Complex sentence: As an alternate event, the winner does not get an invitation to the Masters Tournament, but does earn a trip to the PGA Championship, a two-year PGA Tour exemption, a minimum of 24 OWGR points, and 300 FedEx Cup points.
Split into simpler sentences: As an alternate event, the winner does not earn a trip to the Masters Tournament. He still earns a trip to the PGA Championship as a Tour winner, a two-year PGA Tour exemption, a minimum of 24 OWGR points, and 300 FedEx Cup points.