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The financial insanity at the very top of men’s professional golf shows no sign of slowing down with news that the PGA Tour’s FedEx Cup champion will receive $25million next year.
The US-based circuit has revealed a number of changes to its schedule and make-up for next season as it prepares for the first of this year’s FedEx Cup Playoff events this week.
The shake-up includes an increase in bonus money for the winner of its FedEx Cup, up from $18million this year to an eye-watering $25million next year.
Other changes include the elevation of the AT&T Pebble Beach Pro-Am to ‘Signature Event’ status, one of eight such tournaments on the schedule.
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The three player-hosted invitationals – The Genesis Invitational, Arnold Palmer Invitational and the Memorial Tournament – will feature a 36-hole cut for the top-50 and ties and any player within ten shots of the lead, as well as a redistribution of prize money that allocates 20% to the winner ($4million), up from 18%.
The remaining five ‘Signature Events’ – the Sentry Tournament of Champions, AT&T Pebble Beach Pro-Am and RBC Heritage, as well as the Wells Fargo Championship and Travelers Championship – will not have a cut and will continue to allocate 18% to the winner.
All told, the 2024 FedEx Cup Regular Season, consists of 36 events and begins in January with the “Opening Drive” at The Sentry and Sony Open in Hawaii.
The Wyndham Championship will once again serve as the culmination of the Regular Season, with only 70 players advancing to the FedExCup Playoffs.
The Regular Season schedule includes the 50th playing of The PLAYERS Championship and the four major championships, eight Signature Events (referred to as “Designated events” in 2023), 18 full-field events and five additional events.
Announcing the changes, PGA Tour commissioner Jay Monahan said: “We are excited about the roll-out of the PGA Tour’s reimagined schedule and what the season will offer to our fans: a January start with stars competing head-to-head more often, alongside the weekly drama of life-altering moments and the emergence of new stars.
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“While winning on the PGA Tour continues to be the ultimate – and most difficult – challenge, we have further connected every tournament, with more at stake each week.
“From The Sentry through the FedEx Cup Playoffs and into the soon-to-be-announced FedEx Cup Fall, this new cadence will create consistent excitement for our fans and reward players like never before.
“We are grateful to the membership – especially the Player Directors and Player Advisory Council – as well as our tournaments and partners for the collaboration that has set us up for an exciting 2024.”
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