Faced with a growing challenge from the Saudi-backed LIV Golf Series, the US PGA Tour announced a 2022-23 season schedule on Monday offering a record $415 million in prize money.
The PGA boosted the prize money at eight invitational tournaments, with The Players Championship set to pay out $25 million, and will offer $145 million in bonus money, including $75 million for the FedEx Cup playoffs, which will be trimmed to 70 players from the current 125.
The US PGA, which will return to a season that coincides with the calendar year starting in 2024, tightened its playoffs and boosted select purses after comments from fans, PGA commissioner Jay Monahan said. After the season ends, late 2023 will feature events for those outside the top 70 to earn status for the 2024 PGA campaign plus a series of"international events" featuring the PGA top 50 in a limited field, no-cut format. No other details were revealed about those events.The January Tournament of Champions will see its purse rise from $8.2 to $15 million next year. It will become the leadoff event of the PGA season when the schedule changes in 2024.
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