 3..$ 355,000 23..$ 47,000 43..$ 18,500 63..$ 9,250 4..$ 235,000 24..$ 44,000 44..$ 17,500 64..$ 9,000 5..$ 205,000 25..$ 41,500 45..$ 16,500 65..$ 8,750 6..$ 180,000 26..$ 40,000 46..$ 15,500 66..$ 8,500 7..$ 160,000 27..$ 38,500 47..$ 14,500 67..$ 8,250 8..$ 147,500 28..$ 37,000 48..$ 13,500 68..$ 8,000 9..$ 135,000 29..$ 35,500 49..$ 13,000 69..$ 7,750 10..$ 125,000 30..$ 34,000 50..$ 12,500 70..$ 7,500 11..$ 115,000 31..$ 32,500 51..$ 12,250 12..$ 105,000 32..$ 31,000 52..$ 12,000 *** TIE EXAMPLES *** 13..$ 95,000 33..$ 29,500 53..$ 11,750 14..$ 90,000 34..$ 28,250 54..$ 11,500 3-way tie, 2nd Place 15..$ 85,000 35..$ 27,000 55..$ 11,250 $ 386,666.67 16..$ 80,000 36..$ 25,750 56..$ 11,000 7-way tie, 29th Place 17..$ 75,000 37..$ 24,500 57..$ 10,750 $ 31,107.14 18..$ 70,000 38..$ 23,500 58..$ 10,500 19..$ 65,000 39..$ 22,500 59..$ 10,250 20..$ 60,000 40..$ 21,500 60..$ 10,000 ____________________________________________________________________________ 1969 to 1972 :: $ 5,000,000 20%-1st Place | 70-Place Purse 1..$ 1,000,000 11..$ 115,000 21..$ 55,000 31..$ 32,500 2..$ 570,000 12..$ 105,000 22..$ 50,000 32..$ 31,000 3..$ 355,000 13..$ 95,000 23..$ 47,000 33..$ 30,000 4..$ 235,000 14..$ 90,000 24..$ 44,000 34..$ 29,000 5..$ 205,000 15..$ 85,000 25..$ 41,500 35..$ 28,000 6..$ 180,000 16..$ 80,000 26..$ 40,000 36..$ 27,000 7..$ 160,000 17..$ 75,000 27..$ 38,500 37..$ 26,000 8..$ 147,500 18..$ 70,000 28..$ 37,000 38..$ 25,000 9..$ 135,000 19..$ 65,000 29..$ 35,500 39..$ 24,000 10..$ 125,000 20..$ 60,000 30..$ 34,000 40..$ 22,500 Places 1 to 50, $ 4,800,000 | Places 51-up, $ 200,000 The 51-up portion is divided into equal shares (E.S.) based on the number of professionals beyond the 50th. 41..$ 21,000 E.S. (20) $ 10,000.00 42..$ 19,500 E.S. (21) $ 9,523.81 *** TIE EXAMPLES *** 43..$ 18,000 E.S. (22) $ 9,090.91 44..$ 16,500 E.S. (23) $ 8,695.65 3-way tie, 2nd Place 45..$ 15,000 E.S. (24) $ 8,333.33 $ 386,666.67 46..$ 14,000 E.S. (25) $ 8,000.00 7-way tie, 29th Place 47..$ 13,000 E.S. (30) $ 6,666.67 $ 31,428.57 48..$ 12,000 E.S. (35) $ 5,714.29 49..$ 11,000 E.S. (40) $ 5,000.00 50..$ 10,000 E.S. (50) $ 4,000.00 _____________________________________________________________________________ 1965 to 1968 :: $ 5,000,000 20%-1st Place | 50-Place Purse 1..$ 1,000,000 21..$ 60,000 41..$ 22,000 2..$ 600,000 22..$ 55,000 42..$ 20,000 3..$ 375,000 23..$ 50,000 43..$ 18,000 4..$ 250,000 24..$ 45,000 44..$ 16,000 5..$ 215,000 25..$ 42,500 45..$ 14,000 6..$ 190,000 26..$ 41,250 46..$ 12,000 7..$ 170,000 27..$ 40,000 47..$ 11,500 8..$ 155,000 28..$ 38,750 48..$ 11,000 9..$ 140,000 29..$ 37,500 49..$ 10,500 10..$ 130,000 30..$ 36,250 50..$ 10,000 11..$ 120,000 31..$ 35,000 12..$ 110,000 32..$ 33,750 *** TIE EXAMPLES *** 13..$ 100,000 33..$ 32,500 14..$ 95,000 34..$ 31,250 3-way tie, 2nd Place 15..$ 90,000 35..$ 30,000 $ 408,333.33 16..$ 85,000 36..$ 28,750 7-way tie, 29th Place 17..$ 80,000 37..$ 27,500 $ 33,750.00 18..$ 75,000 38..$ 26,250 19..$ 70,000 39..$ 25,000 20..$ 65,000 40..$ 23,750