Paying Excessive Rent

Sam Weinman reports that the PGA Tour and Westchester Country Club have come to an agreement where the venerable course will host the new FedEx "playoff" event four of the next six years.

And here's why the Tour execs get the big bucks...

For the club, there appears to be much to like about the deal. In it, the tour would pay the club $800,000 in years that it hosts the Classic, and $400,000 in years that the tournament is played elsewhere.

Since the two parties haven't determined whether the event will be held at Westchester three or four years, the total value of the six-year contract would be either $3.6 million or $4 million. That's compared to the current contract that was supposed to extend through 2010, in which the club would receive $500,000 a year over the next four years.

Wow, $800,000 for not hosting two events. When did Westchester CC become a charity?