It's good to be The King!

[bobfoster]

[notsohard]

$100M for Tiger Woods
$50M for Rory McIlroy
$30M for Justin Thomas 
$30M for Jordan Spieth 
 

 

The first two i have no issues with...maybe a teeny weeny little bit.

BUT, the other two...$30M 😂 for what? Spieths hair transplant?

[AC in TX]

It is their money ... how much does Jack get?

[jt2gt]

15 minutes ago, notsohard said:

$100M for Tiger Woods
$50M for Rory McIlroy
$30M for Justin Thomas 
$30M for Jordan Spieth 
 

 

The first two i have no issues with...maybe a teeny weeny little bit.

BUT, the other two...$30M 😂 for what? Spieths hair transplant?

Guess we now know why these guys don’t seem to care as much about winning tournaments these days. Hmmm…why should I practice wedges for four hours a day. If I win one I win one but don’t really “need”to win one. 😂

Edited April 24 by jt2gt

[bscinstnct]

9 minutes ago, AC in TX said:

It is their money ... how much does Jack get?

 

Jack get like

 

$2

 

 

[Chunkitgood]

Outrageous, egregious, preposterous!
 

 

 

 

[notsohard]

7 minutes ago, jt2gt said:

Guess we now know why these guys don’t seem to care as much about winning tournaments these days. Hmmm…why should I practice wedges for four hours a day. If I win one I win one but don’t really “need”to win one. 😂

 

 

When you haven’t won a PGA tournament in years but get tens of millions of dollars in equity

[kmbean]

1 hour ago, notsohard said:

$100M for Tiger Woods
$50M for Rory McIlroy
$30M for Justin Thomas 
$30M for Jordan Spieth 
 

 

The first two i have no issues with...maybe a teeny weeny little bit.

BUT, the other two...$30M 😂 for what? Spieths hair transplant?

And who said U of Alabama undergrads can’t be financially successful!

[agood3putt]

I think this is all to avoid discovery in court because the PGA had all this money before hand but miraculously is able to shell out money for the special events and now this hogwash 

 

If the funds are more for what people did for the game I wonder what the estate of Hogan, Palmer, etc will get out of this (sarcasm)

 

Jay seems to be as useful as a white crayon 

[Jones55]

Speith and JT rarely compete at the top of the leader board anymore, so how do they get 30 million each. 

That's not fair, some of the other players will be furious I would imagine. 

[Shilgy]

On 4/24/2024 at 2:36 PM, R_Swanson said:

 

8 yr vesting schedule, yada yada yada....

 

 

 

 

The money is nothing compared to LIV.  But the guys needed to get something.  Monahan will forever look like an idiot for not taking the Saudi's calls years ago.

Edited April 26 by pga43
removed link off Golfwrx

[DE-ILLINI]

28 minutes ago, Jones55 said:

Speith and JT rarely compete at the top of the leader board anymore, so how do they get 30 million each. 

That's not fair, some of the other players will be furious I would imagine. 

Maybe Zach Johnson helped figure out the distribution of funds.

[redfirebird08]

56 minutes ago, Jones55 said:

Speith and JT rarely compete at the top of the leader board anymore, so how do they get 30 million each. 

That's not fair, some of the other players will be furious I would imagine. 

To be honest I am surprised more guys have not moved to LIV Golf after the June 2023 framework announcement between the PGA Tour & Saudi PIF. The equity announcement today might nudge some of the players in the LIV direction.

[tiderider]

2 hours ago, kmbean said:

And who said U of Alabama undergrads can’t be financially successful!

[Nessism]

Just my opinion, but paying loyalty money is one of the most stupid things I've ever heard related to golf.  $100M to Tiger?  WTF?  Why?  Let him go to LIV.  He doesn't even play anymore.  This is yet another example of how the PGA Tour is getting it wrong.  

 

 

[Avidswampthing66]

BLAH BLAH MORE MONEY BLAH BLAH FART FART

[R_Swanson]

32 minutes ago, Shilgy said:

Not sure its really fair to say that the commissioner of one of the major sports in the America, and the leading golf league in the world, had to have a crystal ball to foresee that the PIF was going to inject money into golf, one way or another, and he should take them and their 700B+ seriously. 

The PIF was already making big moves into other sports.  They created "Golf Saudi" in 2018.  They weren't hiding the fact that they were serious.

[Shilgy]

2 minutes ago, R_Swanson said:

Not sure its really fair to say that the commissioner of one of the major sports in the America, and the leading golf league in the world, had to have a crystal ball to foresee that the PIF was going to inject money into golf, one way or another, and he should take them and their 700B+ seriously. 

The PIF was already making big moves into other sports.  They created "Golf Saudi" in 2018.  They weren't hiding the fact that they were serious.

Depends on how and why he was approached.  Everything else AFAIK has been within the framework of the respective sport. They went nuclear on golf and soccer( which makes little sense as they also…against league regulations…bought Newcastle FC)

 

It is easy to say shoulda….it was likely expected they would inject cash into DP World Tour which frankly needs the help.  
 

As you said they were getting in to other sports.  But in a much more rational way than paying $600m to someone to play for 4 years.  In a venture that seems to be a massive money pit.

 

Everyone seems to mention this $700b like it’s a bottomless well. Which it certainly is not when they want to build a miles long “city” made up essentially of one building that is budgeted for $500b. https://www.neom.com/en-us

 

 

[Shilgy]

2 hours ago, Nessism said:

Just my opinion, but paying loyalty money is one of the most stupid things I've ever heard related to golf.  $100M to Tiger?  WTF?  Why?  Let him go to LIV.  He doesn't even play anymore.  This is yet another example of how the PGA Tour is getting it wrong.  

 

 

They based it on career success and cultural popularity…

[R_Swanson]

40 minutes ago, Shilgy said:

Depends on how and why he was approached.  Everything else AFAIK has been within the framework of the respective sport. They went nuclear on golf and soccer( which makes little sense as they also…against league regulations…bought Newcastle FC)

 

It is easy to say shoulda….it was likely expected they would inject cash into DP World Tour which frankly needs the help.  
 

As you said they were getting in to other sports.  But in a much more rational way than paying $600m to someone to play for 4 years.  In a venture that seems to be a massive money pit.

 

Everyone seems to mention this $700b like it’s a bottomless well. Which it certainly is not when they want to build a miles long “city” made up essentially of one building that is budgeted for $500b. https://www.neom.com/en-us

 

 

 

Well, please note I didn't say he should have taken all their money and ran...  But he should have had the foresight to take their calls and had discussions.  That's his job - and its why he makes 15-20mm a year.  I've read all the reporting I can find on this aspect of the LIV / PGAT stuff, as its the part I find the most interesting, and from all accounts he refused to talk to the Saudi's.

 

Re: DP World Tour cash injection - correct me if I am wrong, but instead of talking to the Saudi's, didn't the PGA Tour make a strategic alliance with the DP Tour in 2020 - with the idea that it was fighting off another avenue that the PIF could take?  Speculation of course as to the reason why... but they injected more money into it in 2022 as a result of LIV. 

 

8% return on 700B is 56B a year.  Not a tough return, especially with the yield curve today.  They can pay for Neom with 9 yrs of returns - without taking into account compounding.

 

Here's the thing that most sad to me.  It was a real opportunity to control the narrative around this, and inject money downstream into golf.  It is not easy to be a professional golfer unless you are one of the top 300ish players in the world.  Sure, the top guys should be getting more money - and now they are, both on the PGAT and LIV, but the real opportunity was to inject money into the sport down the ranks.  You can be the 5,000th best basketball player in the world and make a nice living.  You can go be a bullpen guy in MEXICO and make 100k tax free.  Golf also has a unique opportunity as women sports are getting more airtime for societal reasons, and golf is one of the only three women's sports (tennis, golf and UFC) that people actually watch.  There was/is a lot of strategic opportunity to reshape the professional game in a way that can help a lot more people make a living playing it.  Instead Monahan decided it was best to put his head in the ground.  The guy is anything but a visionary.

 

Please note:  This doesn't mean I am a "LIV guy" or like the format or anything like that.  I don't.  I do watch it occasionally when I'm bored, as the app makes it so I can watch golf on a weeknight.  But I like 72 hole, cuts after 2 days golf the best.

 

Edited April 25 by R_Swanson

[kmbean]

Jay M at the PGAT Xmas party when JT’s wife walks in with a new mink

 

 

Edited April 25 by kmbean

[notsohard]

4 hours ago, Shilgy said:

Depends on how and why he was approached.  Everything else AFAIK has been within the framework of the respective sport. They went nuclear on golf and soccer( which makes little sense as they also…against league regulations…bought Newcastle FC)

 

It is easy to say shoulda….it was likely expected they would inject cash into DP World Tour which frankly needs the help.  
 

As you said they were getting in to other sports.  But in a much more rational way than paying $600m to someone to play for 4 years.  In a venture that seems to be a massive money pit.

 

Everyone seems to mention this $700b like it’s a bottomless well. Which it certainly is not when they want to build a miles long “city” made up essentially of one building that is budgeted for $500b. https://www.neom.com/en-us

 

 

Neom city has been cut back to 2 miles long now. No more 105 miles.

[cassel191919]

14 hours ago, CDLgolf said:

His accident was in Feb of 2021. Has he played in 1 full pga tour event since then (not counting majors) ? And every year he gets most pip money and now an extra 100 mil. 

Wow, that's just amazing to me. I know he was the greatest to play the game but if he's not capable of playing anymore why keep giving him millions and millions.

We seem to forget he is the ONLY reason the purses got to where they are, give the man his damn tribute

[redfirebird08]

30 minutes ago, notsohard said:

Neom city has been cut back to 2 miles long now. No more 105 miles.

Good decision 

[dwboston]

The closest analogue I can think of for this is the government bailing out the Wall Street banks after they imploded the global economy in 2008, and the banks using the TARP funds to pay bonuses to themselves.

 

I don't understand what the investment folks are getting for their $ when two-thirds of it is used immediately to pay player bonuses for past (and in some cases relatively ancient) performance.  It's a total misallocation of capital.

 

Jay Monahan is a moron who shouldn't be running a lemonade stand, let alone a billion-dollar enterprise.  His only solutions so far have been to copy the other league, beg for $, and spend said $ like a teenager with daddy's credit card for the first time.

 

[BlackDiamondPar5]

11 minutes ago, dwboston said:

The closest analogue I can think of for this is the government bailing out the Wall Street banks after they imploded the global economy in 2008, and the banks using the TARP funds to pay bonuses to themselves.

 

I don't understand what the investment folks are getting for their $ when two-thirds of it is used immediately to pay player bonuses for past (and in some cases relatively ancient) performance.  It's a total misallocation of capital.

 

Jay Monahan is a moron who shouldn't be running a lemonade stand, let alone a billion-dollar enterprise.  His only solutions so far have been to copy the other league, beg for $, and spend said $ like a teenager with daddy's credit card for the first time.

 

Agreed except for the last paragraph. I'm not sure Jay is a moron or not. He and the Board of Directors are responding to an irrational economic actor. Which I guess in turn looks moronic. 

Edited April 25 by BlackDiamondPar5

[RSinSG]

[dwboston]

7 minutes ago, BlackDiamondPar5 said:

Agreed except for the last paragraph. I'm not sure Jay is a moron or not. He and the Board of Directors are responding to an irrational economic actor. Which I guess in turn looks moronic. 

 

He arrogantly dismissed the notion that he had a competitor, panicked when he started losing players, refused to negotiate, played the 9/11 card, sent his remaining stars out to defend the Tour (and by extension, him), then hung them out to dry by striking the "framework" deal.  And lets not forget his health "crisis" in the middle of it all.

 

Any competent organization would have already sent him packing.  

[jjzee]

17 hours ago, mosesgolf said:

Gotta keep the big Alphas of the Tour happy.  They're the ones who make or break the PGA Tour.  It's comical some of the posts I've read here lately implying the Tour is in trouble because of decreased TV ratings and LIV yada yada.  The Tour is in a great place and flush with cash.

I agree. The Tour seems to be doing just fine. LIV, to me, just doesn't exist. I may watch a round recap on YouTube, but I am definitely not seeking out the broadcast. 

[jjzee]

13 hours ago, notsohard said:

 

 

When you haven’t won a PGA tournament in years but get tens of millions of dollars in equity

It literally pays to be buddies with The GOAT