The Grammy Awards — billed as "Music's Biggest Night" — gets underway Sunday afternoon, when dozens of excited winners will step up to the podium to collect their prizes. Later, lots of big names are scheduled to appear on a glitzy live telecast. But what do the Grammys actuall mean to nominees and winners, moneywise?
The frontrunner in the Grammy race this year is Beyoncé. She's up for nine awards, including three of the night's most vaunted honors: Record of the Year, Song of the Year, and Album of the Year. If she wins four Grammys this year, she would walk away with more awards than anyone since this honor was founded 65 years ago. (The current record holder is the late classical conductor Georg Solti, who won 31 trophies.)
