Report: PGA Tour rewards loyalty of Tiger Woods, Rory McIlroy
Jul 11, 2022; St. Andrews, SCT; Rory McIlroy and Tiger Woods during the R&A Celebration of Champions four-hole challenge at the 150th Open Championship golf tournament at St. Andrews Old Course. credits: Rob Schumacher-USA TODAY Sports Tiger Woods, Rory McIlroy and other PGA Tour stars are about to receive massive bonuses for their loyalty.
The Telegraph reported Wednesday that Woods will receive $100 million in equity as part of the newly created for-profit PGA Tour Enterprises, with McIlroy earning about half that amount.
The payouts are a way to thank players for sticking with the PGA Tour instead of jumping to rival LIV Golf and huge paydays from Saudi Arabia's Public Investment Fund.
Several hundred players will receive a stake, with most of it going to the top 36 players based on a formula that weighs career success and cultural popularity.
PGA Tour Enterprises received a reported $3 billion investment earlier this year from Strategic Sports Group, a consortium of sports owners that includes the New York Mets' Steve Cohen and the Atlanta Falcons' Arthur Blank.
—Field Level Media
Why Alabama vs. Ohio State Must Happen as Scheduled
The NBA’s Tanking Problem Is Getting Worse — Not Better
NBA Picks Tonight: Three Best Bets Before the All-Star Break
- Best NBA Betting Picks for Wednesday Feb. 11th Slate
- Early Super Bowl LXI Odds Favor Seahawks, Sleeper Betting Picks & More
- Sunday Feb 8th NBA Picks: Three Best Bets Today
- Super Bowl Betting Preview: Seahawks vs. Patriots Breakdown & Pick
- The Most Fun Super Bowl Prop Bets You Can Make This Year
- Super Bowl 60 Prop Bets: 10 Best Bets for Patriots vs. Seahawks
- UFC Fight Night at the Apex Best Betting Picks and Predictions
