With Tiger Woods’ Future in Jeopardy, Huge $1,500,000,000 Problem Plagues the PGA Tour as ‘Loyal’ Golfers Demand Compensation
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After the merger of the PGA Tour and LIV Golf was announced by the PGA Tour commissioner, players who have been devoted to the Tour were particularly stunned by this news since they rejected million-dollar deals from LIV Golf.
Following the announcement, several people criticized the chairman of the PGA Tour on social media. The good intentions of several PGA Tour players, including Rory McIlroy, Tiger Woods, and others, were misused. Many believed that LIV Golf’s offer should have been embraced by these elite players. Will Tiger Woods play in this joint venture? It is still unknown. However, Jay Monahan intervened and declared that these guys would be rewarded for their loyalty. However, the sum is so large that it appears that it will be causing the PGA Tour headaches in the near future. Let’s find out!
The total sum of the deals that were rejected by the top players
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Even though the future of the PGA Tour players hangs in the balance, many are seeking compensation for their loyalty, like Chesson Hadley. Though Jay Monahan had promised that these elite players loyalty would be rewarded, many assumed that this was a far-fetched dream that could cause trouble for the PGA Tour.
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Pointsbet USA recently shared a series of pictures in which it talked about how many different golfers had turned down the LIV Golf offer. Allegedly, Tiger Woods rejected $800 million, Rory McIlroy rejected $500 million, Jon Rahm was offered $400 million, and Hideki Matsuyama was offered $300 million. The list is not over yet; Will Zalatoris was offered $130 million, while Xander Schauffele reportedly turned down $100 million, and Patrick Cantlay was offered $100 million.
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The total amount of all the deals that LIV offered other than Tiger to all these players is $1,500,000,000. This is a big sum, and it is undoubtedly difficult to ignore. Even though Jay Monahan had pledged that the PGA Tour would compensate these players, given the sum involved, it is clear that this is not a simple commitment to keep. But will the PGA Tour have dominance in the merger?
The status of the PGA Tour after the merger
One of the top executives, Jimmy Dunne, explains the specifics of the deal. As the three organizations will now jointly own a new for-profit company, he revealed that the sovereign fund will only get the “right of first refusal” to be the PGA Tour’s investment partner.
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Following the announcement, Chamblee spoke about the merger on the Rich Eisen Show. In that statement, he noted that he thought it interesting that LIV golfers are celebrating while not fully comprehending the deal’s implications. According to him, Jay Monahan will be in charge of all LIV golfers following the merger, and their fines will be increased.
Watch this story: “I feel sad.” Rory McIlroy expresses his displeasure revolving around the billion-dollar dramas.
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Written by:
Edited by:
Manaal Siddiqui
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