(NEXSTAR) – Professional golfers who win the masters tournament at Augusta National Golf Club are rewarded with a host of prizes and memorabilia, including a trophy, a gold medal and a nice green jacket.
Oh that’s right. There is also a lot of money.
The total purse for the 2022 Masters Tournament has yet to be announced, although it is expected to exceed the $11.5 million awarded to players in recent years. Just over $2 million of this scholarship has gone directly to the winner since 2019.
After taking the green jacket in 2021, Masters champion Hideki Matsuyama took home $2,070,000 in prize money, making him the third champion to earn that figure after Tiger Woods and Dustin Johnson won the Masters in 2019 and 2020. respectively.
Second prizes aren’t too shabby either, with $1,242,000 for second and $782,000 for third. Other contestants receive smaller (although still relatively large) payouts based on their scores. In recent years, $28,980 of the total purse has even been reserved for the golfer who finishes 50th.
In the event of a tie, golfers who finish with the same score receive the average of the cash sums of their ranking. For example, if two golfers are tied for second place, they would split the total prize money awarded for second and third place ($1,242,000 and $782,000, in 2021), which would have averaged 1 $012,000 each.
Such large sums, meanwhile, could make former champions green with envy. The first-ever Masters Tournament winner took home just $1,500 in 1934, and the top prize didn’t top $100,000 until 50 years later in 1984, according to Golf Monthly. Even adjusted for inflation, none of these prizes come close to the current winner’s share.
Again, there is more to the Masters than just prize money. Did we mention that the finalist also receives a silver serving tray?
The 2022 Masters Tournament, which takes place at Augusta National Golf Club in August, Georgia, runs from April 7-10.