PGA Tour will add $ 20 million price of tournaments in 2023 as an effort to battle LIV Golf, in keeping with stories

The PGA match has responded – a number of occasions and in several methods – to the beginning LIV Golf League. Their newest opposition to the LIV that destroys a handful of stars and plenty of occasions prime winners is a reported plan so as to add a big-money fall plan to the annual calendar with particular person baggage of about $ 20 million set for kidnapping in among the many 50 greatest gamers from final season.

In response to Golfweek, the PGA Tour is more likely to cowl the occasions at present deliberate with three tournaments during which they may pay $ 60 million over the autumn. They’ll characteristic 50 golfers qualifying for the BMW Championship, the second of three FedEx Cup Playoff occasions, and can be distributed throughout Asia, Europe and the Center East.

One other proposed change is that solely 70 golfers (out of 125) would qualify for the primary FedEx Cup Playoff occasion, the St. Louis Championship. Jude. Solely these 70 can be assured with PGA Tour playing cards for the next season, which can be returned to their maintain throughout a calendar yr beginning in January 2024.

As well as, the luggage of eight completely different occasions have already grown, a lot of them nearly doubling, with the biggest particular person bag in golf now belonging to the gamers championship, which elevated from $ 20 million to $ 25 million.

Golf Channel

Including three occasions would create tournaments which might be successfully the identical because the World Golf Championship occasions, which have been constructed twenty years in the past. It might be more durable to get in as a result of they’re restricted to final season’s 50 greatest gamers, however the impact is similar. It is a direct financial opposition to LIV Golf, which is planning a $ 25 million double-digit match subsequent yr ($ 20 million for people, $ 5 million for groups).

What’s fascinating is how a lot cash is being accrued right here. The one occasion within the PGA match that at present equals this bag dimension is the Gamers’ Championship, which distributes $ 20 million. The championship’s largest present pockets is the US Open, which simply introduced its quantity to $ 17.5 million at Brookline.

The opposite attention-grabbing a part of this improvement is how the gamers will reply. A part of the attract of LIV Golf is that golfers can play fewer occasions for extra assured cash within the type of contracts. It doesn’t matter the place Dustin Johnson and Bryson DeChambeau find yourself at LIV Golf occasions as a result of they receives a commission in each method. This PGA Tour transfer would doubtlessly see the celebrities play extra tournaments than they already play with no contract cash in any respect.

It’s clear that golfers need assured cash, as Patrick Cantlay stated on Tuesday on the Traveler Championship.

“I positively suppose this may very well be useful,” Cantlay stated. “I feel there is a competitors for expertise proper now and I feel you see it in all types of different companies. You have seen it in different skilled sports activities sometimes. A part of the priority is to not. you already know what the long run holds, it will be prefer it proper now could be an unsure time for golf, but when you consider it within the bigger enterprise panorama, it is a competitors for expertise, so if the PGA match desires to remain “The primary match for skilled gamers, it must be one of the best place to play for one of the best gamers on the planet.”

These further occasions, nevertheless, are in all probability not even one thing the highest gamers have been in search of.

“I feel there are many packages within the nation that profit key gamers proper now, the PIP program, Comcast Prime-10, the FedExCup bonus, all of these items are designed to pour more cash into the pockets of key gamers,” stated Rory McIlroy. on the Wells Fargo Championship final month. “You play one of the best and the cream has to rise to the highest by the tip of the yr. That is why Comcast Prime-10, FedExCup bonus cash is so excessive. And then you definately add the PIP there for individuals who do the largest. affect on tournaments. “

Now, key gamers might have so as to add to their schedules to construct fortunes within the common season. A part of the rationale for that is that the PGA Tour is a 501c (6) group, which implies it’s tax-exempt and thus must be artistic with the way in which it pays its constituents (i.e. creating extra occasions). for gamers to play as an alternative of guaranteeing contracts).

This new three-tournament league inside a league presentation is a part of that, and will at the very least assist financial take care of one of the best gamers (particularly in the event that they enhance the present 5 wallets to $ 20 million as properly), which the PGA Tour believes it probably. calm the exit of gamers in LIV Golf.

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