PGA Tour to add multiple $ 20 million tournaments in 2023 as an attempt to combat LIV Golf, according to reports

The PGA Tour has responded – several times and in different ways – to the emerging LIV Golf League. Their latest opposition to the LIV, which rips off a handful of stars and multiple big winners, is a reported plan to add a big-money fall schedule to the annual calendar with individual portfolios of approximately $ 20 million offered to grab among the top 50 players last season.

According to Golfweek, the PGA Tour is likely to overlap with currently scheduled events with three tournaments that will pay out $ 60 million in the fall. They will represent the 50 golfers who qualify for the BMW Championship, the second of three FedEx Cup playoff events, and will be distributed in Asia, Europe and the Middle East.

Another proposed change is for only 70 golfers (down 125) to qualify for the first playoff event for the FedEx Cup, the St. Jude Championship. Only these 70 will be guaranteed PGA Tour tickets for next season, which will return to the calendar year beginning in January 2024.

In addition, the portfolios of eight different events have already increased, many of which have almost doubled, with the largest individual portfolio in golf now belonging to The Players Championship, which has been increased from $ 20 million to $ 25 million.

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Adding three events will create tournaments that are virtually the same as the World Cup events that were created two decades ago. It would be harder to get in because they are limited to the top 50 players from last season, but the effect is the same. This is a direct monetary rebuttal to LIV Golf, which plans double-digit tournaments of $ 25 million next year ($ 20 million for individuals, $ 5 million for teams).

What is fascinating is how much money is thrown here. The only event on the PGA Tour that is currently equivalent to this purse size is the $ 20 million Players Championship. The biggest current big championship is the US Open, which has just raised to $ 17.5 million in Brooklyn.

The other interesting part of this development is how the players will react. Part of the appeal of LIV Golf is that golfers can play fewer events for more guaranteed money in the form of contracts. It doesn’t matter where Dustin Johnson and Bryson DeShambo end up at LIV Golf events, because they get paid in both cases. This move of the PGA Tour would potentially make the stars play more tournaments than they already play without any contractually guaranteed money.

It is clear that golfers really want guaranteed money, as Patrick Cantley said at the Travelers Championship on Tuesday.

“I definitely think that could be helpful,” Cantley said. “I think there’s a talent contest going on right now, and I think you see it in all sorts of other businesses. You’ve seen it in other professional sports from time to time. Part of the worry is not knowing what the future will be like. It’s uncertain golf time right now, but if you’re thinking about it in the wider business landscape, it’s a talent contest. So, if the PGA Tour wants to remain the most important tour for professional golfers, it must be the best place to play for the best players in the world. ”

However, these additional events may not even be something that the top players wanted.

“I think there are enough programs that benefit the top players right now, the PIP program, the Comcast Top-10, the FedExCup bonus, all of these things are designed to put more money in the pockets of the best players,” said Rory McIlroy. at the Wells Fargo Championship last month. “You play the best and the cream should rise to the top by the end of the year. That’s why Comcast Top-10, the FedExCup bonuses are so high. And then you add the PIP out there for the people who make the biggest impact on the tour. “

Now the best players may need to add to their schedules to amass wealth for the regular season. Part of the reason for this is that the PGA Tour is a 501c organization (6), which means it is tax-exempt and therefore needs to be creative with the way it pays its constituents (ie creating more events for players to play instead of guaranteeing contracts).

This new league of three tournaments as part of the introduction to the league is part of that and should at least help take care of the best players in money (especially if they increase five current wallets to $ 20 million), which the PGA Tour believes is likely will suppress the outflow of players to LIV Golf.

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