Charles Schwab Cup: Facts and Figures

text size

November 04, 2010
PGA TOUR staff

OVERVIEW The Charles Schwab Cup is a season-long, points-based competition launched in 2001 to determine the Champions Tour's leading player. The program rewards both consistency and top-10 finishes week-in and week-out at all official/Charles Schwab Cup events.

PRIZE MONEY $2.1-million annuity to the top-five point earners at season's end.

Finish	Money
1st	$1 million
2nd	$500,000
3rd	$300,000
4th	$200,000
5th	$100,000

PAYOUTS

POINTS DISTRIBUTION Points are awarded to the top-10 finishers and ties in all official tournaments and are based on the money distribution for each tournament, with every $1,000 earned being the equivalent of one Charles Schwab Cup point. Points are doubled at the Champions Tour's five major championships and to the entire 30-player field at the season-ending Charles Schwab Cup Championship in November.

Year	Money needed
2001	$651,864
2002	$650,626
2003	$680,895
2004	$620,367
2005	$550,595
2006	$614,459
2007	$605,038
2008	$614,783
2009	$517,313
2010	$593,125
2011	$552,390

MAGIC NUMBER To earn a spot in the 2010 Charles Schwab Cup Championship, players needed $593,125. Below are the earnings for the last player in the field in each of the last 10 years. Note: These figures vary due to increased purse structures and the number of events during that particular season; for instance in 2005 and 2006 there were 27 events prior to the Charles Schwab Cup Championship compared to 29 in 2004, 30 in 2003; 34 in 2002, 36 in 2001, etc.