The PGA Tour is raising purses even higher in 5 of its largest events, with FedEx Cup playoff events now presenting USD 15 million in a schedule that pushes prize money toward the USD 500 million mark this year.
The will increase, which encompass USD 12 million handbags inside the three invitational tournaments, have been accredited at a board meeting weeks ago in Houston and mentioned in a memo PGA Tour Commissioner Jay Monahan sent to players on Monday.
"We are positioned to develop quicker in the subsequent 10 years than we've at any factor in our existence," Monahan stated within the memo, which was received with the aid of The Associated Press.
Monahan said the tour's forecast is for fifty five% of sales going back to the gamers in prize cash, bonus programs and other blessings. The $838 million allotted to the gamers includes USD 32 million from the reserve fund.
Prize cash from authentic occasions comes out to USD 360.1 million. That would not include the USD seventy five million from the FedEx Cup, and it doesn't encompass the majors, which now are lagging at the back of regular PGA Tour activities.
The majors generally do not announce their handbags till in the direction of the event. A year in the past, the richest main turned into the USA Open at USD 12.Five million. The PGA Championship purse was USD 12 million and the Masters and British Open presented USD eleven.5 million.
The memo became a year-give up message that become added earlier than ordinary, in part because of an announcement earlier this month that a Greg Norman-led organization funded by means of Saudi Arabia's sovereign wealth fund plans to inject USD two hundred million into the Asian Tour as a step closer to creating a global tour promising assured riches.
Monahan did no longer point out competing tours in his memo.
The excursion already published the 2021-22 time table that showed most tournaments growing prize cash by using nearly USD 1 million.
The updates accredited through the board consist of the postseason occasions the FedEx St Jude Championship and the BMW Championship going from USD eleven.5 million to USD 15 million in prize money, meaning the winner might get USD 2.7 million. That's a lift from a USD nine.Five million purse a year in the past.
Also, prize cash at the Genesis Invitational at Riviera, the Arnold Palmer Invitational at Bay Hill and the Memorial at Muirfield Village are going up to USD 12 million, compared with USD 10.Five million previously listed and USD 9.3 million a year in the past.
The World Golf Championships-Dell Match Play additionally may have a USD 12 million handbag.
The average purse on the PGA Tour, now not which includes the 4 opposite-field occasions, is kind of USD nine million.
Along with prize cash, the FedEx Cup bonus pool goes from USD 60 million to USD 75 million, with the winner getting USd 18 million. The Comcast Business Tour Top 10, which gives bonuses to the top finishers within the everyday season, doubles its overall bonus to USd 20 million.
The Player Impact Program, which awards the leading gamers based totally on diverse media metrics, is going from USD forty million to USD 50 million.
The tour stated USd 685 million from the USD 838 million allotted to the players might be participant repayment, which includes prize cash and bonuses. The relaxation is going into retirement and benefits plans.
The will increase come largely from the 9-year media rights deal (community and digital) worth more or less USD 7 billion that is going into impact in 2022.
"Over the beyond 20 months as we've got controlled through the pandemic and restored our working reserves we have prioritized purse and complete earnings increase throughout all FedEx Cup positions," Monahan said inside the memo, adding the tour changed into "bullish on the forecast" going ahead.
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