Okay, so I saw this question popping up everywhere: “Is the FedEx Cup payout an annuity?” I got curious, so I decided to dig in and find out for myself. Here’s what I did and what I found.
My Investigation Process
First, I started with a simple search. I just wanted to get a basic understanding of how the FedEx Cup works. You know, the whole points system, the playoffs, and ultimately, how the winner gets paid.
Then, I looked for the official rules. I figured the PGA Tour website would have the most accurate information, and I was right! It’s all spelled out there, but it’s not exactly easy reading. It’s like a legal document, super dense and full of jargon.
Next, I focused on finding articles from reputable sources. I checked out some golf news websites and sports business blogs. These were much easier to understand than the official rules!
After that, I started comparing what I found. I wanted to see if different sources were saying the same thing. Consistency is key when you’re trying to figure out something like this.
What about the money
The payout of the bonus pool is very simple, I listened carefully the live game:
- The winner of the FedEx Cup receives $18 million.
- The runner-up receives $6.5 million.
- The third-place finisher gets $5 million.
- The fourth-place finisher gets $4 million.
- The fifth-place finisher gets $3 million.
- The payouts continue to decrease from there, with the 150th-place finisher receiving $85,000.
What I Learned
So, after all that digging, here’s the deal: The FedEx Cup winner gets a HUGE chunk of money, it’s not spread out over years like an annuity. It’s all upfront.
Before 2008, a big part of the prize used to be deferred, put into a retirement account, but they changed that. Now, the winner gets it all in one glorious, lump sum.
I have to say, it was a bit of a rabbit hole, but I’m glad I finally figured it out. Hopefully, this helps clear things up for anyone else wondering about the FedEx Cup payout!
