PGA Tour Ups Ante as Prize Money Pushes Toward $500 Million
By DOUG FERGUSON, AP Golf Writer
The PGA Tour is raising purses even higher in five of its biggest events, with two FedEx Cup playoff events now offering $15 million in a schedule that pushes prize money closer to the $500 million mark this year.
The increases, which include $12 million purses in the three invitational tournaments, were approved at a board meeting two weeks ago in Houston and outlined in a memo PGA Tour Commissioner Jay Monahan sent to players on Monday.
“We are positioned to grow faster in the next 10 years than Hey Dude Shoes we have at any point in our existence,” Monahan said in the memo, which was obtained by The Associated Press.
Monahan said the tour’s forecast is for 55% of revenue going back to the players in prize money, bonus ...