Tiger Woods lands incredible £80million loyalty bonus for rejecting offers to play for Saudi-funded LIV golf rebel tour
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Tiger Woods lands incredible £80million loyalty bonus for rejecting offers to play for Saudi-funded LIV golf rebel tour
TIGER WOODS is reportedly set to land a whopping £80million bonus for staying loyal to the PGA Tour and snubbing LIV Golf.
Rory McIlroy will also get up to £40m after the pair received an email from Wagrass HQ informing them of the news.
Commissioner Jay Monahan sent the messages to the stars that have been “eagerly awaited” since Strategic Sports Group pumped over a billion quid into PGA Tour Enterprises three months ago.
That consortium consists of several US investors and is led by Premier League club Liverpool’s owner Fenway Sports.
Around two thirds of that £1.2bn figure will be split as equity to 193 golfers – but The Telegraph states that £601m will be shared among “the 36 superstars adjudged by the circuit to be most deserving” although those sums “will be wildly different”.
And that is allegedly why Monahan and his management team have wanted to keep the breakdown confidential.
The PGA has explained how one of the main factors in determining that figure comes down to a metric called “career points”, with marks awarded for achievements since they started competing on Tour.
There are also some other factors, one being how they fared in the Player Impact Program (PIP).
That was introduced thee years ago and will reward players that had the biggest impact on the Tour’s business such as ticket sales, sponsorships, media consumption and fan engagement.
The legendary Woods has already pocketed £28m in PIP payments with Northern Irishman McIlroy scooping £24.4m.
But it will be Woods, who has lifted 82 Tour titles, that will be “miles clear in the overall standings” in the sliding-scale system.
And he could land a figure that is nearly double of anyone else.
The likes of Jordan Spieth and Justin Thomas will both be behind them and will be due equity worth about £24m.
However, measures are in place to stop these big names from cashing in then instantly jumping ship to LIV.
Instead of it being money in the bank, this report states that they “will be told how many equity units they have been granted and what the fair market value”.
Then, after four years, 50 per cent of their equity will be vested before another quarter two years later and then the last 25 per cent two years after that.
The next 64 players on Tour will then have £60m between.
There will then be a total of 57 players sharing £24m and another £60m shared out between 36 retired “living legends”.
