Breaking down the prize money at the 2024 Charles Schwab Cup, which is more than two majors

The season finale has a bigger first-place prize than three of the majors did in 2024.

PHOENIX — The 2024 PGA Tour Champions season has 28 events and more than $67 million in prize money up for grabs.

It all ends this week at the 2024 Charles Schwab Cup Championship.

The season finale has a bigger total purse than two of the senior majors and a larger first-place prize than three of the majors this season.

Here’s where the Schwab ranks in total purse and first-place money compared to the 2024 majors:

  • U.S. Senior Open: $4 million, $720,000
  • KitchenAide Senior PGA Championship: $3.5 million, $630,000
  • Kaulig Companies Championship: $3.5 million, $525,000
  • Charles Schwab Cup Championship: $3 million, $528,000
  • Senior Open: $2.8 million, $447,800
  • Regions Tradition: $2.6 million, $390,000

First place at the Schwab is good for $528,000, with $300,000 going to the runner-up, $252,000 for third place, $210,000 for fourth and $180,000 to fifth place. Everyone in the field earns a paycheck, with 35th place getting $17,250. There are 36 golfers who qualified but No. 8 Steve Stricker chose not to enter.

How it works

The tournament is a four-round, 72-hole, no-cut tournament.

Unlike the PGA Tour’s post-season – where the Tour Championship winner is declared the FedEx Cup champion – it’s possible to have someone win this event while someone else captures the Schwab season title.


Format, TV, prize money | Winners in 2024 | Money in 2024


The winner of the tournament wins the Charles Schwab Cup Championship. The winner of the season-long race is the Charles Schwab Cup champion.

But wait. There’s more

In addition to tournament prize money, there’s more cash on the line as part of the season-long Schwab race.

The top five in the final points standings will split $2.1 million that will be distributed in lump sum deposits into a Schwab brokerage accounts.

The breakdown:

  • 1st: $1 million
  • 2nd: $500,00
  • 3rd: $300,000
  • 4th: $200,000
  • 5th: $100,000

That money is considered bonus money and doesn’t count towards a player’s official career earnings.

These 10 golfers still have a shot to win the 2024 Charles Schwab Cup

As the circuit reaches the season finale, there are 10 golfers who have a chance to win the Cup.

PHOENIX — A year ago, Steve Stricker had such a commanding lead in the Charles Schwab Cup standings that he was able to skip all three of the playoff events on the PGA Tour Champions and still claim the Cup.

This time around, as the circuit reaches the season finale at the Charles Schwab Cup Championship there are still 10 golfers who have a chance to win it.

Of those 10, four are a long shot, as they each would need to win and have a lot of other things go their way. Of the top six, if any of them win the tournament at Phoenix Country Club, they’d claim the Cup.

And of those six, it’s most likely that it’ll come down to just two golfers.

Nonetheless, there’s certainly more drama heading into the week than in recent years.

How it works

The tournament is a four-round, 72-hole, no-cut event.

Unlike the PGA Tour’s post-season – where the Tour Championship winner is declared the FedEx Cup champion – it’s possible to have someone win this event while someone else captures the Schwab season title.


Format, TV, prize money | Winners in 2024 | Money in 2024


The winner of the tournament wins the Charles Schwab Cup Championship. The winner of the season-long race is the Charles Schwab Cup champion.

The 10 golfers in contention

If any of these players win the Charles Schwab Cup Championship, they will win the Charles Schwab Cup, regardless of where anyone else finishes:

  • Ernie Els
  • Steven Alker
  • Stephen Ames
  • Padraig Harrington
  • Y.E. Yang
  • Richard Green

Els has been atop the points standings for the last 12 tournaments.

Cup most likely comes down to two

The PGA Tour Champions stats crew reports that these are the “two most reasonable outcomes”:

Els, No. 1 in points and tied for most wins in 2024 with three, can claim the Cup by winning but it’s possible he could also clinch it by finishing second, third or fourth.

Alker can win the Cup with a win but also a second- or third-place finish but he would need Els to finish outside the top 5.

What some top contenders are saying

“For me to have led the money list for a long time is something, but it doesn’t mean anything if you don’t win the Charles Schwab Cup,” Els said. “So hey, if I end up not winning it, it will sting a little bit obviously because of my consistent play throughout the year but not winning it, you know.”

Alker won the tournament last year and the Cup two years ago.

“Defending a tournament is always great, too. You come here and, as I said, you just bring those vibes forward, bring them into the week. But that’s a good feeling to come here as defending champ,” he said.

Harrington won the last PGA Tour Champions event two weeks ago to put himself in the conversation. And he knows the scenarios well.

“If I or any, I think six of us, if we win outright, we win it outright, nobody can interfere,” he said. “Which is tough for Ernie [Els]. Ernie’s had a great year, he’s No. 1 and he hasn’t really got. … I won’t say he wasn’t got rewarded, but he needs to win as well this week. He’s not going to get away with not winning.”

Don’t count these guys out

Green is the lone golfer among the contenders without a tournament win in 2024.

These golfers have a chance at the Cup but each needs to win this week and have the contenders finish well down the leaderboard:

  • K.J. Choi
  • Ricardo Gonzalez
  • Paul Broadhurst
  • Jerry Kelly

The math is not working here

These golfers cannot mathematically win the Cup:

  • Stewart Cink
  • Doug Barron
  • Tim O’Neal
  • Retief Goosen
  • Thomas Bjorn
  • Darren Clarke
  • Ken Tanigawa
  • Alex Cejka
  • Rocco Mediate
  • Bob Estes
  • Bernhard Langer
  • Miguel Angel Jimenez
  • Ken Duke
  • Joe Durant
  • Tim Petrovic
  • Thongchai Jaidee
  • Greg Chalmers
  • Mark Hensby
  • Vijay Singh
  • Shane Bertsch
  • Hiroyuki Fujita
  • Rod Pampling
  • Stuart Appleby
  • Jason Caron
  • Cameron Percy

The top 36 qualified for Phoenix but there’s only 35 in the field, as Steve Stricker, No. 8 in the points ahead of the finale, is skipping the tournament.

As for Harrington, he won the tournament two years ago but this may be his best chance to claim the Cup.

“I know with the Charles Schwab Cup, I’m not getting any younger,” Harrington said. “You want to take it when you get a chance. There’s more good players coming out every year, so whatever advantage you have when you’re young, that’s being eroded. Yeah, you want to take it when you get the chance.”

Charles Schwab Cup Championship field, format, how to watch, prize money

Ernie Els heads to Phoenix Country Club at No. 1 in the points.

This story has been updated because an earlier version included an inaccuracy.

The field for the 2024 Charles Schwab Cup Championship was made official Friday afternoon. There were 36 who qualified but there will only be 35 heading to Phoenix Country Club, as Steve Stricker did not commit to the event.

Ernie Els, who tied for the most wins on the circuit this season with three, comes into the PGA Tour Champions season finale No. 1 in the points. He’s been No. 1 for the last three months.

Steven Alker is second. Stephen Ames and Padraig Harrington, each with three wins, are third and fourth, with Y.E. Yang checking in at No. 5. Alker and Yang each have one win.

Charles Schwab Cup rankings

Rank Golfer Events Wins
1 Ernie Els 22 3
2 Steven Alker 21 1
3 Stephen Ames 23 3
4 Padraig Harrington 14 3
5 Y.E. Yang 26 1
6 Richard Green 25 0
7 K.J. Choi 24 1
9 Ricardo Gonzalez 24 1
10 Paul Broadhurst 23 2
11 Jerry Kelly 19 1
12 Stewart Cink 10 1
13 Doug Barron 18 1
14 Tim O’Neal 25 1
15 Retief Goosen 20 1
16 Thomas Bjorn 19 0
17 Darren Clarke 23 0
18 Ken Tanigawa 27 1
19 Alex Cejka 19 0
20 Rocco Mediate 18 1
21 Bob Estes 23 0
22 Bernhard Langer 15 0
23 Miguel Angel Jimenez 23 0
24 Ken Duke 26 0
25 Joe Durant 25 1
26 Tim Petrovic 25 0
27 Thongchai Jaidee 21 0
28 Greg Chalmers 19 0
29 Mark Hensby 23 0
30 Vijay Singh 21 0
31 Shane Bertsch 25 0
32 Hiroyuki Fujita 5 0
33 Rod Pampling 26 0
34 Stuart Appleby 24 0
35 Jason Caron 9 0
36 Cameron Percy 15 0

Richard Green is sixth, the highest ranking for anyone who has yet to win in 2024.

Other notables in the field include Miguel Angel Jimenez, Jerry Kelly, Bernhard Langer, Retief Goosen and Darren Clarke as well as three first-time winners making their Charles Schwab Cup Championship debut: Ricardo Gonzalez, Stewart Cink and Tim O’Neal.

Jason Caron, No. 35th in the points, is a full-time club pro in New York who has earned his card for the 2025 PGA Tour Champions season. He last had status on the PGA Tour in 2009.

How it works

The tournament is a four-round, 72-hole, no-cut tournament.

Unlike the PGA Tour’s post-season – where the Tour Championship winner is declared the FedEx Cup champion – it’s possible to have someone win this event while someone else captures the Schwab season title.

The winner of the tournament wins the Charles Schwab Cup Championship. The winner of the season-long race is the Charles Schwab Cup champion.

Only three golfers have won both in the same season:

  • Bernhard Langer: 2010, 2014, 2015, 2016, 2018
  • Tom Lehman: 2012
  • Kevin Sutherland: 2017

Charles Schwab Cup Championship winners

Year Winner
2023 Steven Alker
2022
Padraig Harrington
2021 Phil Mickelson
2020
Kevin Sutherland
2019 Jeff Maggert
2018 Vijay Singh
2017
Kevin Sutherland
2016 Paul Goydos
2015 Billy Andrade
2014 Tom Pernice Jr.
2013 Fred Couples
2012 Tom Lehman
2011 Jay Don Blake
2010 John Cook
2009 John Cook
2008 Andy Bean
2007 Jim Thorpe
2006 Jim Thorpe
2005 Tom Watson
2004 Mark McNulty
2003 Jim Thorpe
2002 Tom Watson
2001 Bob Gilder
2000 Tom Watson
1999 Gary McCord
1998 Hale Irwin
1997 Gil Morgan
1996 Jay Sigel
1995 Jim Colbert
1994 Raymond Floyd
1993 Simon Hobday
1992 Raymond Floyd
1991 Mike Hill
1990 Mike Hill

Charles Schwab Cup champions

Year Name
2023 Steve Stricker
2022 Steven Alker
2020-21 Bernhard Langer
2019 Scott McCarron
2018 Bernhard Langer
2017 Kevin Sutherland
2016 Bernhard Langer
2015 Bernhard Langer
2014 Bernhard Langer
2013 Kenny Perry
2012 Tom Lehman
2011 Tom Lehman
2010 Bernhard Langer
2009 Loren Roberts
2008 Jay Haas
2007 Loren Roberts
2006 Jay Haas
2005 Tom Watson
2004 Hale Irwin
2003 Tom Watson
2002 Hale Irwin
2001 Allen Doyle

Because of his regular-season dominance a year ago, Stricker won the season-long title without having to enter any of the three postseason events.

How to watch

The Charles Schwab Cup Championship will have four days of live coverage, with two hours each day on Golf Channel, from 5 p.m. to 7 p.m. ET.

Prize money payouts

First place is good for $528,000, with $300,000 going to the winner, $252,000 for third place, $210,000 for fourth and $180,000 to fifth place. Everyone in the field earns a paycheck, with 35th place getting $17,250.

Charles Schwab Cup Championship: Field, format, more at Phoenix Country Club

There’s just 36 golfers left for the season finale.

PHOENIX — After 28 tournaments over the last 10 months, the PGA Tour Champions 2024 season reaches the end of the road at the Charles Schwab Cup Championship.

Phoenix Country Club is the host venue for the season finale, the final leg of a three-tournament postseason. Outside of the five majors on the senior circuit, this is the only 72-hole event on the schedule.

The regular season consisted of 25 tournaments and then only the top 72 golfers advanced to the first event of the postseason. Those 72 golfers became 54 for last week’s event, won by Padraig Harrington. Now there are just 36 remaining.

Top 36 in Charles Schwab field

1 Ernie Els
2 Steven Alker
3 Stephen Ames
4
Padraig Harrington
5 Y.E. Yang
6 Richard Green
7 K.J. Choi
8 Steve Stricker
9
Ricardo Gonzalez
10 Paul Broadhurst
11 Jerry Kelly
12 Stewart Cink
13 Doug Barron
14 Tim O’Neal
15 Retief Goosen
16 Thomas Bjorn
17 Darren Clarke
18 Ken Tanigawa
19 Alex Cejka
20 Rocco Mediate
21 Bob Estes
22
Bernhard Langer
23
Miguel Angel Jimenez
24 Ken Duke
25 Joe Durant
26 Tim Petrovic
27
Thongchai Jaidee
28 Greg Chalmers
29 Mark Hensby
30 Vijay Singh
31 Shane Bertsch
32 Hiroyuki Fujita
33 Rod Pampling
34 Stuart Appleby
35 Jason Caron
36 Cameron Percy

The first five out

37 Mike Weir
38 David Bransdon
39 Steve Allan
40 Scott Dunlap
41 Charlie Wi

Who moved in, who moved out

The Simmons Bank Championship proved to have some volatility, as three golfers played their way into the finale, which meant three golfers have to drop out.

Hiroyuki Fujita 51 to 32
Jason Caron 53 to 35
Cameron Percy 40 to 36
Mike Weir 30 to 37
David Bransdon 35 to 38
Scott Dunlap 36 to 40

Who’s leading the Charles Schwab Cup points race?

Ernie Els, who has three wins in 2024, sits atop the points. Steven Alker, who won the season-long title in 2022, is second. He has one win this season. In third is Stephen Ames, who has three wins this season. Harrington, No. 4 in the points, also now has three wins. Y.E. Yang is fifth. He has one win in 2024.

Other notables in the standings

Steve Stricker, who had such a dominant regular season in 2023 that he won the Schwab Cup title without playing in any of the three postseason events, is No. 8.

Bernhard Langer, who leads the PGA Tour Champions with 45 wins and who has won the Schwab six times, is No. 22.

Jason Caron, a PGA club professional in from Oyster Bay, New York. He last played on the PGA Tour in 2011 but has been a full-time club pro since. This year, however, he’s played really well in the nine starts he’s made on the senior circuit, post four top-10s, including a tie for fourth at the KitchenAid PGA Senior Championship in May. He earned the 35th spot in the field after a tie for third in Little Rock, Arkansas.

About Phoenix Country Club

The golf course in central Phoenix was home to the PGA Tour’s Phoenix Open from 1932 to 1986. It has hosted the PGA Tour Champions since 2017 and has a deal in place to continue to do so through 2032. This year’s Schwab tournament is Nov. 7-10.

Bubble watch: These golfers are hovering around the line to make season-ending Charles Schwab Cup Championship

It’s the penultimate event on the PGA Tour Champions 2024 schedule.

The penultimate event on the PGA Tour Champions 2024 schedule is this week at the Simmons Bank Championship in Little Rock, Arkansas.

Following last week, which started with 72 golfers, there are now 54 still standing at Pleasant Valley Country Club for a 54-hole tournament that starts Friday.

The top of the points race has been holding steady, with Ernie Els checking in at No. 1, followed by Steven Alker, Stephen Ames, Richard Green and K.J. Choi. Els and Ames lead in the wins category in 2024 with three each while Paul Broadhurst (No. 8) and Padraig Harrington (No. 11) are tied at two wins apiece.

On Sunday, the field will be whittled down one last time, to just the top 36 golfers, who will then get a week off before heading to Phoenix Country Club for the season finale.

While hoisting the trophy this week is the goal for everyone,  a slew of new golfers are competing in the tournament within the tournament to make the field for Phoenix.

2024 Dominion Energy Charity Classic
Padraig Harrington plays his shot on the 18th hole during the third round of the 2024 Dominion Energy Charity Classic at The Country Club of Virginia. (Scott Taetsch/Getty Images)

Two golfers, Tim O’Neal (55th to 13th) and David Bransdon (56th to 35th) not only jumped into this week’s field by virtue of how they played last week, but they both shot into the top 36.

But it’s crunch time for many others.

Last five in

Here’s a look at the golfers in spots 32 through 36

32. Miguel Angel Jimenez

33. Rod Pampling

34. Vijay Singh

35. David Bransdon

36. Scott Dunlap

First five out

Here’s a look at the golfers in spots 37 through 32

37. Charlie Wi

38. Steve Allan

39. David Toms

40. Cameron Percy

41. Paul Stankowski

Notables still outside the top 36

No. 43 Kenny Perry

No. 46 Billy Andrade

No. 49 Justin Leonard

Notables whose season ended last week

No. 55 Chris DiMarco

No. 59 Angel Cabrera

No. 61 David Duval

Charles Schwab Cup Playoffs update: Three up, three down as postseason field is cut to 54

There are now 54 golfers moving on to the second round.

The 2024 Charles Schwab Cup Playoffs started at this week’s Dominion Energy Charity Classic at The Country Club of Virginia. There were 72 golfers in the field to start the PGA Tour Champions postseason.

Fifty-four holes later, there are now 54 golfers moving on to the second round at the Simmons Bank Championship in Little Rock, Arkansas, Oct. 25-27.

Tim O’Neal won the Dominion Energy Charity Classic by two shots for his first Champions circuit victory. It’s a win that gave him the biggest jump up in the points race.

Who moved into top 54 in Charles Schwab Cup?

  • Tim O’Neal: 55th to 13th
  • David Bransdon: 56th to 35th
  • Paul Goydos: 59th to 48th

Who moved out of top 54 in Charles Schwab Cup?

  • Chris DiMarco: 51st to 55th
  • Kirk Triplett: 53rd to 56th
  • Angel Cabrera: 54th to 59th

Cabrera was the “bubble boy” in the 54th spot. That role now goes to Michael Wright, who slid from 48th but held on.

What about the top 36 for season finale?

Bransdon not only jumped into the top 54 for the Simmons Bank, but he’s now 35th and inside the top 36 for the season finale at Phoenix Country Club in three weeks. Rod Pampling also moved inside the top 36, going from 38th to 33rd. Along with O’Neal, those are the three moving up.

Meanwhile, Charlie Wi dropped from 33rd to 37th, Steve Allan from 34th to 38th and David Toms from 35th to 39th. Those three will need to make the most of the tournament in two weeks to climb back into the top 36.

What you need to know about the 2024 Charles Schwab Cup Championship

Only the top 72 golfers advance to the postseason.

The 2024 Charles Schwab Cup Playoffs, the three-event postseason on the PGA Tour Champions, are here.

Unlike the PGA Tour’s postseason, the senior ciruit’s playoffs can, and often does, produce one winner at the season finale who’s different from the season-long Charles Schwab Cup race.

A year ago, Steve Stricker enjoyed such a dominant regular season that he was able to skip all three playoff events and still claim the season-long title.

This year, Ernie Els will head into the postseason in the No. 1 spot.

Who qualifies for the Charles Schwab Cup Playoffs?

The top 72 in the season-long race advance to the postseason. Es is No.1 with Steve Alker second, Stephen Ames third, Richard Green fourth and Stricker fifth. Jerry Kelly, who won the regular-season finale, climbed two spots into the top 10. Angel Cabrera, solo fourth at the season finale, had the biggest move up, as he jumped 15 spots to 54th. Lee Janzen, meanwhile, finished in the No. 72 spot, making him final man in the playoffs.

Pos. Player
1 Ernie Els
2 Steven Alker
3 Stephen Ames
4 Richard Green
5 Steve Stricker
6 K.J. Choi
7 Y.E. Yang
8 Paul Broadhurst
9 Jerry Kelly
10 Padraig Harrington
11 Doug Barron
12 Ricardo Gonzalez
13 Darren Clarke
14 Stewart Cink
15 Ken Tanigawa
16 Rocco Mediate
17 Alex Cejka
18 Retief Goosen
19 Bernhard Langer
20 Joe Durant
21 Greg Chalmers
22 Bob Estes
23 Thongchai Jaidee
24 Mark Hensby
25 Mike Weir
26 Shane Bertsch
27 Stuart Appleby
28 Thomas Bjørn
29 Ken Duke
30 Miguel Angel Jimenez
31 Scott Dunlap
32 Vijay Singh
33 Charlie Wi
34 Steve Allan
35 David Toms
36 Tim Petrovic
37 Paul Stankowski
38 Rod Pampling
39 Cameron Percy
40 Brian Gay
41 Kevin Sutherland
42 Robert Karlsson
43 Billy Andrade
44 Steve Flesch
45 Hiroyuki Fujita
46 Mario Tiziani
47 Matt Gogel
48 Michael Wright
49 Jason Caron
50 Justin Leonard
51 Chris DiMarco
52 Kenny Perry
53 Kirk Triplett
54 Angel Cabrera
55 Tim O’Neal
56 David Bransdon
57 David Duval
58 Dicky Pride
59 Paul Goydos
60 Marco Dawson
61 Scott Parel
62 Heath Slocum
63 John Senden
64 Harrison Frazar
65 Glen Day
66 Boo Weekley
67 Gene Sauers
68 Scott McCarron
69 Brett Quigley
70 Billy Mayfair
71 Woody Austin
72 Lee Janzen

Who climbed into playoffs, who dropped out?

Woody Austin was 73rd heading into the regular-season finale but climbed two spots to 71 and on the good side of the line. Arjun Atwal, on the other hand, was 72nd but dropped to 73rd. Austin tied for 17th at the SAS Championship while Atwal did not play the event. Those were the only ones to flip from one side of the line to other.

Where are the Charles Schwab Cup Playoffs tournaments?

The first two of the three playoff events use the Champions Tour’s typical 54-hole format. The finale is a 72-hole affair, the lone non-major on the Champions circuit to have 72 holes. The playoffs start with 72 players. The top 54 then advance with only the top 36 after two playoff events reaching the finale in Phoenix.

These are the tournaments:

Dominion Energy Charity Classic

The Country Club of Virginia, Richmond, Virginia

Oct. 18-20

Field size: 72

Defending champion: Harrison Frazar

Simmons Bank Championship

Pleasant Valley Country Club, Little Rock, Arkansas

Oct. 25-27

Field size: 54

Defending champion: Padraig Harrington

Charles Schwab Cup Championship

Phoenix Country Club, Phoenix

Nov. 12-15

Field size: 36

Defending champion: Steven Alker

Past Charles Schwab Cup champions

Year Winner
2023 Steve Stricker
2022 Steven Alker
2020-21
Bernhard Langer
2019 Scott McCarron
2018
Bernhard Langer
2017
Kevin Sutherland
2016
Bernhard Langer
2015
Bernhard Langer
2014
Bernhard Langer
2013 Kenny Perry
2012 Tom Lehman
2011 Tom Lehman
2010
Bernhard Langer
2009 Loren Roberts
2008 Jay Haas
2007 Loren Roberts
2006 Jay Haas
2005 Tom Watson
2004 Hale Irwin
2003 Tom Watson
2002 Hale Irwin
2001 Allen Doyle