Ten thousand dollars is not a lot of money, especially for a tenured professor such as myself. And as for “honor”... well, it remains to be seen if receiving the award gets you prestige, or if being prestigious gets you the award.
Given his gambling addiction (common among jazz “improvisers”), Mr. Coleman has probably already lost the money. The Pulitzer Prize committee has squandered its well-earned entry fees by handing them over to a drunken bum. It should come as no surprise to the committee that a drunken bum who refuses to follow the rules of music composition will certainly not follow the rules of the Pulitzer Prize application process.