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Amid challenges from competing start-up leagues, the PGA Tour will enhance event purses and bonuses for players.

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Posted by Admin 24 Nov 2021

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.

 

 

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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

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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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