I’m curious about what portion of winnings that a PGA tour player receives after paying his caddie, taxes, travel expenses and assorted coaches (swing coach, putting coach, psych coach etc. Let’s say Golfer A earns $10 million in earnings for the year. After paying all his expenses what portion of the $10 million is left for him? And what about paying back dividends to his local club members who put up seed money for him to start playing on the tour.
Hey Mike - really good questions here. There are quite a few variables here including state tax for each tournament as well as caddie scale for winnings. Investor agreements with players are wide ranging, and of course not every player has investors. Most of those agreements term out after a period of time. Guys have told me it's anywhere from 50% to 60% of gross earnings after expenses.
Interesting piece as always Jared!
Thanks AP! This was a fun one!
I’m curious about what portion of winnings that a PGA tour player receives after paying his caddie, taxes, travel expenses and assorted coaches (swing coach, putting coach, psych coach etc. Let’s say Golfer A earns $10 million in earnings for the year. After paying all his expenses what portion of the $10 million is left for him? And what about paying back dividends to his local club members who put up seed money for him to start playing on the tour.
Thank you.
Mike Russell
Hey Mike - really good questions here. There are quite a few variables here including state tax for each tournament as well as caddie scale for winnings. Investor agreements with players are wide ranging, and of course not every player has investors. Most of those agreements term out after a period of time. Guys have told me it's anywhere from 50% to 60% of gross earnings after expenses.