PGA Tour rewards those who said no to LIV

When Jay Monahan returned to his position after a brief period away from the spotlight, he immediately sent a memorandum to all players outlining how the path to the final agreement would unfold

by Andrea Gussoni
SHARE
PGA Tour rewards those who said no to LIV
© Alex Slitz / Getty Images Sport

When Jay Monahan returned to his position after a brief period away from the spotlight, following the signing of the framework agreement between the Tours, he immediately sent a memorandum to all players outlining how the path to the final agreement would unfold.

Pga Tour, news

At the top of the list was the Player Benefit Program, created to reward loyalty to the PGA Tour from players who had previously rejected offers from LIV Golf. According to reports from The Telegraph, players received an email yesterday from the PGA Tour headquarters in Ponte Vedra Beach (the one depicted in the opening photo) detailing the reward.

As we know, PGA Tour Enterprises, the new entity set to control professional Tours, has a fund of $3 billion guaranteed by the agreement with the Strategic Sports Group. A portion of this fund has been allocated to the Player Benefit Program.

$930 million is available to 193 players who can become stakeholders of PGA Tour Enterprises. The allocation is primarily based on a method tied to Career Points, representing results achieved on the Tour, and secondarily on the Player Impact Program ranking.

The top 36 players in this special ranking form Group One and have access to $750 million of the $930 million. The PGA Tour intends to keep the extent of the shares allocated to each of the 36 stars strictly confidential, but leaks are inevitable.

So, The Telegraph claims that Tiger Woods received a figure of $100 million in the email. Other rumors involve Rory McIlroy ($50 million), Justin Thomas ($30 million), and Jordan Spieth ($30 million). It has been emphasized that none of the recipients of the benefits will receive advance compensation, as is the case with signing contracts with LIV Golf.

In essence, it is a medium-to-long-term investment entrusted to Tour members. At the beginning of the lengthy PGA Tour/LIV Golf saga, Jay Monahan stated, "We cannot compete with a foreign government that has unlimited financial resources." It seems that the problem has been overcome. And this is all about the Pga Tour decision

Pga Tour Jay Monahan
SHARE