Players on the Korn Ferry Tour are all striving for one goal – to reach the PGA Tour. The top flight of golf – arguably in the world – has the deepest fields, the most history and – crucially – some of the biggest prize purses.
Elsewhere, the LIV Golf League offers $4 million from a total pot of $20 million to each of its 13 individual event winners per season. However, the difficulty of earning a spot in the PIF-backed circuit makes it much tougher to access for those in the second tier.
Meanwhile, the DP World Tour provides the third-highest average payout week to week in men’s golf. The prize purses begin at roughly $2 million per event before rising steadily through to around $4 million as the season progresses.
Although the payouts on the Korn Ferry Tour don’t quite reach that level, there is still $1 million to play for at every regular-season tournament before the four-event Korn Ferry Tour Playoffs introduce $1.5 million purses into the equation.
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The winner of each $1 million Korn Ferry Tour event picks up $180,000 (pre-tax) while second and third earns $90,000 and $60,000, respectively. The top-10 are looking at more than $25,000 each, and anyone who makes the cut should start with $4,000 before taxes and other deductions are taken into account.
For simplification purposes, the figures in this article will be pre-tax numbers as the amount people are taxed can differ between US state and country.
Earning prize money is vital for a Korn Ferry Tour player as there is no stipend available, as there is on the PGA Tour. Anyone with fully exempt membership on the leading US circuit is able to rely on a $500,000 stipend to prop up their finances, called the Earnings Assurance Program.
On the PGA Tour, players can either take the money up front and will not earn any prize money until they break through that number or they can defer the payment and take it at a later date if their season is not panning out the way they’d hoped. This is not the case on the Korn Ferry Tour, with players needing to perform well early on or risk making a loss.
Jay Monahan…
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