In a memo sent to players on Wednesday, the PGA Tour detailed about $54 million in purse increases for eight existing tournaments: Sentry Tournament of Champions (from $8.2 million to $15 million), The Genesis Invitational, Arnold Palmer Invitational, WGC-Dell Technologies Match Play and The Memorial Tournament ($12 million to $20 million), the Players ($20 million to $25 million), FedEx St. Jude Championship and BMW Championship ($15 million to $20 million).
“These increases will be funded by sponsor support and supplemented in the short term by the operating reserve,” Monahan said in the memo. “Please note these amendments to the Resource Allocation do not affect previously announced prize money increases at other events.”
The PGA Tour is reverting back to a calendar-year schedule, with the FedEx Cup season taking place between January and August.
The tour also plans to add three events in a global golf series that will feature purses worth as much as $25 million and fields consisting of the top 50 players from the previous season’s FedEx Cup points standings. Those events, which will rotate in cities in Europe, Asia and the Middle East, might be added to the schedule in 2024.
The tour is also adjusting the field sizes for the FedEx Cup Playoffs, with the top 70 players qualifying for the first event at the FedEx St. Jude Championship, the top 50 at the BMW Championship and the top 30 at the Tour Championship at East Lake in Atlanta. Previously, the top 125 qualified for the first event, 70 in the second and 30 in the third.