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re: Tyrell Hatton has signed with LIV Tour and joins Rahm’s team.
Posted on 1/29/24 at 12:16 pm to theone
Posted on 1/29/24 at 12:16 pm to theone
quote:
Saying Hatton isn’t worth the money is odd. What do the top 20 players in every other sport get? More than that over given number of years. Or is it less? How doesn’t it stack up? I still think the PiF is valuing this as a league and players are just puzzle pieces. They believe the price of those pieces will start to go down as market share increases.
I think about it the same way.
Rahm for 300 million is solidifying them as a league. His signing will be what leads to then getting ranking points and being able to compete in Ryder cup.
0
Posted on 1/29/24 at 12:23 pm to generalgator87
quote:
Not enough is talked about how the Euro/DP World Tour really screwed up by not siding with LIV from the outset of all this.
Seems like all of that should get straightened out in the next year if the PIF/PGA merger goes through.
I find it kind of funny that the “Saudi-golf rebels” get kicked off the DP Tour & “they’ll lose all their sponsorship deals if they join LIV”, but LIV golfers have been playing in events with sponsor exemptions. Stinger GC won 4 DP events last year
This post was edited on 1/29/24 at 12:24 pm
Posted on 1/29/24 at 12:23 pm to lsupride87
quote:
Apparently they paid him 50 million. 50 million for Hatton is wild
It is. He's a good golfer and adds more quality depth to their fields which was one of the biggest gripes.
But he ain't worth 50 million. But they clearly don't care. At this point, all of these moves are just moves that are forcing the PGA Tours hand. Over paying for guys and showing that they don't care what it takes to steal guys is just bullying the PGA Tour into making a deal.
Posted on 1/29/24 at 12:25 pm to The Pirate King
quote:
The PGA LIV deal is going to close soon.
Is it actually going to go through? I read a few days ago that the PGA informed LIV they were going to have a big announcement today which to me sounded like there wasn't a deal in place.
What I could see happening is the PIF buying the DPWT and merging it in with LIV and PE buying the PGA.
Also remember the President of the DPWT (Keith Pelley) announced he is leaving in April and there has been zero movement in finding a replacement for him in the press. I could see the Asian Tour being rolled into the DPWT and LIV/PIF controlling everything while the PGA focuses on the US only.
This post was edited on 1/29/24 at 12:32 pm
Posted on 1/29/24 at 12:27 pm to MrLSU
quote:
Is it actually going to go through?
No one knows. Especially here.
Posted on 1/29/24 at 12:28 pm to BenDover
quote:
Giving Monahan credit for only losing 2 players is asinine. He's already lost a large number of top golfers, there's only about 3-4 left that he hasn't already lost. The fact that he still has a job right now is bizarre.
I'm a hardcore golf watcher so I'm not exactly the target audience for the PGA. But the Farmer's field was noticeably thin AF and I'm starting to lose interest week to week. The majors are going to end up being the last game in town for stacked tournaments talent wise. It's sad and hard to watch these guys all bail but I don't blame them.
Posted on 1/29/24 at 12:29 pm to MrLSU
quote:
Is it actually going to go through?
I’ve read reports that they are getting close. PGA’s big announcement was probably going to be about the deal with Strategic Sports Group
Posted on 1/29/24 at 12:38 pm to JimTiger72
quote:
PGA’s big announcement was probably going to be about the deal with Strategic Sports Group
Up to a $3 billion dollar deal with Private Equity firm, Strategic Sports Group. LIV Golf is not part of the initial Tour Investment vehicle.
This leads me to believe the PIF is taking over the DPWT and here is an article that just came out which adds to my speculation. BBC "PGA Tour and DP World Tour's strategic alliance lacks European involvement at board level"
Posted on 1/29/24 at 12:48 pm to MrLSU
Nah, things can change but everything I’ve read says SSG/PGA Tour/PIF will all be a part of the new “for profit” company called PGA Tour Enterprises & Al-Rumayyan will be the boss.
Im not sure how all of that works for the PGA Tour, DP Tour, & LIV.
Im not sure how all of that works for the PGA Tour, DP Tour, & LIV.
Posted on 1/29/24 at 1:13 pm to JimTiger72
quote:
Nah, things can change but everything I’ve read says SSG/PGA Tour/PIF will all be a part of the new “for profit” company called PGA Tour Enterprises & Al-Rumayyan will be the boss.
I don't think the DOJ/FTC's Anti-trust division will allow that to happen.
Posted on 1/29/24 at 1:16 pm to BenDover
quote:
He's already lost a large number of top golfers, there's only about 3-4 left that he hasn't already lost.
Blaming Monahan for this isn't entirely fair because LIV can just throw astronomical numbers at players who would never be worth that much in a league that didn't have unlimited funds.
On top of that, cmon. You can't say there's only 3-4 players that are still on the Tour. You know that's ridiculous.
Posted on 1/29/24 at 2:05 pm to Dawgsontop34
Jay absolutely deserves majority of the blame for the initial wave of players leaving. Phil called his bluff & got all the player’s more $.
Jay deserves some credit for holding it together this time because it could have gone a lot worse for the PGA. Losing Rahm was a big loss, but they’re only losing 4 PGA players total & 1 of the top 10 - It could’ve been multiple
Jay deserves some credit for holding it together this time because it could have gone a lot worse for the PGA. Losing Rahm was a big loss, but they’re only losing 4 PGA players total & 1 of the top 10 - It could’ve been multiple
Posted on 1/29/24 at 2:14 pm to lsupride87
How many years is that for? Other sports 10 million year is the norm. Top players realize they’ve been getting screwed for years with money going other places.
Posted on 1/29/24 at 2:18 pm to tiger626
Other sports players are paid guaranteed money by teams, not laid by the league. Golfers have the opportunity to bring their money in by winning
Go ahead and look at the percentage of profit golfers make compared to other sports and see if golfers were getting “robbed” as you say
Trying to make the argument Hatton “deserves” this based on the economics of golf is absolutely absurd
When the chiefs pay Mahomes 100s of millions, it makes sense because the value of their organization makes more money than what they spend
If PIF didn’t exist, you couldn’t pay Hatton this money because the return revenue doesn’t exist
Go ahead and look at the percentage of profit golfers make compared to other sports and see if golfers were getting “robbed” as you say
Trying to make the argument Hatton “deserves” this based on the economics of golf is absolutely absurd
When the chiefs pay Mahomes 100s of millions, it makes sense because the value of their organization makes more money than what they spend
If PIF didn’t exist, you couldn’t pay Hatton this money because the return revenue doesn’t exist
This post was edited on 1/29/24 at 2:23 pm
Posted on 1/29/24 at 2:33 pm to lsupride87
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?
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
Posted on 1/29/24 at 3:22 pm to JimTiger72
quote:
Jay absolutely deserves majority of the blame for the initial wave of players leaving. Phil called his bluff & got all the player’s more $. Jay deserves some credit for holding it together this time because it could have gone a lot worse for the PGA. Losing Rahm was a big loss, but they’re only losing 4 PGA players total & 1 of the top 10 - It could’ve been multiple
Agree with all of this for the most part. I was moreso saying he doesn’t really deserve the blame for the most recent people leaving. There’s no way for him to compete with unlimited cash. If the PIF did the same thing for tennis, the ATP couldn’t really compete with that (I’m sure Pride will correct me if I’m wrong).
I think the Tour should have absolutely looked for other revenue sources early on when the PIF was starting to come together, but most people have some dollar amount that they’ll leave for.
Posted on 1/29/24 at 4:34 pm to wutangfinancial
quote:
Farmer's field was noticeably thin AF and I'm starting to lose interest week to week
Aberg, Xander, Finau, Hideki, Homa, Zalatoris, Lowry, Cantlay, Theegala, Im, Morikawa, Day, Straka, Keegan
8 of the top 20 players in owgr isn't a thin AF field
Posted on 1/29/24 at 5:03 pm to icegator337
quote:
8 of the top 20 players in owgr isn't a thin AF field
Thanks for proving my point. 12/20 top players weren't there. Including 1-4, and 8-10.
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