PIP - getting paid for not even showing up

[Golferpaul]

Many on this board and in the media have been critical of golf events that have a guaranteed payout.  In other words, paid for just showing up.

 

But the PGAT goes beyond "getting paid to show up". They pay players 100 million dollars just to be themselves and these players don't even have to show up.  It's the golden popularity contest.

 

 

 

[MUNIGRIT]

Good money laundering sham.

[Soloman1]

If you want to make a lot of money, start a non-profit.

[SnowbirdTom]

@Golferpaul

 

You sure do have a burning hatred of anything PGA Tour.  My question for you is why are you here if you just gotta hate everything?  Hmmm?  Find another place that’s more conducive to not stirring you gastric juices?

[bladehunter]

27 minutes ago, SnowbirdTom said:

@Golferpaul

 

You sure do have a burning hatred of anything PGA Tour.  My question for you is why are you here if you just gotta hate everything?  Hmmm?  Find another place that’s more conducive to not stirring you gastric juices?

I’d say this OP belongs in the LIV thread.  I mean isn’t that where LIV stuff is supposed to stay ? 

[bscinstnct]

PGA Tour guys now get bathtub 🛀 full o 💰 be like….

 

 

Thank youuuuu, Mr Norman 🤣

 

 

 

 

 

[Valtiel]

1 hour ago, SnowbirdTom said:

@Golferpaul

 

You sure do have a burning hatred of anything PGA Tour.  My question for you is why are you here if you just gotta hate everything?  Hmmm?  Find another place that’s more conducive to not stirring you gastric juices?

It's interesting how common the talking points are. I asked an old (retired military) golf tech friend of mine what he thought of the whole LIV thing and every single word he had to say was about how much he hates Monahan and how the PGA Tour is run. Not a word about anything LIV is actually to the point I almosted wanted to be like "so uh....what about those Four Aces huh?" 😆

It seems for many to be far more about who "they" are hurting than the product they are actually offering, which feels all too familiar these days. 

[kmay__]

That's the please don't leave our tour bonus. 

[bekgolf]

It reinforces how important it is for a player to be a hit with the fans.  Past and current performance along with positive fan interaction are rewarded on the PGA Tour.

 

The money is a win for the players and for the tour.

[Soloman1]

Professional golf is part of the entertainment industry.

 

When professional golfers travel overseas, they enter countries on an “Entertainer” visa, not a tourist visa, for tax purposes.

 

There are some hefty taxes on earnings in many countries. Other countries like UAE, Qatar and Saudi Arabia have no taxes at all on anything.

[billyspan]

I posted in another thread that marketing-wise and TV ratings-wise it is TIGER, a Rory, a little bit of Spieth and then everyone else.  These "rankings" look spot on.  When I look at these, I see "tiers" vs an actual numerical ranking after the 5th position.  6-10 feel about the same to me, same with the names at 11-15 and 16-20 respectively.

 

I think the the positions of Morikawa, Lowry, and Day are proof that recent (relatively) success in majors is a very important metric, much more important than regular PGA Tour or PGA Tour Playoff success (see Cantlay).  Success in majors has lasting power.  Perhaps the Olympics (Xander) and The Players as well?  However, these guys #4 and below are at such a miniscule "marketing" level when compared to those top 3.

[MtlJeff]

They may need to refine the criteria over time but overall I like it. I haven't been shy about saying I have no problem with guaranteed money so I think it makes sense for the tour to do it. It's just good business especially now that there is competition. And it benefits the players

[Shilgy]

While it would be nice to be able to keep up the image of professional golf earnings being strictly on merit has it ever really been so?  Yes, this PIP cash is money coming from the tour but just look at the professional athlete compensation lists over the years and Palmer and Jack stayed near the top for years after retirement.  

 Anything they can do to keep the top players on the PGA Tour is ok by me.

[ThinkingPlus]

Millennial entitlement bonus... not a fan.

[bladehunter]

4 minutes ago, ThinkingPlus said:

Millennial entitlement bonus... not a fan.

Agree.  Pushes it more entertainment and less competition.  I realize it’s always had more entertainment elements vs say ncaa events that are rarely on TV.  But the ratio was about as tolerable as could be.  We shall see how it goes.  
 

 

[DoughBack18]

I’m not a huge fan of the PIP. To me the PGA tour could just say here are our 10-20 poster boys, we’re giving them a bunch of cash, that is all. Its no doubt an incentive to keep the top guys on the PGA tour in light of recent circumstances, or those who speak well of and promote the tour. But I guess thats the times we live in

 

That being said, my biggest gripe with it is that the PGA tour (which touts themselves as a very charitable organization) just had an extra $100 million a year lying around? Plus the additional cash for these new tier’d events. Wonder what other segment of the tour took a $100mil+ hit to fund this?
 

Edited November 25, 2022 by DoughBack18

[Hacker76]

Phil should've won the PIP, he made the most impact on the PGA this year, remember he came in 2nd last year. 

[ThinkingPlus]

19 minutes ago, Hacker76 said:

Phil should've won the PIP, he made the most impact on the PGA this year, remember he came in 2nd last year. 

Pretty sure you must be a member in good standing of the PGA Tour to receive a PIP bonus.

[Hacker76]

9 minutes ago, ThinkingPlus said:

Pretty sure you must be a member in good standing of the PGA Tour to receive a PIP bonus.

Well if the $200 million for Phil is true I don't think he is too upset about PIP.

[Cali_Stinger77]

2 minutes ago, Hacker76 said:

Well if the $200 million for Phil is true I don't think he is too upset about PIP.

 

Exactly 

[Titleist99]

2 hours ago, DoughBack18 said:

I’m not a huge fan of the PIP. To me the PGA tour could just say here are our 10-20 poster boys, we’re giving them a bunch of cash, that is all. Its no doubt an incentive to keep the top guys on the PGA tour in light of recent circumstances, or those who speak well of and promote the tour. But I guess thats the times we live in

 

That being said, my biggest gripe with it is that the PGA tour (which touts themselves as a very charitable organization)nd this?
just had an extra $100 million a year lying around? Plus the additional cash for these new tier’d events. Wonder what other segment of the tour took a $100mil+ hit to fu

If you're still repeating this nonsense after all this time, then there's no hope for you. It's been explained where the money came from. To keep repeating that they had $100M laying around is an old LIV talking point. TV money and sponsors, OK .......$1.5B....Jeeze

[golfortennis]

8 hours ago, SnowbirdTom said:

@Golferpaul

 

You sure do have a burning hatred of anything PGA Tour.  My question for you is why are you here if you just gotta hate everything?  Hmmm?  Find another place that’s more conducive to not stirring you gastric juices?

 

You sure seem to have a deep seated(perhaps unhealthy) love of the PGA Tour, defending it to the apparent cyber-death.

 

Jay MOnahan only cares about your money, plain and simple.  The sooner you realize that, the better off you will be.  

[SnowbirdTom]

21 minutes ago, golfortennis said:

 

You sure seem to have a deep seated(perhaps unhealthy) love of the PGA Tour, defending it to the apparent cyber-death.

 

Jay MOnahan only cares about your money, plain and simple.  The sooner you realize that, the better off you will be.  

Not particularly.  It’s hardly perfect, but it gotten the schedule posted and filled for nigh on 50 years with books balanced and charities enriched.  What other golf organization can place that claim or even come close?

 

If Jay’s waiting on MY paltry money, he’s gonna die hungry real fast.  I don’t go to PGA tournaments nor do I spend my hard earned money on their support.  Best I can offer is eyes on the weekly play via television when I’m not actually playing the game I thoroughly enjoy.

 

I’m also not on any other forum ripping the sponsor because I don’t understand why it’s there.

Edited November 25, 2022 by SnowbirdTom

[Chunkitgood]

The Tour is a non-profit which can accumulate earnings without some taxes but cannot just distribute the money to players.

 

It looks to me like the PIP is a workaround in the form of rewarding certain people for advancing or growing the game or some such.  One assumes they did careful research about what is allowed but who knows.

 

The whole thing seems to have started as a way to get prize money funded in part by tax deductible contributions from sponsors to charitable tournament hosts.  All in all brilliant and successful.

 

Until it was so successful players (or was it just one really famous degenerate gambler?) started demanding money as celebrities rather than players.

 

The Tour’s fault was trying to protect its turf, when turf protection as such has no place in an organization supposedly devoted to some greater good.

[golfortennis]

5 minutes ago, Chunkitgood said:

The Tour is a non-profit which can accumulate earnings without some taxes but cannot just distribute the money to players.

 

It looks to me like the PIP is a workaround in the form of rewarding certain people for advancing or growing the game or some such.  One assumes they did careful research about what is allowed but who knows.

 

The whole thing seems to have started as a way to get prize money funded in part by tax deductible contributions from sponsors to charitable tournament hosts.  All in all brilliant and successful.

 

Until it was so successful players (or was it just one really famous degenerate gambler?) started demanding money as celebrities rather than players.

 

The Tour’s fault was trying to protect its turf, when turf protection as such has no place in an organization supposedly devoted to some greater good.

 

This has been going on a long timel.  The 1967 split, the 1983 Nicklaus/Palmer challenge....the players have always felt not enough money was coming their way.

[DoughBack18]

7 minutes ago, Titleist99 said:

If you're still repeating this nonsense after all this time, then there's no hope for you. It's been explained where the money came from. To keep repeating that they had $100M laying around is an old LIV talking point. TV money and sponsors, OK .......$1.5B....Jeeze

Hey guy, relax. I simply stated that I don’t like a program and asked an honest question in where the money came from because my assumption was they didn’t have an extra 100 million lying around. If thats so upsetting a golf forum may not be the best fit for you.
 

And if you have all the answers, then do me a favor and go into a little more detail and enlighten me since I asked a pretty reasonable question to begin with. What sponsors, who’s paying in more, when were these talks had? Did these sponsors decide on a whim to just fork over this 1.5 billion? Are you stating that the PGA tour is in a better cash position now following these changes? Does the increased cashflow mean increased charitable contributions? Or is that based off a % of revenues and may be a net even if expenses have increased?

 

Now go make a lot of birdies!! 👍🏼👍🏼

[golfortennis]

10 minutes ago, SnowbirdTom said:

Not particularly.  It’s hardly perfect, but it gotten the schedule posted and filled for nigh on 50 years with books balanced and charities enriched.  What other golf organization can place that claim or even come close?

 

If Jay’s waiting on MY paltry money, he’s gonna die hungry real fast.  I don’t go to PGA tournaments nor do I spend my hard earned money on their support.  Best I can offer is eyes on the weekly play via television when I’m not actually playing the game I thoroughly enjoy.

 

I’m also not on any other forum ripping the sponsor because I don’t understand why it’s there.

 

The tour now sponsors this forum?  

[golfortennis]

3 minutes ago, DoughBack18 said:

Hey guy, relax. I simply stated that I don’t like a program and asked an honest question in where the money came from because my assumption was they didn’t have an extra 100 million lying around. If thats so upsetting a golf forum may not be the best fit for you.
 

And if you have all the answers, then do me a favor and go into a little more detail and enlighten me since I asked a pretty reasonable question to begin with. What sponsors, who’s paying in more, when were these talks had? Did these sponsors decide on a whim to just fork over this 1.5 billion? Are you stating that the PGA tour is in a better cash position now following these changes? Does the increased cashflow mean increased charitable contributions? Or is that based off a % of revenues and may be a net even if expenses have increased?

 

Now go make a lot of birdies!! 👍🏼👍🏼

 

I'll save him the trouble.  Saint Jay Monahan, facing a lack of TV money coming in at the end of the current contracts, reached deep into the well, and negotiated a huge increase in the rights fees, going all the way from $0 to the current totals.

 

During breaks in the negotiations, he was thisclose to solving world hunger, and pretty much eradicated disease in many parts of Africa. 

 

We are so lucky to have Monahan lowering himself to being commissioner of the the PGA Tour.