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2024 KitchenAid Senior PGA Championship money: Purse, winner’s share, updated prize money payout

T he 2024 KitchenAid Senior PGA Championship prize money payout is from the $3.5 million purse, with 83 professional players who complete four rounds at the Club at Harbor Shores Resort in Benton Harbor, Mich., earning PGA Tour Champions prize money and an official-money paycheck this week.

The winner's share of KitchenAid Senior PGA Championship prize pool is at $630,000, with the second-place finisher taking home $380,000. The KitchenAid Senior PGA Championship prize money payout breakdown shows a payout of 15 percent of the purse to the winner, and how much each PGA Tour Champions player earns is guaranteed down to the last-place player.

The KitchenAid Senior PGA Championship field is headed by Steve Stricker, Ernie Els, Padraig Harrington and more.

This tournament started with 156 players, and a cut was made this week after two rounds to the top 70 players and ties. Every professional player in the field is paid for completing the event, but how much each player is paid at the 2024 KitchenAid Senior PGA Championship from the correct 2024 KitchenAid Senior PGA Championship full-field payout is based on their finish.

Every player still in the field can improve their position in the final round of this 72-hole event, which is considered one of five majors on the PGA Tour Champions schedule .

What else is on the line

Beyond money, there are important points, perks and benefits on the line for the field -- in particular, the tournament winner.

The winner of this event will get 630,000 Charles Schwab Cup points, as this is considered an official event on the PGA Tour Champions schedule with dollars converted to points.

There are no Official World Golf Ranking points on the line in PGA Tour Champions events.

While this event offers a significant payday, a win comes with the benefits that come with winning on the PGA Tour Champions. Winners of these events get better status and access on tour.

2024 KitchenAid Senior PGA Championship prize money, winner's share, first-place payout

The post 2024 KitchenAid Senior PGA Championship money: Purse, winner’s share, updated prize money payout first appeared on Golf News Net .

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PGA Tour purses skyrocket; Korn Ferry Tour money is better; But what about PGA Tour Champions?

The highest purse is $4 million for the u.s. senior open. the winner of next year's players championship will win $500,000 more..

  In August, the PGA Tour announced its series of 13 events — including The Players Championship — that will offer purse increases of nearly $100 million for the 2023 season, plus a doubling of the Player Impact Program to $100 million. 

The Korn Ferry Tour had previously announced in 2021 that its purses will increase to $1 million for each regular-season event (up from $600,000 for most tournaments) and $1.5 million for the four-event Korn Ferry Finals. 

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In between is the PGA Tour Champions, whose average purse this season of $2.1 million is only $600,000 more than the Korn Ferry Finals. There will be modest gains next year to an average of $2.3 million but only nine of the 27 events will offer bumps and at this point, the Constellation Furyk & Friends, being played this week at the Timuquana Country Club, may not be one of them. 

So while PGA Tour players will have a chance to compete for first-place checks of up to $4.5 million for winning The Players (which exceeds the total purse for every PGA Tour Champions event), and Korn Ferry Tour players can make $180,000 for winning a regular-season event (nearly double the amount from most regular-season events in 2019), why aren’t Champions Tour earnings increasing at a fast pace than the projected 10 percent for next season? 

The answer reflects the reality of the economics: Champions Tour purses are more dependent on title sponsorship contracts than TV money and it’s a tour financially supported by the PGA Tour anyway. 

And with the PGA Tour tapping into its reserves and asking for more help from its title sponsors in response to the LIV Golf tour luring players away with mind-boggling, there’s little left in the kitty to throw to the Champions Tour. 

Purse bumps depend on sponsors

“We’re in a different situation with the Tour,” said Steve Flesch, one of the members of the Champions Tour Policy Board. “We rely on tournament sponsors to generate our purses so we don’t have as big a piece of pie.” 

Champions Tour president Miller Brady said it comes down to the contracts with each title sponsor. For example, the Furyk & Friends purse is $2 million for the balance of the five-year deal, unless Constellation agrees to a bump based on the event’s performance. 

Judging from the success of the first two years, it might happen. 

“When we sign a contract with a title sponsor, we have to see if the event will sustain itself,” Brady said. “There’s no question this tournament has done well.” 

Tournament host Jim Furyk is optimistic. 

“I think you'll start to see purses go up,” he said. “Is it always going to be as fast as the players want it? Probably not. I really do believe we're in a strong place right now and I think you will see increases.” 

The top purses on the Champions Tour are $4 million for the U.S. Senior Open and $3.5 million for the KitchenAid Senior PGA Championship, which are not run by the Tour. The highest purse for a Champions Tour event is $3 million for the Senior Players. 

The Players Championship purse reached $3 million in 1995. 

Players seem content

Despite the numbers, guess who’s not complaining? 

The players, who seem to be doing their best to not be greedy when they have a situation unique in sports: a second chance after their PGA Tour careers to make what they consider pretty decent money, in mostly no-cut events, with the option of riding in carts. 

“I’m still playing for more money than my rookie year on Tour,” said Jerry Kelly, one of five players who have won three times this season on the Champions Tour and fourth on the money list with more than $1.9 million – on the verge of his third consecutive season with $2 million or more in annual earnings, a barrier he reached four times on the PGA Tour.

“I’m pretty happy with what I’ve gotten," he continued. "Other guys coming out are maybe going to look at it and go ‘okay, this is low for what I’m used to,’ but as long as we don’t stay static, as long as it keeps trending up, that’s fine.” 

Miguel Angel Jimenez, who is fifth on the money list with more than $1.8 million and on target to pass $2 million for the second season in a row said it would be nice if more money was available to players who were the backbone of the PGA Tour, but like Kelly, went out of his way not to appear disgruntled. 

“I think they need to resource a little bit more [money],” said the 13-time Champions Tour winner. “Since I’ve been part of the Champions Tour the purses [are] not changing much and I think we make a little contribution to the golf in all those years. I think it would be good.” 

Flesch said purses have been a topic in policy board meetings but not to a great extent because most have done so well on the PGA Tour. 

“The PGA Tour has been great to us our whole career,” he said. “Yes, everybody would like the purses to go up but I don’t think guys are out here demanding.” 

Career earnings sustain players

Nineteen players in this week’s Furyk & Friends field have made $20 million or more in career PGA Tour earnings, topped by the tournament host with $71.5 million (fourth on the all-time list), trailed closely by Vijay Sing ($71.2 million). 

Ten in this week’s field have earned at least $10 million on the Champions Tour, led by Bernhard Langer with more than $33 million. 

The Tour pension, based on cuts made also is lucrative. According to the last PGA Tour annual report that was made available in 2019, more than 600 professional golfers have $1 million or more in their pension plans and 114 had $3 million or more. 

Brady said he understands if some Champions Tour players see the purses skyrocketing on the PGA Tour and wonder if there’s any loose change left for them. 

“Of course, all of us want to grow our purses, players, the Tour, everyone,” Brady said. “But they have to grow organically through the title sponsors and local sponsorships. I don’t think money is an issue with the players but I get it if they see what’s happening on the regular Tour and they might as, ‘where’s our money?’ They would like a piece of it.” 

But Furyk pointed out that the Champions Tour is unique among professional sports: its members can win tournaments and money long after the youngest social security age of 62. 

Just look at Langer, who is 65, has won five times since turning 62 and is eighth on the current money list. 

“We would like to see [purses] increase quicker, but as a player, I also have to realize I'm 52 years old,” he said. “I'm playing a sport for a living, I get to do what I love.”

Contact Garry Smits at [email protected] and follow him on Twitter @GSmitter

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Here’s how much money every player made at the 2024 PGA Championship

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Xander Schauffele's PGA win comes with a hefty check.

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Like all the major championships, the 2024 PGA Championship purse has increased significantly over the years, and it made another jump this year.

Just how much of an increase are we talking about? A brief overview: Just three years ago, in 2021, the purse was set at $12 million — what was then a record total for the tournament, and a number that was surpassed by only the U.S. Open. Two years ago, the 2022 PGA Championship purse increased to $15 million. And last year, the 2023 PGA Championship purse jumped yet again to a whopping total of $17.5 million. (The Players Championship remains the richest purse in golf at a total of $25 million.)

This year, the 2024 PGA Championship purse increased again to a total of $18.5 million. To put that number in perspective, the eight PGA Tour Signature Events offer $20 million purses, a number that was matched by the 2024 Masters purse and the 2023 U.S. Open purse . The 2023 Open Championship purse was $16.5 million.

This year’s PGA champion will surpass the payout received by 2023 champion Brooks Koepka by $150,000, with a $3.3 million total payday. The runner-up will receive a cool $1.99 million, and third place will clear seven figures too, with a payout of $1.26 million.

Even the players who  missed the cut  receive a payout of $4,000 each. So how much did the rest of the players in the field come away with this year? You can find a complete list of the 2024 PGA Championship payouts for each player below.

How much money every player made at the PGA Championship

Win: Xander Schauffele, $3.33 million

2. Bryson DeChambeau, $1.99 million

3. Viktor Hovland, $1.26 million

T4. Thomas Detry Collin Morikawa, $814,000 each T6. Justin Rose Shane Lowry, $639,440 each T8. Scottie Scheffler Billy Horschel Robert MacIntyre Justin Thomas, $521,418 each T12. Taylor Moore Rory McIlroy Lee Hodges Sahith Theegala Dean Burmester Alex Noren, $359,943 each T18: Rio Hisatune Harris English Tony Finau Keegan Bradley Austin Eckroat, $230,764 each T23. Russell Henley Tom Hoge Maverick McNealy, $170,137 each T26. Ben Kohles Kurt Kitayama Brooks Koepka Tommy Fleetwood Brian Harman Min Woo Lee Corey Conners Tom Kim Mark Hubbard, $113,962 each T35. Brice Garnett Max Homa Hideki Matsuyama Doug Ghim, $79,183 each T39. Aaron Rai Joaquin Niemann Jordan Smith, $66,848 each T43. Byeong Hun An Lucas Herbert Lucas Glover Matt Wallace Will Zalatoris Dustin Johnson Grayson Murray Adam Svensson Jordan Spieth Jason Day, $48,969 each T53. Thorbjorn Olesen Jesper Svensson Patrick Reed Patrick Cantlay Zac Blair Andrew Putnam Erik van Rooyen, $32,587 each T60. Gary Woodland Taylor Gooch Adam Hadwin, $27,017 each T63. Rickie Fowler Cameron Young Tyrrell Hatton S.H. Kim Cameron Smith, $25,202 each T68. Nicolai Hojgaard Luke Donald Sebastian Soderberg Rasmus Hojgaard, $23,538 each 72. Braden Shattuck, $22,830

T73. Alejandro Tosti Martin Kaymer, $22,560 each 75. Ryan Fox, $22,350

76. Stephan Jaeger, $22,230

77. Jeremy Wells, $22,140

78. Brendon Todd, $22,100

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How does the cut work at the Memorial Tournament presented by Workday?

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There’s a limited field at the Memorial Tournament presented by Workday, but not everyone is guaranteed to make the weekend. Reigning major champs Brian Harman and Wyndham Clark are among those sweating the cut line into Friday at Muirfield Village.

The Memorial will have a 36-hole cut to the top 50 players and ties, in addition to any players within 10 strokes of the 36-hole lead. (New in 2024, this cut rule is utilized for three player-hosted invitationals: The Genesis Invitational, Arnold Palmer Invitational presented by Mastercard, and the Memorial.)

After Thursday’s opening round, the top 50 and ties projects at 3-over 75 (with 54 players at 3-over or better), but with leader Adam Hadwin at 6-under 66, the cut would fall at 4-over 76 – per the 10-shot rule.

Clark and Harman each opened in 5-over 77, meaning a weekend tee time in central Ohio is no given. The 73-player field at the season’s seventh of eight Signature Events was greeted with stern conditions Thursday, which are expected to grow tougher on a dry Friday at Muirfield Village. Clark stood even-par through seven holes on Thursday but made five bogeys and six pars in his last 11 holes. Harman made three bogeys and a double bogey (No. 12) in his first round, failing to record a birdie.

Players on the projected cut line (4-over) into Friday’s second round are Denny McCarthy (last year’s runner-up to Viktor Hovland), Rickie Fowler, Ben Griffin, Sungjae Im, Cameron Young, Harris English and Kurt Kitayama. (As the cut line currently projects, 61 of 73 players in the field would make the 36-hole cut.)

The Memorial offers a $20 million purse, with $4 million and 700 FedExCup points to the winner. Players who miss the cut will not receive FedExCup points or prize money.

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2023 tour championship prize money payouts for each pga tour player at east lake, share this article.

It pays to play well on the PGA Tour. Just ask this week’s winner, Viktor Hovland .

The 25-year-old shot a 7-under 63 on Sunday to win the 2023 Tour Championship at East Lake Golf Club in Atlanta to also claim the FedEx Cup at 27 under.

For his efforts, Hovland will leave with top prize of $18 million from the lucrative $75 million season-ending event, while Xander Schauffele will take home a $6.5 million consolation prize for finishing runner-up at 22 under.

In total eight players cleared more than $1 million from this week’s event, including third-place finisher Wyndham Clark (16 under, $5 million), Rory McIlroy in fourth (14 under, $4 million) and Patrick Cantlay (13 under, $3 million) in fifth. Collin Morikawa, Tommy Fleetwood and Scottie Scheffler each earned $2 million for finishing 16 shots back, T-6 at 11 under.

Check out how much money each PGA Tour player earned this week at the 2023 Tour Championship at East Lake.

Tour Championship prize money

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