That’s right, you read me correctly. The PGA is all about being average. I just figured out they do more than reward mediocrity. They thrive on it. It is no secret the winner of each week’s tournament takes home (before taxes) over a million dollars. It is a great pay day for one very talented, well-deserving golfer/athlete. What about the rest of the field? They’re overpaid. At last year’s US Open the winner, Justin Rose, earned $1,440,000. Four guys tied for TENTH PLACE and earned $168,000—each.
The US Open field recently split about $6,500,000 after the winner was paid. Each week there are scores of golfers teeing off at a tournament with no chance of winning and yet, on Sunday they are handed a check for tens of thousands of dollars just for showing up.
It gets better. The 50th ranked player this year has played 15 events and missed the cut four times. He hasn’t won a single tournament out of the 11 he’s completed this year. Guess how much money he’s earned? You’re right…if you said $1,305,042, and the season isn’t half over! This guy has been “on the job” just 44 days this year (11 completed tourneys—4 days each) and has been paid a king’s ransom. Oh, and one more thing. This same player has won one tournament in six years of being on the PGA Tour and has career earnings of almost $10,000,000. Do the math. Win once, finish in the middle of the pack the rest of the time and you’ll earn “10 large.” Imagine if that was your pay scale!
This article has nothing to do with money but it has everything to do with pointing out a bad business model.
My rant doesn’t mean I hate golf or golfers (I play frequently).
Every day, thousands and thousands of sales and escrow professionals show up to work in the highly competitive, overregulated title industry to do their jobs. If they are the absolute best at their jobs they will be rewarded for it. But imagine if your company were in a weekly competition in your county to see who would win the “best title company tournament.” The winner would get a bucket-load of orders. What do you think tenth place would get? You’re right…if you said “nothing because they would be out of business.” I think you get my point.
I commend you. You are the role model. You work way more than 44 days a year for a lot less than what a PGA pro makes. Sometimes you win, sometimes you don’t. But you never quit. You come to work every morning ready to do it all over again. You are the real winner.
Just once, I’d like to see a golf tournament that awarded first place $6,500,000 and gave nothing, not one penny, to the rest.