And now the tournament, which is played this week at Muirfield Village Golf Club in Dublin, Ohio, is also one of the richest.
Thanks to an offseason contract between the Memorial, tournament sponsor Nationwide and the PGA Tour, the Jack Nicklaus-founded event will see a significant increase in prize money.
This year’s Memorial will see a total purse of $8.5 million, with the winner of the star-studded field taking home $1.53 million of that. The player payouts will be determined over the weekend.
Those numbers are up from a year ago when they were $6.2 million and $1.116 million, respectively.
The Memorial Tournament 2016 Prize Money Breakdown
Total Purse: $8.5 million
Winning Share: $1.53 million
Player Payouts: TBD
FedExCup Points Awarded: 500
David Lingmerth won last year’s event in a playoff. Check out the highlights from his victory below: