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Written by: Anjali Mishra
The PGA Tour continues to increase the money paid to its players throughout the year in response to potential threats to its future profitability. According to a memo obtained by No Laying Up from PGA Tour commissioner Jay Monahan, the FedEx Cup, Player Impact Program, and a few tournaments will all undergo financial changes in 2022.
Here are the details.
FedEx Cup bonus going from $60 million pool to $75 million pool
FedEx Cup winner getting $18 million (previously $15 million)
FedEx St. Jude Invitational and BMW Championship purses going to $15 million (previously $9.5 million)
Genesis Invitational, Arnold Palmer Invitational, the Memorial Tournament and WGC-Dell Technologies Match Play purses going to $12 million (previously $9.3 million)
Player Impact Program moving from $40 million pool to $50 million
Comcast Business Tour Top 10 going from $10 million pool to $20 million pool
Total tournament prize money in 2022 going from $367 million to $427 million
Average purse in 2022 will be $9.1 million, which is up over $1 million from 2021
In 2022, PGA Tour players will receive 55 percent of the Tour's $1.52 billion in income, according to Monahan. The remaining 45 percent will be used for tournament-related costs, personnel costs, and TPC network costs.
Players will receive $838 million as a result of this. Eighty percent of that comes in the form of prize money, various incentive schemes, and Tour member privileges. The remaining 20% ($153 million) comes from marketing partners and corporate marketing partners (mainly clothes and equipment firms), and Monahan expects this to treble (!) over the next two years.
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