Scottie Scheffler explains financial agreement with caddie after banking $62m this year

Scottie Scheffler has detailed his financial arrangement with his caddie after raking in $62million this year alone. The American has enjoyed a blockbuster 2024, winning a second Masters title in April and then rounding off the year by taking the FedEx Cup, which alone banked him $25m. In between, he took a host of PGA Tour titles and top-10 finishes.
In truly eye-popping numbers, Scheffler earned on average $3.2m per tournament, $826,000 per round and $11,000 per shot. That, of course, topped up the bank balance of caddie Ted Scott, who is out on his own when it comes to bag carriers.
Even before Scheffler clinched the FedEx Cup, Scott had earned just over $2.6m on the PGA Tour. That would have placed him 58th on the PGA Tour players’ money list, even ahead of three-time major winner Jordan Spieth, a good friend of Scheffler’s.
Typically, a caddie will earn 10% of their players’ victory purse, 7% for a top 10 and 5% for anything else. Given the vast sums involved, Scheffler employs people to manage his financial affairs.
On how it works with Scott, the 28-year-old told the Pardon My Take podcast: “We have a girl that helps us pay bills basically because I’m a child and I can’t keep track of all that stuff!
“She quickly took over that job and texts me at the end of each week, saying, “Hey, this is how much we’re paying Ted”. I’m like, “That’s great”.
Scott, who was previously Bubba Watson’s bagman for 15 years, and Scheffler attended the same bible study group before working together. Scheffler has admitted his caddie’s religious beliefs were an important factor in his decision to hire him.
The world number one once said: “I just think the world of him as a person so that was why I was attracted to him just being a potential good partner for me out on the course. I really want to work with a Christian. That’s how I try to live my life.”
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Scott is a handy player in his own right and reportedly has a handicap of four. He also has his own sideline teaching golf online.
On his split from two-time major winner Watson, Scott explained: “Bubba and I are still very good friends. We just had some different ideas in our life of where we are and where we wanted to go.”