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Front Office Sports: PGA tour to feature record $428.6 million in prizes next year

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As competitive pressure from LIV Golf continues to mount, the PGA Tour has released its schedule for next season — with several measures seemingly aimed at battling the upstart golf competition.

The PGA Tour’s 2022-23 schedule will put on 44 events — including majors — and will feature a record $428.6 million in prize money.

Several key tournaments will see purse increases.

The Players Championship leads the field with a $25M prize pool, up from $20M.

The first tournament of 2023 — the Sentry Tournament of Champions — will increase to $15M from $8.2M.

Three player-hosted invitationals — the Genesis Invitational, the Arnold Palmer Invitational, and the Memorial Tournament — will increase purses from $12M to $20M each.

Bonus pools totaling $145 million will also provide incentive for players on the tour. These include $75 million for the FedEx Cup, $20 million for the Comcast Business Tour Top 10, and $50 million for the Player Impact Program.

The new PGA Tour season will place further emphasis on regular-season play and performance in the playoffs: Only 70 players will earn a start in the Playoffs’ first event, followed by 50 for the next event, and 30 for the TOUR Championship.

It will also be the final season to feature a wraparound schedule before the Tour switches back to a calendar-based season in 2024.

All changes are likely a response to competition from LIV Golf. The Saudi-backed venture has notoriously spent hundreds of millions of dollars to lure former Tour players.

Read the original article on FrontOfficeSports.com.

Ever wonder what your favorite players have been up to since retiring from the game? Watch the latest episode of Second Acts, a new series from Front Office Sports, here.

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