Masters 2024 Payout: Full Prize Money, Purse Breakdown Revealed Ahead Of Final Rounds | News, Scores, Highlights, Stats, and Rumors
William Harris The full prize money breakdown for the 2024 Masters has been released, with the winner receiving a record $3.6 million payout.
Per the official financial figures released on Saturday, the total purse for the tournament is $20 million.
Ross Dellenger @RossDellengerMasters prize money is out. <br><br>$3.6 million to the winner 💰 <a href="">
The $20 million purse is an increase of $2 million from last year and up $8.5 million from 2021.
Jon Rahm's $3.24 million payout for winning the 2023 Masters was a tournament record. It was the first time a Masters champion received more than $3 million.
The total purse for the Masters is now tied with the U.S. Open for the richest purse among the men's major tournaments. The PGA Championship pays $17.5 million, followed by the Open Championship at $16.5 million.
When LIV Golf debuted in 2022, the PGA Tour announced an increase in tournament purses with "elevated" events paying out $20 million in an effort to combat the new group.
Even though the PGA Tour and LIV announced an agreement to combine commercial assets last summer, the two sides still have not yet finalized the deal. The PGA Tour received a $3 billion cash infusion in January as part of an investment deal with Strategic Sports Group.
The Strategic Sports Group consortium includes owners of several professional sports teams, notably Tom Werner and John Henry of the Boston Red Sox, Steve Cohen of the New York Mets and Arthur Blank of the Atlanta Falcons.
Rex Hoggard of NBC Sports reported in April the Tour was preparing a memo to tournament directors informing them of "essentially an addendum to current contracts and will create fees to help fund increasing purses."
According to Hoggard, signature events are required to pay a $1 million fee each year. Other tournament fees range from $100,000 to $500,000 annually.
Talks between the PGA Tour and LIV remain ongoing, but there is no indication they are close to any sort of agreement. There is also a pending investigation by the United States government about whether the proposal violates antitrust laws.
Scottie Scheffler, Bryson DeChambeau and Max Homa finished the second round tied for the lead at six-under par. Nicolai Højgaard was alone in fourth place at four-under, followed by Cameron Davis and Collin Morikawa in a tie for fifth at three-under.
