Reports; Tiger Woods to receive $100,000,000 equity payment for PGA Tour loyalty: full details in comment πππ
Reports; Tiger Woods to receive $100,000,000 equity payment for PGA Tour loyalty: full details in comment πππ
Reports; Tiger Woods to receive $100,000,000 equity payment for PGA Tour loyalty:
PGA Tour players, Tiger Woods included, will receive an email today outlining the compensation for their fidelity. The recently disclosed Enterprise equity stakes disclose each playerβs enduring membership value throughout their career.
The Tour has had few golfers as significant as Woods, whose unparalleled career points system record remains unmatched among current PGA tour players.
According to a recent report by the Telegraph, Woodsβ earnings are expected to reach approximately $100 million. Industry experts anticipate that his portfolio will generate at least twice as much revenue compared to the second highest-paid golf professional.
Rory McIlroy is the likely golfer to receive a $50 million payment, however Woodsβ exceptional and lengthier career surpasses all others. His decision not to participate in LIV Golf will result in lucrative rewards for him.
Although the PGA Tour has been secretive about specific numbers, rumors suggest that Woods and McIlroy will receive a significant sum for their participation.
If Phil Mickelson hadnβt defected, he would have been much nearer to Tiger Woods in this situation. Despite having a renowned and lengthy career on tour, a couple of years ago Mickelson switched over to LIV which consequently rendered all his prior career points invalid and stopped him from acquiring an investment opportunity within the equity program.
The PGA Tour is incentivizing players such as Tiger Woods for their decision to not join LIV.
The topic of rewarding loyalty has been widely discussed, especially with the possibility of a reunion and potential return for LIV players. The focus in these dialogues has primarily revolved around acknowledging those who remained faithful.
Naturally, the numbers cannot be compared directly. To illustrate, LIV allegedly offered Tiger Woods a deal worth $700 million or more which he declined in favor of a much smaller equity stake valued at $100 million. Similarly, it is rumored that Rory McIlroy was approached with an offer worth $850 million (though he denies ever hearing about it), but his resulting equity stake was only reported to be around $50 million β significantly less by comparison.
The PGA Tourβs stakes come with vesting options, preventing golfers from exploiting their payout and leaving for LIV Golf. They must wait several years to do so if they want to proceed anyway. Nonetheless, it appears improbable that this will happen since a vast majority of the 193 qualified players have already turned down offers extended by LIV.
To make these stakes valuable according to their evaluation, they must fulfill specific criteria, making it an intricate matter. However, the majority of golfers arenβt solely seeking a massive payout; instead, loyalty takes precedence despite rejecting such lucrative offers in the past.
With the anticipated PIF merger with PGA Tour soon to be realized, itβs likely that changes are on the horizon. However, until this happens, golfers who passed up an opportunity for millions can still receive some compensation β today they will discover exactly how much they stand to gain.
