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How much does the Masters winner get? Prize, payout breakdown

Dan Rorabaugh and Kim Luciani, USA TODAY NETWORK - Florida
·7 min read

We're a day away from learning who slips on the green jacket and take home some serious prize money.

The 2024 Masters wraps up Sunday from the gorgeous greens of Augusta National Golf Club in Augusta, Georgia. The winner gets not only the legendary jacket, but also honorary membership to Augusta and a lifetime invitation to play the Masters (yes, even if he plays for LIV Golf). He'll also take home a replica Masters trophy, a gold coin and, oh right, a cool couple million dollars.

The Masters purse is kept under wraps until the weekend, when the finish line is within sight (and when we know who's made the cut). Last year's Masters saw a record payout, and the 2024 purse is even higher. Here's what you need to know about the prize winnings from Augusta.

How much does Masters winner get in 2024?

The 2024 Masters winner will get $3.6 million. Last year's Masters winner, Jon Rahm, took home $3.24 million, which was a tournament record.

Masters 2024 payouts by position

Position

Player

Score

Earnings

1

Scottie Scheffler

-11

$3,600,000

2

Ludvig Aberg

-7

$2,160,000

T3

Collin Morikawa

-4

$1,040,000

T3

Tommy Fleetwood

-4

$1,040,000

T3

Max Homa

-4

$1,040,000

T6

Cameron Smith

-2

$695,000

T6

Bryson DeChambeau

-2

$695,000

8

Xander Schauffele

-1

$620,000

T9

Will Zalatoris

E

$540,000

T9

Tyrrell Hatton

E

$540,000

T9

Cameron Young

E

$540,000

T12

Patrick Reed

1

$405,000

T12

Matthieu Pavon

1

$405,000

T12

Adam Schenk

1

$405,000

T12

Cameron Davis

1

$405,000

T16

Sepp Straka

2

$310,000

T16

Chris Kirk

2

$310,000

T16

Byeong Hun An

2

$310,000

T16

Nicolai Hojgaard

2

$310,000

T20

Taylor Moore

3

$250,000

T20

Lucas Glover

3

$250,000

T22

Keegan Bradley

4

$175,500

T22

Min Woo Lee

4

$175,500

T22

Harris English

4

$175,500

T22

Adam Scott

4

$175,500

T22

Joaquin Niemann

4

$175,500

T22

Rory McIlroy

4

$175,500

T22

Matt Fitzpatrick

4

$175,500

T22

Patrick Cantlay

4

$175,500

T30

Tom Kim

5

$124,200

T30

Jason Day

5

$124,200

T30

Si Woo Kim

5

$124,200

T30

J.T. Poston

5

$124,200

T30

Rickie Fowler

5

$124,200

T35

Kurt Kitayama

6

$103,000

T35

Camilo Villegas

6

$103,000

T35

Akshay Bhatia

6

$103,000

T38

Russell Henley

7

$86,000

T38

Corey Conners

7

$86,000

T38

Luke List

7

$86,000

T38

Hideki Matsuyama

7

$86,000

T38

Ryan Fox

7

$86,000

T43

Phil Mickelson

8

$72,000

T43

Shane Lowry

8

$72,000

T45

Denny McCarthy

9

$57,200

T45

Jose Maria Olazabal

9

$57,200

T45

Sahith Theegala

9

$57,200

T45

Brooks Koepka

9

$57,200

T45

Jon Rahm

9

$57,200

T45

Danny Willett

9

$57,200

51

Grayson Murray

10

$49,200

52

Eric Cole

11

$48,000

T53

Adam Hadwin

12

$46,800

T53

Neal Shipley (a)

12

$0

T55

Jake Knapp

13

$44,400

T55

Erik van Rooyen

13

$44,400

T55

Tony Finau

13

$44,400

T58

Vijay Singh

14

$41,400

T58

Thorbjorn Olesen

14

$41,400

60

Tiger Woods

16

$39,600

What is the purse for the Masters?

The purse is the overall prize money that goes to each player. The Masters announced late Saturday morning that the 2024 purse is $20 million, $2 million higher than last year's then-record $18 million.

Last year saw an increase of $3 million over 2022 and up $6.5 million from 2021.

What is the payout for the Masters?

Here's how the purse breaks down for the 2024 Masters:

Here's how the top 5 breaks down compared to last year's numbers:

  • 1st place: $3.6 million (up from $3.24 million in 2023)

  • 2nd place: $2.16 million (up from $1.944 million)

  • 3rd place: $1.36 million (up from $1.224 million)

  • 4th place: $960,000 (up from $864,000)

  • 5th place: $800,000 (up from $720,000)

Here's how the total purse broke down for the 2023 Masters. Note that the actual winnings for some spots are different from those listed above because of ties:

Players who missed the cut got $10,000 each. Amateurs received no money prizes.

How much do caddies make at the Masters?

It's not clear just how much pro golfers' caddies make. Former PGA Tour caddie Michael Collins said in 2021 that most caddies operate on a "10-7-5" deal: "10% for a win, 7% for a top 10, 5% for everything else," according to Business Insider.

If that's the case, then for Jon Rahm's $3.24 million payday for winning the 2023 Masters, his caddie would have taken home $324,000. The caddies for Phil Mickelson and Brooks Koepka, who made $1.584 million for tying for second, would have gotten $110,880. For a player who missed the cut last last year and got $10,000, his caddie would have pocketed $500.

Did Tiger Woods make the cut at the Masters 2024?

For a record 24th consecutive year, Tiger Woods made it to the weekend at the Masters. The five-time Masters champ shot an even-par 72 on Friday for a 1-over finish through two rounds. Woods was previously tied with Fred Couples and Gary Player for the most consecutive cuts at the Masters.

Who missed the cut at the Masters? Who made the cut at the Masters?

While 60 players finished below the cut line of 6 over par, 15 players did not. Among those who missed the cut are Sergio Garcia, Zach Johnson, Jordan Spieth and Bubba Watson.

Keep scrolling to see who made it to Masters weekend and to see each player's tee time.

Who is winning the Masters 2024?

Scottie Scheffler (whose wife could give birth during the tournament), Max Homa and Bryson DeChambeau were tied atop the leaderboard after two rounds at the Masters. Follow the latest Masters updates with the live leaderboard.

When and where is the Masters 2024?

The 2024 Masters Tournament will be held Thursday, April 11 through Sunday, April 14 at Augusta National Golf Club in Augusta, Georgia. The Masters is the only men's major golf championship played at the same course each year.

What time does the Masters start today? What channel is the Masters on?

Fans can stream coverage of the entire tournament each morning on ESPN+ and Paramount+, which include featured groups and holes.

Masters Saturday tee times 2024

Here are the pairings and tee times for Saturday's third round at the Masters:

  • 9:35 a.m.: Rickie Fowler, Hideki Matsuyama

  • 9:45 a.m.: Thorbjorn Olesen, Russell Henley

  • 9:55 a.m.: Jose Maria Olazabal, Luke List

  • 10:05 a.m.: Tom Kim, Jake Knapp

  • 10:15 a.m.: Si Woo Kim, Adam Scott

  • 10:25 a.m.: Jon Rahm, Grayson Murray

  • 10:35 a.m.: Chris Kirk, Tony Finau

  • 10:45 a.m.: J. T. Poston, Keegan Bradley

  • 10:55 a.m.: Rory McIlroy, Camilo Villegas

  • 11:05 a.m.: Joaquin Niemann, Min Woo Lee

  • 11:25 a.m.: Sahith Theegala, Phil Mickelson

  • 11:35 a.m.: Adam Hadwin, Jason Day

  • 11:45 a.m.: Denny McCarthy, Vijay Singh

  • 11:55 a.m.: Erik van Rooyen, Will Zalatoris

  • 12:05 p.m.: Akshay Bhatia, Shane Lowry

  • 12:15 p.m.: Patrick Cantlay, Neal Shipley (a)

  • 12:25 p.m.: Corey Conners, Harris English

  • 12:35 p.m.: Brooks Koepka, Taylor Moore

  • 12:45 p.m.: Tiger Woods, Tyrrell Hatton

  • 12:55 p.m.: Xander Schauffele, Eric Cole

  • 1:15 p.m.: Sepp Straka, Matt Fitzpatrick

  • 1:25 p.m.: Kurt Kitayama, Lucas Glover

  • 1:35 p.m.: Adam Schenk, Patrick Reed

  • 1:45 p.m.: Byeong Hun An, Cameron Smith

  • 1:55 p.m.: Danny Willett, Ryan Fox

  • 2:05 p.m.: Cameron Young, Tommy Fleetwood

  • 2:15 p.m.: Ludvig Aberg, Matthieu Pavon

  • 2:25 p.m.: Cameron Davis, Collin Morikawa

  • 2:35 p.m.: Scottie Scheffler, Nicolai Hojgaard

  • 2:45 p.m.: Max Homa, Bryson DeChambeau

Contributing: Adam Woodard, Golfweek

This article originally appeared on Treasure Coast Newspapers: Masters payout 2024: How much prize money winner and his caddie get