Will Scottie Scheffler Get $100M in Equity Shares? PGA Tour Enterprises’ Criteria to Measure Pro’s Loyalty Explored
The recent speculation surrounding PGA Tour professionals such as Rory McIlroy and Tiger Woods receiving financial compensation from the PGA Tour has generated widespread curiosity and conjecture within the community. While the reported $100 million payout to Woods and $50 million to McIlroy have incited criticism towards PGA Tour commissioner Jay Monahan, there is growing inquiry into whether other pros are also receiving equity.
As Woods and McIlroy are poised to receive financial compensation for their loyalty to the Tour, questions swirl around Scottie Scheffler, the current #1 golfer. Whether he will receive a similar $100 million equity share as the 15x major champion? What are the criteria for determining who receives what share? Let’s explore this issue further and uncover the details.
According to reports, the Tour has already outlined the criteria for determining financial compensation. However, out of the total amount, two-thirds will be distributed as equity among 193 golfers, while $750 million will be divided among 36 distinguished players based on a metric called Career Points. It is on the achievements on the Tour the golfer has had in his tenure of playing on it.
Mar 16, 2024; Ponte Vedra Beach, Florida, USA; Scottie Scheffler on the second green during the third round of THE PLAYERS Championship golf tournament. Mandatory Credit: David Yeazell-USA TODAY Sports
In addition to Career Points, the Player Impact Program introduced three years ago also plays a significant role in determining superstar golfers. The lucky three dozen will rub their hands, but the next 64 players will also collect $ 75 million in equity between them. The next 57 players will share $30 million and another $75 million will be allotted between the 36 players considered living legends who have retired. In each group, Career Points will be the overriding determinant.
Despite the criteria relying on the accomplishments of the pro players or their tenure in competition, Scheffler’s name might or might not be included on the list of 36 elite golfers. Scheffler held the fifth position on the PIP 2023 list of the PGA Tour and received a $6 million reward. He is undoubtedly a great and elite player and has been untouchable this year, but he does not have the legacy that Woods has. This might cause a hindrance in him getting a hefty payout in equity-like GOAT. If the golfer gets a spot in the list of 36 elite golfers, his payout if $750 million gets divided equally among 36 players would be nearly $20 million.
Following the list from last year’s PIP money, who else might find a place among the 36 superstar golfers?
