Prize Money
Unlike the PGA Tour and Web.Com Tour, for which prize funds are provided by sponsors, the bulk of the prize fund paid out in NGA Pro Golf Tour events comes from player entry fees. Like poker tournaments, players are competing to win back their entry fees (and the entry fees from others). However, thanks in part to national sponsorship, the NGA Pro Golf Tour players actually play for over 110% of their entry fees, while other developmental tours typically pay back only 80-90% of entry fees. In 2011 the total prize fund was over $5.7 million dollars, the leading money winner, Brandon Brown (Shelbyville, KY), had earnings of $150,864. Jeff Corr (Longwood, FL) earned $142,545, Philip Pettitt Jr (Murfreesboro, TN) earned $111,109 while 16 others made $50,000 or more. The NGA Pro Golf Tour paid PGA Tour Qualifying School entry fees for 33 players (Typically $4500 per person) in 2011. In 2010 and 2011 the NGA Pro Golf Tour received 6 exemptions each year into individual Web.Com Tour events and exemptions into the annual Hootie and the Blowfish Monday After The Masters Tournament.
In 2012 The NGA Pro Golf Tour's top twenty members minimum on the season ending money list will once again get their PGA Tour Qualifying School fees reimbursed.
The 2012 schedule features 32 events; 18 Pro Series events with guaranteed purses of $150,000 to $200,000 in guaranteed prize funds and one Members Only Shootout, three Q School Prep Series events, and 10 Carolina events with estimated purses of $132,000 each for a total payout of over $5.4 million dollars. This is approximately one-fifth of the prize money available on the second-tier Web.Com Tour, which has over thirty events with prize pools of $525,000 to $1,000,000, and little more than twelve percent of that on the PGA Tour, which has forty-seven events with an average prize pool over $6.3 million dollars per event.
Read more about this topic: NGA Pro Golf Tour
Famous quotes containing the words prize and/or money:
“In the corrupted currents of this world
Offence’s gilded hand may shove by justice,
And oft ‘tis seen the wicked prize itself
Buys out the law; but ‘tis not so above:
There is no shuffling.”
—William Shakespeare (1564–1616)
“Most of the money given by rich people in “charity” is made up of conscience money, “ransom,” political bribery, and bids for titles.... One buys moral credit by signing a cheque, which is easier than turning a prayer wheel.”
—George Bernard Shaw (1856–1950)