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« Update On The Sheep Ranch And Bandon's Punchbowl Course | Main | Vijay Asked To Sign New PGA Tour Membership Agreement? »
Wednesday
Nov062013

PGA, Players Purses Swell To $10 Million In '14

The PGA Tour and PGA of America announced new joint initiatives Wednesday, perhaps finally putting to rest the apparent confusion of Vijay's attorney and the endless list of publications that still confuse the two organizations.

Oh, and they are raising purses for 2014 that will force the Masters and USGA to give players a bit more from their petty cash stashes.

For Immediate Release:

SEA ISLAND, GA (November 6, 2013) – PGA TOUR Commissioner Tim Finchem and PGA of America President Ted Bishop today announced a significant expansion in cooperative initiatives that benefit the membership of both organizations and help grow the game of golf.

Among them, Bishop said, is The PGA of America’s intention to increase the PGA Championship’s purse to $10 million, which will equal that of THE PLAYERS Championship as the highest in professional golf. This represents a $2 million increase over last season’s PGA Championship, while Finchem said THE PLAYERS’ purse will increase by $500,000 over 2013. In addition, the PGA TOUR will increase its longstanding support of the PGA Professional National Championship and various PGA Section Championships.

Appearing at a press conference during The McGladrey Classic at Sea Island Resort, Finchem and Bishop outlined a program aimed at highlighting the vital role of PGA of America Professionals in teaching and growing the game of golf:

·         A PR campaign that will include PSAs during PGA TOUR, Champions Tour and Web.com Tour telecasts; exposure on PGATOUR.COM; and features on Sirius/XM Radio’s PGA TOUR channel, and will focus on the efforts of PGA professionals in teaching and growing the game of golf;

Because we know how well those work!

·         A weekly segment on “Inside the PGA TOUR” shown on Golf Channel, featuring the  host PGA Professional’s knowledge of the competitive aspects of the tournament course;

·         PGA Professional presence at selected PGA TOUR events, commencing in 2014 with THE PLAYERS, the three domestic World Golf Championships, The Barclays, the TOUR Championship by Coca-Cola, the Northern Trust Open and The Presidents Cup, in which PGA Professionals will interact with fans in various ways, such as providing mini lessons and distributing information about golf instruction.

“We have always believed that working together with The PGA of America enhances efforts to grow the game and benefits the membership of both organizations,” Finchem said. “Today’s announcement reflects what regular communication between our organizations can accomplish, and we look forward to continuing discussions with Ted and The PGA of America regarding further opportunities.”

“The relationship between The PGA of America and the PGA TOUR has never been stronger for a variety of reasons,” said Bishop, 38th president of The PGA of America. “There have been a series of cooperative efforts  and today’s announcement is a further reflection that the essence of our relationship has been our ability to jointly do what is best for golf and our respective memberships. After all, PGA TOUR players are also members of The PGA of America.”

More interesting in this is the obvious bond built out of the PGA and PGA Tour's mutual disdain for the anchoring ban dating back to last winter. And what better way to annoy the USGA by asking them to give up a few more million dollars to players instead of to a hedge fund manager. The U.S. Open and Masters purses in 2013 were $8 million each.

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Reader Comments (21)

Will be interesting to see what the USGA does with its TV money skyrocketing...David Fay in Dec. GD suggests various ways for USGA to spread around its new wealth (Geoff, am surprised you have not commented/posted on this piece yet), but a big purse bump isn't one of them. Guessing they will keep up with the very top purse level of PGA, Players, etc., but not exceed it, as they so easily could.
11.6.2013 | Unregistered CommenterMedia driven
Can the PGA of America and the PGA Tour still allow anchoring as a local rule if they so choose?
11.6.2013 | Unregistered CommenterDTF
The PGA (of America | TOUR) can play by whatever rules they like. Allowing anchoring once the Rules of Golf prohibit it would not be permitted i.e., at that point the USGA/R&A would no longer consider that play was being conducted under the Rules of Golf.
11.6.2013 | Unregistered CommenterCarl Peterson
PGA certainly seems to be moving at a pretty interesting pace. Refreshing.
11.6.2013 | Unregistered CommenterTerry Malloy
well, sounds like they're gonna be paying abt $2 million more of it per year out to players, to match the PGA.....

Not sure why paying $10 million out is a good move for the PGA of America
11.6.2013 | Unregistered CommenterPonte
Thank you Tiger for making us all better in trying to catch you, which we all agree is futile. Keep winning 5 times a year and we can get purses to $20 million before you retire.
11.6.2013 | Unregistered CommenterTommyrogo
What an embarrassing waste of money. There's a real world out there, you know.
11.6.2013 | Unregistered CommenterRES
RES when the tournament comes around are you going to watch?
11.6.2013 | Unregistered CommenterNielson
Pure greed--the $2 M increase to $10 M. Does anyone remember the Tour's old motto: "Remember, the big winner is charity".
The Masters and Opens could send a message by reducing purses from $8 M to $7, but don't hold your belly putter past '16!
11.6.2013 | Unregistered Commenterno turtle
Bevaqua and Bishop certainly seem to be getting things done...quite a busy few months. It's good for golf and certainly for the PGA of America.
11.6.2013 | Unregistered CommenterGreenwichGolfer
The Masters and the two Opens. That's it. Raise the purses to 100 million and it'll still be a side show.
11.6.2013 | Unregistered Commenterhighside
The USGA and Augusta should announce they are raising their purses by 2 million...but that the extra money will be paid to players in the form of a donation to the charity of their choice!
11.6.2013 | Unregistered CommenterSteve
To me this appears to be a money exchange from the Two associations to benefit each others members under a sponsorship agreement. PGA ups purse for tour players, The Tour matches it in their sponsorship agreement for club pros plus all of the extra media exposure for the PGA. If this is the case, well done on both parties. Not sure if the Tour would match dollar for dollar unless their was more in it for them....hmmmm
11.6.2013 | Unregistered CommenterBozemangolf
I haven't quite figured out how this is "good for golf." This impacts no one except the 156 players, their caddies and their accountants. If the PGA of America believes this is the best way to spend $2 million, that's its choice. Are people going to hear some PSA on a radio broadcast and say to themselves, "I should go take a lesson from that guy?" I doubt it.
11.7.2013 | Unregistered Commenterrgw
Tiger's fault again.
11.7.2013 | Unregistered CommenterStanley Thompson
The average NBA player makes over $5 million/year, with role players routinely making more than $10 million. MLB players average over $3 million. I have no problem with the money pro golfers make.
11.7.2013 | Unregistered CommenterBrianS
I think an argument could be made that by ensuring/elevating the quality of the PGA Championship - through both an increased purse & other innovative ideas currently being discussed - the PGA of America ensures a major revenue stream generated by the PGA Championship. A revenue stream that is directly reinvested back into growing the game & supporting PGA Professional membership. Hardly throwing good money after bad.

Plus the fact that they get a little tit-for-tat in promotion & club Professional tournament sponsorship is icing on the cake.
11.7.2013 | Unregistered Commentercrwls
Bishop sure seems to like being in the spotlight.
11.7.2013 | Unregistered CommenterMedia driven
I will watch the tournament, of course. As to elevating the PGA Championship's status by increasing the purse -- nobody skips the PGA because of the purse. It has the most Top 100 players in the OWGR of any tournament every year. Adding more to the money grab has no effect on that. In fact, the golfers would play a major if the purse were 1 million dollars.

As for how much money pro golfers make, I have no problem with it. But the fact is, they make plenty of money, and the threshold for increasing that number should be high. That money could have been used for myriad other projects, golf or otherwise, that would have bettered the game or bettered the world. Rehabbing a course in a distressed area and opening it up to kids, for instance, or a golf-for-grades program, where good grades in school could be used as a gateway to free golf equipment or lessons or greens fees. And even if the PGA already does this, they could have done it to the tune of $2M more. Hell, it would even be better to just drop it out of a helicopter in a mall parking lot. Or into my backyard.

Point is, there is absolutely no rhyme or reason to increasing an already absurd purse to an even more absurd number. I think it is an embarrassment and makes the stewards of the game seem even more small-minded and self-serving than they already do.
11.7.2013 | Unregistered CommenterRES
"...there is absolutely no rhyme or reason to increasing an already absurd purse to an even more absurd number."

Out of curiosity, at what number did the purse become absurd? Just curious where other peoples goal post are...
11.7.2013 | Unregistered CommenterDTF
YO yo yo yo. It's young Blash up in here. looking for a good ole smashin in bum. Lil ting tang in the bing bang. I love the ole 9 iron snatch in the golden taint. Pop pop pop opp popopopopopop tin tin tin ting tang clangity clang.
11.8.2013 | Unregistered CommenterBlash

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