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.
Performance Bonuses: The Quiet Money in Golf
Interesting piece as always Jared!
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