When it comes to Tiger Woods, money is never a problem. The golf legend is now officially part of the $1 billion club along with many famous sports stars. However, there are still hundreds of money-making opportunities for the golfer. But a recent update in one of the PGA Tour’s programs might potentially lower the pace of Woods’ financial growth.

Tiger Woods likely to suffer a huge loss due to the PGA Tour

Woods has been earning a huge part of his income from sponsorship deals and brand endorsements. Surprisingly, his tournament earnings don’t make a huge difference to his overall wealth. But when it comes to the PGA Tour’s PIP program, it has been a valuable bonus for the golfer.

The Tour introduced the Player Impact Program in 2021 as a way to retain professional golfers onboard. And there have been several changes to the operations and functioning of the program ever since its launch. During its inaugural year, the top 10 players have been rewarded bonuses out of a total $40 million pool. The golfer who brought the most positive attention to the game was to win the maximum amount. Clearly, Tiger Woods was able to grab the winner’s cheque worth $8 million.

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But looking at the rising transitions of players, the tour decided to raise the PIP amount to $100m for the top 20 players. Despite numerous disappointing performances during the year, Woods won again based on his popularity and pocketed $15 million. However, this year, things might be a little different for the golf legend assuming he is going to win again!

PGA Tour Commissioner, Jay Monahan, recently released a statement mentioning a significant reduction in the PIP money for 2024. “The Player Impact Program will be reduced to $50m, paid to the top 10 players (from $100m to the top 20). “The remaining funds will be reallocated to the FedEx Cup Bonus Program and the Comcast Business Tour top 10,” he wrote.

Tiger Woods And a $1 Billion Net Worth

The PGA Tour has been a second home to the GOAT since the beginning of his career. While numerous players decided to switch to LIV Golf, Woods stayed back and supported the Tour. And noticeably, the relationship between the 15x major winner and the American Tour has been going both ways. Although Woods is not officially in an authoritative position among the officials, his suggestions and decisions are of the highest importance to the Tour. Given that no one other than Woods has been able to bring more fans than him, it is safe to say that the golf star might win the highest PIP bonus yet again!

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