PGA Tour boosts prize money to $428.6m for next season
02 August 2022 - 17:17
byAmy Tennery
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
The PGA Tour announced record prize money for the 2022/2023 season on Monday, with eight invitationals offering “elevated” purses between $15m and $25m.
The move comes as the circuit is fighting back against the Saudi-backed LIV Golf Invitational Series, which has led to the defection of several high-profile players on multimillion-dollar deals, including six-times Major winner Phil Mickelson.
The total value of the purses for the 43 non-majors is $428.6m, an increase of $68.3m from the previous season, according to the tour.
“We’ve heard from our fans and the overwhelming sentiment was that they wanted more consequences for both the FedExCup Regular Season and the Playoffs, and to further strengthen events that traditionally feature top players competing head-to-head,” PGA Tour commissioner Jay Monahan said in a statement.
Just 70 players will earn a start to the first FedExCup Playoffs event, with the Tour Championship set to begin on August 21 in Atlanta. The tour moves to a calendar-year season in 2024.
In July, the PGA Tour sent a memo to players outlining a new ranking called the “FedExCup Playoffs and Eligibility Points List” that omits players who have been suspended but have not resigned from the circuit.
The move ensured those who joined the LIV Golf Invitational Series do not negatively affect others’ eligibility.
The upcoming PGA Tour season will include 47 tournaments and begins on September 12 with the Fortinet Championship in Napa, California.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
PGA Tour boosts prize money to $428.6m for next season
The PGA Tour announced record prize money for the 2022/2023 season on Monday, with eight invitationals offering “elevated” purses between $15m and $25m.
The move comes as the circuit is fighting back against the Saudi-backed LIV Golf Invitational Series, which has led to the defection of several high-profile players on multimillion-dollar deals, including six-times Major winner Phil Mickelson.
The total value of the purses for the 43 non-majors is $428.6m, an increase of $68.3m from the previous season, according to the tour.
“We’ve heard from our fans and the overwhelming sentiment was that they wanted more consequences for both the FedExCup Regular Season and the Playoffs, and to further strengthen events that traditionally feature top players competing head-to-head,” PGA Tour commissioner Jay Monahan said in a statement.
Just 70 players will earn a start to the first FedExCup Playoffs event, with the Tour Championship set to begin on August 21 in Atlanta. The tour moves to a calendar-year season in 2024.
In July, the PGA Tour sent a memo to players outlining a new ranking called the “FedExCup Playoffs and Eligibility Points List” that omits players who have been suspended but have not resigned from the circuit.
The move ensured those who joined the LIV Golf Invitational Series do not negatively affect others’ eligibility.
The upcoming PGA Tour season will include 47 tournaments and begins on September 12 with the Fortinet Championship in Napa, California.
Reuters
Tiger Woods ‘rejected $800m LIV Golf offer’
Finau secures back-to-back wins on PGA Tour
Saudi ‘sportswasher’ Stenson wins LIV Golf debut
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Related Articles
Tony Finau comes from behind to win 3M Open
LALI STANDER: Cameron Smith performance the stuff of dreams
Stenson removed as Team Europe Ryder Cup captain
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.