A Financial Deep-Dive of Jon Rahm

Scott Allen
Scott Allen, ContributorFebruary 20, 2023
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Jon Rahm, age 28, won his third event of the 2022-23 PGA Tour season and his tenth PGA Tour event of his career with the win at The Genesis Invitational. Rahm dominated throughout the entire weekend and he might just be getting started with a lot of the season left to play. There are more PGA Tour enhanced event and all four Majors still remain on the PGA Tour schedule.

With this recent win of $3.6 million, Rahm’s on-course official career earnings is now at $44.89 million, ranking him 19th All-time. With the known fact of the enhanced event money and Rahm seemingly being “in the zone” right now, he could see himself at or just outside of the Top-10 in on-course official event career earnings.

PGA Tour Career Wins

2016-17 Season

  • Farmers Insurance Open

2017-18 Season

  • CareerBuilder Challenge

2018-19 Season

  • Zurich Classic of New Orleans

2019-20 Season

  • BMW Championship
  • The Memorial Tournament

2020-21 Season

  • U.S. Open (2021)

2021-22 Season

  • Mexico Open at Vidanta

2022-23 Season

  • Sentry Tournament of Champions
  • The American Express
  • The Genesis Invitational

2022-23 PGA Tour Season

Rahm’s 2022-23 PGA Tour season has gotten off to an unbelievable start. Of the seven events he’s competed in he’s won 3 and finished in the Top-10 of each event. He’s earned a total of $9,864,750 through seven events. For context, the highest single-season on-course official event earner was Scottie Scheffler last season, having accumulated $14,046,909 through 25 events.

The CJ CUP in South Carolina: 

  • T4, $462,000 

Hero World Challenge:

  • T8, $112,500

Sentry Tournament of Champions: 

  • 1st, $2,700,000

The American Express: 

  • 1st, $1,440,000

Farmers Insurance Open: 

  • T7, $282,750

WM Phoenix Open: 

  • 3rd, $1,380,000

The Genesis Invitational: 

  • 1st, $3,600,000

Earnings Outlook

John Rahm seems to have been in the mix since he joined the PGA Tour. When looking at the top earnings golfers through a certain threshold of events played, Rahm finds himself within the top five of each threshold and now finds himself as the highest earning golfer through 137 events played.

First 25 Events

Jon Rahm is the 2nd-highest earning golfer through his first 50 official events played in the PGA Tour.

  1. Cameron Young: $6,308,211
  2. Jon Rahm: $4,980,651
  3. Collin Morikawa: $3,672,939
  4. Will Zalatoris: $3,622,172
  5. Keegan Bradley: $3,432,200

First 50 Events

Jon Rahm is the 3rd-highest earning golfer through his first 50 official events played in the PGA Tour.

  1. Will Zalatoris: $13,340,769
  2. Collin Morikawa: $11,886,526
  3. Jon Rahm: $10,301,702
  4. Rory McIlroy: $10,215,099
  5. Jordan Spieth: $7,492,643

First 75 Events

Jon Rahm is the 3rd-highest earning golfer through his first 75 official events played in the PGA Tour.

  1. Collin Morikawa: $18,930,575
  2. Rory McIlroy: $16,200,743
  3. Jon Rahm: $16,110,072
  4. Jordan Spieth: $16,086,406
  5. Scottie Scheffler: $14,901,993

First 100 Events

Jon Rahm is the 3rd-highest earning golfer through his first 100 official events played in the PGA Tour.

  1. Rory McIlroy: $28,303,413
  2. Jordan Spieth: $25,062,204
  3. Jon Rahm: $24,702,274
  4. Tiger Woods: $21,049,308
  5. Xander Schauffele: $19,613,409

First 125 Events

Jon Rahm is the 3rd-highest earning golfer through his first 100 official events played in the PGA Tour.

  1. Rory McIlroy: $35,539,880
  2. Jordan Spieth: $34,662,349
  3. Jon Rahm: $33,684,801
  4. Brooks Koepka: $30,342,809
  5. Tiger Woods: $30,246,330

First 137 Events

Jon Rahm is the highest earning golfer through his first 137 official events played in the PGA Tour.

  1. Jon Rahm: $44,888,795
  2. Rory McIlroy: $38,218,572
  3. Jordan Spieth: $37,123,584
  4. Tiger Woods: $35,944,855
  5. Brooks Koepka: $31,396,536

 

How does Rahm’s $44.89 million through 137 events compare to that of the other golfers?

Career Earnings

As mentioned above, Rahm now finds himself with $44,888,792, 19th All-Time, in on-course official career earnings with the addition of the $3.6 million prize for winning The Genesis Invitational. 

How does Jon Rahm compare to the current Top-5 All-Time on-course official career earnings?

 

A few of the players above are either retired or no longer active because they’ve decided to leave the PGA Tour for the LIV Golf tour. So how does Rahm’s career earnings compare to active PGA Tour golfers that currently have accumulated more than Rahm in their careers?

 

How does Rahm compare from an average standpoint?

#1 - Tiger Woods played in 372 events with an average of $325,147 per event. 

#2 - Phil Mickelson played in 658 events with an average of $144,308 per event. 

#3 - Dustin Johnson played in 307 events with an average of $243,964 per event. 

#6 - Rory McIlroy played in 223 events with an average of $306,313 per event. 

#19 - Jon Rahm has only played 137 events with an average of $327,655 per event.

Major Championships

Jon Rahm has won one Major tournament (U.S. Open 2021) and with the way he has been playing this could be his year to win a second or more.

Jon Rahm’s odds, per FanDuel Sportsbook, of winning a particular Major this year one month ago (after his win at The American Express) compared to today (Feb 20, 2022):

  • Masters Tournament: +1000 → +750
  • PGA Championship: +1300 → +950
  • U.S. Open: +1200 → +950
  • The Open Championship: +1200 → +1000

With each tournament Rahm plays in and does well in I’d expect those odds to quickly shrink and rightfully so. 

Note: Winners of these tournaments last season won $2.7 million, $2.7 million, $3.15 million and $2.5 million respectively.

Final Thoughts

As seen through the 25, 50, 75, 100, 125 and 137 events played thresholds, Jon Rahm has been here the whole time, but we are witnessing him taking his game to a completely new level. Regardless of what you want to call it, “in the zone” or “in his prime,” Rahm is seeing the course, swinging his clubs, seeing the game itself in a completely different way than other golfers right now. And to top it all off he’s been consistent. He hasn’t had a poor tournament yet when it comes to his finishing positions. While he has struggled out of the gate on some, he has quickly rebounded and figured out what he has needed to do to slowly creep back up the leaderboards and be within contention.

With the expansion of the enhanced events and prize money being elevated, golfers will now have more opportunities to accumulate their career earnings at a quicker rate than those of the past. However, these golfers, including Rahm, still need to show up and perform each and every event. The prize pool just gives them that much more incentive to do what it takes to move up the leaderboard each week. It’s going to be fascinating to look at the above trajectories at the end of this season (and seasons to come) to see how Rahm tracks compared to the top two earners, Tiger Woods and Rory McIlroy.

If you are just an overall sports fan, casual golf fan, avid golf fan that hasn’t had a chance to see Rahm in action yet, take some time to watch or catch a glimpse of him while you can. Something special is happening right before our eyes similar to Scottie Scheffler’s season last year, but I think this is a different kind of special.

 


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