The normal caddie couldn't be there, so Kuchar found a local (Mexico) caddie to fill in. Kuchar agreed to pay the local caddie up to $4,000, but ended up paying him $1,000 more than agreed upon. Kuchar's normal caddie would have made $130,000 if he was there instead of the fill in.
“For a guy who makes $200 a day, a $5,000 week is a really big week,” Kuchar said.
What do you all think about this situation?
| +30 | ADHD ! | 14 | 14h | |
| +30 | Non-Competes Banned | 37 | 6s | |
| +29 | Being Christian in investment banking | 14 | 3d | |
| How do I become Sigma | 15 | 1d | ||
| +19 | Moelis has the cutest Analysts? | 4 | 2d | |
| +18 | Best NYC neighborhood for single 30M | 12 | 4d | |
| +16 | Underage intern, drinking? | 7 | 3d | |
| +13 | Secretive vs Universal Prestige? | 7 | 2d | |
| +10 | What are divorce rates in IB? | 13 | 5d | |
| +9 | Retirement Planning | 1 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Looks like caddie actually saying that he had a deal of $3,000 for the week plus a bonus unspecified percentage of the winnings
Generally think this is fine and wildly off topic. I’d guess that the reason for his normal caddy being paid more than a random guy he met days ago is that his normal caddy has spent 100s, maybe 1,000s, of hours with him during practice rounds and on the range. The caddies do not seem directly comparable to me. I would not be surprised if he gave his normal caddy more than 5k even though he missed the event.
Pretty damn cheap if you ask me, although a deal was agreed upon.
A deal should be a deal and shouldn't be aired in the press after the fact because you got a raw one.
Kuchar should also be a much better tipper and be a little more intelligent (or just sound less out of touch) with his quotes to the media. Imagine if he threw the guy $20k from his winnings - it wouldn't be a story at all and he wouldn't even notice.
assuming they both agreed upon it beforehand, then a deal is a deal. caddie shouldn't have agreed if he didn't think it was fair value.
that's like an analyst agreeing to a job, then asking the hiring manager for $40k bump in salary after finding out what the other analysts make.
What does the caddie's nationality have anything to do with this!?
The tournament was in Mexico
Your title pisses me off. How does someone's income have anything to do with the amount paid for a service. If an apple is worth .50c in the market should I pay 26x more just because I'm wealthy? If the caddie accepted that amount its because he was better off getting $5000 than not getting anything at all.
The caddie helped him win $1.3 million, right? I don't know too much about golf, which is part of why I asked the question, but wouldn't a local caddie's knowledge of the course contribute to a golfer's success? Of course it's legal to just pay him what you said you would pay him, but is it ethical?
Short answer, yes his caddie helped him. The argument could be made that even helping Kuch on one stroke throughout the four days is worth much, much more than the 5k he got (regardless of the fact that he won by 4). Caddies are a huge help, and having the local course knowledge definitely didn't hurt (assuming he was from the specific course).
Better answer though, they agreed on a price for his services, and complaining after the tournament was over that he felt he was underpaid is lame.
They agreed on $4k for finishing in the top 10, so Kuch actually gave him a $1k extra than their agreement said he had to. Obviously not the main issue here but it's not like Kuch was trying to stick it to this guy
They had a deal, boss.
Man you guys live on a different planet. I simply can't comprehend how he could think a $5k check to the caddy was an appropriate amount after winning $1.3 million. Phil would've given the guy the $130k and probably a bag full of Callaway's.
was it appropriate? no.
did he fulfill his obligation? from what's being reported, yes. they had an agreement of $4k.
Before the tournament they agreed that he would be paid $3,000 plus "an unspecified percentage of his winnings." I don't think the caddy was wrong here to be expecting more than 0.3% of the winnings when the standard is 10%. As a fill-in I certainly don't think he should have expected the 10% rate but damn, 2-4% or $25-50k would have been more than fair. $5k is just being a cheap asshole.
There must be a caddie caste system I'm not aware of.
White Caddie - Specific % of winnings. Asian Caddie - Smaller % of winnings. Mexican Caddie - $4k check. Black Caddie - $500 straight cash.
I don't see the problem. They agreed to the terms, Kuchar fulfilled the terms of the agreement + 25%.
He relented and paid him 50k
"Relented" from Kuchar's angle is Bridgestone/Skecher/Workday put pressure on him, or passed the hat to pay the guy.
$5k to carry around a golf bag seems like a lot to me. I thought this was going to be a story about what a generous guy Kuchar was.
I actually thought the same thing, too.
Carrying around a golf bag is an extremely simplistic definition of a professional caddy's job.
Debitis iste maxime nihil quos in. Iure qui aliquam fuga. Et nam aperiam nulla dolores alias sequi. Quod tempora molestias adipisci.
Est necessitatibus voluptas sint pariatur libero optio dolorem. Est voluptatem earum corrupti qui possimus. Molestiae sit dolor alias velit sunt mollitia. Omnis voluptatem laborum enim omnis. Et laboriosam provident aliquam magnam. Omnis facere sapiente dolores et rerum.
Maiores magnam voluptas est earum. Architecto vel similique quas delectus. Voluptas molestias in dolores quasi voluptate quisquam vel.
Sit eos quam doloremque sed dignissimos. Dolores quaerat et porro maiores itaque saepe nesciunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quos quos sint eius suscipit et veniam ex. Laudantium labore non quaerat numquam tempore sed accusamus est.
Ipsam incidunt enim sit aliquam qui accusantium. Harum dicta voluptate rerum. Aliquid ut qui molestiae eligendi. Nisi sed ex rerum magni.
Aliquam voluptatem sit sit et. Rem molestiae laudantium in iusto enim molestiae dolorum minus. In architecto eaque et et laudantium. Consequatur dolore fugit et minus dolore eos.