Jump to content

LPGA Guaranteed Money?


Hacker76
 Share

Recommended Posts

52 minutes ago, Hacker76 said:

Now with the PGA/DP/LIV all offering guaranteed money is it about time the LPGA did the same?

Interesting article talking about the whole money thing on LPGA. Thoughts?


https://golfweek.usatoday.com/2022/11/13/golf-lpga-tour-prize-money-payouts-problems-solutions/

Some players are asking, should the winners make less?

No to the above question from the article. 

 

Succinct but to the point.

 

Srixon Z785 @10.5° Fujikura Atmos X 44.5” //  Cobra King Ltd FWY @14.5° XCaliber FW S 43" //  Cobra F7 FWY @18.5° XCaliber FW S 42" //  Titleist 818H1 #4 @20° XCaliber HY S 39.25" // Titleist 818H1 #6 @24° Miyazaki Kuala T8 S 38.5" // Srixon Z565 6-PW Nippon N.S. Pro 980GH DST S // Cleveland CBX 50.11 //  Cleveland RTX3 56.14 bent 55.13 //  Nike VR X3X Toe Sweep 58.10  //  TaylorMade Spider Tour Red #3 Sightline 34" Super Stroke Pistol GT 2.0 //  Titleist Pro V1 //  McGregor Hybrid Stand/Cart Bag

Link to comment
Share on other sites

1 minute ago, ThinkingPlus said:

Because the LPGA doesn't have a pot of money sitting around to fund the initiative then purses would need to be reallocated from the winners to the MCs as @Rapidcatmentions.  Less meritocratic, but given that last place money in an LPGA tournament may not cover expenses for the week, it seems like an appropriate reallocation of prize money.  If keeping your card doesn't allow you to make a living something needs to be fixed. Probably the only situation where I see a less meritocratic approach being appropriate. 

Actually, looks like I didn't make myself clear by being too succinct - I don't think there should be a reallocation, I think it should stay as is.

 

It's up to Molly and team to continue to grow purses to eliminate this issue over the coming years.

 

$300,000 for Nelly's win at the Pelican isn't an amazing amount for a win, a T10 got only $38,377, not really enough for decent performance.

 

New talent will always come through chasing the dream so I don't see a TOUR sustainability issue on this point.

Srixon Z785 @10.5° Fujikura Atmos X 44.5” //  Cobra King Ltd FWY @14.5° XCaliber FW S 43" //  Cobra F7 FWY @18.5° XCaliber FW S 42" //  Titleist 818H1 #4 @20° XCaliber HY S 39.25" // Titleist 818H1 #6 @24° Miyazaki Kuala T8 S 38.5" // Srixon Z565 6-PW Nippon N.S. Pro 980GH DST S // Cleveland CBX 50.11 //  Cleveland RTX3 56.14 bent 55.13 //  Nike VR X3X Toe Sweep 58.10  //  TaylorMade Spider Tour Red #3 Sightline 34" Super Stroke Pistol GT 2.0 //  Titleist Pro V1 //  McGregor Hybrid Stand/Cart Bag

Link to comment
Share on other sites

1 minute ago, Rapidcat said:

Actually, looks like I didn't make myself clear by being too succinct - I don't think there should be a reallocation, I think it should stay as is.

 

It's up to Molly and team to continue to grow purses to eliminate this issue over the coming years.

 

$300,000 for Nelly's win at the Pelican isn't an amazing amount for a win, a T10 got only $38,377, not really enough for decent performance.

 

New talent will always come through chasing the dream so I don't see a TOUR sustainability issue on this point.

Didn't mean to imply you supported the initiative just that you referenced the article and discussion within the LPGA.  Meritocracy is what makes professional golf different from most other professional sports, but I do think that sustainability is an issue.  Feeder tours should be the filter that determines good enough or not and shouldn't allow a player to make a living.  True stepping stones.

 

However, not being able to pay the bills as one of the 100 or 150 best golfers on the planet seems a bit egregious.   In the LPGA's case there just isn't enough money period.  That is slowly changing and maybe this issue will be moot 5 years from now, but very tough sledding for the bottom of the tour right now.

  • Like 4
Link to comment
Share on other sites

 

It's such a huge difference in money between the men and women and wondering if there is something the PGA can do financially that at least keeps the bottom of the LPGA players able to make a living?
I'm thinking about how the PGA just gave a billionaire $40M for PIP. That $40M would've gone a long way on the LPGA. 
I think the bigger problem is the LPGA is more of a global tour and travel costs really eat into their money. 


 

 

Link to comment
Share on other sites

I don't know the profit margin of the LPGA.  But as a businessman, I wouldn't invest marketing or advertising budget in LPGA sponsorship, based on the galleries I've seen, and viewership.  I recognize the costs associated with staff that travel extensively; travel costs and their compensation is offset by the combined revenue they generate. 

 

There's also this: When an employee can't pay their bills with the amount of money they make, they have two choices; adjust their cost of living down to stay, or develop skills that may merit greater income employed elsewhere.  In a P&L world, we can't pay employees more than their value contributes to the P&L. 

 

LPGA golf does NOT deserve equal purses compared to WTA; they don't have the same revenue or audience recognition as Women's Tennis Assoc.  Outside the term professional, one does NOT equal the other.  

Edited by Pepperturbo
  • Thanks 1
  • Titleist TSR2 10' Velocore Blue TR 6 series S
  • Titleist TSR2 15' Velocore Red 6 series S
  • Titleist T200 2i & 4i  MCA-Tensei AV Blue S
  • Titleist T100s 5i-W MCA-Tensei AV Blue S
  • SM9 F-52/12, MCA-MMT 105 sw
  • SM9 M-58/8, MCA-MMT 105 sw
  • SC CA Monterey
  • DASH-ProV1x & AVX
Link to comment
Share on other sites

I'm really torn on the issue. On the one hand, professional golf is fairly unique in that there are no guaranteed paychecks. Making the cut drives most players to put their best effort into it on Thursday and Friday. You don't think a guaranteed paycheck would change things? 

 

Of course, a player who retains her card, and yet fails to break even for the year after expenses is not good. Sure, play better and cover the costs, but there will always be players ranked 61 - 100 that struggle to pay the bills. Given that there will always be a supply of up and coming players willing to risk it, I can see why things will prob not change. Why pony up cash when there are hundreds of players willing to step in for a chance. 

 

Haven't done the math, but if the winner's share was reduced 10 percent, would it really make a difference? Take $30k from the winner's check, and it doesn't go a long way in covering the expenses for the 50 players who missed the cut. Add 10 percent from the top 10, and it's more or less the same. 

 

Women's professional golf is a tough racket. The top 20 will earn $1 million plus, and much more with endorsements, but the bottom 10 percent will break even after expenses. 

 

  • Like 2

Ping G425 Max Driver 12 (0 Flat) - Aldila Ascent Red 50 Stiff (46")
TaylorMade AeroBurner Mini Driver 16 - Matrix Speed RUL-Z 60 Stiff
Ping G410 7wd 20.5 (0 Flat) - Alta CB 65 Stiff (43")
Ping G410 9wd 23.5 (0 Flat) - Alta CB 65 Stiff (42.5")
Ping G410 5h 26 (0 Flat) - Alta CB 70 Stiff
PXG 0311P Gen3 6-P (2 Deg Weak, 1 Deg Flat) - True Temper Elevate 95 S /

Ping i200 6-P Orange Dot (2 Deg Weak, 2 Deg Flat) - True Temper XP 95 S
Ping Glide 4.0 52-12 S, 56-10 Eye2, and 60-10 S Orange Dot (2 Deg Flat) - Ping Z-Z115 Wedge
PXG Blackjack 36" - SuperStroker Flatso 2.0

Link to comment
Share on other sites

One option, Olson believes, is to change the purse distribution. Currently, the winner at most LPGA events receives 15 percent of the purse. After that, six percent of the purse goes toward the tour’s operational costs.

That leaves 79 percent for everyone else who makes the cut. (The U.S. Women’s Open gave 18 percent of the winner and CME will give the winner roughly 29 percent.)

“I think we have to go down to 12 percent,” said Olson, “or take from that top 10 and be able to feed that into the bottom ranks."

 

 

I have a better solution, work harder Amy. 

 

Link to comment
Share on other sites

What's missing from the discussion is a breakdown of expenses for a year. Travel, lodging, food, coach, support staff, clothing and equipment (assuming no sponsorship), and caddie. The 100th player in CME points made $164,798 in 17 events this season. After expenses, what was her take home pay? She missed nine cuts. Would $1000 or $2000 for a missed cut make a big difference? Does making $173k change anything significantly? 

 

Ping G425 Max Driver 12 (0 Flat) - Aldila Ascent Red 50 Stiff (46")
TaylorMade AeroBurner Mini Driver 16 - Matrix Speed RUL-Z 60 Stiff
Ping G410 7wd 20.5 (0 Flat) - Alta CB 65 Stiff (43")
Ping G410 9wd 23.5 (0 Flat) - Alta CB 65 Stiff (42.5")
Ping G410 5h 26 (0 Flat) - Alta CB 70 Stiff
PXG 0311P Gen3 6-P (2 Deg Weak, 1 Deg Flat) - True Temper Elevate 95 S /

Ping i200 6-P Orange Dot (2 Deg Weak, 2 Deg Flat) - True Temper XP 95 S
Ping Glide 4.0 52-12 S, 56-10 Eye2, and 60-10 S Orange Dot (2 Deg Flat) - Ping Z-Z115 Wedge
PXG Blackjack 36" - SuperStroker Flatso 2.0

Link to comment
Share on other sites

8 minutes ago, Argonne69 said:

What's missing from the discussion is a breakdown of expenses for a year. Travel, lodging, food, coach, support staff, clothing and equipment (assuming no sponsorship), and caddie. The 100th player in CME points made $164,798 in 17 events this season. After expenses, what was her take home pay? She missed nine cuts. Would $1000 or $2000 for a missed cut make a big difference? Does making $173k change anything significantly? 

 

From the USA Today linked article

 

As the nation struggles with inflation, women who live most of their year on the road are taking a significant hit. Dana Finkelstein said a plane ticket from Phoenix to Tampa that used to run $170 is now $370. She looked into flights on Tuesday, in case the Pelican moved to a Monday finish, and they were running $560. A weekly rental car that used to run $200 is now more than $300. She estimates most players who stay in a hotel – Finkelstein relies on host housing – have at least $3,000 a week in expenses after paying their caddie.

“And that’s on the cheap side,” she said.

Caroline Inglis, who currently ranks 99th on the CME points list and 98th on the money list ($164,798) estimates that she has spent six figures on her team and travel through 16 events.

 

Stephanie Meadow says her expenses for the year typically range between $115,000 to $125,000, including what it costs to pay her team. That’s staying in average hotels and with a couple of host families.

  • Like 2
Link to comment
Share on other sites

3 hours ago, ChronicSlicer said:

One option, Olson believes, is to change the purse distribution. Currently, the winner at most LPGA events receives 15 percent of the purse. After that, six percent of the purse goes toward the tour’s operational costs.

That leaves 79 percent for everyone else who makes the cut. (The U.S. Women’s Open gave 18 percent of the winner and CME will give the winner roughly 29 percent.)

“I think we have to go down to 12 percent,” said Olson, “or take from that top 10 and be able to feed that into the bottom ranks."

 

 

I have a better solution, work harder Amy. 

 

I’m surprised that with Amy’s general worldview she has this pretty socialist belief.

Link to comment
Share on other sites

I've read this thread earlier but was waiting to comment till the right time.  Unfortunately, I've been in and out of doctor's offices all day and am too tired to be witty.

 

No one below the Top 25 is paying all their bills from tournament earnings.  The biggest issue at hand has always been exposure.  Exposure brings in the money and as long as TV rights preempt LPGA coverage any time a PGA event is concurrent, then the LPGA will struggle financially.  

 

The L has all the necessary assets for a great marketing campaign.  The first step is a TV contract external of the PGA.  I hope Mollie can figure it out soon.  

 

If I feel better tomorrow, I'll expound on this a bit more.  

  • Like 3
  • Thanks 1
Link to comment
Share on other sites

1 hour ago, fredogolfer said:

I’m surprised that with Amy’s general worldview she has this pretty socialist belief.

Her circumstances are different now she is 111 on the money list & 109 on the CME list.

 

Funny how a change in personal circumstances changes people's opinions.

 

Who would have thunk it huh?

  • Like 4

Srixon Z785 @10.5° Fujikura Atmos X 44.5” //  Cobra King Ltd FWY @14.5° XCaliber FW S 43" //  Cobra F7 FWY @18.5° XCaliber FW S 42" //  Titleist 818H1 #4 @20° XCaliber HY S 39.25" // Titleist 818H1 #6 @24° Miyazaki Kuala T8 S 38.5" // Srixon Z565 6-PW Nippon N.S. Pro 980GH DST S // Cleveland CBX 50.11 //  Cleveland RTX3 56.14 bent 55.13 //  Nike VR X3X Toe Sweep 58.10  //  TaylorMade Spider Tour Red #3 Sightline 34" Super Stroke Pistol GT 2.0 //  Titleist Pro V1 //  McGregor Hybrid Stand/Cart Bag

Link to comment
Share on other sites

I long ago said (in response to "they deserve more" threads/comments) the options are a) get more money coming in the door or b) redistribute the winnings.  b) is a decision for the tour and players to make among themselves; it is not surprising to see some for it and some against it (and generally, but not always, related to one's current earning potential on tour).

 

There's nothing that says a Top 100 (or whatever) player deserves to make enough to pay all of their bills.  It's really no different than any everyday person (of various professions) that goes to a global city (NYC, LA, London, Shanghai) and breaks even or burns money because the opportunity is worth it and they hope tomorrow is better.

 

I guess everyone wants to pay the UC graduate workers more because they deserve it too?  LOL LOL LOL.  How much they spent or how qualified they are (or think they are) is irrelevant (same for the LPGA players); whatever your skills are worth is what you get paid.

 

People need to separate their admiration for the players/this specific game and the underlying issue at hand; I'd bet a lot most will say otherwise if you change the job/profession to something no one feels attached to.

  • Like 3
Link to comment
Share on other sites

Option A:

-Last place gets $1.00.

-Second to last place gets $2.00

....

-Runner up gets $79.00 (assuming a weekend field of 80 players)

-Winner gets the balance

 

Option B:

-Winner gets $79.00 more than last place (assuming a weekend field of 80 players)

 

Option 😄

-Everyone gets $5k - $10k (pay bills and earn "something") and the winner gets the balance.

 

Option 😧

-Tweak the percentages slightly from where they are currently at to pretend to be doing something.  Most likely, this will just shift the "break point" as to what ranking player is in the black or in the red.  We can argue whether its Top 150, Top 100, Top 50, Top 20, etc; any of these are as arbitrary as the other.

Link to comment
Share on other sites

With LPGA money woes I could see the Saudi's expanding Aramco and basically pulling a LIV move and just buying top/mediocre talent. 

I don't think there is enough tradition, legacy and loyalty like on the men's side to keep the women loyal to LPGA/LET. 

 

Aramco is expanding the purse next year to $5 million so should get interesting.
 

You know Olson wanted to point this all out but in today's climate it was best she didn't, but you know she's thinking it. 

Link to comment
Share on other sites

8 hours ago, OnTheBag said:

3.  Fix that horrific TV rights agreement, even if it means breaking ranks with the PGA.  Lifetime Network, USA, hell even Hallmark would love a shot at a female focused sporting event.  Time to think outside the box.

 

 

Lifetime and Hallmark...are you sure people actually watch those channels or even know they exist 😂

  • Haha 1
Link to comment
Share on other sites

1 hour ago, ThinkingPlus said:

Our family spends a good portion of the holidays watching Hallmark. So yes, people do watch those channels.

 

Exactly!   I was thinking maybe Christmas with the Korda's, or a 30 minute special on meeting Lydia Ko in New Zealand, or Minjee Lee in Perth or better yet, amongst the vineyards of Barossa Valley!  Or maybe exploring Bangkok with Atthaya and Pajaree!  Just something a little more human interest to introduce the audience to some of the players  🙂

  • Like 1
  • Thanks 1
  • Haha 2
Link to comment
Share on other sites

On 11/19/2022 at 7:29 AM, ChronicSlicer said:

Am I imagining it or was Golf Channel supposedly going to do something similar to this idea a few years back?

Not sure about Golf channel. But there was that “LPGA All-Access” documentary covering the 2021 CME Tour championship 

 

https://www.lpga.com/news/2022/lpga-all-access-cme-group-tour-championship-behind-the-scenes-documentary-to-debut-on-lpga-platforms

 

 

Edited by JungleJimbo
  • Like 1
Link to comment
Share on other sites

57 minutes ago, JungleJimbo said:

Not sure about Golf channel. But there was that “LPGA All-Access” documentary covering the 2021 CME Tour championship 

 

https://www.lpga.com/news/2022/lpga-all-access-cme-group-tour-championship-behind-the-scenes-documentary-to-debut-on-lpga-platforms

 

 

Thanks Jimbo, but that's not it.

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Our picks

    • 2023 AT&T Pebble Beach Pro-Am - Discussion and Links to all photos
      Please put any questions or comments here
       
       
       
      General Albums
       
       
       
      WITB Albums
       
      Lanto Griffin - WITB - 2023 AT&T Pebble Beach Pro-Am
      Charles Kelley WITB (country singer from Lady A band) – 2023 AT&T Pebble Beach Pro-Am
      Ben Silverman - WITB - 2023 AT&T Pebble Beach Pro-Am
      Jonas Blixt - WITB - 2023 AT&T Pebble Beach Pro-Am
      Fabian Gomez - WITB - 2023 AT&T Pebble Beach Pro-Am
      Alfonso Ribeiro (Carlton from Fresh Prince of BelAir) - WITB - 2023 AT&T Pebble Beach Pro-Am
      Seung Yul Noh - WITB - 2023 AT&T Pebble Beach Pro-Am
      Beau Hossler - WITB - 2023 AT&T Pebble Beach Pro-Am
      Danny Willett - WITB - 2023 AT&T Pebble Beach Pro-Am
      JB Holmes - WITB - 2023 AT&T Pebble Beach Pro-Am
      Harry Higgs - WITB - 2023 AT&T Pebble Beach Pro-Am
      Kevin Kisner - WITB - 2023 AT&T Pebble Beach Pro-Am
      Kira Dixon - Golf Channel reporter - WITB - 2023 AT&T Pebble Beach Pro-Am
      Michael Pena, actor - WITB - 2023 AT&T Pebble Beach Pro-Am
       
       
       
      Pullout Albums
       
      Kyle Westmoreland - custom Hzrdus driver and fairwood shafts - 2023 AT&T Pebble Beach Pro-Am
      Cameron putters - 2023 AT&T Pebble Beach Pro-Am
      TaylorMade Max putters - 2023 AT&T Pebble Beach Pro-Am
      LA Golf Malibu X putter - 2023 AT&T Pebble Beach Pro-Am
      Pebble Beach 18th Hole walking tour (and inside "The Lodge") – 2023 AT&T Pebble Pro-Am
       
       
       
       
      • 3 replies
    • 2023 Farmers Insurance Open - Discussion and Links to all photos
      Please put any questions or Comments here
       
       
       
      General Albums
       
       
      2023 Farmers Insurance Open - Monday #1
      2023 Farmers Insurance Open - Monday #2
      2023 Farmers Insurance Open - Monday #3
       
       
       
       
      WITB Albums
       
      Justin Thomas - WITB - 2023 Farmers Insurance Open
      Will Zalatoris - WITB - 2023 Farmers Insurance Open
      Michael Herrera - WITB - 2023 Farmers Insurance Open
      Michael Block - SoCal PGA Section Champ - WITB - 2023 Farmers Insurance Open
      Carl Yuan - WITB - 2023 Farmers Insurance Open
      Joey Vrzich - WITB - 2023 Farmers Insurance Open
       
       
       
      Pullout Albums
       
      New Taylor-Made putters - 2023 Farmers Insurance Open
       
       
       
       
        • Like
      • 5 replies
    • 2023 The American Express - Discussion and Links
      Please put any questions or comment here
       
       
       
      General Albums
       
      2023 The American Express - Monday #1
      2023 The American Express - Monday #2
       
       
       
      WITB Albums
       
      Justin Lower - WITB - 2023 The American Express
      Doug Ghim - WITB - 2023 The American Express
      Sam Burns - WITB - 2023 The American Express
      Caleb Surratt - WITB - 2023 The American Express
      Aaron Wise - WITB - 2023 The American Express
       
       
       
       
       
      Pullout Albums
       
       
      New Cameron putter - 2023 The American Express
      Cameron putters - - 2023 The American Express
      New Bettinardi prototype putters - 2023 The American Express
      New L.A.B. Golf LINK.1 putter - 2023 The American Express
      New Evnroll putters - 2023 The American Express
      Jimmy Walker testing the Axis prototype putter - 2023 The American Express
      Cameron CT Baller Boy covers - 2023 The American Express
      Richy Werenski's Cameron Timeless putter - 2023 The American Express
      Graphite Design - CQ 6 & CQ 7 shafts - 2023 The American Express
      Titleist TRS hybrids - 2023 The American Express
       
       
       
       
       
       
       
      • 11 replies
    • In-hand photos of 2023 TaylorMade Stealth 2 Plus, Stealth 2, Stealth 2 HD drivers + fairways woods
      Check out our front page launch stories here and here. 
       
      What you need to know: For the first time, carbon is the most prevalent material by volume in a TaylorMade driver, and more carbon equals better performance, says the company. Last year, TaylorMade debuted a 60X Carbon Twist Face. With TaylorMade Stealth 2, engineers are bringing carbon to more of the golf club — and unveiling a new-and-improved Carbon Twist Face in the process. Stealth 2 Plus (low spin, most workable) Stealth 2, and Stealth 2 HD (draw bias, high launch, most forgiving) drivers make up the Stealth 2 family.
       
      Stealth 2 


       
      Stealth 2 Plus


       
      Stealth 2 HD



       
      What you need to know: Breakthrough movable weight technologies and versatile designs are the hallmarks of the 2023 TaylorMade Stealth 2 fairway woods. Stealth 2 Plus is branded as “three fairway woods in one” owing to the unique performance characteristics afforded by the 50-gram sole weight. Stealth 2 features a slightly lower profile 3D carbon crown than Stealth. This moves CG down and away from the toe with more weight in the rear of the club for higher launch and MOI. Ultra-high MOI Stealth 2 HD features an oversized 200cc head and low-profile sole, creating an easy-to-hit, draw-biased club.
       
      Stealth 2 fairway


       
      Stealth 2 Plus fairway


       
       


       
        • Thanks
        • Like
      • 47 replies
    • 2023 Sentry Tournament of Champions - Discussion
      Please put any equipment questions or comments here
       
      More albums will be added tomorrow
       
       
       
      General Albums
       
      2023 Sentry Tournament of Champions at Kapalua – Tues. Pt. 1
       
       
      WITB Albums
       
      Jon Rahm mini WITB (w/ new Callaway Paradym Triple Diamond driver and fairway woods) – 2023 Sentry Tournament of Champions
      Ryan Brehm WITB – 2023 Sentry Tournament of Champions
       
       
      Pullout Albums
       
      SuperStroke Limited Edition Hawaii Collection covers and grips – 2023 Sentry Tournament of Champions
      Collin Morikawa's new TaylorMade Stealth 2 Plus driver and 3 wood – 2023 Sentry Tournament of Champions
      Xander Schauffele's new Callaway Paradym Triple Diamond driver – 2023 Sentry Tournament of Champions
      Xander Schauffele's Odyssey Toulon "XS Proto" mallet putter – 2023 Sentry Tournament of Champions
      New Odyssey White Hot Versa and Tri-Hot 5K putters – 2023 Sentry Tournament of Champions
      Sungjae Im's Scotty Cameron Tourtype F-5 proto putter (with new SuperStroke Zenergy 1.0 PT grip) – 2023 Sentry Tournament of Champions
      Scottie Scheffler's new TaylorMade Stealth 2 Plus driver and Stealth 2 fairway wood – 2023 Sentry Tournament of Champions
       
       
       
       
       
       
       

       
        • Thanks
        • Like
      • 82 replies

×
×
  • Create New...