Credit: Will Dickey–/USA TODAY NETWORK
The PGA Tour is laying out plans to increase purses at several marquee events and revamp its schedule in a bid to compete with the burgeoning LIV Golf Invitational series, multiple outlets reported Tuesday.
PGA Tour commissioner Jay Monahan unveiled the plans during a players’ meeting at TPC River Highlands, the site of this week’s Travelers Championship.
According to reports, the PGA Tour wants to increase purses at regular-season limited-field events to at least $20 million and establish a lucrative new fall schedule for the top 50 finishers in the FedEx Cup standings. These new tournaments would rotate sites around the world and, like LIV’s tournaments, would not have a cup.
The tour is likely to do away with the October-September “wraparound” schedule it introduced in 2013-14, reverting instead to a calendar year schedule. ESPN reported that top players on tour said there is no real offseason in the current format, with FedEx Cup points up for grabs at multiple events in October and November.
Current events that could see a huge increase in the purse include the Players Championship, Genesis Invitational, Arnold Palmer Invitational, Memorial, and Tournament of Champions. Currently, players are the biggest purse on tour, hitting $20 million for the first time last March.
Series LIV, backed by the Saudi Public Investment Fund, offers $25 million in purses in its events and has reportedly offered nine-figure advances to woo top players like Dustin Johnson and Bryson DeChambeau.
Mexico’s Abraham Ancer has become the latest player to join LIV, while reports on Tuesday indicated four-time Major winner Brooks Koepka is also making the jump.
Monahan is due to speak to the media at TPC River Highlands on Wednesday, with the tournament beginning on Thursday.
–Field level media