#sports activities PGA Tour sends bombshell letter to its players revealing HUGE increases to prize money
PGA Tour sends bombshell letter to its players revealing HUGE increases to prize money in a severe blow for mega-rich breakaway LIV collection… with minimal wage of $500k, rapid LIFETIME membership for players and a brand new common purse of $20m
- The PGA Tour despatched a letter to its players on Wednesday asserting large adjustments
- Jay Monahan has instantly introduced in increases to prize money for players
- There will now be lifetime membership for players once they attain 20 wins
- Also, there’s a new common purse of $20m, and a minimal $500,000 wage
The PGA Tour has dealt an enormous physique blow to its rival LIV Golf collection by asserting huge increases to prize money in a bombshell letter despatched to its players.
Commissioner Jay Monahan has given the inexperienced mild to some rapid adjustments in a bid to maintain players on the PGA Tour, within the face of among the world’s prime stars defecting to the brand new Saudi-backed LIV tour.
In a three-page letter despatched to players on Wednesday, it was revealed that there’ll now be a minimal wage of $500,000 for all players on the PGA Tour, a brand new common purse of $20million to maintain tempo with LIV, and rapid lifetime membership for golfers once they attain 20 wins – fairly than the preliminary 15 years wanted.
The players who’ve stayed loyal to the PGA Tour, together with Rory McIlroy (left) and Tiger Woods, have been rewarded with big increases to prize money
PGA Tour commissioner Jay Monahan revealed the small print in a letter despatched to his players
The information will come as an enormous blow to LIV and Greg Norman as they proceed to attempt to lure players to their new collection, with the likes of Brooks Koepka, Bryson Dechambeau, Phil Mickelson and Dustin Johnson having already jumped ship.
The PGA’s adjustments are big, and rapid, and can see the world’s prime players compete in opposition to one another in round 20 PGA Tour occasions subsequent yr.
In addition, stars will obtain $5,000 for lacking cuts on the tournaments, with never-before-seen quantities given out to players on the PGA Tour even when they don’t seem to be profitable competitions.
Dustin Johnson (pictured proper with Donald Trump) has been lured away to the LIV Golf Series
Greg Norman has grow to be a destabilizing pressure to conventional golf because the CEO of LIV Golf
In the letter, despatched by Monahan on Wednesday, he stated that ‘whereas [the changes] would garner many headlines in media circles and with followers’, he’s ‘assured these adjustments will positively influence each single TOUR member’.
SUMMARY OF PGA TOUR CHANGES
Introduction of 4 elevated occasions (making the season complete 12)
Top Players commit to a 20 occasion PGA Tour schedule per yr
Expansion of the Player Impact Program
Launch of Earnings Assurance Programme
Launch of Travel Stipend Program for non-exempt members
Change to Sentry Tournament of Champions qualifying standards
Lifetime Membership awarded after 20 wins (eradicating membership size standards)
The PGA Tour have additionally elevated 4 extra occasions to to the 2023 FedEx Cup Regular Season, on prime of the eight they introduced in June, with a median prize pot of $20million.
The elevated occasions, which will likely be introduced in the end, will be part of the FedEx St Jude Championship, BMW Championship, Tour Championship/FedEx Cup, The Genesis Invitational, Arnold Palmer Invitational, The Memorial Tournament, WGC-Dell Technologies Match Play Championship and the Sentry Tournament of Champions.
While the letter made no point out of LIV Golf, it’s broadly accepted that the adjustments come within the face of the breakaway collection stealing away quite a few prime players.
In truth, among the adjustments are issues the likes of Mickelson have campaigned for for years, leaving many to marvel how the defected players will view them, and the timing of them.
The PGA Tour’s ‘Player Impact Program’ may even now reward 20 players and the payout has been doubled from $50m to $100m – efficient with the 2022 closing standings.
The Tour chief additionally proudly declared that ‘prime players’ have dedicated to compete in at the very least 20 PGA Tour occasions per yr.
With 12 of the tournaments now classed as ‘elevated occasions’ it leaves room for the 4 Major championships, the flagship Players Championship and extra FedEx Cup Playoff occasions (assuming the participant qualifies).
Speaking in a press convention Wednesday, forward of the Tour Championship at East Lake this week, Monahan stated: ‘Our prime players are firmly behind the Tour, serving to us ship an unmatched product to our followers, who will likely be all however assured to see the very best players competing in opposition to one another in 20 occasions or extra all through the season.
‘Today is a fruits of a strengthened partnership between the Tour and the players, and amongst the players themselves,’ he added.
‘It’s unprecedented for our Tour and a testomony to who these guys are and what they consider in.’