January 30, 2023

Springswines

The Tour And Travel Enthusiasts

How much money each of the 2023 PGA Tour events have up for grabs

3 min read
How much money each of the 2023 PGA Tour events have up for grabs

Money, money and more money.

Prize money on the PGA Tour in 2023 is going to reach unprecedented levels, with 13 events now designated as “elevated”.

This will guarantee the game’s biggest stars will gather more often to compete at events with purses worth $20 million (or more).

Almost all of the elevated events will surpass the majors, not in significance or course, but on the pay scale.

The Players Championship and the Tour Championship will still flaunt the gaudiest paydays, but many of the traditional events will have a brighter spotlight on them in 2023.

Check out the breakdown of the money at each event from Kapalua to East Lake.

The majors

2022 Masters

2022 Masters

Tiger Woods putts on the 16th hole during the final round of the 2022 Masters Tournament at Augusta National Golf Club. (Photo: Adam Cairns-Augusta Chronicle/USA TODAY Sports)

The majors are of course the most prestigious events but that doesn’t make them the richest. These numbers represent the purses from 2022; the 2023 numbers will be revealed the week of the event.

Major

Money

Masters Tournament

15,000,000

PGA Championship

15,000,000

U.S. Open

17,500,000

Open Championship

14,000,000

 

FedEx Cup Playoff events

2022 Tour Championship

2022 Tour Championship

The 2022 Tour Championship at East Lake Golf Club in Atlanta. (Photo: Michael Wade/Icon Sportswire via AP Images)

The Tour Championship at East Lake in Atlanta caps the season, and it has the distinction of having the biggest pile of cash on the line. However, the money earned there is “bonus” money and doesn’t count towards a golfer’s official money standings. But it spends just the same.

The FedEx St. Jude and the BMW are now elevated events featuring $20 million in total prize money.

FedEx Cup Playoff events

Money

FedEx St. Jude Championship

$20,000,000

BMW Championship

$20,000,000

Tour Championship

$75,000,000*

 

Elevated events

WM Phoenix Open 2022

WM Phoenix Open 2022

Golf fans cheer on the 16th hole during Round 2 of the 2022 WM Phoenix Open at TPC Scottsdale. (Photo: Cheryl Evans/The Arizona Republic)

There will be eight events in 2023 with a $20 million purse, with the WM Phoenix Open the first one on deck. The first event of the calendar year is the Sentry Tournament of Champions, and that will have a purse of $15 million. The Players, already a marquee stop, has the richest pot of all the official money events.

Elevated events

Money

The Players Championship

$25,000,000

WM Phoenix Open

$20,000,000

The Genesis Invitational

$20,000,000

Arnold Palmer Invitational

$20,000,000

RBC Heritage

$20,000,000

Wells Fargo Championship

$20,000,000

Memorial Tournament

$20,000,000

Travelers Championship

$20,000,000

World Golf Championships-Dell Technologies Match Play

$20,000,000

Sentry Tournament of Champions

$15,000,000

 

Best of the rest

Choctaw Club Byron Nelson

Choctaw Club Byron Nelson

Patrons watch PGA Tour action on the 16th hole at TPC Craig Ranch while playing blackjack in the Choctaw Club. (Photo: Tim Schmitt/Golfweek)

The “regular” stops on the PGA Tour slate still have some pretty serious cash on the line, with four of them at $9 million or more.

PGA Tour events

Money

AT&T Byron Nelson

$9,500,000

AT&T Pebble Beach Pro-Am

$9,000,000

RBC Canadian Open

$9,000,000

Genesis Scottish Open

$9,000,000

Valero Texas Open

$8,900,000

Rocket Mortgage Classic

$8,800,000

Farmers Insurance Open

$8,700,000

Charles Schwab Challenge

$8,700,000

Zurich Classic of New Orleans

$8,600,000

The Honda Classic

$8,400,000

Valspar Championship

$8,100,000

The American Express

$8,000,000

Sony Open in Hawaii

$7,900,000

3M Championship

$7,800,000

Mexico Open at Vidanta

$7,700,000

Wyndham Championship

$7,600,000

John Deere Classic

$7,400,000

 

Opposite-field events

Barracuda Championship

Barracuda Championship

The third green is seen during the first round of the Barracuda Championship at Tahoe Mountain Club’s Old Greenwood Golf Course on August 05, 2021 in Truckee, California. (Photo by Alex Goodlett/Getty Images)

There are four events that are played opposite a major or an elevated event but there’s still good money on the line. More importantly, success at one of these opens doors for access to tournaments higher up the pecking order.

Opposite-field events

Money

Puerto Rico Open

$3,800,000

Corales Puntacana Championship

$3,800,000

Barbasol Championship

$3,800,000

Barracuda Championship

$3,800,000

 

38 events in 2023 = big money

To sum it up, the 38 PGA Tour stops being held in 2023 will have total prize money approaching $460,000,000.

By comparison, the 47 events on the entire 2021-22 schedule totaled $421,800,000.

Story originally appeared on GolfWeek