It is The Players Championship time! The world’s best golfers meet on Ponte Vedra Beach on Thursday, for a very exciting week. The “unofficial fifth” major tournament will take place in Florida, and this year the prize money is higher than ever before.
A total of $20 M will be paid out to the tournament participants. That is five million more than last year. Read this article to find out how the prize money has increased year after year, even though “The Players” is not one of the four major tournaments.
PGA Tour not only increases the Players Championship prize money
That golf is only played by the “rich and famous” is an outdated cliché. The sport has long since developed more and more into a popular sport and offers everyone the opportunity to try it out. Looking at professional sports, however, one quickly realizes that a lot of prestige and, above all, money are at stake.
A good example of this is the prize money on the PGA Tour, which has reached a new record high this year alone. Jay Monahan, commissioner of the PGA Tour, stated at the beginning of the season that prize money for 2022 will increase “from $367 million to $427 million.”
In particular, the upcoming Players Championship in Florida will benefit. While the total prize money was $15 million last year, it has now been increased by another five million. From March 10-13, golf’s elite will meet at TPC Sawgrass to determine the winner of the PGA Tour’s highest-paying golf event.
It’s @THEPLAYERSChamp week! pic.twitter.com/3KFK6VZKHl
— PGA TOUR (@PGATOUR) March 7, 2022
The Players Championship reward over the years
When the Players Championship was first held in 1974, the total prize money was $250,000. The winner, Jack Nicklaus, received $60,000 for his victory at the time. Over the years, the prize money continued to increase. In 1987, for example, the “pot” cracked the one million dollar mark for the first time.
Another milestone was certainly the win of the tournament by Hal Sutton in 2000, who was able to collect over $1M for winning the tournament. Justin Thomas enjoyed a victory bonus of 2.7 million dollars in 2021. That sum will be surpassed again this year.
The Players Championship’ 22 reward
The winner of this year’s Players Championship will receive 3.6 million dollars alone. This means that the bonus for the winner has increased by an incredible sixty-fold from the beginning.
However, that prize money in golf as a whole has increased many times over since the 1970s. And that is not the end of the line. The PGA Tour already announced that the prize money of its flagship tournament will increase to $25 million by 2025.
For instance, the following table shows the win bonuses of the top 5 for the upcoming Players Championship.
| Ranking | Prize Money |
|---|---|
| 1. | $3,600,000 |
| 2. | $2,180,000 |
| 3. | $1,380,000 |
| 4. | $980,000 |
| 5. | $820,000 |
Players Championship eclipses major tournaments
Although the tournament at TPC Sawgrass is not one of the majors, it has something over the four competitions. It is the highest paying event on the PGA Tour. Compared to the Masters, which takes place in about a month at Augusta National Golf Club. The Players Championship offers near twice as much.
According to media reports, the premiums for the upcoming Masters amount to the $11.5 million from last year, while the Players Championship boasts as little as $20 million. Last year’s Masters winner Hideki Matsuyama’s victory bonus also represents just about half of this year’s Players Championship winner, at around $2 million.
Major comparisons
The 2021 British Open was also listed at a total of $11.5 million, while the PGA Championship gave $12 million and the US Open $12.5 million. Concrete figures for prize money in 2022 are not yet available.
The thought is that the PGA Tour is pushing up the Players Championship prize money to motivate major tournaments, over which Tour has no control, to follow suit.
Golf fans have plenty to look forward to when the balls start flying again at Ponte Vedra Beach on Thursday and the winner is determined from the field of prominent participants. The golfers themselves are also likely to be full of anticipation, after all the winner can expect not only 600 FedEx Cup points and a lot of prestige, but also the tempting sum of 3.6 million euros