Logo of Phnom Penh Post newspaper Phnom Penh Post - PGA Tour to boost 2022 prize money

PGA Tour to boost 2022 prize money

Content image - Phnom Penh Post
US golfer Billy Horschel poses with the trophy after his victory in the PGA Championship at Wentworth Golf Club in Surrey, southwest of London on September 12. AFP

PGA Tour to boost 2022 prize money

The PGA Tour said Monday it plans to increase prize money at its most lucrative events in 2022, pumping millions more dollars into limited-field tournaments in a move that comes amid reports of a new Saudi Arabia-backed golf series.

In a memo sent to players on Monday, PGA Tour Commissioner Jay Monahan outlined plans to boost purses for players across the board.

“Financial rewards and other benefits – not just for the top players but for the entire membership – are growing at an extraordinary pace,” Monahan wrote adding the tour is “stronger than at any time in our history.”

The FedEx Cup bonus pool for 2022 has increased by $15 million to $75 million, while the FedEx Cup champion will receive a whopping $18 million – up from the $15 million scooped by Patrick Cantlay earlier this year.

The opening two events of the FedEx Cup playoffs – the St Jude and the BMW Championship – will each increase their purses by more than $5 million to $15 million.

The Players Championship prize money has been increased from $15 million to $20 million, making it the richest event in golf.

The PGA Tour’s three invitational events – the Genesis Invitational, the Arnold Palmer Invitational and Jack Nicklaus’s Memorial will now offer $12 million each in prize money – an increase of nearly $3 million per tournament.

The annual $10 million bonus pool on offer for the Tour’s top 10 players during the regular season has also been doubled to $20 million.

The tour will also increase money distributed via its Player Impact Programme, the controversial initiative launched this year designed to recognise and reward players whose impact and influence is measured by different metrics such as social media engagements and media coverage generated.

The Player Impact Programme prize pool has increased from $40 million to $50 million.

Although Monahan’s memo made no mention of rival tours, details of the boosted prize money come just weeks after former world number one Greg Norman announced plans to launch 10 new events with the Asian Tour over the next decade.

The partnership comes with financial backing from PIF – the Saudi sovereign wealth fund involved in the recent takeover of Premier League side Newcastle United – and a commitment of more than $200 million.

The new events will be staged across Asia, the Middle East and Europe and the series will be added to the Asian Tour schedule starting next year.

Asian Tour commissioner and chief executive Cho Minn Thant said earlier this month that Norman and his Saudi backers harbor ambitions to start a “super league.”


  • Omicron patients can stay home: PM

    The Ministry of Health has issued a directive on the treatment of people who have tested positive for the highly transmissible Omicron coronavirus variant, following a suggestion from Prime Minister Hun Sen on the night of January 21. The directive permits home quarantine for those who

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • Hun Sen gets 4th Covid shot, urges compatriots to follow

    Prime Minister Hun Sen and his wife Bun Rany on January 14 received their fourth dose of Covid-19 vaccine and called on compatriots to follow suit as the Omicron coronavirus variant continues to spread in the community. This marks the launch of Cambodia's fourth-dose vaccination campaign,

  • Fourth dose Covid booster drive jabs 43K in two days

    In the first two days of the fourth-dose Covid-19 vaccination campaign, more than 43,000 people volunteered to get the jabs, while over 4.6 million people have received a third shot. Health ministry spokeswoman Or Vandine said that fourth-dose vaccinations, which began on January 14 exclusively with the Pfizer

  • Singapore backs Cambodia's efforts on Myanmar

    Singaporean Prime Minister Lee Hsien Loong supports Cambodia in its efforts to seek a solution to the ongoing Myanmar crisis as the chair of ASEAN. Lee expressed his support during a meeting with Prime Minister Hun Sen via videoconference on January 14, with the talks focused