The 2011 Masters Tournament purse has been split up among the 49 players who made the tournament's cut. Charl Schwartzel's win entitles him to a $1.44 million slice of the total $8 million payout. That's the largest amout of money the event has ever paid out, with the purse rising $500,000 since last year. Last year Phil Mickelson scored $1.35 million.

For tying in second, countrymen Jason Day and Adam Scott will each receive the average of the second and third place prizes, which comes out to $704,000 each. Likewise, Tiger Woods, Geoff Ogilvy, and Luke Donald each receive payouts of $330,667, with Angel Cabrera, K.J. Choi, Bo Van Pelt, and Ryan Palmer all making more than $200,000 each.

Georgia's Matt Kuchar and Bubba Watson take home $54,400 and $36,800 respectively. Hideki Matsuyama, the event's best-scoring amateur, receives no cash prize as he's ... an amateur. The Masters makes a point of reserving placement for top-ranked amateurs, a tribute to co-founder Bobby Jones' standing as the greatest amateur ever.

For more on the Masters, visit SB Nation's golf hub and Waggle Room.