PGA Tour Plans To Introduce Three No Cut Tournaments With Purses Of Up To $25 Million To Compete With LIV
According to ESPN, the PGA Tour aims to implement a revised calendar with at least eight existing flagship events with prizes of at least $20 million and three additional events in a worldwide golf miniseries with no cuts, restricted fields, and purses of at least $25 million.
ESPN reports that the tournaments would not have anchor locations and would roam about like major championships.
This comes after Brooks Koepka reportedly decided to leave the tour for LIV Invitational Series. LIV has now signed eight of the top 50 golfers in the world.
According to Golf Digests Daniel Rapaport, one change communicated to PGA Tour players in the meeting this morning was that the fall season will look totally different starting in 2023.
Rapaport reported that the Top 50 in the FedEx Cup will play in bonus events and the rest of tour will be playing for priority numbers/to keep their cards.
A PGA Tour player who was in the recent PGA meeting reportedly told ESPN, “That’s the most engaged I’ve ever seen the membership.”
LIV Golf’s main financier is Saudi Arabia’s Public Investment Fund, and it is reportedly worth more than $600 billion, according to ESPN.