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What pros really make each week
Posted on 5/24/24 at 9:27 am
Posted on 5/24/24 at 9:27 am
Saw this article and thought it may be discussion worthy. I played professionally for a couple of years then transitioned to a club professional for another decade, so I had a good idea.
Golf Digest
Golf Digest
3
Posted on 5/24/24 at 10:34 am to Floyd Dawg
quote:
So, let’s say I have a good week at a non-signature event, around 20th or so. Maybe a little more than $100,000. That means:
Flight: $800
Accommodation: $3,200
Caddie: $10,000 (eight percent plus weekly rate)
Coach and trainer: $2,000
Food: $200
Federal: $37,000
Tournament state: $7,000
Meaning, I take home $39,800 from what is published as $100,000.
Let's say you have just 5 of those finishes a year. That's nearly $200,000 take home. It could be more if you have finishes below 20th but above the cut, but it also could be less if you miss a lot of cuts. You're not super rich, but you're definitely in the upper middle class. The only problem is there is no guaranteed salary unless you have endorsements.
Basically, there's a lot of ifs.
Posted on 5/24/24 at 10:57 am to Witty_Username
quote:
The only problem is there is no guaranteed salary unless you have endorsements.
Fully exempt Tour players are guaranteed $500K now. They'll pay it up front before the year starts and start paying your earnings when you cross $500K. If you don't get to $500K, you don't owe the difference
This post was edited on 5/24/24 at 10:58 am
Posted on 5/24/24 at 10:57 am to Witty_Username
quote:
Accommodation: $3,200
Good grief, he could save some money if he wouldn't stay at a place that costs $450 a night.
Posted on 5/24/24 at 11:38 am to dek81572
Or pay a coach/trainer 2k/week.
Posted on 5/24/24 at 11:46 am to Witty_Username
quote:
Flight: $800
Accommodation: $3,200
Food: $200
I understand these guys want to be comfortable, but if I’m struggling to make a living on tour there’s a whole lot of costs I can cut back on right off the top.
Posted on 5/24/24 at 11:50 am to Floyd Dawg
Pretty wide gap between the haves and have nots in pro golf. That’s why I root for the underdogs and the no names who win that life changing check on the other tours. It’s also the reason I get guys going to LIV. Obviously, they were already in the upper stratosphere as far as golf compensation goes, but even at the tippy top there’s only so much room after Woods, Rory, Spieth ect.
Posted on 5/24/24 at 5:40 pm to Witty_Username
worth noting that federal tax is nearly double all of the other expenses. and no one bats an eye at that bullshite
Posted on 5/24/24 at 7:53 pm to Witty_Username
quote:
Flight: $800
Accommodation: $3,200
Caddie: $10,000 (eight percent plus weekly rate)
Coach and trainer: $2,000
Food: $200
All of these expenses would reduce the taxable amount as well.
Posted on 5/24/24 at 11:02 pm to Floyd Dawg
Welcome to the world of a single member LLC.
Posted on 5/25/24 at 3:05 pm to WinnPtiger
quote:
worth noting that federal tax is nearly double all of the other expenses. and no one bats an eye at that bullshite
Came here to post this. Taxation is theft
Posted on 5/25/24 at 5:38 pm to IamNotaRobot
As was stated in the article, it’s not the haves and have nots. It’s the haves and have mores.
Posted on 5/26/24 at 5:44 am to jamboybarry
quote:
Taxation is theft
Perhaps but more so for the average Joe and not pro golfers who are essentially running LLCs and have the money to hire really good tax attorneys and CPAs. That 37K probably should be analyzed a little closer.
This post was edited on 5/26/24 at 5:45 am
Posted on 5/26/24 at 11:56 am to Basura Blanco
Having had one for the last 15 years, I completely understand it.
Posted on 5/27/24 at 6:17 am to WinnPtiger
quote:
worth noting that federal tax is nearly double all of the other expenses. and no one bats an eye at that bullshite
We started a revolution over 2% tea tax… we’re a nation of pussies for putting up with the current scheme.
Posted on 5/27/24 at 10:44 am to dek81572
quote:
Good grief, he could save some money if he wouldn't stay at a place that costs $450 a night.
Some of these tour locations that’s probably as cheap as you can go. I mean sure when they are in Fort Worth I am sure there are Hamtpon Inns available or for $130, but in Hilton Head? Hawaii?
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