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re: They need to give Ricky 100m for not leaving, frick Rory…
Posted on 4/28/24 at 10:55 am to oVo
Posted on 4/28/24 at 10:55 am to oVo
Assuming you’re talking about the reported $ players will receive for staying with PGA Tour…. They’re only receiving that much in “equity” of the new PGA Tour Enterprises, it’s not a cash payout.
Tiger $100M
Rory $50M
Spieth $30M
Justin Thomas $30M
Phil would have been 2nd in $ behind Tiger if he would have stayed
Tiger $100M
Rory $50M
Spieth $30M
Justin Thomas $30M
quote:
Fifty percent of the money will be vested after four years on Tour. Another 25 percent will be added two years after that and all 100 percent will be vested after eight years. There are a number of factors that determined a players’ worth. Chief among them are the ‘career points’ and how players have fared through the Player Impact Program (PIP). The former is a model that looks at career achievements through the lens of longevity.
Phil would have been 2nd in $ behind Tiger if he would have stayed
2
Posted on 4/28/24 at 11:01 am to JimTiger72
quote:
The PGA Tour said in a February memo that $930 million in total equity will be distributed to 193 members, per ESPN's Mark Schlabach.
quote:
For now, the 34 top players under Woods and McIlroy will share $75 million in equity. The next 64 players will share $75 million based on their performance over the last three years; 57 golfers holding fully exempt PGA Tour status will split $30 million; and 36 golfers who were "instrumental in building the modern PGA Tour" will divide $75 million in equity, Schlabach reported.
I don’t think that quite adds up to $930M so some of the numbers are probably off. Seems like the 75M to the next top 34 is definitely too small if Spieth & Thomas are getting 30M each
This post was edited on 4/28/24 at 11:03 am
Posted on 5/2/24 at 6:36 pm to JimTiger72
quote:
Phil would have been 2nd in $ behind Tiger if he would have stayed
Phil leaving made them the money.
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