The Masters Tournament, commonly referred to as The Masters or The US Masters (outside the United States), is one of four major championships in men's professional golf and the first to occur every year.
The final round of the Masters each year is scheduled the second Sunday in April. Unlike the other major championships, the Masters is held every year at the same location, Augusta National Golf Club, a private golf club in Augusta, Georgia, USA.
In line with the other majors, winning the Masters gives a golfer several privileges which make his career more secure. Masters champions are automatically invited to play in the other three majors (the U.S. Open, The Open Championship, and the PGA Championship) for the next five years, and earn a lifetime invitation to the Masters. They also receive membership on the PGA Tour for the following five seasons and invitations to The Players Championship for five years. In 2006 the prize fund was US$7 million.