How much can you earn being a top golf player?
Golf is known to be an elite sport, also quite expensive one to train, but it pays to be good at it. Actually, very good at it. According to Forbes annual global list of the 100 highest paid athletes in pro sports, five golfers made it to the list this year, each earning more than $25 million.
Like in other professional sport, there are mainly two types of income in golf – on-course that includes all money earned on Tour, and off-course that is earned from endorsements, appearance fees, bonuses, businesses that capitalise on a person’s status as a player, etc. And again, especially letter are those particularly profitable.
Wanna know who are the best-paid golfers and how much did they earn in the past season? Step this way…
The top-earning golf player, also 16th highest paid athlete in the world, is 14-time major winner Eldrick Tont “Tiger” Woods, with total earnings of $43.3 million. His salary comes of $1.3 million on-court salary and 42 million U.S. dollars from endorsement contracts.
This 42-year-old, who is the second-oldest athlete on the top 100 Forbes list, is not just one of the most successful golfers of all time, but also one of the most popular athletes of the 21st century. He was the world’s most marketable athlete during the first decade of his professional career, signing big sponsorship deals, like Nike, General Motors, American Express, Titleist, General Mills, and Accenture, at 21 years, soon after he turned pro. He signed a 5-year contract extension with Nike for $105 million in 2000, which was the largest endorsement deal at that time, and he played a significant role in becoming Nike Golf brand the leading golf apparel company in the world.
Wood’s injuries with his fourth back surgery kept him off the links last year until December, and he managed to play only one PGA Tour event between 2016 and 2017. He still made 142 straight cuts at one point in his career from 18 PGA events he played between 2014 and 2017 and made the cut in all but one of his first nine events of 2018. Since turning pro in 1996 he earned $1.5 billion with less than 10% of the total obtained from prize money. His endorsement package now includes also Monster, TaylorMade, Bridgestone, Full Swing, Upper Deck, Hero, Kowa, and the PGA Tour. And he is not only a golfer – he also designs golf courses!
The second richest golfer in the world is Phil Alfred Mickelson, the oldest athlete on Forbes list, standing on the 22nd place this year, with a whopping salary of $41.3 million. As his previous golf mate, this amount majorly stands of sponsorship deals with $37 million, while salary from winnings is 4.3 million U.S. dollars.
Mickelson won 43 events on PGA tours (ninth all-time), with 5 major ones. However, he didn’t win in 5 years’ sins 2013 British Open, until March 2018 with a playoff victory over Justin Thomas at the WGC-Mexico Championship. But despite the lack of title, he remains a popular sponsors target, adding a deal last year with merchant bank Intrepid Financial Partners and human resources firm Workday. He’s also endorsed by some major companies, like KPMG, Amgen, Rolex, Workday, Callaway Golf, Greenbrier, and ExxonMobil, with whom he and his wife started a teacher sponsorship fund. His latest deal was done this year with performance menswear line Mizzen+Main, with which he became an equity holder with NFL star J.J. Watt.
This 48-year-old has previously been sponsored by Bearing Point, Barclays, and Ford. He also started endorsing Enbrel, a drug he’d been prescribed in 2010 after diagnosed with psoriatic arthritis. Michelson won 87 million U.S. dollars in career prize money, which is second all time.
Joining the bunch right after Mickelson also on Forbes list, is former world number one in the Official World Golf Ranking, Jordan Alexander Spieth. His total earnings of $41.2 million consist of $11.2 million in on-court money, and $30 million from sponsors and appearance fees.
The 24-year-old, the second-youngest athlete on the Forbes list, managed to earn a whooping on-court salary thanks to victories in the British Open 2017 ($1.85 million) and Travelers Championship ($1.2 million) as well as finishing 2nd in the FedEx Cup for a $3 million bonus. He also had two runners-up finishes in the FedEx Cup Playoff events, each worth $945,000, and became the first golfer since Jack Nicklaus in 1963 with winning three majors before their 24th birthday.
Spieth remains an incredibly marketable star with 10 large endorsements from company giants, like Titleist, Rolex, Coca-Cola, AT&T, and Under Armour. Latter debuted his first signature golf shoe last year with a four-city global tour that kicked off in Tokyo in January. He also appeared on the cover of General Mills Wheaties, becoming just the fourth golfer to appear on the iconic cereals, joining Tiger Woods, Arnold Palmer, and Jack Nicklaus.
What do you think? Wouldn’t be bad to invest on SportyCo platform in athletes of the same kidney, would it? 🙂