The PGA Tour is getting PAID.
In a move that’s basically the PGA Tour’s combat against LIV Golf, “PGA Tour Enterprises” has been launched, which basically gives players that stayed loyal to the tour (instead of defecting) a stake in the organization. That “ownership” also grants PGA players the opportunity to receive future and immediate equity, which totals over $1.5 billion.
Here’s how the payouts appear to be shaking out for some the biggest stars in golf:
-Tiger Woods: $1oo million
-Rory McIlroy: $50 million
-Justin Thomas: $30 million
-Jordan Speith: $30 million
The commissioner of the PGA Tour, Jay Monahan, sent out an email to the 193 eligible recipients that will act to “notify them of the current value of award grants.” Millions of dollars are set to be paid out to current and former PGA Tour players, and it will reportedly be done by categorizing golfers into four different groups.
Group 1 will be the biggest names on the tour and have the largestt payouts, while Group 2 is reserved for those “steady” players and future stars on the tour. Group 3 will see rewards doled out based upon tournaments won and career earnings, and in a really cool revelation, Group 4 will be made up of past PGA Players. It’s expected that $75 million will be spread out among “legends” of the game (based on career points).
Because its still early, no one really knows what this means in the PGA Tour and LIV Golf feud (even though a weird merger was announced way back when). Obviously, those that made the move to LIV are still making more money, but this is the first time that PGA players have tangibly been rewarded for staying loyal to the PGA.
