You can’t help but think about one question as you’re seeing those long drives and miraculous putts fall what is the salary and payout of a caddie at The Masters 2023
The golfers spend days walking around with someone else holding their equipment as they advise them on every last detail. How much money do the caddies make, though?
The issue is that it’s difficult to locate anything specific. Even if on the surface, caddies appear to be merely there to carry the bag of clubs, clean them, and get in a cardio workout but they also offer course analysis, information, reading greens, and distance communication. They are much more than just a passenger; they are indispensable tools for golfers. The SportsGrail examines the data pertaining to caddie remuneration.
The Masters 2023 golf caddie payout and salaries list
Typically, it is believed that caddies make between $1,500 and $3,000 per competition. Also, each caddie and golfer have a contract stipulating that the caddie will receive a percentage of the player’s earnings. Although those agreements contain some broad rules, the golfer and caddy ultimately make individual decisions on pay.
In terms of a percentage, it is estimated that the majority of the compensation falls between 5 and 10% of the golfer’s profits from a specific event. So, there is a lot at stake each week for the golfer and caddy. The prize money for each event is determined on performance, unlike many other sports. As a result, in business, golf is all about the bottom line.
According to Golf Digest on March 17, Ted Scott, Scottie Scheffler’s caddie, reportedly made almost $1 million last month for 2023. According to Scheffler’s earnings of nearly $11.6 million for the year, the 5- to 10-percent profit rate is roughly true. In Scott’s case, he might have made significantly more money than the typical 10% share.
Scheffler got $2.7 million as the 2022 Masters champion. Scott would have made $270,000 extra for his four days of work if the 10% estimate turned out to be right. Assuming the prizes for the winner don’t change in 2023, someone will walk away with a big windfall.
This research suggests that there may be a lot more wannabe caddies out there who dream of spending a day on the golf course with a pro.