{"id":53328,"date":"2026-08-20T09:53:38","date_gmt":"2026-08-20T09:53:38","guid":{"rendered":"https:\/\/www.europesays.com\/golf\/53328\/"},"modified":"2026-08-20T09:53:38","modified_gmt":"2026-08-20T09:53:38","slug":"scottie-scheffler-loses-nearly-half-of-3-6m-prize-money-from-fedex-st-jude-win","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/golf\/53328\/","title":{"rendered":"Scottie Scheffler loses nearly half of $3.6M prize money from FedEx St Jude win"},"content":{"rendered":"<p>Scottie Scheffler took a leap toward taking Tiger Woods&#8217; spot atop the PGA Tour&#8217;s all-time money list with his win at the FedEx St. Jude Championship, but a big chunk will not hit his bank account<img decoding=\"async\" alt=\"Scottie Scheffler speaks at a press conference\" loading=\"eager\"  src=\"https:\/\/www.europesays.com\/golf\/wp-content\/uploads\/2026\/08\/0_GettyImages-2290266663.jpg\" \/><\/p>\n<p aria-label=\"Scottie Scheffler has a big tax bill after winning the FedEx St. Jude Championship\" class=\"ImageCaption_caption-title__ccyQU\" data-testid=\"caption-title\">Scottie Scheffler has a big tax bill after winning the FedEx St. Jude Championship(Image: Matthew Maxey\/Icon Sportswire via Getty Images)<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Scottie Scheffler&#8217;s dominant victory at the FedEx St. Jude came with only one downside: an eye-watering tax bill.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\"><a aria-label=\"World No. 1 SchefflerLink opens in a new tab.\" class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.themirror.com\/all-about\/scottie-scheffler\" rel=\"follow nofollow noopener\" tabindex=\"0\" target=\"_blank\">World No. 1 Scheffler<\/a> romped to an eight-shot win at TPC Southwind, blowing away the field in Memphis, Tennessee. He never looked back after a second-round 61 to vault to the top of the leaderboard; no challenger could keep pace with the four-time major champion as he took down the PGA Tour&#8217;s playoff opener.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Scheffler&#8217;s prowess was encapsulated by his response to <a aria-label=\"a brutal bad breakLink opens in a new tab.\" class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.themirror.com\/sport\/golf\/scottie-scheffler-sprinkler-fedex-championship-1984885\" rel=\"follow nofollow noopener\" tabindex=\"0\" target=\"_blank\">a brutal bad break<\/a> early in his final loop that threatened to unravel his tournament. After briefly venting to <a aria-label=\"caddie Ted Scott, he was back on the horse and outclassed the field.Link opens in a new tab.\" class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.themirror.com\/sport\/golf\/scottie-scheffler-fedex-st-jude-1985431\" rel=\"follow nofollow noopener\" tabindex=\"0\" target=\"_blank\">caddie Ted Scott, he was back on the horse and outclassed the field.<\/a><\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">For his efforts, Scheffler took the $3.6 million top prize, although a large portion of his paycheck will go to the IRS. He will be forced to pay 37 percent in federal income tax, which will eat up around $1.3M of his winnings.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">There are no state income taxes or &#8220;jock taxes&#8221; for athletes in Tennessee, which could reduce his tax bill, though Scheffler would have to pay a 4.7 percent franchise and excise tax if he routes his winnings through a business entity.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Scheffler will also have to fulfill Medicare tax obligations, which will subtract around two percent from his winnings. However, will receive a break on his expenses, such as travel, accommodation and his caddie, which qualify as tax write-offs.<\/p>\n<p><img decoding=\"async\" alt=\"Scottie Scheffler speaks to Ted Scott\" loading=\"lazy\"  src=\"https:\/\/www.europesays.com\/golf\/wp-content\/uploads\/2026\/08\/0_GettyImages-2290108973.jpg\" \/><\/p>\n<p aria-label=\"Scheffler's caddie, Ted Scott, will receive a handsome portion of the world No. 1's winnings\" class=\"ImageCaption_caption-title__ccyQU\" data-testid=\"caption-title\">Scheffler&#8217;s caddie, Ted Scott, will receive a handsome portion of the world No. 1&#8217;s winnings(Image: Tracy Wilcox\/PGA TOUR via Getty Images)<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Scheffler and Scott have not made the fine print of their financial relationship public, but caddies are typically entitled to about 10 percent of their player&#8217;s winnings, meaning the looper will likely receive about $360,000 for his involvement in the victory.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">With the deductions, Scheffler&#8217;s earnings for the week are likely to be in the region of $2M, still a very handsome paycheck for a week&#8217;s work on the golf course.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Scheffler has feasted in the PGA Tour&#8217;s $20M premiere events since his breakthrough 2022 season, though this was just his second win of the year. His other victory came at The American Express in January.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">But he has continued to live life near the top of the leaderboards, raking in plenty of cash, and on Sunday, he leapfrogged Rory McIlroy on the PGA Tour&#8217;s all-time money list.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">The 30-year-old has racked up a whopping $119.96M in on-course earnings on the PGA Tour since turning professional in 2018.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Scheffler now sits behind only Tiger Woods on the all-time money list. The 15-time major champion&#8217;s career PGA Tour earnings stand just shy of $121M, meaning Scheffler will surpass Woods as the richest winner in PGA Tour history with a top-three finish at this week&#8217;s $20M BMW Championship.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh\" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\">Scheffler has also locked up a $22M bonus. It is a mathematical certainty that he will top the FedEx Cup standings at the end of this week, triggering his massive bonus, but that does not count toward the all-time money list.<\/p>\n","protected":false},"excerpt":{"rendered":"Scottie Scheffler took a leap toward taking Tiger Woods&#8217; spot atop the PGA Tour&#8217;s all-time money list with&hellip;\n","protected":false},"author":2,"featured_media":53329,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[1438,144,399,208,1142],"class_list":["post-53328","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fedex-st-jude-championship","tag-fedex-st-jude-championship","tag-pga-tour","tag-rory-mcilroy","tag-scottie-scheffler","tag-tiger-woods"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/posts\/53328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/comments?post=53328"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/posts\/53328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/media\/53329"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/media?parent=53328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/categories?post=53328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/golf\/wp-json\/wp\/v2\/tags?post=53328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}