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re: Sounds like Brooks Koepka is joining LIV

Posted on 6/22/22 at 3:18 pm to
Posted by SoDakHawk
South Dakota
Member since Jun 2014
10644 posts
Posted on 6/22/22 at 3:18 pm to
Who owns the PGA Tour? Who has been pocketing all this cash all these years. The way it sounds the Tour has a bunch of greedy owners that are finally giving up some of their cash.
Posted by BBONDS25
Member since Mar 2008
59466 posts
Posted on 6/22/22 at 3:20 pm to
quote:

Who has been pocketing all this cash all these years.


Great question. Likely nothing nefarious. Letting the players access the books would solve this.
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
42376 posts
Posted on 6/22/22 at 3:21 pm to
quote:

It’s a simple question Mingo

Do you think this board would feel the same way if the Saudis started a rival football league and started offering nfl players huge contracts to go?

I won’t wait for an answer because I know you won’t give one


I know this wasn't directed to me and I don't feel strongly about it either way, but this is kind of a dumb comparison. Not even talking about the amount of people it would take to leave and even form a quality football product, but the NFL has a players union. A union that represents all players looking out for their benefit in wages, hours, working conditions and just looks out for them in general. PSA tour players don't have a say in crap and nobody looking out for their best interests.

The PGA just plucked 160 million out of their pocket overnight like it was nothing because they see what it's costing them from being cheap asses and not caring about taking care of the people who make them money. The PGA rakes in money and throws scraps at the players.
Posted by lsupride87
Member since Dec 2007
111460 posts
Posted on 6/22/22 at 3:22 pm to
They didn’t just “pluck money out of their pocket”

They recently signed a 700 million dollar deal that increased revenue
Posted by MikeD
Baton Rouge
Member since Jan 2004
8442 posts
Posted on 6/22/22 at 3:33 pm to
quote:

If that means the next great young QB in the NFL can get a $75M/yr contract, sure.


You do understand who pays for these and all pro athlete contracts right?

The fans, whether direct or indirect, end up paying for it all.
Posted by bamameister
Right here, right now
Member since May 2016
17202 posts
Posted on 6/22/22 at 3:35 pm to
quote:

Who owns the PGA Tour? Who has been pocketing all this cash all these years. The way it sounds the Tour has a bunch of greedy owners that are finally giving up some of their cash.




That's what Phil said.

The PGA is actually its own entity. So, “No one”, is really the legal answer. That basically means the players don't own the PGA. They are declared "non-profit " So they get tax-exempted status with our government. So where does the wealth generated go?

In short: the PGA distributes its incomes to its beneficiaries, thus maintaining non-profit status.
Posted by MikeD
Baton Rouge
Member since Jan 2004
8442 posts
Posted on 6/22/22 at 3:36 pm to
quote:

Likely nothing nefarious. Letting the players access the books would solve this.


There are non-profit tax forms that detail a lot of the finances to a certain extent
Posted by lsupride87
Member since Dec 2007
111460 posts
Posted on 6/22/22 at 3:37 pm to
quote:

That's what Phil said.
Solid source
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
42376 posts
Posted on 6/22/22 at 3:38 pm to
quote:

They didn’t just “pluck money out of their pocket”

They recently signed a 700 million dollar deal that increased revenue


Just ignore the NFL comparison reply that you thought couldn't be answered

Edit: Also, that revenue deal doesn't change the fact that they are being cheap, that just makes it more obvious.
This post was edited on 6/22/22 at 3:40 pm
Posted by bamameister
Right here, right now
Member since May 2016
17202 posts
Posted on 6/22/22 at 3:40 pm to
quote:

Solid source



I was gonna quote you, but then both of us would be wrong.
Posted by SG_Geaux
Beautiful St George, LA
Member since Aug 2004
80692 posts
Posted on 6/22/22 at 3:40 pm to
quote:

throws scraps at the players.


The tour average earnings last year was 1.5 million.

Let's not act like these guys are making nothing.

But the fact remains they are free to go where the money is.
This post was edited on 6/22/22 at 3:42 pm
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/22/22 at 3:43 pm to
quote:

They didn’t just “pluck money out of their pocket”

They recently signed a 700 million dollar deal that increased revenue


By recently you mean like a year ago right?

I guess it's just a huge coincidence that the changing of the schedule and huge purse no cut events from that revenue (that they of course didn't project years ago because why would a billion dollar business do that) just so happened to be figured out at the same time as players leaving for LIV.

Crazy how the timing on that!
Posted by lsupride87
Member since Dec 2007
111460 posts
Posted on 6/22/22 at 3:44 pm to
The PGA tour is being so cheap they are paying out and higher pct of revenue than any other major sports league….

And I have seen you mention “they don’t have to pay owners”. True. However, those owners in the sports leagues get to make tons of profit of the team logos, images, etc built of the players backs.

That element doesn’t really exist for golf as a revenue stream.
Posted by bamameister
Right here, right now
Member since May 2016
17202 posts
Posted on 6/22/22 at 3:45 pm to
quote:

The tour average earnings last year was 1.5 million.


So you want to tell us that the lower half of everyone with a PGA card is making 1.5 million? The tour is extremely top-heavy. The rich are getting richer and the average Joe playing this game needs a raise, badly.
Posted by lsupride87
Member since Dec 2007
111460 posts
Posted on 6/22/22 at 3:48 pm to
quote:

The rich are getting richer and the average Joe playing this game needs a raise, badly.
Well you need to yell at the top players then, because that ain’t what they are fighting for
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/22/22 at 3:48 pm to
quote:

The PGA tour is being so cheap they are paying out and higher pct of revenue than any other major sports league


You are so fricking stupid it's unreal. Or so pathelogically concerned with being "right."

Im not sure which is worse but either way, seek help
Posted by lsupride87
Member since Dec 2007
111460 posts
Posted on 6/22/22 at 3:50 pm to
quote:

You are so fricking stupid it's unreal.
Please correct what was wrong with the statement.
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
42376 posts
Posted on 6/22/22 at 3:51 pm to
quote:

The tour average earnings last year was 1.5 million.

Let's not act like these guys are making nothing.




O no, I'm not saying they don't make good money. It's just relative to what they could be making.

I honestly feel bad for the caddies more than anyone. In particular if you're caddying for a tour player that is struggling or doesn't consistently make the cut or hasn't had many high finishes, you have a crappy job. And it doesn't have to be that way, the PGA could pick up expenses that would make things easier on them.

It's the struggling players and caddies that get hit the hardest. You're one of the top 200 players in the world in a sport that it is incredibly incredibly hard to become one of the top 200 or so players and you make 150k. What is your caddie making Mean while the people that are paying you are sitting on billions of dollars, come on. There are rightful complaints.

I dont care about the LIV. I do think they are going to be successful and continue to bring over quality players and names though. But they exposed the PGA in an embarrassing way and now the PGA is scrambling.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/22/22 at 3:54 pm to
quote:

Please correct what was wrong with the statement.


Comparing unionized, for profit, team sports to professional golf is idiotic.

Which I thought you were smart enough to understand 2 weeks ago.
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
42376 posts
Posted on 6/22/22 at 3:55 pm to
quote:

And I have seen you mention “they don’t have to pay owners”.


I've never said that. These past few comments are the first time I've commented in 10 pages.
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