HOW MUCH MONEY PGA TOUR WILL PAY TIGER WOODS FOR NOT JOINING LIV GOLF

After raising $3 billion in fundraising, the PGA Tour reportedly plans to reinvest the money into its top players — including Tiger Woods.

According to Joe Pompliano (via golf correspondent James Corrigan), the Tour will begin issuing equity payouts to some of its biggest names. With the top payouts projected to be Woods ($100 million), Rory McIlroy ($50 million), Jordan Spieth ($30 million) and Justin Thomas ($30 million).

As Pompliano notes:

These equity payments will vest over eight years, with 50% coming by year four, another 25% in year six, and the remaining 25% in year eight. ... These payments will help the PGA Tour retain talent by locking up big-name players with multi-year equity vesting agreements (like a startup would). ... And it could even expedite the PGA-LIV merger.

The PGA appears to be doing what it can to help level the playing field and potentially get some of the players that bolted for LIV to return to the Tour.

Despite his recent performances, Tiger remains one of the biggest draws in sports and his resume is unmatched when it comes to current-day golfers.

It also helps that he stayed loyal to the PGA in the face of cartoonish contract offers from LIV (rumored to be in the neighborhood of $800 million).

2024-04-24T15:33:36Z dg43tfdfdgfd