Post by jumpcut on Dec 27, 2018 21:20:58 GMT
golfweek.com/2018/12/27/what-is-the-percentage-of-winnings-for-caddies-in-golf/
The average base percentage for post-tournament payouts is about the same on the LPGA and PGA Tour and has remained steady in recent decades, according to most. It goes like this:
Ten percent of the earnings for a win. Seven percent for a top-10 finish. Five percent for anything else inside the cut line. If a player misses the cut, his caddie might hang on to a few bucks from the initial weekly payment. And they never know when or if the next significant payday is coming.
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Caddies are also self-employed and pay for their own insurance out of pocket. Then there’s retirement funds, which are considered a luxury especially on the LPGA with prize purses a fraction of that on the men’s side.
Michelle Simpson retired from professional golf in 2006 and has since caddied for the likes of Meredith Duncan and Brittany Lincicome. For her most recent win, at the Pure Silk Bahamas in January, Lincicome took home $210,000.
That’s a tough pill to swallow for some when they see the Players Championship winner haul in nearly $2 million.
“That (PGA Tour) caddie just won what our winner is going to get,” Simpson said. “That is mind-boggling.”
The average base percentage for post-tournament payouts is about the same on the LPGA and PGA Tour and has remained steady in recent decades, according to most. It goes like this:
Ten percent of the earnings for a win. Seven percent for a top-10 finish. Five percent for anything else inside the cut line. If a player misses the cut, his caddie might hang on to a few bucks from the initial weekly payment. And they never know when or if the next significant payday is coming.
<snip>
Caddies are also self-employed and pay for their own insurance out of pocket. Then there’s retirement funds, which are considered a luxury especially on the LPGA with prize purses a fraction of that on the men’s side.
Michelle Simpson retired from professional golf in 2006 and has since caddied for the likes of Meredith Duncan and Brittany Lincicome. For her most recent win, at the Pure Silk Bahamas in January, Lincicome took home $210,000.
That’s a tough pill to swallow for some when they see the Players Championship winner haul in nearly $2 million.
“That (PGA Tour) caddie just won what our winner is going to get,” Simpson said. “That is mind-boggling.”