The Michigan Players Tour will pay out purses commensurate with other professional tours. In all events, prize money will be paid out to the top 33% of the field.
Payout For Current Event
The following amounts are an estimate of the payout at the event listed. Due to withdrawals, no shows, and other factors, the payout may vary from the amounts listed here.
In general, this information will not be posted until tee times are set -- approximately noon the day before the event.
The calculator below is designed to give a resonable approximation of the prize money paid out in Michigan Players Tour events. Please note that the calculator only produces an approximation -- actual payout is determined by actual costs incurred, which are not established until the conclusion of the event.
Prize Money Breakdown
In all events, the low 30% of scorers and ties of the starting field will receive a check, with the champion receiving at least 20% of the purse. In events with smaller fields, the Tour will adjust the percentage of the first place check to the overall purse size and the number of paid spots.
To view the percentages used to determine the breakdown of purses, click on this link:
Prior to the institution of the Tour membership policy, prize money will be paid by check immediately at the conclusion of each event.
Once the membership policy goes into effect, the Tour will pay out prize money to its members no later than 5 business days after the completion of events. Prize money will be paid either through check or electronic deposit. Players will provide a designated address to mail checks, or provide an account number and routing number for e-deposits. Non-members who finish in the money will also be issued checks within 5 business days after the conclusion of the event.
Prizes For Amateur Players
The Rules of Golf concerning prizes for amateurs is as follows:
An amateur golfer must not play golf for prize money or its equivalent in a match, competition or exhibition.
Note: An amateur golfer may participate in an event where prize money or its equivalent is offered, provided that prior to participation he waives his right to accept prize money in that event.
An amateur golfer must not accept a prize (other than a symbolic prize) or prize voucher of retail value in excess of $750 or the equivalent, or such a lesser figure as may be decided by the USGA. This limit applies to the total prizes or prize vouchers received by an amateur golfer in any one competition or series of competitions.
Exception: A prize for a hole-in-one made while playing golf may exceed the above prize limit.
b. Exchanging Prizes
An amateur golfer must not exchange a prize or prize voucher for cash.
Note 2: It is recommended that the total value of prizes in a gross competition, or each division of a handicap competition, should not exceed twice the prescribed limit in an 18-hole competition, three times in a 36-hole competition, five times in a 54-hole competition and six times in a 72-hole competition.
Exception: An amateur golfer may submit a prize voucher to a state or regional golf association and thereafter be reimbursed from the value of that voucher for expenses incurred in participating in a golf competition, provided the reimbursement of such expenses is permitted under Rule 4-2.
Note 1: The responsibility to prove the retail value of a particular prize rests with the Committee in charge of the competition.
Given the above policy, the Michigan Players Tour will abide by the following guidelines in awarding prizes to amateurs in Michigan Players Tour events:
1. All prizes awarded to amateurs (other than trophies) will be in the form of gift certificates -- no cash will be awarded, nor will the gift certificates be redeemable for cash.
2. Since the total purse available to professionals in the field varies with the number of professionals competing, the number of rounds in the event, and the amount of sponsor contributions added to the purse, the value of gift certificates awarded to amateurs will also vary due to these factors.
3. In addition to winning the trophy, amateurs who win a Michigan Players Tour event will be entitled to a gift certificate whose value does not exceed $750.00 and is in accordance with the factors listed above.
4. Since the Tour awards prize money only to professionals who finish in the top 30% of scorers in events, the Tour will award gift certificates to the low amateurs in an event only if their scores finish "in the money" (i.e., within the percentage of players who earn checks).
5. If more than one amateur finishes "in the money," each amateur will receive a gift certificate. The value of these gift certificates will increase with the order of finish. If the lowest scoring amateur finishes in a position that would have paid a professional in that position $750.00 or more, the low amateur will receive a gift certificate of $750.00, with other amateurs "in the money" receiving proportionally less.
6. Should an amateur prize amount be less than the professional prize amount which would have been paid for that particular place in the order of finish, the balance of the prize money will be added to the professional purse.
7. Amateurs finishing "in the money" may opt to have the amount of their gift certificate applied to the entry fee of a future tournament on the Tour. The amateur will still be subject to space-available limitations for that event, however. If the amateur does not make the field, he will be given a gift certificate equal to the amount applied to the entry fee.
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