PGA Tour nears $500 million in prize money next season


FILE – PGA Tour Commissioner Jay Monahan speaks during a press conference ahead of the Travelers Championship golf tournament at TPC River Highlands, June 22, 2022, in Cromwell, Connecticut. The PGA Tour is closing in on $500 million in prize money for next season, with eight tournaments offering $15 million or more and limited playoff spots available. (AP Photo/Seth Wenig, File)


The PGA Tour is closing in on $500 million in prize money for next season, with eight tournaments offering $15 million or more and limited playoff spots available.

It will be the last time in a looping season that features nine tournaments starting Sept. 15, a six-week break over the holidays, and resumes in Hawaii in January before the season wraps up in August.

Only the top 70 players – up from 125 – will qualify for the FedEx Cup qualifiers, with players reduced to 50 players for the second post-season event and 30 reaching the Tour Championship and competing for the FedEx Cup.

Starting in fall 2023, players outside the top 70 will have six tournaments to try to earn full status for a calendar year schedule that begins the following January.

The prize money for the 43 tournaments hosted by the PGA Tour is $428.6 million, which includes four opposite field events. The four majors had combined prize money of $61.5 million last year. It remains to be determined if the scholarships will be increased for 2023.

The PGA Championship returns to Oak Hill outside Rochester, New York in May – it was already planned in upstate New York when the PGA moved from August to May in 2019. The US Open visits the Los Angeles Country Club for the first time, while the British Open returns to Royal Liverpool for the first time since 2014.

PGA Tour commissioner Jay Monahan previously revealed that elevated events with tournament hosts in Riviera (Tiger Woods), Bay Hill (Arnold Palmer) and Memorial (Jack Nicklaus) will have $20 million purses. Golf’s only World Championship — Match Play in Austin, Texas — and two postseason events will also have $20 million in prize money.

This includes the BMW Championship, for now the only post-season event that moves to different courses. Next year it will be at Olympia Fields in the southern suburbs of Chicago.

The Players Championship purse is $25 million, while the Sentry Tournament of Champions to start the new year in Kapalua nearly doubles to $15 million.

All but five tournaments at the heart of the 2023 season are at $8 million or more.

The dates are pretty much the same as this season, except for an extra week between the US Open and the British Open. This allowed the Rocket Mortgage Classic in Detroit to move from the last weekend of July to the last weekend of June – two weeks after the US Open and three weeks before the British Open.

As for the bonus pools, an additional $145 million is on offer – $75 million for the FedEx Cup, $20 million for the Comcast Business Tour 10 which pays the top 10 players in the regular reason and $50 million for dollars for the popularity contest known as the Player Impact Program.

It remains to be announced the three international events at the end of 2023 that will feature big purses and limited fields, starting with the top 50 in the FedEx Cup leaderboard.

Monahan discussed several of the changes and price increases in June, minus specific dates and timing. The tour has released its new schedule a week after Saudi-funded LIV Golf announced a 14-tournament schedule with $405 million in prize money, all guaranteed as 48-man fields have not yet been announced. no cut in 54-hole events.


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