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Sports Business
Cash Flow of a PGA Golfer
Income | |
Tour earnings | $1.25 million |
Endorsements | $4.0 million |
Gross income | $5.25 million |
Expenses | |
Agent fees | $525,000 |
Attorney fees | $262,500 |
Golfer's salary | $250,000 |
Accounting/financial | $105,000 |
Lodging/meals | $90,000 |
Caddie | $62,500 |
Golf coach | $50,000 |
Travel/transportation | $39,000 |
Retirement plan | $32,500 |
Entrance fees | $30,000 |
Trainer/ massage therapy/ chiropractor | $25,000 |
Golf psychologist | $25,000 |
Office expense/ telephone/ internet | $12,000 |
Payroll taxes | $10,499 |
Income taxes/ other taxes(Federal/ state/ FICA/ Medicare/ self-employment) | $1,444,491 |
Total expenses | $2,963,490 |
Net cash flow | $2,286,510 |