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Jordan Spieth’s Caddy Made $375,000 in the Last Month
Three years ago, Michael Greller was a sixth grade math and science teacher in Seattle making about $75,000 per year. Which is nice. But today he’s Jordan Spieth’s Caddy. And in the last 30 days alone Greller has pocketed about $375,000, or about 500% more than he would have made in a single year as a teacher.
Obviously, that sounds pretty awesome, and it is. But don’t go quitting your job just yet. Greller’s story is extremely rare, and while he’s probably an excellent caddy, he couldn’t have gotten where he is today without a little luck.
You see, just like any other career, it normally takes years of hard work and dedication to become a caddy on the PGA tour, let alone a caddy for the second-ranked golfer in the world. Greller, who is 37 now, only began caddying in 2006, and he certainly never thought it would become his main gig. But in 2011 Greller caddied for an 18-year-old Spieth at the U.S. Junior Amateur, and the two had chemistry. So when Spieth turned pro in 2012, he asked Greller to be his caddy rather than hire somebody out of the pool of established PGA caddies.
At first Greller, a 15-year veteran of the middle school classroom, was just going to take a one-year sabbatical. However, after that year, when it became clear that Spieth was a rising star, and that he was loyal, and that they could make a lot of money together, Greller left teaching behind for good.
In 2013, Spieth became the youngest golfer to win a PGA event in over 82 years when he won the John Deere Classic. In 2014, he cracked the top 40 at the British Open and the top 20 at the U.S. Open. Then, about a month ago, Spieth suddenly turned into the best golfer in the world. Two second place finishes and two first place finishes—including his wire-to-wire win at the Masters—propelled him to no. 2 in the world rankings. And according to Business Insider, they have made Michael Greller a pretty rich caddy:
“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.”
Something tells me Greller does not regret his decision to quit teaching.
Hat Tip – [Business Insider]