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2023 Cologuard Classic: Prize Money Breakdown and Winner’s Payout

Published 03/04/2023, 12:30 AM EST

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Turning 50 as a PGA Tour player comes with its own perks. It makes you eligible for the Senior Tour: the PGA Tour of Champions. The older golfers compete in a season-long series of 54-hole events that includes five major championships. The fourth event of this season is currently underway in Arizona. The Cologuard Classic began on Thursday this week, and with its competitive field, huge purse, pay-outs, and other perks, it is bound to bring some excitement to the fans.

Field and format of the 2023 Cologuard Classic

The senior tour’s fourth event will see 78 players take the course at the Omni Tucson National in Tucson, Arizona. Similar to the majority of the events on the Champions Tour, this Cologuard Classic too will see no cut and be played from Thursday to Saturday across 54 holes.

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USA Today via Reuters

On the field are some of the biggest names in the Tour: Miguel Angel Jimenez and Steve Stricker. Joining them is also the two-time Masters Tournament winner, Bernhard Langer. The German golf great is coming in hot after winning the last event of the Tour in mid-February.

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The German star tasted victory at the Cologuard Classic in 2020 and has since been unable to get his hands on it. Last year too, Langer narrowly missed a win, losing out to Jimenez by 4 strokes and tied for second. He will undoubtedly be looking for redemption this year and also grabbing back-to-back wins on the Tour.

Purse and winner’s cut at the event

The total purse of the event has increased by $400,000 since last year and now stands at a whopping $2.2 million. Of that, the winner will take home 15%, which is the standard cut as per the PGA Tour Champions’ prize money distribution chart. But that’s not all that’s on the line. The money earned at the event will count towards the Charles Schwab Cup points (each dollar converts to one point).

USA Today via Reuters

At the end of the season, the top five players on the Charles Schwab Cup points list will stand to receive an additional bonus of $2.1 million, split among them as per their standings. Certainly, this serves as an additional motivation for players to try and maximize their winnings. Fortunately, since there are no cuts, everyone who finishes on Saturday in Arizona will see a piece of the purse.

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Prize money breakdown

The total breakdown of the complete purse based on position is as follows:

PositionMoney
1$330,000
2$193,600
3$158,400
4$132,000
5$105,600
6$88,000
7$79,200
8$70,400
9$61,600
10$57,200
11$52,800
12$48,400
13$44,000
14$41,800
15$39,600
16$37,400
17$35,200
18$33,000
19$31,020
20$29,040
21$27,280
22$25,520
23$24,200
24$23,100
25$22,000
26$20,900
27$20,020
28$19,140
29$18,260
30$17,380
31$16,500
32$15,840
33$15,180
34$14,520
35$13,860
36$13,200
37$12,540
38$12,100
39$11,660
40$11,220
41$10,780
42$10,340
43$9,900
44$9,460
45$9,020
46$8,580
47$8,140
48$7,700
49$7,260
50$6,820
51$6,380
52$5,940
53$5,500
54$5,280
55$5,060
56$4,840
57$4,620
58$4,400
59$4,180
60$3,960
61$3,740
62$3,520
63$3,300
64$3,080
65$2,860
66$2,640
67$2,420
68$2,200
69$2,068
70$1,936
71$1,804
72$1,672
73$1,540
74$1,452
75$1,364
76$1,276
77$1,188
78$1,100

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Which of these old-timers do you think will take home the win this week? Let us know in the comments below.

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Written by:

Sheldon Pereira

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Sheldon is a golf writer at EssentiallySports. He is a business graduate from Christ University with a degree in Finance and Accounting. He also has experience as a Senior Audit Associate at an MNC, but his love for writing drove him towards his dream, and he switched careers.
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Edited by:

Manaal Siddiqui

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