PGA Tour revises schedule and raises prize money to stave off LIV Golf

The PGA Tour will return to a calendar-year format in 2024, offering higher prize pools next year as part of a series of changes outlined by Commissioner Jay Monahan to retain the golf circuit’s top talent.

The revised formats see eight tournaments offering increased prize pools and changes to the FedExCup Playoffs, as well as up to three international limited-edition no-cut events to be held in the fall.

The FedExCup Playoffs overhaul will begin next year. The top 70 in the leaderboard will compete in the first event of the series, the FedEx St. Jude Championship at TPC Southwind in Memphis. The top 50 will make up the BMW Championship and the top 30 will compete as usual for the FedExCup at the Tour Championship in East Lake.

The Genesis Invitational, Arnold Palmer Invitational, WGC Match Play, Memorial, FedEx St. Jude Championship and BMW Championship will all increase their prize pools to $20 million starting next season. The Sentry Tournament of Champions offers $15 million in prize money, while the Players Championship prize pool increases to $25 million. In total, these eight tournaments now offer $53.8 million more in prize money than this season.

The 70 players who qualify for the first FedEx Cup Playoffs event are fully exempt for the following season, including invitationals. Anyone outside of this limit can increase their status in the fall events, with the top 125 players at the end of the season being completely exempt for the following year.

The three new no-cut tournaments will consist of the top 50 from the FedExCup final list and the top performers from the fall events. The format and other details of these new no-cut events are currently being reviewed by the Tour’s Players’ Advisory Board.

The PGA Tour announcement comes in response to the threat posed by the rebellious LIV golf series, which is backed by Saudi Arabia’s Public Investment Fund (PIF) and has selected top talent from the US golf scene. Brooks Koepka and Abraham Ancer are the latest players to defect ahead of LIV Golf’s second event later this month.

Another star, Collin Morikawa, was also heavily linked with a move but has since come out to reaffirm his commitment to the PGA Tour. However, Monahan is aware that if the battle turns into a financial arms race, his organization cannot win.

“Let me be clear. I’m not naive,” he said at a press conference ahead of the Travelers Championship. “If the only weapons here are dollar bills, the PGA Tour can’t compete with a foreign monarchy that’s spending billions of dollars to do that.” to buy a golf game.

“We welcome good, healthy competition. The LIV Saudi Golf League is not. It’s an irrational threat and one that doesn’t care about the return on investment for real game growth.

“On the PGA Tour, our members compete for an opportunity to put their names in the history books and for significant financial gains without having to deal with any moral ambiguities.

“My assessment of the situation is that this environment is troubling and players want to ensure their tour is doing everything it can to grow and develop in the way that has brought us to this point.

“We must continue to be the ultimate platform for the best players in the world – a place where they want to compete against each other in preparation for the biggest championships in our game. The best compete against the best in historical locations with traditions, meaning and purpose.

“We continue on our journey and are excited about what we announced today and more exciting news to come. We’re going to do it as a tour, as a collective and as a group of members who are absolutely behind their tour.”

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