Traditionally caddies for tour golfers are paid a fee by their player for each tournament, plus a percentage of the player’s winnings. But in recent years another avenue of earning money has arisen for caddies: sponsorship.
It is up to the caddie and player to arrange payment terms between them. But a typical tournament fee for a caddie on the PGA Tour is said to be $1,500 to $3,000. A typical prize money percentage, 5/7/10 – that is 5% of prize money, but rising to 7% for a top-10 finish and 10% for a win. Caddies typically pay their own expenses.
