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Masters Payouts: $8 Million Purse For Charl Schwarzel, Others To Divvy Up

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.

Photographs by coka_koehler used in background montage under Creative Commons. Thank you.