With the PGA Tour facing perhaps its biggest threat in the LIV Golf Invitational Series, it announced a 2022-23 schedule on Monday that includes a record $428.6 million in official events and $145 million additional dollars in bonuses, including $75 million for the FedEx Cup.
The 2022-23 schedule, which was released Monday by the PGA Tour, will feature 44 official regular season tournaments, including all four majors, and three FedEx Cup playoff events.
Last week, LIV Golf, which is funded by Saudi Arabia’s Public Investment Fund, announced it would expand its series to 14 tournaments in 2023, with 48 players in teams of four competing for 405 million price dollars.
LIV Golf has attracted great champions such as Dustin Johnson, Phil Mickelson, Brooks Koepka and Patrick Reed with guaranteed contracts worth between $100 million and $200 million, in addition to lucrative purses for its events.
The upcoming PGA Tour season will be the last to use a wraparound format. The tour returns to an annual schedule from 2024.
Among other significant changes: only the top 70 players will qualify for the first FedEx Cup playoff event at the FedEx St. Jude Championship in Memphis, Tennessee; 50 at the BMW Championship at Olympia Fields, Illinois; and 30 in the Tour Championship at East Lake Golf Club in Atlanta.
“We heard from our fans and the overwhelming feeling was that they wanted more consequences for both the FedEx Cup regular season and the playoffs, and to further strengthen the events that traditionally feature the best players competing. “said the commissioner of the PGA Tour. Jay Monahan said in a statement. “We are confident that we have achieved all of these goals and more, creating a cadence of compelling drama for every tournament throughout the season.”
Following the FedEx Cup Qualifiers in August 2023, an as-yet-undetermined number of official tour events will take place in the fall. While all players with status will be eligible to participate in these tournaments, those not in the top 70 will compete for FedEx Cup points and status for the 2024 season. The top 70 players who qualify for the first elimination event of the FedEx Cup will be fully exempt for next season.
After the fall events conclude, the top 50 players on the FedEx Cup Points Leaderboard, along with the top fall players, will compete in an International Series that will include limited fields and no cuts. Dates and locations for fall events and international series will be announced later this year, according to the PGA Tour.
Next season’s PGA Tour schedule features six invitational tournaments – the Sentry Tournament of Champions, Genesis Invitational, Arnold Palmer Invitational, Memorial Tournament, Players Championship and WGC-Dell Technologies Match Play – whose purses have increased by $43.8 million in total. The first two FedEx Cup playoff events will see their prize money increase from $15 million to $20 million.