ATLANTA — The 30 gamers that are competing at the Tour Championship at East Lake that week are enjoying $45 million at FedEx Cup bonus money, with $15 million going to the winner.
And PGA Tour commissioner Jay Monahan stated Wednesday he expects no decrease in bags going forwards as the golfing circuit awakens the coronavirus pandemic without audiences for the near future.
Regardless of the earnings hit on the PGA Tour took because of this 13-week shutdown and monetary losses endured every week that the tour plays with enthusiasts, Monahan declared a solid 50-championship”super” program for the 2020-21 season that starts next week and finishes a year from today in the Tour Championship.
“We live in a world of doubt,” Monahan stated at East Lake Golf Club, site of the Tour Championship, which starts Friday. “However 30percent of the events we have not held. We’ve experienced a reduction this year. You examine the support we have had from our name sponsors, out of our championship organizations, that our players have created over $35 million to COVID-related charities.
“I am hopeful we are going to get through second year. We are likely to return to normal quickly, which puts us at a situation where we continue to the regular growth pattern that we are supposed to be about this season which sadly we’re unable to be on due to the events linked with COVID.”
The 13-week layoff, in character, was a pay cut for those players, who had been not able to play earn championship income during this time. Even though some occasions were rescheduled, roughly $80 million in prize money wasn’t paid out.
Meanwhile, the events which were played since the program restarted — in its 13th week –‘ve done so without audiences. That’s a massive financial hit on the neighborhood business groups, which have bills to pay. Though figures are unavailable, the PGA Tour is supplementing them they could cover their costs and make charitable gifts.
But that version can’t survive forever. Thus, in 3 months, the PGA Tour will restart having pro-ams in its events beginning with all the Corales Puntacana Resort & Club Championship at the Dominican Republic. (Korn Ferry Tour and PGA Tour Champions events happen to be having pro-ams.)
Amateurs frequently pay $5,000 or longer for its capability to be sprinkled with experts on the day prior to a tournament. Money raised through these occasions represents a considerable part of a championship’s income.
Purses are normally not influenced by local and ticket sponsorship revenue. The name sponsor and television rights charges pay prize money.
When audiences will have the ability to return remains undecided, Monahan said.
“Every championship is beginning to plan for several possible results, and planning towards the yield of that which we understand as ordinary, and that is fans on website,” Monahan said.
“But I am very pleased with this job the staff has done to rebuild our way up to this, and our championships are happy to reinstitute the pro-ams. It is obviously an essential revenue source and origin of link to the communities.
“If we feel as if it is safe to return fans outside, that is when fans will reunite. We owe to these, and we are encouraged locally in each market we perform , and that’s encouraged by the local government authorities.”
Included in this 2020-21 scheduled unveiled Wednesday, the Bermuda and Punta Cana occasions will then be complete FedEx Cup points championships with Experts invites visiting the winners.
The Arnold Palmer Invitational will proceed to the week following the WGC-Mexico Championship, followed by the Players Championship and the Honda Classic; the Valspar Championship will move to following the Experts and also be played the week until the Wells Fargo Championship; the 3M Open follows The Open, which is played at Royal St. George’s in Sandwich, England; and also the WGC-FedEx St. Jude Invitational at Memphis will accompany the Olympic men’s golf tournament.