PGA TOUR

The PGA Tour announced some enhancements for the Tour and it's players moving forward.

Here is a quick breakdown of the announcement:

  1. Top players commit to at least 20 PGA Tour events:
    1. The Genesis Invitational
    2. Arnold Palmer Invitational 
    3. the Memorial Tournament
    4. WGC-Dell Match Play Championship
    5. Sentry Tournament of Champions
    6. THE PLAYERS Championship
    7. The Masters Tournament
    8. PGA Championship
    9. U.S. Open
    10. The Open Championship
    11. Four additional Elevated Events (TBD) with at least $20 million purses each
    12. Three additional FedExCup events of the player's choosing
  2. Purse increases to the following events:
    1. THE PLAYERS Championship: $25 million
    2. FedEx St. Jude Championship (playoff): $20 million
    3. BMW Championship(playoff): $20 million
    4. TOUR Championship/FedExCup Bonus Pool: $75 million
    5. The Genesis Invitational: $20 million
    6. Arnold Palmer Invitational: $20 million
    7. the Memorial Tournament: $20 million
    8. WGC-Dell Match Play Championship: $20 million
    9. Sentry Tournament of Champions: $15 million
    10. Four additional Elevated Events (TBD): at least $20 million purses
  3. Expansion of the Player Impact Program (PIP)
    1. Reward 20 players (previously 10) for 2022 and 2023 seasons
    2. Bonus pool will now be $100 million (previously $50 million) for 2022 and 2023 seasons
    3. 2023 PIP Criteria alterations: Internet Searches, General Awareness, Golf Fan Awareness, Media Mentions, Broadcast Exposure (previously had a Social Media component)
  4. "Earnings Assurance Program"
    1. Applies to fully exempt members (Korn Ferry tour graduates and above) and must participate in at least 15 events 
    2. Guaranteed a minimum $500k per player
    3. Rookies & returning members receive money up front
    4. Replaces the "Play15" which 
  5. Travel Stipend
    1. For non-exempt members and does not effect purse money
    2. Receive $5k for missed cuts
    3. Travel and tournament-related expenses to be subsidized

 

The TGL

Tiger Woods and Rory McIlroy announced a partnership with the PGA to create a new league called The TGL. The league is aimed at targeting a younger audience and will utilize technology and custom-built arenas.

  • When:
    • Matches will begin in Jan 2024 and run through April 2024.
    • Monday nights during primetime during a two-hour window
  • Where:
    • 18-hole matches on a virtual course within custom-built arenas
  • Who:
    • Six teams made up of three PGA Tour players will player on
    • Each team will compete in five matches during a 15-week schedule.

 

Related:

Spotrac Podcast

PGA Tour Earnings