A significant amount of money is involved with the Ryder Cup, but it has been a tournament where players participate to earn respect. However, there wasn’t much money in the game in the beginning. But, as soon as TV rights came to action in the 1970s, the organization started to make some money.
Ryder Cup players don’t get any money from the tournament. So, this might raise a question: what does the Ryder Cup winner get? Or how much money Ryder Cup winners get?
Ryder Cup Prize Money and Purse
There is no prize money for the Ryder Cup winners. However, the money earned in the tournament is distributed to charitable organizations. And over the years, the winners have been contributing to the community.
For example, the 2018 US Ryder Cup team sends $2.85 million to the community. Moreover, since 1999, it has contributed more than $25.8 million through the 200 charitable organizations.
This doesn’t mean that the winners return with an empty hand. But the prizes depend on the team. Hence, Team Europe and Team USA get different prizes.
Ryder Cup Purse for the European Players
European winners don’t receive any prize money, but they usually receive gifts from their captains. Nevertheless, captains get the money from the Ryder Cup pool to distribute gifts. English golfer Tony Jacklin started this trading when he was captain from 1983-1989. Since then, it has continued to date.
Ryder Cup Purse for the American Players
Like the European players, American players don’t get any prize money. However, the money the American Ryder Cup team is supposed to get is distributed to different charities under each USA player’s name. However, the player can choose the charity they wish to donate to. Multiple educational charities and other charitable organizations evenly receive the money.
Ryder Cup Payment History
Traditionally there has never been any money involved with the Ryder Cup. However, players used to get some compensation since the beginning of the 1920s. In the inaugural tournament in Ryder Cup 1927 at Brookline, British players received compensation for kits and travel. Over the years, the money has grown significantly.
Ryder Cup’s profit structure depends on the host nations. If the golf tournament takes place in the USA, the PGA of America gets the rights. However, the profit is also split on a percentage base. Those beings said the PGA of America takes a significant ratio, which is at 5:1.
On the other hand, if the tournament is hosted in Europe, the European tour can get 60 percent of the total profits.
2021 Ryder Cup Prize Money
Although the updated prize money is yet to be announced, it might not get increased from Ryder Cup 2020, which was postponed due to the Covid-19 pandemic. Let’s see the expected prize money distribution.
|Team||Pool Money for the Players||Donation Amount|
|USA||$200,000||50% will be donated the charities and 50% will be donated for the golf development and education|
|Europe||Travel and Kits Expense||N/A|
Income Source for the Ryder Cup
Ryder Cup mostly generates income from selling the TV rights deal to the UK and US TV channels. It has become one of the expensive international golf events, and channels make competition to sign million dollar deals.
Currently, NBC owns the rights to telecast Ryder Cup, and they have signed a 15 years long term deal that will end in 2030.
Furthermore, the tournaments also earn from sponsors, merchandising, and hospitality income. But no one knows the actual income as everything is kept secret.
The revenue certainly increased in the last two events. For instance, the tournament earns approximately $35 million from ticket sales.
Signing a sponsorship deal with Rolex, Johnnie Walker, and BMW also boosted the Ryder Cup’s revenue.
The 2021 Ryder Cup will be available in 183 countries to more than 500 million viewers. So, you can estimate the earnings by yourself.
This year the income sources might be changed as well as the profit structure. It is because the event has shifted from last year. Therefore, the expenditure from last year should also be taken into consideration.