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Big
increase in purse for Open Championship The 131st Open Championship,
which will be played at the Honourable Company of Edinburgh Golfers, Muirfield
from 18th to 21st July will carry record prize money of £3.8 million, an
increase of £567,000 (17.5%) on last year at Lytham. The winner will
receive £700,000, up £100,000 on 2001, but more significantly this
represents an increase of 100% on the cheque that Paul Lawrie took home from Carnoustie
in 1999. In addition to increases in prize money down to 70th place where
any player completing 72 holes will receive £8,500, prize money for non-qualifiers
has more than doubled so that the player in last (156th) place will now win £2,000. "We
believe that The Royal and Ancient should continue to review Open Championship
prize money not only at the top but throughout the field," commented David
Hill, Championship Secretary of the R&A. "In particular, we recognise
the cost of competing in the Championship for overseas players and have therefore
put measures in place which will offset the costs for those players and will maintain
the international strength of the field." The recent dramatic rise
in prize money, almost doubling in the past three years, is highlighted by the
amount Nick Faldo received at Muirfield in 1992 for the last of his three Open
wins. Then, he received £95,000 out of a total prize fund of £950,000.
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