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Jimmy Dunne (Negotiator of June 6 Deal) Resigns from PGA Tour Board

Posted on 5/13/24 at 10:01 pm
Posted by Hou_Lawyer
Houston, TX
Member since Jun 2019
1904 posts
Posted on 5/13/24 at 10:01 pm


X



Posted by SECSolomonGrundy
Slaughter Swamp
Member since Jun 2012
15955 posts
Posted on 5/13/24 at 10:12 pm to
The shitshow rolls on.
Posted by CFDoc
Member since Jan 2013
2098 posts
Posted on 5/13/24 at 10:14 pm to
quote:

"Players have lost trust in the board because of the backdoor deals and the governance," one PGA Tour member, not authorized to formally speak on the situation, told ESPN on Monday. "The more players are getting involved, the more they realize things aren't being run like they want -- from the top down. The players have told the rest of the board they want to run it and don't trust the board. When you lose faith in the head guy, none of the players are going to pay attention anymore."


How the hell does Monahan still have a job
Posted by cptigger
Nola
Member since Jun 2005
1500 posts
Posted on 5/13/24 at 10:28 pm to
The tour as it stands now is a shell of what it once was. How Jay has a job is beyond me.

This was a power move by Woods and co. They are all still bitter about June 6th that they can’t let it go.
Posted by lsupride87
Member since Dec 2007
95946 posts
Posted on 5/13/24 at 10:57 pm to
The problem with the entire thing is the pga tour is run by the players. It’s the same shite when medical practices are run by the doctors

They can blame jay all the want if it makes them feel better but it’s their tour and their choices. You have some players that want the top guys to get all the money and some players that obviously don’t want that. Look at Wyndham, he thinks now it should be a 75 player only tour. If that’s how it was he wouldn’t be here currently

This post was edited on 5/13/24 at 10:59 pm
Posted by JimTiger72
Member since Jun 2023
5151 posts
Posted on 5/13/24 at 11:27 pm to
quote:

Since there was no exclusivity clause, the players had a full range of options to seek outside investors. That resulted in a multi-billion-dollar commitment from the Strategic Sports Group. I believe that history will look favorably on this outcome and the very real opportunities now afforded the Tour.

Seems that development has been what has really stalled the merger from moving forward. At the end of 2023, everything seemed to be moving for a deal by April of this year.

Or maybe it was getting the players more involved (which was the right thing to do), but it seems like they would want to bring everyone back together sooner rather than later.
quote:

Unifying professional golf is paramount to restoring fan interest and repairing wounds left from a fractured game. I have tried my best to move all minds in that direction.

I always figured that was the ideal solution. LIV Golf would still be around in some form, but all the best players would be playing in tournaments together more than 4x/year.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13932 posts
Posted on 5/14/24 at 6:56 am to
When the smartest guy in the room decides he’s out, it’s usually not good news.
Posted by JimTiger72
Member since Jun 2023
5151 posts
Posted on 5/14/24 at 7:17 am to
From what I read, he has not been involved with negotiations since the framework agreement & his vote to approve any type of deal is essentially meaningless now with the players making the decision.
quote:

Dunne noted in his letter that he has had zero involvement with the PIF negotiations since June 2023, but noted during his testimony that he would back the players in the event of an agreement with the PIF. Are we closer to that happening? It depends on whom you ask. Dunne feels his role as master negotiator has become moot. DP World Tour CEO Guy Kinnings noted in April that all three parties of the original agreement had still not been in the same room together. Only in March did player directors all congregate in the Bahamas for a meet-and-greet with Al-Rumayyan, a move that Dunne himself made happen 11 months prior. It has become clear that differences of opinion have slowed the board’s movement in recent months.

The only noteworthy thing to me is that there has been no progress. On top of that, the news that Tiger & Rory see the “future of professional golf” differently makes me less optimistic about a deal being made.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13932 posts
Posted on 5/14/24 at 7:27 am to
I’m thinking the SSG deal changed things. At least in the short term 3-5 years.

Jimmy and Rory were pro-deal. They’ve been pushed out.

The fans take another L.
Posted by bstaceyau19
New Orleans
Member since Jun 2022
369 posts
Posted on 5/14/24 at 8:08 am to
quote:

How the hell does Monahan still have a job


They seem to be staggering the exits piece-by-piece. Instead of letting everyone go responsible for that debacle at once, they are letting them exit over time on their own terms. It wouldn't surprise me to see Monihan "retire" sometime in the next 12 months.

They tried to force-feed an agreement onto both sides. It was clear from the get-go that neither group of players from either side had a say in this, nor had any desire to merge. Dumb move by the powers that be.

There is no way to negotiate a merger while the LIV players are under multi-year contracts where they got signing bonuses. Those contracts must be allowed to play out their lifespan. So, since there nothing that can be done for the next 3 years anyway, let the sides take their time and find a solution everyone likes, not one forced on them.

Eventually, the LIV guys will realize that their business model isn't working stand alone, and the PGA Tour guys will get over themselves and realize that the LIV players and a lot about their tour is good for golf, and this will end.
This post was edited on 5/14/24 at 8:10 am
Posted by JimTiger72
Member since Jun 2023
5151 posts
Posted on 5/14/24 at 8:12 am to
quote:

There is no way to negotiate a merger while the LIV players are under multi-year contracts where they got signing bonuses. Those contracts must be allowed to play out their lifespan


The merger is between PGA & PIF. Separate from LIV. That’s a big step in bringing all the best players back together & they’re probably discussing what the future plans are, but I don’t believe that is the hold up.
Posted by SoDakHawk
South Dakota
Member since Jun 2014
8620 posts
Posted on 5/14/24 at 8:47 am to
Good, glad he's gone.

From what I've read Dunne and Herlihy cut the deal with PIF and Jay wasn't even in on the negotiations. Then Jay got hung out to dry having to be the face of this deal that the players were blindsided by. Heard the players were actually a bit sympathetic to the position Jay got put in once this has all been revealed.

It's the player's tour and they'll have the final say, as they should. Sounds like Tiger is in charge now. I'm fine with that.

As far as I'm concerned the guys that went to LIV were like cutting dead weight, with a few exceptions. I'd like to see Brooks, Bryson, and Rahm back. The rest have been replaced by a surge of young talent. The number of people watching are down but they're missing out on some good golf and the emergence of the next wave of stars.

The PGAT doesn't need LIV. Fight it out for a few more years and watch LIV fade away.
Posted by JimTiger72
Member since Jun 2023
5151 posts
Posted on 5/14/24 at 9:05 am to
quote:

From what I've read Dunne and Herlihy cut the deal with PIF and Jay wasn't even in on the negotiations. Then Jay got hung out to dry having to be the face of this deal that the players were blindsided by

Why are you posting BS like this when you’re so uninformed?

quote:

On May 12, 2023, Jimmy Dunne was in Venice, Italy, meeting with Yasir Al-Rumayyan, governor of the Saudi Public Investment Fund, among others. Jay Monahan was there, too, looking to establish an agreement between the PIF and the PGA Tour to reunify the sport.

From Dunne’s letter:
“As directed by Commissioner Monahan, I engaged LIV’s majority owner, the Public Investment Fund, to see if we could end the lawsuits and reunify the game.”
quote:

The PGAT doesn't need LIV. Fight it out for a few more years and watch LIV fade away.

That’s obviously not going to happen. LIV will continue to pluck some of the best talent away from PGA Tour - they just need to offer more $ than player’s “equity” in PGA Tour Enterprises.
The best deal for professional golf is a merger
This post was edited on 5/14/24 at 9:06 am
Posted by The Pirate King
Pangu
Member since May 2014
57833 posts
Posted on 5/14/24 at 9:10 am to
Having the players deeply involved in a complex international business deal was dumb to begin with. They're just proving why they were left out for the original framework deal.

Now Cantlay and co have an echo chamber that will eventually kill the PGA or force them to cave when the SSG money runs out.
Posted by The Pirate King
Pangu
Member since May 2014
57833 posts
Posted on 5/14/24 at 9:12 am to
quote:

It's the player's tour and they'll have the final say, as they should.


the players couldn't run a hot dog stand by themselves.
Posted by bstaceyau19
New Orleans
Member since Jun 2022
369 posts
Posted on 5/14/24 at 9:31 am to
quote:

That’s obviously not going to happen. LIV will continue to pluck some of the best talent away from PGA Tour - they just need to offer more $ than player’s “equity” in PGA Tour Enterprises.


They might get a few other guys to trickle in over time, but I think the massive moves are done. LIV is what it is: it's the Champions Tour with 10 times the income for the players and a place for major championship winners to get paid more to play less golf. You might see a few guys now and then who will win their major and go or get old and decide to forgo any more major participation and bank out, but the majority of guys who the LIV model appeals to are already there.
Posted by JimTiger72
Member since Jun 2023
5151 posts
Posted on 5/14/24 at 9:45 am to
quote:

LIV is what it is: it's the Champions Tour with 10 times the income for the players and a place for major championship winners to get paid more to play less golf.


that’s maybe like 10 out of the 50+ players on LIV.
The concern would be young international players choosing LIV over PGA Tour like Aberg, Hovland.
Can’t underestimate how detrimental it would be to lose another wave like Schauffele, Cantlay, Fleetwood, Matsuyama, etc
Posted by Hermit Crab
Under the Sea
Member since Nov 2008
7179 posts
Posted on 5/14/24 at 10:37 am to
quote:

that’s maybe like 10 out of the 50+ players on LIV.


Its not quite PGA Champions, but quite a few are 40+

Richard Bland - 51
Paul Casey - 46
Sergio Garcia - 44
Charles Howell III - 44
Anthony Kim - 38, but he deserves to be on this list
Marc Leishman - 40
Graeme McDowell - 44
Phil Mickelson - 53
Kevin Na - 40
Louis Oosthuizen - 41
Pat Perez - 48
Ian Poulter - 48
Brendan Steele - 41
Henrik Stenson - 48
Lee Westwood - 51
Bubba Watson - 45
This post was edited on 5/14/24 at 10:53 am
Posted by JimTiger72
Member since Jun 2023
5151 posts
Posted on 5/14/24 at 10:47 am to
I think you’ve got some of them mixed up, but they have 38 guys under 40. 11 under 30.

The old guys will eventually move on & serve as Team owner/GM. Opens more spots for younger players from PGA

Posted by prostyleoffensetime
Mississippi
Member since Aug 2009
11481 posts
Posted on 5/14/24 at 10:48 am to
quote:

It's the player's tour and they'll have the final say, as they should. Sounds like Tiger is in charge now. I'm fine with that.



Yeah, just leave high level international business negotiations up to a group of people who, the vast majority of, forewent any further education when they got good enough to make some money by hitting the center of a club face.

Now, it’s still on them to select a competent group of people that are not entirely self interested to represent and report back to them in these negotiations, but it should not be left up to them.
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