How much do winning caddies earn for the 2024 PGA Championship? Huge payday for four days of work in Valhalla revealed

Everything is to play for at the 2024 PGA Championship.

Just three shots separate the top eight players heading into Sunday’s final round in Valhalla.

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American duo Xander Schauffele and Collin Morikawa are tied for the lead at 15 under par while Sahith Theegala, Viktor Hovland, Bryson DeChambeau, Shane Lowry, Justin Rose and Robert MacIntyre make up the chasing pack.

Whoever wins the Wanamaker Trophy in Louisville, Ky., this weekend will receive a sizable payday, as will the winning caddy.

In fact, the PGA Championship-winning caddy stands to earn a staggering six-figure sum for his work on the bag this week.

How much do winning caddies earn at the 2024 PGA Championship?

The average weekly salary for a PGA Tour caddy is between $1,500 and $4,000.

This amount is largely determined by their experience and who they cadet for.

However, being a caddy is expensive because they have to cover all their own expenses, including plane tickets, hotels, rental car, and food.

But caddies can recoup that money and more by negotiating a deal with golfers to receive a percentage of their winnings after the tournament ends.

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This is not written in stone and it is up to each cadet to negotiate with the player.

But the general rule is that they receive 10 percent of the prize money if their player wins a major tournament, 7 percent for a top 10 and five percent for everything else.

If the winning player is feeling particularly generous and gives their right-hand man the full 10% of their tournament winnings ($3.33 million), the caddy will leave Valhalla this weekend with a paycheck for $333,000 .

Not bad for four days of work.

Total prize money and winner’s check in Valhalla

Total prize money for the PGA Championship this year is $18.5 million, an increase of 5.7% or $1 million from 2023.

The PGA offers half a million dollars more than the Masters, but is still far from the US Open, which invested $20 million last year.

The first place finisher at this year’s PGA Championship will receive $3.33 million, an increase of $180,000 from last year, when Brooks Koepka demanded $3.15 million.

Second place in Valhalla will win $1.99 million while third place will receive $1.26 million.

The huge sums involved show how far golf has progressed in recent years.

For comparison, when Tiger Woods won his second title in this event in 2000, the field was playing for a split of just $5 million.

Woods took home $900,000 for his victory, which shows the difference in price compared to today.