PGA Tour ‘could hold 18 $20m no-cut tournaments as details from Tiger Woods’ crunch meeting emerge
Details from Tiger Woods’ crunch meeting are revealed with PGA Tour ‘considering 18 $20m no-cut tournaments with 60 players’ in their fightback against LIV… while ‘SEVEN more stars are set to join Saudi-backed event after the FedEx Cup’
- The PGA Tour reportedly has a plan which would involve 18 no-cut tournaments
- Players would compete for $20million prize pool, compared to LIV Golf’s $25m
- Tiger Woods and his contemporaries reportedly discussed relinquishing the Tour’s non-profit status which would ensure greater financial freedom
- LIV is expected to sign several PGA stars once the Tour playoffs end next week
In response to the ongoing raid by LIV Golf, the PGA Tour’s players have been strategizing and details have surfaced as the contents of Tuesday’s players-only meeting.
Tiger Woods‘ heroic dash to Delaware was of no surprise to anyone. Although secrecy was supposed to be applied following the PGA Tour’s players-only meeting.
The Firepit Collective is reporting the Tour has put together a plan in which they could hold 18 no-cut tournaments, involving 60 players, and crucially the scope to compete for $20million purses.
For context, bitter rivals LIV Golf currently have $25m purses.
The Tour isn’t reportedly stopping there and has conceived other ways it can potentially keep pace with the Saudi breakaway league.
Relinquishing their non-profit status is another mechanism in which the PGA may engender further financial fluidity. Both Woods and Rory McIlroy are reportedly in support of the change.
Details from Tiger Woods’ crunch meeting with PGA Tour players have been revealed
This would reportedly result in a $20-50m annual loss but privatization would allow a greater financial canvas in order to commensurately pay their players.
Despite the PGA’s push, there were no attempts from Woods to coerce imminent defectors from joining LIV.
The meeting at Hotel du Pont was reportedly centered around providing solutions for retaining the Tour’s elite players while also cementing his status as a Tour figurehead.
The PGA Tour is fighting back against Greg Norman’s breakaway LIV Golf Series
The PGA Tour’s postseason wraps up next week at the Tour Championship at East Lake Atlanta. The winner of the FedEx Cup Playoffs will take home $18m.
The report claims that seven more stars are set to switch from the PGA Tour to the LIV Tour and the move will happen after the FedEx Cup next week.
The Tour has arguably been combative when dealing with the threat from the series, with PGA Tour commissioner Jay Monahan banning all rebels as soon as they play their first LIV event.
Eleven players, including Phil Mickelson, Bryson DeChambeau and Ian Poulter, filed an antitrust lawsuit against the Tour as they claimed the suspensions had harmed their careers. Carlos Ortiz has since reportedly withdrawn his name from the lawsuit.
LIV Golf has offered staggering fees to lure some of golf’s biggest stars to the series, with the latest reported to be an offer of $140million to British Open champion Cameron Smith, who has withdrawn from this week’s BMW Championship due to a hip problem.
PGA Tour commissioner Jay Monahan has banned rebels as soon as they play first LIV event