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PGA Tour is boosting bonuses, prize money for stars; FedEx Cup jumps to $75 million

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The rich are going to be getting a lot richer on the PGA Tour.

Player bonuses will see a huge increase in 2022, with prize money at limited-field events also boosted significantly, Golfweek can reveal.

The Tour’s most lucrative cash grab—the FedEx Cup bonus pool—will lavish even more money on top players, jumping to $75 million from $60 million last season. A source with knowledge of the changes confirmed that the next FedEx Cup champion will receive $18 million. Patrick Cantlay won $15 million for his victory in August.

Other bonus schemes designed to reward elite players will also see sharp increases in ‘22. The controversial Player Impact Program, the existence of which was revealed by Golfweek in April, grows to $50 million from $40 million. The PIP uses a variety of metrics to determine which players most drive fan engagement and in its first year will award the most impactful player $8 million.

The Comcast Business Tour Top 10—which bonuses top-performing players at the end of the regular season and before the FedEx Cup playoffs—will double its riches to $20 million. The Tour has also created a new bonus scheme from which most members stand to gain. The Play15 program will give $50,000 to every player who makes at least 15 starts.

Details of the increased bonuses and purses are outlined in a memo sent to players Monday afternoon by PGA Tour commissioner Jay Monahan, a copy of which has been obtained by Golfweek. A spokesperson for the Tour confirmed the veracity of the memo but declined to comment further until it had been reviewed by members.

Monahan’s memo outlines which events will see prize fund boosts, and all are limited-field tournaments that typically draw golf’s superstars. Prize money at the first two playoff events—the FedEx St. Jude Invitational and the BMW Championship—will jump from $11.5 million to $15 million.

The three player-affiliated stops will also see gains. The Genesis Invitational (hosted by Tiger Woods), the Arnold…

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Source : yahoo

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