Winning the Masters not only brings a golfer fame and prestige, it also brings a very nice paycheck.
Augusta does not publish its payouts until after the conclusion of the tournament, but the purse is expected to be similar to last year's. This means that an approximate total of $8 million is at stake, including $1,440,000 going to the winner.
As of 3:45 p.m. ET, three players have separated themselves from the pack. Jason Day, Brandt Snedeker and Angel Cabrera each got off to tremendous starts and sit at the top of the leaderboard. Assuming one of these stars is able to hold on for a win, each is in line for a payout similar to what Bubba Watson received last year, as well as a new green jacket.
There is a relatively large drop-off to second and third place, with the two earning $864,000 and $544,000, respectively, last year. This puts a lot more emphasis on every single stroke that these players take in the final round.
In the event of a tie (except for first place), the players average the earnings for the spots taken up. As an example, there was a four-way tie for third last season between Phil Mickelson, Lee Westwood, Matt Kuchar and Peter Hanson. Each golfer came away with $384,000, according to Augusta.com.
Considering the surprises on the leaderboard, a few well-known stars will be taking away a smaller check than usual at the conclusion of this year's tournament.
Mickelson finished off a terrible week with 73 on Sunday to finish nine strokes over par for the tournament. This will give him a payout of close to $20,000, which is well below average for the lefty.
Rory McIlroy also struggled, with a third-round score of 79 derailing his efforts of the week. He finished at two-over, which currently ranks him tied for 29th place. If this were to stand, he would receive about $57,000.
Meanwhile, Tiger Woods remains in contention for a title, but the chances of getting a win get slimmer by the hole. However, barring a collapse he will remain in the top 10, which will net him at least $200,000.
Here is a full breakdown of payouts at the 2013 Masters based on last year's totals (via the Augusta Chronicle):