August 13, 2022

News and Update

PGA Tour Plans to Add Eight $20 Million Tournaments by 2023 as Effort Towards LIV Golf, Report

The PGA Tour has responded – a lot of instances and in quite a lot of methods – to the rising LIV Golf match. Their newest objection to LIV taking away some stars and a number of huge winners is a reported plan so as to add an eight-event schedule to the annual calendar for a complete of $160 million. la to seize one of many prime 50 gamers from final season.

In accordance with Golf DigestThe PGA Tour will possible embody at the moment scheduled occasions with these eight spanning your entire season.

Beginning subsequent 12 months, the PGA Tour schedule will embody eight occasions with no area restrict, at $20 million every, for the highest 50 finishers in final season’s FedEx Cup rankings. A few of these occasions would be the centerpiece of the season, whereas others will happen within the fall. These exterior the highest 50 will compete in a sequence of other tournaments the place they’ll struggle to maintain their playing cards and win higher standing for the following season.

This structural change will happen with the tour going again one season based mostly on the calendar 12 months, one thing Golf Digest has reported is beneath evaluate. The tour moved from a calendar-based schedule to a composite marketing campaign in 2013-14.

The transfer will successfully create tournaments just like the World Golf Championship occasions, which have been created twenty years in the past. There shall be twice as many huge cash occasions like this because the WGC, and these shall be tougher to get into as they’re restricted to the highest 50 from final season’s FedEx Cup.

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Nevertheless, the impact is similar. It’s a direct money rebuttal to LIV Golf, which is planning double-digit $25 million tournaments subsequent 12 months ($20 million for people, $5 million for tournaments). groups).

What’s fascinating is how a lot cash is being swirled round right here. The one occasion on the PGA Tour at the moment akin to this purse dimension is the Gamers Championship, which distributes $20 million. The largest championship pockets proper now could be the US Open, which simply pumped up $17.5 million at Brookline.

That is basically how different sports activities leagues work. Gamers receives a commission in the course of the common season after which go down in historical past within the knockouts.

The opposite fascinating a part of this improvement is that there isn’t any apparent push from gamers for this. A part of the attract of LIV Golf is that golfers can play fewer occasions with extra assured cash within the type of a contract. It doesn’t matter the place Dustin Johnson and Bryson DeChambeau find yourself at LIV Golf occasions as a result of they each receives a commission. This transfer by the PGA Tour will possible see stars play extra tournaments than they’ve performed – relying on what number of present occasions are lifted and what number of are added in the course of the 12 months – which no funds are assured beneath the contract.

“I feel there’s sufficient profit applications for the highest gamers proper now, the PIP program, the Comcast High-10, the FedExCup rewards, all of these issues are designed to provide the very best,” mentioned Rory McIlroy. more cash within the pockets of the highest gamers. on the Wells Fargo Championship final month. “You play the very best and the ice cream comes out on the prime on the finish of the 12 months. That’s why the Comcast High-10, FedExCup bonuses are so excessive. And then you definitely add PIP to it for the individuals who make loads of it. cash impacts the Tour.”

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Now, the highest gamers might have so as to add to their schedule to construct their common season riches. A part of the explanation for that is that the PGA Tour is a 501c(6) group, which suggests it’s tax free and due to this fact has to get artistic with the way it pays its members.

This new eight-tournament match within the match introduction is a part of that match and it’ll assist maintain the very best gamers when it comes to cash, which the PGA Tour believes will possible quell the inflow of gamers. with LIV Golf.