Breaking down the prize money at the 2024 Charles Schwab Cup, which is more than two majors
11/07/2024 08:00 AM
PHOENIX — The 2024 PGA Tour Champions season has 28 events and more than $67 million in prize money up for grabs.
It all ends this week at the 2024 Charles Schwab Cup Championship.
The season finale has a bigger total purse than two of the senior majors and a larger first-place prize than three of the majors this season.
Here’s where the Schwab ranks in total purse and first-place money compared to the 2024 majors:
- U.S. Senior Open: $4 million, $720,000
- KitchenAide Senior PGA Championship: $3.5 million, $630,000
- Kaulig Companies Championship: $3.5 million, $525,000
- Charles Schwab Cup Championship: $3 million, $528,000
- Senior Open: $2.8 million, $447,800
- Regions Tradition: $2.6 million, $390,000
First place at the Schwab is good for $528,000, with $300,000 going to the runner-up, $252,000 for third place, $210,000 for fourth and $180,000 to fifth place. Everyone in the field earns a paycheck, with 35th place getting $17,250. There are 36 golfers who qualified but No. 8 Steve Stricker chose not to enter.
How it works
The tournament is a four-round, 72-hole, no-cut tournament.
Unlike the PGA Tour’s post-season – where the Tour Championship winner is declared the FedEx Cup champion – it’s possible to have someone win this event while someone else captures the Schwab season title.
Format, TV, prize money | Winners in 2024 | Money in 2024
The winner of the tournament wins the Charles Schwab Cup Championship. The winner of the season-long race is the Charles Schwab Cup champion.
But wait. There’s more
In addition to tournament prize money, there’s more cash on the line as part of the season-long Schwab race.
The top five in the final points standings will split $2.1 million that will be distributed in lump sum deposits into a Schwab brokerage accounts.
The breakdown:
- 1st: $1 million
- 2nd: $500,00
- 3rd: $300,000
- 4th: $200,000
- 5th: $100,000
That money is considered bonus money and doesn’t count towards a player’s official career earnings.
