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Jordan Spieth’s Caddie, Michael Greller, Leaves Teaching, Makes $375,000
Published: April 13, 2015
Using a rough calculation of typical caddie-golfer contracts, Tony Manfred of Business Insider estimated that Greller has made about $375,000 as Spieth has rocketed up the Official World Golf Ranking this past month. Spieth, 21, matched the 72-hole scoring record at Augusta at 18 under and became the first wire-to-wire winner since 1976 with Greller at his side.
Manfred wrote of Greller's earnings:
While we don't know the exact details of Greller's contract with Spieth, it's fair to say he's making more now than he could have teaching. According to Golf Digest's Undercover Pro, caddies on the modern PGA Tour typically get paid a base salary for $1,300-$1,800 per week with additional results-based bonuses. Traditionally, that bonus structure is 5/7/10 (5% of winnings for a made cut, 7% of winnings for a top-10 finish, and 10% of winnings for a tournament win).
In the last 30 days Spieth has two second-place finishes and two wins, including the Masters (a $1.8 million prize), for a total of $4.1 million in winnings. Under the traditional rates, Greller stands to have made $375,000 in performance bonuses alone during that period.
Greller, who first caddied in 2006, began working with Spieth at the U.S. Junior Amateur in 2011. Greller initially planned to take a one-year sabbatical from his job as a sixth-grade math and science teacher but left to be Spieth's full-time caddie in 2013.
Brian Costa of The Wall Street Journal reported on how rare Greller's story is:
But in hiring Greller, 37, at the start of Spieth’s career and sticking with him ...
Article Source: Bleacher Report - Golf
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