LIV Golf hosts its latest Invitational series event this week at Trump National Bedminster in New Jersey. If you’ve followed the drama surrounding the upstart Saudi-backed circuit and its first two tournaments, you likely know some of the specifics behind the latest event: 48 players, 54 holes, no cut, shotgun starts and last, but not least, a whole lot of money.

As was the case for the tournaments LIV Golf hosted outside London and Portland, Oregon, the overall purse for the individual competition is $US20 million ($A29 million), with everybody guaranteed to take home at least a six-figure check. Finish 48th at Bedminster and you’ll make $US120,000, which is just a little more than the equivalent of 19th at this week’s Rocket Mortgage Classic on the PGA Tour.

In addition to an individual competition, there is $5 million up for grabs in the team portion of the event. The four-man squad that wins will divvy up $3 million with the second-place team splitting $1.5 million among their foursome.

Here’s the prize money payout for the field at Trump Bedminster.

INDIVIDUAL

Win: $4,000,000 ($A5.7 million)

2: $2,125,000

3: $1,500,000

4: $1,050,000

5: $975,000

6: $800,000

7: $675,000

8: $625,000

9: $580,000

10: $560,000

11: $540,000

12: $450,000

13: $360,000

14: $270,000

15: $250,000

16: $240,000

17: $232,000

18: $226,000

19: $220,000

20: $200,000

21: $180,000

22: $172,000

23: $170,000

24: $168,000

25: $166,000

26: $164,000

27: $162,000

28: $160,000

29: $158,000

30: $156,000

31: $154,000

32: $152,000

33: $150,000

34: $148,000

35: $146,000

36: $144,000

37: $142,000

38: $140,000

39: $138,000

40: $136,000

41: $134,000

42: $132,000

43: $130,000

44: $128,000

45: $126,000

46: $124,000

47: $122,000

48: $120,000

TEAM

Win: $3,000,000

2: $1,500,000

3: $500,000