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New PGA Tour Pension Figures


tmagfan2010

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That number is outrageously high. I'd like to see documentation on that one. The PGA will go broke with numbers like that.

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The pension fund gets some of it's funding by players deferring their winnigns from tournaments. I do not believe the 142 million for a 75th place winner for 20 years on tour is accurate. If you think about ti this way it makes no sense, 142 million over 20 years would be roughly 7 million a season. The 75th place money list guy does NOT make 7 mil a year, thus how could his pension be more than his career earnings?

 

Some things I (think I) remember:

Players build their pension accounts by performance. So a made cut contributes a set amount each year to your pension. That "per cut" amount increases after a set amount of cuts made in a year.

 

The amount of your pension that oyu can collect when it is all said and done is dependant upon how many tournaments you play in. It is not a straight percentage, but there are a number of "segments" each season which ultimately decide how much of you own pie you can collect

 

I also believe that they estimated Tiger's accumulated pension would be somewhere in $225-250M range.

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Its based on "cuts".....with I believe 150 being the number to fully "vest" the retirement.......then other factors influence the amount......total earnings/years/finishes...etc......and 142 million is NOT what the guy who's 75th on the list would earn........that I can GUARANTEE you......somebody forgot a decimal point.......:)

 

There are a number of "sources" for the $$$$'s.......for example, tour school entry fee's (minus the purse and expenses) go into the kitty, etc....

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