For the 2012 Masters, there was a total purse of $8 million, up $500,000 from 2011’s purse of $7.5 million. The winner, Bubba Watson, earned $1.44 million, while the second place finisher, Louis Oosthuizen, earned $864,000. Peter Hansen, Lee Westwood, Matt Kuchar, and Phil Mickelson tied for third and each earned $384,000. Tiger Woods finished tied for 40th, earning him $32,000. Golfers who miss the cut after two rounds are not eligible for any earnings.
The other 3 golf majors also have a purse of $8 million for the 2012 season. The US Open will be June 14-17, 2012. The Open Championship will be July 19-22, 2012 and the PGA Championship will be August 9-12, 2012.