The purse was £4,000,000, and the winner received £720,000. Using conversion rates at the time of the tournament, the purse was €5,797,724 for the European Tour's Order of Merit rankings and $7,300,000 for the PGA Tour's money list.
History of The Open Championship at Royal Liverpool
6. First 3 and anyone tying for 3rd place, not exempt, in the top 20 of the European Tour Order of Merit for 2006 on completion of the 2006 BMW Championship Paul Broadhurst, Johan Edfors
7. First 2 European Tour members and any European Tour members tying for 2nd place, not exempt, in a cumulative money list taken from all official European Tour events from the British Masters up to and including the Open de France and including The U.S. Open John Bickerton, Robert Karlsson
13. First 20 on the Official Money List of the PGA Tour for 2005 Sean O'Hair
14. First 3 and anyone tying for 3rd place, not exempt, in the top 20 of the Official Money List of the PGA Tour for 2006 on completion of the FedEx St. Jude Classic
15. First 2 PGA Tour members and any PGA Tour members tying for 2nd place, not exempt, in a cumulative money list taken from the Players Championship and the five PGA Tour events leading up to and including the 2006 Western Open Billy Andrade, J. J. Henry
25. First 2 and anyone tying for 2nd place, not exempt having applied (24) above, in a cumulative money list taken from all official Japan Golf Tour events from the 2006 Japan PGA Championship up to and including the 2006 Mizuno Open Toshinori Muto, Hideto Tanihara
Graeme McDowell of Northern Ireland was the opening round leader at 66, which broke the course record set by Roberto De Vicenzo in 1967. Defending champion Tiger Woods led a group of five others at 67. There were 67 rounds under par, with 32 rounds in the 60s, which broke the record of 59 sub-par rounds in the first round of the Open Championship at St Andrews in 1995 (the PGA Tour began keeping records in relation to par in 1956).
Tiger Woods stormed into the lead at twelve-under with a 65 (−7), which included an eagle from 209 yards (191 m) on the 14th hole, one of the toughest holes at Royal Liverpool. Ernie Els also shot 65 and was one shot behind Woods, who was 6-0 when leading a major after 36 holes. Chris DiMarco, whose mother died suddenly of a heart attack 4 July, emerged from his slump with a 65 and was three shots behind at 135 (−9). Seventy one players made the 36-hole cut at 143 (−1) or better.
Moving day ended with Tiger Woods still holding a one-shot lead, but with three golfers right on his heels. Ernie Els, in the final pairing, matched Woods with an identical 71. Chris DiMarco and Sergio García were also within one shot. García holed out a 9-iron from 167 yards (153 m) for eagle on the second hole, and took only 29 shots on the outward nine to finish with a seven-under 65.
Woods fought off three of the best golfers in the world to win his third Open Championship title. While Els and García faded, DiMarco made a gritty rally to close with a 68 for a solo runner-up finish, two strokes back. After the clinching putt, Woods buried his head in the shoulder of caddie Steve Williams and sobbed uncontrollably, having won his first major since the passing of his father Earl Woods two months earlier. On the way to victory, Woods hit 86 percent of fairways. Woods became the first player since Tom Watson in 1982–83 to win golf's oldest championship in consecutive years. Woods improved his perfect record in majors to 11-0 when entering the final round with at least a share of the lead.
