Tours & Packages

PGA Tour nearing $500 million in prize money next season

Debbra Szafryk 3 years ago 3 min read

The PGA Tour is closing in on $500 million in prize income for subsequent year, with eight tournaments supplying $15 million or extra and confined spots accessible for the postseason.

It will be the last time for a wraparound period that has nine tournaments commencing on Sept. 15, has a 6-week split all over the vacations and resumes in Hawaii in January just before the period ends in August.

Only the prime 70 gamers — down from 125 — will qualify for the FedEx Cup playoffs, with gamers whittled down to 50 players for the 2nd postseason celebration and 30 reaching the Tour Championship and competing for the FedEx Cup.

Commencing in the fall of 2023, players outdoors the top rated 70 will have six tournaments to attempt to generate total status for a calendar-yr plan that will commence the adhering to January.

The prize dollars for the 43 tournaments run by the PGA Tour is $428.6 million, which includes 4 opposite-area situations. The 4 majors had put together prize funds of $61.5 million past 12 months. Nevertheless to be determined is whether purses will be enhanced for 2023.

The PGA Championship returns to Oak Hill outside the house Rochester, New York, in May possibly — it previously was scheduled for upstate New York when the PGA moved from August to Might in 2019. The U.S. Open up goes to Los Angeles Country Club for the to start with time, even though the British Open up returns to Royal Liverpool for the 1st time because 2014.

PGA Tour Commissioner Jay Monahan earlier disclosed that the elevated situations with match hosts at Riviera (Tiger Woods), Bay Hill (Arnold Palmer) and Memorial (Jack Nicklaus) will have $20 million purses. The lone Planet Golf Championship — Match Play in Austin, Texas — and two postseason functions also will have $20 million purses.

That consists of the BMW Championship, for now the only postseason party that moves to different courses. Next calendar year it will be at Olympia Fields in the south suburbs of Chicago.

The Gamers Championship purse is $25 million, although the Sentry Match of Champions to get started the new 12 months at Kapalua nearly doubles to $15 million.

All but 5 tournaments in the core of the 2023 time are at $8 million or more.

The dates are around the identical as this time, apart from for an additional 7 days between the U.S. Open up and British Open. That allowed the Rocket Home loan Vintage in Detroit to transfer from the last weekend in July to the past weekend in June — two months soon after the U.S. Open up and a few months in advance of the British Open up.

As for the bonus swimming pools, an extra $145 million is being provided — $75 million for the FedEx Cup, $20 million for the Comcast Enterprise Tour 10 that pays out the best 10 players in the standard cause and $50 million for the reputation contest regarded as the Participant Impression Method.

However to be introduced are the a few international activities late in 2023 that will feature massive purses and limited fields, setting up with the best 50 in the FedEx Cup standings.

Monahan mentioned quite a few of the variations and prize improves in June, minus particular dates and scheduling. The tour launched its new timetable a single week just after the Saudi-funded LIV Golfing declared a 14-match agenda with $405 million in prize dollars, all guaranteed simply because the 48-person fields have no slice in the 54-hole activities.

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