• Loading stock data...
Sunday, April 14, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

As FedEx Cup Playoffs Begin, PGA Tour Eyes Prize Money Boost

  • Next year's FedEx Cup champion will receive $25 million, up for $18 million this year.
  • Still to be determined is how and when LIV players will be allowed back on the PGA Tour.
Syndication: The Commercial Appeal

The 2023 FedEx Cup Playoffs begin on Thursday — with a total of $75 million on the line — but the PGA Tour is already looking at an even more lucrative 2024 season.

Next year’s schedule, which was released this week, will award the 2024 FedEx Cup champion $25 million, up from $18 million this year. The Comcast Business Tour Top 10 will shell out $40 million after the regular season — double 2023’s amount — including $8 million to the winner. 

In 2024, the Tour’s designated event model is being retooled to increase winners’ payouts to $4 million at three key tournaments: The Genesis Invitational (hosted by Tiger Woods), Arnold Palmer Invitational and Memorial Tournament (hosted by Jack Nicklaus). That represents 20% of those events’ purses, up from the 18% to be offered at what the Tour is calling its other five signature events, which carry $20 million purses apiece.

Waiting Game

Still to be determined is the impact of the Tour’s partnership with Saudi Arabia’s Public Investment Fund. On Wednesday, PGA Tour commissioner Jay Monahan said that the deal is on track to be completed by the end of the year.

“I really don’t think we’re going to see a big change until 2025,” Rob Mougey, the agent of U.S. Open champion Wyndham Clark, told Front Office Sports. “There are still so many unknowns. … What does 2024 look like for LIV? What everybody’s told is that it’s going to be the same as it was last year.”

Meanwhile, a key figure in the Tour’s operations — chief tournaments and competition officer Andy Pazder — surprisingly resigned this week, becoming the second major executive to step down in the wake of the Saudi deal, following policy board member Randall Stephenson, who resigned last month.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Salt Lake City About to Land NHL’s Coyotes (Minus Their Name)

Salt Lake City’s NHL franchise will have a new name.

NFL’s Expanded Helmet Options Come With a Perk: More Merch

Teams can now add a third helmet design to their overall look.

Another Green Jacket and $3.6M: Scottie Scheffler Wins the Masters

The Masters offered a tournament record purse of $20 million this year.

Everything You Need to Know About the PGA Tour, LIV Golf, and Any Potential Merger

The two tours remain far apart despite previous efforts to come together.

Featured Today

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.
Mar 31, 2024; Portland, OR, USA; NCAA officials measure the three point line while coaches from the Texas Longhorns and NC State Wolfpack watch with referees in the finals of the Portland Regional of the NCAA Tournament at the Moda Center center.
April 1, 2024

NCAA Has No One to Blame for Latest Women’s March Madness Transgressions

NCAA is still making avoidable mistakes three years after a complete overhaul.
Nov 16, 2015; Bloomington, IN, USA; General view of the championship banners at Assembly Hall prior to the game between Austin Peay and Indiana.
March 31, 2024

How to Make It in Basketball: Become a Manager at Indiana

Inside the Hoosiers’ unglamorous, profoundly rewarding incubator for basketball’s biggest names.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Nike
Multiple - USA Careers
NBA
Multiple - USA Careers
Dunham's Sports
Multiple - USA Careers

Angel Reese and Caitlin Clark Should Make a WNBA Roster. Their Teammates Didn’t

The draft could mark a significant financial turning point for the WNBA.
April 11, 2024

Cheap Sandwiches, Pricey Shirts, and the Wild World of the Masters

The Masters is underway at Augusta National Golf Club.
April 12, 2024

A Decade-Long Timeline of the Shohei Ohtani–Ippei Mizuhara Saga

Ohtani’s former interpreter has been federally charged with bank fraud.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
April 11, 2024

For Coaches Concerned About Getting Rolled On the Sideline: He’s Got an Insurance Policy For That

This salesman’s pitch: The average NFL coach earns more than $6 million per year—but that could all go up in smoke with one sideline collision.
April 10, 2024

NBA’s Silver on T-Wolves Sale Dispute: We’re Staying Out of It

The league will allow the disputed sale to move through the preapproved mediation process.
April 10, 2024

WNBA Has New Commercial Partner: Over-the-Counter Birth Control

WNBA teams up with FDA-approved over-the-counter birth control.
April 9, 2024

The Bottom Line: WNBA Already Feeling the Impact of Incoming Stars

Demand for tickets to see Clark, both home and away, surges even before she is drafted.