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re: Tyrell Hatton has signed with LIV Tour and joins Rahm’s team.
Posted on 1/29/24 at 2:55 pm to tiger626
Posted on 1/29/24 at 2:55 pm to tiger626
quote:Roughly 55% went to the players in the form of purse and benefits on average. Year below shows 48% just from purse and retirement
Investment into building a league. The NFL salary cap is made up of 50% of the revenue are you saying 50% of the money brought in by the PGA tour is going to the purse?
Sample year
In 2021, the PGA Tour, Inc reported total revenue of $1.6 billion, most of which came from 5 sources:
Media Rights ($583 million)
Sponsorship ($352 million)
Royalties ($240 million)
Investment Income and Gains ($204 million)
Tournament Management ($152 million)
Expenses totaled $1.6 billion with expenses categorized as follows:
$596 million (38% of revenue): Fees for Services (primarily player prize and other benefits)
$276 million (18% of revenue): TV Production and Broadcasting
$181 million (12% 0f revenue): Compensation
$154 million (10% of revenue): Player Retirement Earnings
$ 99 million (6% of revenue): Tournament Allocations
$ 84 million (5% of revenue): Interest and Other Expenses (no detail provided)
$ 76 million (5% of revenue): Office-Related Expenses and Equipment Maintenance
$ 44 million (3% of revenue): Grants
$ 25 million (2% of revenue): Travel and Conferences
$ 18 million (1% of revenue): Advertising and Promotion
This post was edited on 1/29/24 at 2:59 pm
Posted on 1/29/24 at 3:13 pm to lsupride87
A big thing left out is what is made at the tournaments from spectators and local sponsors. The new for profit entity will cease to allow a group to run the tournaments and take all those profits for “charity.” Revenue made from gameday operations does go into the nfl salary cap number
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