Caddie Cash-In

The winner of the FedEx Cup receives a $10 million annuity. The winner of the Tour Championship receives $1.3 million. Tiger is poised to win both of these today. That means his single-day take home is $11.3 million. That’s a lot of bacon, especially when you consider that he can’t touch the $10 million annuity until the miracle of compound interest has turned it into something like $30 or 40 million.

A caddie may get 10% of a players winnings on a “normal” week. There may be a bonus when his player wins. So, a conservative estimate of what Tiger Woods’ caddie, Steve Williams will potentially earn today is $1.13 million. That’s good pay for carrying a bag for four hours.

Published by

Chris

Attorney & Amateur Golfer

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