PGA Tour offers cash advances to players amid corona crisis

Pga Tour

The PGA Tour is offering cash advances to players to make up for the loss of earnings caused by the coronavirus pandemic.

There has been no play on the world’s most lucrative golf circuit since THE PLAYERS Championship was cancelled on March 12 in response to the rapidly-spreading disease. 

All subsequent tournaments through to and including the US PGA Championship at TPC Harding Park have either been suspended or cancelled, affecting a total of 11 tournaments on the schedule and wiping almost $75m off the schedule.

• Ex Ryder Cup captain's house destroyed by blaze

• Top club "might not survive" corona crisis

• Introducing bunkered's 'School of Golf'

The earliest play could resume is May 21, with the opening round of the Charles Schwab Challenge at Colonial. However, there are no guarantees that will happen.

As a result, the tour has taken measures to look after its members.

One of those includes the option – based upon their current FedEx Cup ranking – to receive up to $100,000 of bonus earnings that will be removed from their season-ending bonuses once play resumes.

WATCH - DUMBARNIE LINKS... THE FIRST REVIEW!

They will also be able to request advances on future earnings and up to $30,000 in advance earnings for future Monday pro-am spots. The process for players to withdraw funds from their retirement plans will also be expedited.

In a memo sent to players on Friday, Tyler Dennis, the tour’s chief of operations, wrote: “Playing opportunities equate to financial opportunities, and we are concerned about the toll that cancelled tournaments are having on some of our members.”

• Can UK greenkeepers still go to work? 

• BLOG - A perspective on golf in times of pause

Through the first 22 completed events, 50 players have each earned over $1million on the tour this season. The average earnings of the top 100 is $1.29m and $780,000 for the top 200. All told, 210 players have earned more than the median household income in the United States ($56,516) so far this season.

Caddies are also able to request support, with the tour allowing for a partial distribution of an endorsement programme. The Caddie Benevolent Fund will also be accepting requests.

Share this Article

share-logo
twitter-logo facebook-logo

Latest Videos See all videos right arrow

play button
EVERYTHING YOU EVER WANTED TO KNOW ABOUT SCOTTY CAMERON PUTTERS (2020)
Scotty Cameron
play button
OLD DRIVER VS NEW DRIVER - TaylorMade SIM vs TaylorMade Original One
TaylorMade
play button
PUTTER BATTLE! Odyssey Stroke Lab Triple Track Ten - VS - TaylorMade Spider X
Odyssey Triple Track
play button
THE BEST LOOKING NEW CLUB I'VE SEEN IN 2020 - BUT WHAT IS IT?
Ping
See all videos right arrow

Golf News

"It could host The Open right now" - Dumbarnie Links opens to rave reviews
WATCH - Scots golfer suffers first tee nightmare on return to the course
David Snodgrass takes the reins at Crail
Glasgow golfers make renewed plea to save courses
Robert MacIntyre to reopen course alongside COVID-19 survivor

Other Top Stories

Tiger Woods puts new irons in the bag
New Fife golf course gets go ahead
REVIEW - Adare Manor, Ireland's rejuvenated masterpiece
Win a spot in the ASI Scottish Open Pro-Am with Hilton
Padraig Harrington targets 2020 Ryder Cup captaincy

Quick Fault 'n' Fixes See all videos right arrow

play button
Make your backswing steeper
Watch
play button
Keep the body and arms connected
Watch
play button
How to hit a fade
Watch
play button
Make your swing arc wider
Watch
See all videos right arrow