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re: Did Taylor Gooch get fired from the 4 Aces team?

Posted on 2/27/23 at 3:14 pm to
Posted by bamameister
Right here, right now
Member since May 2016
14338 posts
Posted on 2/27/23 at 3:14 pm to
quote:

In the 4 events he's played in since the new year he's had three top 3 finishes and is top 10 in Strokes Gained. He's playing great golf right now.



Good for him. When he does it against the big boys it will matter more. Just like the winner of the Puerto Rico Open doesn't get a lot of love.
Posted by Shankapotamous
Member since Dec 2014
298 posts
Posted on 2/27/23 at 3:18 pm to
Charles Howell won 3 times in 609 starts on the real Tour, I think he's the one that should be glad all the good players weren't there.
Posted by lsufball19
Franklin, TN
Member since Sep 2008
65034 posts
Posted on 2/27/23 at 3:54 pm to
quote:

Charles Howell won 3 times in 609 starts on the real Tour, I think he's the one that should be glad all the good players weren't there.

Agreed and he was the poster child of someone who made sense to leave for LIV.

- 3 career wins, last win nearly 5 years ago
- early 40s, window to compete on PGA closing, if not closed
- 2 young children
- was #125 on the money list so just doing enough to keep his status and battling to keep it every year

He had a very similar situation as Pat Perez. I don’t blame either of them for taking the guaranteed money.
This post was edited on 2/27/23 at 4:10 pm
Posted by bamameister
Right here, right now
Member since May 2016
14338 posts
Posted on 2/27/23 at 4:18 pm to
quote:

Agreed and he was the poster child of someone who made sense to leave for LIV.

- 3 career wins, last win nearly 5 years ago
- early 40s, window to compete on PGA closing
- 2 young children
- was #125 on the money list so just doing enough to keep his status

He had a very similar situation as Pat Perez. I don’t blame either of them for taking the guaranteed money.



True enough, he may fit into that pattern. But there are many patterns that fit just as well. Like Cam Smith, who was ranked #2 in the world and just won the British Open.

But there are also many more, just like Charles Howell, on the PGA tour now, who didn't leave.


It's been my observation, at this point, that the guys playing on the LIV tour look just like the guys playing the PGA tour.

That is why Jay Monahan had to get the bleeding stopped. He could only fight free with fire. That is why last week's prize money was 3.6 mil to the winner in a 20 million purse.

So many complained that the PGA couldn't compete against LIV financially, and Monahan cried about being just a charitable organization. And just look at the poor,tax-exempted PGA now. Look at the size of these purses. It's a miracle, my friends, a freakin' miracle.
Posted by Shankapotamous
Member since Dec 2014
298 posts
Posted on 2/28/23 at 8:21 am to
How much money has LIV donated to charity? The PGA tour has done more than any other professional league in that regard. I'm not saying the PGA tour was perfect, far from it, but in a eye test against the shark and the Saudi's they are definitely the lesser of two evils.
Posted by bamameister
Right here, right now
Member since May 2016
14338 posts
Posted on 2/28/23 at 11:04 am to
quote:

How much money has LIV donated to charity? The PGA tour has done more than any other professional league in that regard. I'm not saying the PGA tour was perfect, far from it, but in a eye test against the shark and the Saudi's they are definitely the lesser of two evils.


Nonsense. The players have known for decades that the PGA was not sharing billions of dollars in profits and they were not all going to charities. All of a sudden, due to the mass exodus of players leaving for LIV, they almost double the prize money and shorten the season overnight.

And who owns a billion-dollar pro-sports business these days and doesn't have to pay one red cent to the federal government? Under those circumstances, paying off a few charities is the least the PGA could do.

There have been many an article that has been written about how much money the PGA actually gives to these charities compared to the money they are racking in. For example:

"The short answer is that the bulk of the PGA Tour’s money does not appear to be going to charity, despite the fact that the organization promotes its charitable giving as “a centerpiece of its golf events, tournament telecasts, and website,” as CNN points out in an article exploring the PGA Tour’s giving.

"Instead, the PGA Tour has been spending the lion’s share of its money on things like lobbying, executive compensation, administrative costs, and promotion of the PGA Tour and its events between 2014 and 2018, according to a review of the most recent, publicly available tax filings by the organization."


This is despite the fact that the PGA Tour claims to be committed to “generating substantial charitable contributions in the communities where its tours are played.” In fact, most of the PGA Tour’s charitable contributions are actually raised and dispersed by local non-profit organizations that help oversee and manage individual tournaments that the PGA Tour sponsors.

For example, the Thunderbirds Charities is a non-profit organization formed in 1986 for the express purpose of raising and distributing funds via a tournament called the Waste Management Phoenix Open. The group raised $4 million for charity in 2021. But aside from providing a platform for fundraising, the Tour itself has almost nothing to do with the tournaments’ charitable efforts.

The Tour only made direct charitable contributions of $42.7 million in 2018, which is a paltry 3% of their $1.47 billion in revenue. While the Tour publicly takes credit for $190 million in charity, that inflated number reflects the total given by the tour and the local non-profits that put on the tournaments.

A 2013 ESPN investigation into the Tour’s charitable giving and tax-exempt status found that the local non-profits charged by the Tour to do the actual fundraising weren’t living up to their missions either. It found that those local organizations typically gave an average of 16% of their tournament revenues to local charities, with the rest going to prizes and promotional costs. ESPN even found that the Thunderbirds paid over $650,000 of the money raised back to Waste Management – the tournament sponsor – for trash removal at the event.

Meanwhile, PGA Tour executives are being handsomely compensated. According to the most recent compensation figures that all nonprofits must disclose, PGA Tour commissioner Jay Monahan collected $7.4 million in compensation in 2018. Monahan earned more than all but four of his own players that year.

The Tour also had enough left over to pay outgoing chief operating officer Ed Moorhouse another $7.4 million when he retired that year while shelling out $817,000 to former commissioner Tim Finchem (even though Finchem retired from the PGA Tour in 2016).

LINK #!





Posted by lsufball19
Franklin, TN
Member since Sep 2008
65034 posts
Posted on 2/28/23 at 12:06 pm to
quote:

It found that those local organizations typically gave an average of 16% of their tournament revenues to local charities, with the rest going to prizes and promotional costs. ESPN even found that the Thunderbirds paid over $650,000 of the money raised back to Waste Management – the tournament sponsor – for trash removal at the event.

It's almost like puting on a 4 day sporting event is expensive. 16% doesn't sound like a small number to me. I'd like to see a breakdown of their expenses before coming to the conclusion that giving 16% if their revenue was a paltry number. And given what we've seen from the WMO, $650k doesn't sound like a small number. I've seen normal people pay several grand on dumpster filling/collecting fees for a residence. Now do the math for a golf tournament with a couple hundred thousand spectators over 4 days.

quote:

Meanwhile, PGA Tour executives are being handsomely compensated. According to the most recent compensation figures that all nonprofits must disclose, PGA Tour commissioner Jay Monahan collected $7.4 million in compensation in 2018. Monahan earned more than all but four of his own players that year.

Might want to look into how much commissioners and execs in other sports leagues are making. Monahan makes less than basically all of them. That's about 10% of what Roger Goodell makes, for instance. And Goodell makes more than every single player in the NFL to the tune of 64 million/year. The head of a multi-billion dollar enterprise making 7 million/year shouldn't be surprising to anyone
quote:

The Tour also had enough left over to pay outgoing chief operating officer Ed Moorhouse another $7.4 million when he retired that year while shelling out $817,000 to former commissioner Tim Finchem (even though Finchem retired from the PGA Tour in 2016).

Moorehouse worked for the PGA Tour for over 30 years. I'm assuming he earned some sort of retirement package like most people have with their employers. Those packages are going to be bigger for those who earn more money

That entire post covers revenues but doesn't even address actual expenses. That's a pretty significant omission if we are to develop opinions on the matter
This post was edited on 2/28/23 at 12:19 pm
Posted by bamameister
Right here, right now
Member since May 2016
14338 posts
Posted on 2/28/23 at 12:31 pm to
quote:

It's almost like puting on a 4 day sporting event is expensive. 16% doesn't sound like a small number to me. I'd like to see a breakdown of their expenses before coming to the conclusion that giving 16% if their revenue was a paltry number. And given what we've seen from the WMO, $650k doesn't sound like a small number. I've seen normal people pay several grand on dumpster filling/collecting fees for a residence. Now do the math for a golf tournament with a couple hundred thousand spectators over 4 days.


And you just watched the PGA tour more than double their prize money overnight to the pro golfers. That money was always there. But they weren't sharing until they had to.

Here's how it works: Take the FedEx St. Jude Classic in Memphis, Tenn. A nonprofit by the name of Youth Programs Inc. was formed in 1960 as a 501(c)(3) organization, which is the same public charity category as your local humane society, cancer research fundraising group, homeless shelter or Boys & Girls Clubs.

On its publicly available IRS form, the purpose of Youth Programs Inc. is to "host an annual professional PGA Tour sports event for the benefit of charitable organizations." In 2011, it made $15.3 million, about 89 percent of that from the golf tournament. It spent $15.3 million, which included about $6 million in prize money for the golfers and $5 million in TV promotion. It spent close to $1 million on tournament production and $500,000 on food and beverages, most likely at a discount because Youth Programs is also exempt from paying sales tax in Tennessee.

The amount actually spent on charity -- the money given to St. Jude's -- was $1.5 million, or 10 percent of tournament expenses. Only $253,742 of that was actual cash to the research hospital. The rest went to St. Jude ads aired during the televised tournament, pro-am entry fees, and air travel for celebrities.

Youth Programs Inc. president Jack Sammons declined a request for an interview.

Twenty-five of the tournaments on the primary PGA Tour circuit are arranged as 501(c)(3) public charities or private foundations, although not all of them account for tournament expenses in the same way. (The rest are either not run by a nonprofit, take place outside the United States, or are run directly by the PGA Tour.) IRS rules loosely dictate how the money raised has to be spent, but charity watchdog groups have set standards to determine what a responsible charity is, and Charity Navigator says -- at a minimum -- 65 percent of the money raised should be spent on providing actual charity.

The 501(c)(3) PGA tournaments average about 16 percent.
Posted by Shankapotamous
Member since Dec 2014
298 posts
Posted on 2/28/23 at 1:01 pm to
16 percent is still better than the 0 percent LIV is contributing.
Posted by lsufball19
Franklin, TN
Member since Sep 2008
65034 posts
Posted on 2/28/23 at 1:04 pm to
quote:

And you just watched the PGA tour more than double their prize money overnight to the pro golfers.

I also just watched the PGA Tour negotiate new TV and digital rights deals that didn't go into effect until 2022
quote:

The amount actually spent on charity -- the money given to St. Jude's -- was $1.5 million, or 10 percent of tournament expenses. Only $253,742 of that was actual cash to the research hospital. The rest went to St. Jude ads aired during the televised tournament, pro-am entry fees, and air travel for celebrities.

So, they should give less to the charitable orgs and even more to the players? Sounds like they gave a sizeable portion of their net revenues to charity. And how much money did the St Jude promotions affect their donations? You know, how advertising works? Spend money to make more money.

The problem here is you say they spent X amount on advertising the charity and leave out the part about those advertising dollars being spent to get more people to donate money. That also doesn't show me how the PGA is hoarding money somewhere. How exactly does it benefit the Tour's coffers to spend money advertising for a charity? Maybe I'll help you here

quote:

During a preview event at TPC Southwind today, FedEx St. Jude Championship tournament officials announced a charitable impact figure of over $8.6 million was generated for the St. Jude Children’s Research Hospital from the 2021 World Golf Championships-FedEx St. Jude Invitational.


and then there's this
quote:

“St. Jude also gets other pass-through benefits like television exposure this week on TV, countless mentions in newspapers across America. The title sponsorship on the PGA tour routinely goes for $8 to $10 million a year, and St. Jude has the benefit of being in our title for free.
This post was edited on 2/28/23 at 1:05 pm
Posted by lsufball19
Franklin, TN
Member since Sep 2008
65034 posts
Posted on 2/28/23 at 1:14 pm to
quote:

charity watchdog groups have set standards to determine what a responsible charity is, and Charity Navigator says -- at a minimum -- 65 percent of the money raised should be spent on providing actual charity.


I guess we should just take their opinion at face value. Charity Navigator is also a 501(c)(3). Charity Navigator in 2021 filed returns claiming $5,855,509 in gross revenues and $4,183,209 in expenses. Their CEO makes a salary equal to ~4% of their gross revenue (Monahan's is about .01% of the Tour's). So doesn't look like they're donating 65% of their revenues to charity either. Weird
Posted by RedHawk
Baton Rouge
Member since Aug 2007
8854 posts
Posted on 2/28/23 at 2:20 pm to
quote:

I also just watched the PGA Tour negotiate new TV and digital rights deals that didn't go into effect until 2022


Why is this always ignored when bringing up the sudden boost in PGA purses?
Posted by LMfan
Member since Aug 2014
5145 posts
Posted on 3/2/23 at 4:17 pm to
quote:

But off-hand, I think it's good for Kirk that all the best PGA players were doing something else this weekend.


Just fired a 67 R1 at Bay Hill, sitting 2nd behind Rahm among a fully loaded Elevated Event field.

6th in strokes gained for 2023.

One of the best stories in golf at the moment.
Posted by MikeD
Baton Rouge
Member since Jan 2004
7274 posts
Posted on 3/2/23 at 10:27 pm to
quote:

. All of a sudden, due to the mass exodus of players leaving for LIV, they almost double the prize money and shorten the season overnight.


New TV money will do that.
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