Story: Tiger Woods to Safe $100M PGA Tour Equity Payout; Rory McIlroy Could maybe Safe $50M

Tiger Woods will receive “as much as $100 million,” whereas Rory McIlroy might maybe maybe maybe fetch $50 million as fairness payments from the PGA Tour after neither golfer joined Saudi Arabia’s LIV Golf, James Corrigan reported for The Telegraph.

The payments are section of $750 million in fairness the PGA Tour plans to split between 36 superstars per their career performances, Corrigan said.

The money comes from the $1.5 billion the PGA Tour got in January from a bunch of American investors together with the Fenway Sports Group, owner of the Boston Crimson Sox, Liverpool FC and Pittsburgh Penguins, per Lauren Hirsch of the Unique York Times.

The PGA Tour said in a February memo that $930 million in complete fairness shall be dispensed to 193 contributors, per ESPN’s Mark Schlabach.

Woods and McIlroy will receive the news regarding their fairness payments in Wednesday emails that Corrigan described as “extremely-inner most messages” from PGA Tour commissioner Jay Monahan.

Equity payments to the head 36 gamers shall be dispensed per their performances, both over their careers and the final 5 years, per Schlabach.

The fairness distribution will also dangle in mind gamers’ ranking within the Player Affect Program, the PGA Tour’s incentive program that rewards golfers for viewership and media engagement on tv and social media, Schlabach added.

These grants shall be rather a lot of for every player. Because Woods has tied Sam Snead for essentially the most tournament titles in PGA Tour history with 82 wins, he might maybe maybe maybe receive double what any other player makes, Corrigan reported.

Phil Mickelson and his 45 PGA Tour titles possible would dangle ranked 2d per these rankings, if no longer for the six-time most well-known champion’s resolution to signal with LIV Golf in 2022, Corrigan properly-known.

Mickelson’s active role in main Tour gamers to defect to the Saudi league, which Conceitedness Gleaming‘s Alan Shipnuck reported inspiring actively recruiting other gamers to affix him, significantly satirically later resulted in the PGA Tour’s novel grant program.

The January initiate of PGA Tour Enterprises, the for-revenue enterprise that allowed initiate air investors admire Fenway to pour billions into the game, modified into section of the merger settlement made between the Tour and LIV Golf in 2023. The framework of this settlement said that the PGA Tour would fetch a commercial subsidiary to “arrange commercial investments and resources for all excursions,” Reuters reported final July.

The PGA Tour confirmed when launching PGA Tour Enterprises that the novel for-revenue physique allowed for future investment from the Public Investment Fund, the Saudi sovereign wealth fund that funds LIV golf.

Monahan said in February that gamers might maybe maybe maybe receive routine fairness payments sooner or later, per Schlabach.

For now, the 34 top gamers under Woods and McIlroy will share $75 million in fairness. The following 64 gamers will share $75 million per their performance over the final three years; 57 golfers preserving completely exempt PGA Tour location will split $30 million; and 36 golfers who dangle been “instrumental in constructing the as much as date PGA Tour” will divide $75 million in fairness, Schlabach reported.