The PGA Tour introduced to its membership Monday significant will increase coming to its prize dollars and payout constructions for the new calendar year.
The economic facts were being described to PGA Tour players in a memo sent to them by commissioner Jay Monahan and first noted by the Related Push and Golfweek followed by numerous other media shops. The improves involve bumps in purses, bonuses and FedEx Cup allotment.
Complete tournament prize money subsequent yr will leap from $367 million to $427 million, according to the memo. The first two FedEx Cup postseason stops, the FedEx St. Jude Invitational and BMW Championship, will supply $15 million purses, up from the $9.5 million readily available at this year’s Northern Belief and BMW Championship. Three “player-run” events—the Genesis Invitational (hosted by Tiger Woods), Arnold Palmer Invitational and Memorial (hosted by Jack Nicklaus)—are viewing nearly a $3 million raise in their all round purse to $12 million per match. Also boasting a $12 million purse will be the Dell Systems WGC-Match Play. The regular purse on tour will be lifted extra than $1 million from very last year’s figures.
This news follows October’s announcement that the Gamers Championship, the tour’s flagship occasion at TPC Sawgrass, will boast at least a $20 million purse. It is by significantly the most dollars allotted in a single stroke-play tournament and dwarfs the purses of the sport’s 4 majors in 2021 ($12.5 million for the U.S. Open, $12 million for the PGA Championship and $11.5 million for the Masters and Open up Championship). The Gamers winner will reportedly earn $3.6 million, up from the $2.7 million Justin Thomas produced for his earn in March.
The FedEx Cup pool will also surge from a total of $60 million previous year to $75 million in 2022, with the winner reportedly obtaining $18 million (up from $15 million). The tour’s new Player Influence Software, a reward fund for players who raise publicity and engagement, will go from $40 million to $50 million, and the Comcast Company Tour Prime 10 for the most effective typical-period performers will double its payouts from $10 to $20 million.
The tour is about to start off a new media-rights deal in 2022, but the money bumps also come as the tour combats threats of rival leagues likely promising confirmed paydays to the game’s most significant stars.