pga champions tour hoag classic payout

2023 Hoag Classic: Prize Money Breakdown and Winner’s Payout

pga champions tour hoag classic payout

PGA, Golf Herren PNC Championship – Pro-Am Dec 16, 2022 Orlando, Florida, USA John Daly hits his tee shot on the second hole during a pro-am round of the PNC Championship golf tournament at Ritz Carlton Golf Club Grande Lakes Orlando Course. Orlando Ritz Carlton Golf Club Grande Lakes Orlando Course Florida USA, EDITORIAL USE ONLY PUBLICATIONxINxGERxSUIxAUTxONLY Copyright: xReinholdxMatayx 20221216_jcd_mb4_0036

For one week each year, the international spotlight shines brightly on Newport Beach and Orange County. Massive galleries can be witnessed in Newport Beach Country Club. And to add to the feel of excitement, Hoag Classic is the finest stop on the PGA TOUR Champions. In 2019, this event entered a new era with Hoag as the title sponsor and Konica Minolta and City National Bank as presenting partners. The Hoag Classic saw unimaginable attendance and a recharged excitement about PGA TOUR golf in Orange County. But what about this year? What is the prize money on the line?

What is on the line at the 2023 Hoag Classic?

It’s the fifth event of the season 2023. 78 golfers will take over the California host course and play to claim the prize money. There is no cut. This year, the field will be headed by Miguel Angel Jimenez, Bernhard Langer , and Steve Stricker. The top five players in the final standings will be paid a part of the $2.1 million bonus pool based on the points. The PGA Tour Champions does not offer Official World Golf Ranking points for its events.

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Hoag Classic 2023 Purse: Payout and Prize Money Distribution

One of the most popular PGA Tour Champions events featuring some top senior professionals initiated this Friday in California. Here you will find the latest information on prize money and purse breakdown of the ongoing Hoag Classic 2023.

Hoag Classic 2023 Purse:

The Hoag Classic featured by Hoag Health System is a popular PGA Tour Champions event held in Newport Beach Country Club every year. It is a standard senior’s golf event with 3-round based stroke play rules.

The ongoing edition of the event is featuring 78 professional golfers and a $2 million prize pool. As the purse pool amount is similar to last year, very little difference in purse distribution is expected in the 2023 event.

There will be additional perks for players to earn in the California-based senior’s golf event. As the money earned from this one will be counted towards the Charles Schwab Cup point list. However, players won’t be receiving any OWGR points from it.

The winner’s share at Hoag Classic 2023 is set at $300,000. It is a standard 15% share of the complete purse pool. It is the same amount as the previous event champion, Retief Goosen received in 2022.

The runner-up of the event will be rewarded a $176,000 reward. While the 3 rd placeholder will receive $144,000. Moreover, all 78 participants of the event are set to receive a share of the purse pool based on their leaderboard position.

According to an official statement, even the 76 th , 77 th , and 78 th golfers are set to earn $1,160, $1,080, and $1,000 respectively. Which is again the same amount as the 2022 event’s position holders received.

Hoag Classic 2023 Payouts:

The official purse distribution list of ongoing Hoag Classic 2023 for the PGA Tour Champions calendar is listed below –

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pga champions tour hoag classic payout

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2023 Hoag Classic purse, winner’s share, prize money payout

pga champions tour hoag classic payout

The 2023 Hoag Classic purse is set for $2 million, with the winner's share coming in at $300,000 -- the standard 15 percent payout according to the PGA Tour Champions' prize money distribution chart .

The Hoag Classic field is headed by Miguel Angel Jimenez, Bernhard Langer and Steve Stricker.

It's the fifth event of the season, with 78 players taking on the California host course. There is no cut.

For 2023 Hoag Classic results and payout , see our final leaderboard

This tournament is played at Newport Beach Country Club in Newport Beach, Calif.

The Hoag Classic will be played over three days from Thursday through Saturday.

The PGA Tour Champions logo

What else is on the line: Charles Schwab Cup points, OWGR points, exemptions

Beyond money, there are important points, perks and benefits on the line for the field -- in particular, the tournament winner.

The money earned this week counts toward the Charles Schwab Cup points list. Each dollar earned translates into a regular season point to qualify for the Charles Schwab Cup playoffs in 2023.

At the season of the season in 2023, the top five players in the final standings are paid part of the $2.1 million bonus pool (all as annuities), based on the points standings.

The PGA Tour Champions does not offer Official World Golf Ranking points in its events.

2023 Hoag Classic purse, winner's share, prize money payout

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Ryan Ballengee is founder and editor of Golf News Net. He has been writing and broadcasting about golf for nearly 20 years. Ballengee lives in the Washington, D.C. area with his family. He is currently a +2.6 USGA handicap, and he has covered dozens of major championships and professional golf tournaments. He likes writing about golf and making it more accessible by answering the complex questions fans have about the pro game or who want to understand how to play golf better.

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  • The only official PGA TOUR Champions event in Orange County
  • Draws over 70,000 patrons, 250+ sponsors and 800 volunteers each year
  • One of the most philanthropic events in PGA TOUR Champions history raising over $20 million for Hoag and other local charities
  • Boasts 34 PGA TOUR Champions members in the World Golf Hall of Fame, many of who are still actively competing
  • Will feature players with over 400 world-wide professional victories and over 50 major championships
  • Largest corporately attended event in Orange County with over 250 corporate sponsors who entertain customers and clients during the tournament

The Hoag Classic is one of the most prestigious events on the PGA TOUR Champions. It hosts the finest field of professional golfers all year, is played at one of the most scenic golf courses and has donated record earnings for charity.

Known as the most philanthropic tournament on the PGA TOUR Champions, this event is highly regarded for its profound history of giving. In 2000, it became the first event to raise $1,000,000 for charity – which went unmatched for four years. We set the standard that has since become the model for every TOUR event.

For 20 years, the tournament has raised over $20,000,000 which directly aided our community in Southern California. Proceeds have benefitted many of Hoag’s institutes including the Hoag Family Cancer Institute, the Sue & Bill Gross Women’s Pavilion, Jeffrey M. Carlton Heart and Vascular Institute, and Mary & Dick Allen Diabetes Center. In addition to Hoag, tournament proceeds have also been contributed to more than 50 local charities.

Hoag Classic’s charitable initiatives include support of local military families and charities and support of Hoag Employees trying to continue their education. To learn more about each of these initiates, please continue reading below.

Tournament History

Hoag Hospital began its journey in professional golf in 1975 with the Crosby Southern Pro-Am. Nearly 50 years later, Hoag has accomplished more than anyone could have imagined since that first event at Newport Beach Country Club.

pga champions tour hoag classic payout

Marshall Duffield

In 1974, Bing Crosby, internationally renowned singer, actor and future World Golf Hall of Fame member, was looking for a place to hold a satellite event for golf professionals who missed the cut at this famous Pebble Beach Pro-Am Tournament. Marshall Duffield, a friend of Crosby who was a Hoag Hospital 552 Club and Newport Beach (Irvine Coast) Country Club member, enlisted his friend Charley Hester, another 552 Club member, to negotiate a deal for a tournament benefitting Hoag. Crosby put up $10,000 in prize money for the first tournament, and in 1975 the first Crosby Southern Pro-Am was held in Newport Beach.

Over the next 22 years, many future stars of the PGA TOUR visited the tournament – renamed the Newport Classic Pro-Am in 1987, and the Taco Bell Newport Classic from 1993-1997. In that two decade plus span, the total net proceeds raised for Hoag totaled over $2,300,000.

In the spring of 1997, the Senior PGA TOUR (now PGA TOUR Champions) approached Hoag to take over operations of the local TOUR event, and in the fall Hoag began its new venture as host and manager of the Toshiba Senior Classic.

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Hank Adler and Jake Rohrer

Although the Toshiba Senior Classic had existed in the community for three years under different management, Hoag was essentially starting a brand new tournament with only five months to prepare. Hank Adler, who had chaired the Taco Bell Newport Classic, and Jake Rohrer, who had chaired several of the previous tournaments, took on new leadership roles as co-chairmen. Hank was instrumental in transitioning Newport Classic sponsors to the Toshiba Senior Classic and soliciting new sponsors, while Jake focused on the crucial task of recruiting and organizing 1,000 volunteers. Newport Beach Country Club continued its important partnership as host club.

The tournament became an instant success, as the partnership of Hoag, Toshiba, Newport Beach Country Club, and the PGA TOUR proved to be a magical formula. The 1998 tournament quickly raised over $700,000 for charity, and two short years later Hoag produced the first PGA TOUR Champions tournament to ever raise $1,000,000 for charity.

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Hank Adler, Ira Garbutt, Jeff Purser, Paul Folino, Jake Rohrer

After two successful decades, including crossing the $20 million charitable threshold, Hoag assumed title sponsorship in 2019 and the event became the Hoag Classic.

Don’t Miss Out! See You At Newport Beach Country Club.

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2024 corales puntacana championship prize money payouts for each pga tour player, share this article.

pga champions tour hoag classic payout

It wasn’t a big-money signature event like this week’s RBC Heritage was but, there was still $4 million on the line at the 2024 Corales Puntacana Championship, with $720,000 going to the winner.

And the winner was Billy Horschel , who now has eight wins in his PGA Tour career. The second opposite-field event also had 300 FedEx Cup points on the line for the victor.

Horschel goes over the $36 million mark in career earnings in his 333rd start.

Wesley Bryan pocketed $436,00 for his solo second. Kevin Tway banked $276,000 for his solo third.

See the complete prize money payouts at the 2024 Corales Puntacana Championship in the Dominican Republic.

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Zurich Classic of New Orleans

TPC Louisiana

payday in the big easy

Here’s the prize money payout for each golfer at the 2024 Zurich Classic of New Orleans

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Tracy Wilcox

It’s team time on the PGA Tour, where, after two weeks of the top stars playing against each other in massive events, there is a brief respite for a week to play in a different format for four days in a much more relaxed atmosphere. Not that they aren’t attempting to bring home the hardware at the Zurich Classic, but the last two weeks were spent grinding at a major championship and a signature event.

This week at TPC Louisiana, however, there are some bigger names in the field than usual, with five of the top 15 players in the world in action. They’re all competing for an $8.9 million overall purse and the winners will both take home $1.286 million.

RELATED: Watch Alex Fitzpatrick roast brother Matt to his face during press conference

Rory McIlroy is making his tournament debut and is playing with Ryder Cup buddy Shane Lowry. Patrick Cantlay and Xander Schauffele, 2022 Zurich winners, are back to make a run. There are three sets of brothers in the field—twins Rasmus and Nicolai Hojgaard, twins Parker and Pierceson Coody, Alex and Matt Fitzpatrick.

Other teams of note: Steve Stricker and Matt Kuchar, Sahith Theegala and Will Zalatoris, Collin Morikawa and Kurt Kitayama, Canadians Nick Taylor and Adam Hadwin.

Here is the prize money rundown for each team who makes the cut. Check back here Sunday after the tournament is over for updates. (Reminder: these figures below are what each player will earn individually)

WIN: $1.286 million

2: $525,100

3: $343,762

4: $289,250

5: $251,425

6: $215,825

7: $180,225

8: $157,975

9: $140,175

10: $122,375

11: $104,575

12: $89,222

13: $74,849

14: $67,195

15: $61,855

16: $56,515

17: $51,397

18: $46,947

19: $42,720

20: $39,160

21: $35,600

22: $32,040

23: $28,489

24: $25,098

25: $22,784

26: $21,627

27: $20,826

28: $20,381

29: $20,025

30: $19,669

31: $19,313

32: $18,957

33: $18,601

34: $18,245

35: $17,889

36: $17,533

37: $17,177

38: $16,821

39: $16,465

40: $16,109

41: $15,753

42: $15,397

43: $15,041

44: $14,685

45: $14,329

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2024 RBC Heritage prize money payouts for each PGA Tour player

It pays to play well on the PGA Tour. Just ask  this week’s winner, Scottie Scheffler .

The 27-year-old won the 2024 RBC Heritage at Harbour Town Golf Links in Hilton Head Island, South Carolina, on Monday after play was suspended for two-and-a-half hours on Sunday due to inclement weather and then later for darkness. The win is the world No. 1's fourth in his last five starts and 10th of his PGA Tour career.

Last week Scheffler won $3.6 million at the Masters and he earned another $3.6 million for his win this week in the PGA Tour's latest big-money signature event. Sahith Theegala, who finished three shots back in second, banked a hefty $2.18 million for his runner-up showing. Patrick Cantlay and Wyndham Clark, who finished T-3 at 15 under, each banked $1.18 million.

With $20 million up for grabs, check out how much money each PGA Tour player earned this week at the 2024 RBC Heritage in Hilton Head.

Prize money payouts

This article originally appeared on Golfweek: 2024 RBC Heritage prize money payouts for each PGA Tour player

Scottie Scheffler of the United States arrives to the trophy presentation after winning during the continuation of the final round of the RBC Heritage at Harbour Town Golf Links on April 22, 2024 in Hilton Head Island, South Carolina. (Photo by Jared C. Tilton/Getty Images)

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PGA Tour has a team event in New Orleans. LIV Golf returns Down Under

Rory McIlroy, of Northern Ireland, watches his tee shot on the second hole during the third round of the RBC Heritage golf tournament, Saturday, April 20, 2024, in Hilton Head Island, S.C. (AP Photo/Chris Carlson)

Rory McIlroy, of Northern Ireland, watches his tee shot on the second hole during the third round of the RBC Heritage golf tournament, Saturday, April 20, 2024, in Hilton Head Island, S.C. (AP Photo/Chris Carlson)

Shane Lowry, of Ireland, chips to the green on the fifth hole during the second round of the RBC Heritage golf tournament, Friday, April 19, 2024, in Hilton Head Island, S.C. (AP Photo/Chris Carlson)

Patrick Cantlay hits from the bunker on the ninth hole during the final round of the RBC Heritage golf tournament, Sunday, April 21, 2024, in Hilton Head Island, S.C. (AP Photo/Chris Carlson)

Xander Schauffele watches his tee shot on the ninth hole during the second round of the RBC Heritage golf tournament, Friday, April 19, 2024, in Hilton Head Island, S.C. (AP Photo/Chris Carlson)

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ZURICH CLASSIC OF NEW ORLEANS

Site: Avondale, Louisiana.

Course: TPC Louisiana. Yardage: 7,425. Par: 72.

Prize money: $8.9 million. Winner’s share: $1.286 million for each player.

Television: Thursday-Friday, 3:30-6:30 p.m. (Golf Channel); Saturday-Sunday, 1-3 p.m. (Golf Channel), 3-6 p.m. (CBS).

Defending champions: Davis Riley and Nick Hardy.

FedEx Cup leader: Scottie Scheffler.

Last week: Scottie Scheffler won the RBC Heritage.

Notes: This is the PGA Tour’s only team event, with two rounds of fourballs and two rounds of foursomes. ... The winners do not get world ranking points or a Masters invitation. ... Rory McIlroy is playing for the first time, partnering with Shane Lowry. Friends since their youth, they have played only one Ryder Cup match together. ... The field includes three sets of brothers, two of them twins — Parker and Pierceson Coody, and Rasmus and Nicolai Hojgaard. The other set is Matt and Alex Fitzpatrick. ... Patrick Cantlay and Xander Schauffele are the only team where both players are ranked in the top 10. They won the Zurich Classic two years ago. ... Ryder Cup captain Luke Donald is playing with Francesco Molinari, one of his assistant captains in Rome. ... Steve Stricker is making a rare appearance on the PGA Tour. Stricker won the Charles Schwab Cup last year on the PGA Tour Champions. He is playing with Matt Kuchar.

Next week: AT&T Byron Nelson.

Brendan Steele of HyFlyers GC waves to the crowd during the second round of LIV Golf Adelaide at the Grange Golf Club Saturday, April 27, 2024 in Adelaide, Australia.(John Ferrey/LIV Golf via AP)

Online: https://www.pgatour.com/

JM EAGLE LA CHAMPIONSHIP

Site: Los Angeles.

Course: Wilshire GC. Yardage: 6,258. Par: 71.

Prize money: $3.75 million. Winner’s share: $562,500.

Television: Thursday-Friday, 6:30-9:30 p.m. (Golf Channel); Saturday-Sunday, 6-9 p.m. (Golf Channel).

Defending champion: Hannah Green.

Race to CME Globe leader: Nelly Korda.

Last week: Nelly Korda won The Chevron Championship.

Notes: Nelly Korda withdrew from the tournament coming off winning her second major and fifth win in a row. ... The prize money was raised to $3.75 million and the sponsors are paying for players’ hotels. It still attracted only six of the top 10 in the world. ... Among those not playing are Lydia Ko and Lilia Vu, who withdrew last week with injury. ... Patty Tavatanakit and Alison Lee are among those who played college golf nearby at UCLA. ... Paula Creamer is in the field based on being in the top 20 on the LPGA career money list. ... This is the second LPGA event in the Los Angeles area in the last five weeks. Korda won the Fir Hills Seri Pak Championship down the coast at Palos Verdes Estates. ... Rose Zhang is coming off a missed cut in the first LPGA major of the year. ... Lexi Thompson, who has not won in five years and is coming off a missed cut in the Chevron Championship, is not in the field.

Next tournament: Cognizant Founders Cup on May 9-12.

Online: https://www.lpga.com/

LIV GOLF LEAGUE

LIV GOLF ADELAIDE

Site: Adelaide, Australia.

Course: The Grange GC. Yardage: 6,946. Par: 72.

Prize money: $20 million. Winner’s share: $4 million.

Television: Thursday-Saturday, 9:30 p.m. to 2:30 a.m. (CW app). Saturday-Sunday, 1-6 p.m. (CW Network-tape delay).

Defending champion: Talor Gooch.

Points leader: Joaquin Niemann.

Last tournament: Dean Burmester won LIV Golf Miami.

Notes: LIV Golf’s tournament in Adelaide last year featured one of the largest galleries of the year. ... LIV Golf Adelaide is where Talor Gooch won the first of his three titles last season. He is not in the field for any of the majors this year. ... LIV Golf had three players finish among the top 10 in the Masters. Cameron Smith and Bryson DeChambeau tied for sixth, and Tyrrell Hatton tied for ninth. ... Jon Rahm has yet to win since joining LIV in December. Rahm’s last victory was the Masters a year ago. ... Dustin Johnson, who won LIV Golf Las Vegas in early February, has missed the cut in his last two majors. Joaquin Niemann remains the points leader this year based on his two LIV titles. He made the cut in the Masters and already has received an exemption to play in the PGA Championship. ... Peter Uihlein began his three-week swing by playing the Saudi Open last week. He shot 66-63 on the weekend to finish third.

Next week: LIV Golf Singapore.

Online: https://www.livgolf.com/

EUROPEAN TOUR AND JAPAN GOLF TOUR

ISPS HANDA CHAMPIONSHIP

Site: Gotemba, Japan.

Course: Taiheiyo Club. Yardage: 7,262. Par: 70.

Prize money: $2.25 million. Winner’s share: $375,000.

Television: Wednesday-Thursday, 11 p.m. to 4 a.m. (Golf Channel); Saturday-Sunday, 11 p.m. to 3:30 a.m. (Golf Channel).

Previous winner: Lucas Herbert.

Race to Dubai leader: Rory McIlroy.

Last tournament: Scottie Scheffler won the Masters.

Notes: This is the second year of a European tour co-sanctioned event with the Japan Golf Tour in Japan. ... The tournament is the third of four events in the Asian Swing. The winner of this series gets a $200,000 bonus, and the top three get spots in the PGA Championship at Valhalla next month. ... The field includes Matthieu Pavon of France and Christiaan Bezuidenhout of South Africa. Both played in the RBC Heritage at Hilton Head last week. ... Keita Nakajima makes his first start since winning the Hero Indian Open for his first European tour victory. ... Kazuma Kobori received a sponsor exemption. The 22-year-old was born in Japan and plays under the New Zealand flag. He has three wins this year on the PGA Tour of Australasia. ... The field includes most of the rising Japanese stars, such as Nakajima, Takumi Kanaya and Taiga Semikawa. ... Lucas Herbert is not defending his title because he is with LIV Golf in Australia.

Next week: Volvo China Open.

Online: https://www.europeantour.com/dpworld-tour/ and https://www.jgto.org/en/

PGA TOUR CHAMPIONS

MITSUBISHI ELECTRIC CLASSIC

Site: Duluth, Georgia.

Course: TPC Sugarloaf. Yardage: 7,179. Par: 72.

Prize money: $2 million. Winner’s share: $300,000.

Television: Friday, noon to 3 p.m. (Golf Channel); Saturday-Sunday, 3-6 p.m. (Golf Channel).

Defending champion: Stephen Ames.

Charles Schwab Cup leader: Steven Alker.

Last week: Paul Broadhurst won the Invited Celebrity Classic.

Notes: Paul Broadhurst became the seventh winner in the seven tournaments on the PGA Tour Champions this year. ... Steven Alker returns to action after taking last week off. ... Ricardo Gonzalez is the only first-time winner on the PGA Tour Champions this year. ... Broadhurst (58) became the third player 58 or older to win this year. He joins Stephen Ames (Chubb Classic) and Joe Durant (Cologuard Classic), both of whom are 59. ... The seven winners on the PGA Tour Champions come from seven countries — New Zealand, Canada, England, United States, Argentina, South Africa and Ireland. ... Thomas Bjorn has been a runner-up and tied for third in his two starts on the PGA Tour Champions this year. ... One week after Vijay Singh made his 20th cut at the Masters, the 61-year-old tied for sixth in the Invited Celebrity Classic. ... The TPC Sugarloaf hosted a PGA Tour event until 2007.

Next week: Insperity Invitational.

Online: https://www.pgatour.com/pgatour-champions

KORN FERRY TOUR

VERITEX BANK CHAMPIONSHIP

Site: Arlington, Texas.

Course: Texas Rangers GC. Yardage: 7,010. Par: 71.

Prize money: $1 million. Winner’s share: $180,000.

Television: None.

Defending champion: Spencer Levin.

Points leader: Steven Fisk.

Last week: Tim Widing won the Lecom Suncoast Classic.

Next tournament: AdventHealth Championship on May 16-19.

Online: https://www.pgatour.com/korn-ferry-tour

OTHER TOURS

PGA of America: PGA Professional Championship, Fields Ranch at PGA (East and West), Frisco, Texas. Defending champion: Braden Shattuck. Television: Tuesday, 5-8 p.m. (Golf Channel); Wednesday, 4-7 p.m. (Golf Channel). Online: https://www.pga.com/

Epson Tour: IOA Championship, Morongo GC at Tukwet Canyon, Beaumont, California. Defending champion: Miranda Wang. Online: https://www.epsontour.com/

Challenge Tour: UAE Challenge, Saadiyat Beach GC, Abu Dhabi, United Arab Emirates. Previous winner: Maximilian Rottluff. Online: https://www.europeantour.com/challenge-tour/

Ladies European Tour: Investec South African Women’s Open, Erinvale Country and Golf Estate, Somerset West, South Africa. Previous winner: Ashleigh Buhai. Online: https://ladieseuropeantour.com/

PGA Tour Americas: Diners Club Peru Open, Los Inkas GC, Lima, Peru. Previous winner: Marcos Montenegro. Online: https://www.pgatour.com/americas

Japan LPGA: Panasonic Open, Hamano GC, Chiba, Japan. Defending champion: Lala Anai. Online: https://www.lpga.or.jp/en/

Korea LPGA: KLPGA Championship, Lakewood CC, Yangju, South Korea. Defending champion: Dayeon Lee. Online: https://klpga.co.kr/

AP golf: https://apnews.com/hub/golf

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Tiger Woods, Rory McIlroy to receive massive loyalty payouts from PGA Tour after equity investment, per report

The two most popular players on the pga tour will be made whole this week after turning down overtures from liv golf.

The Masters - Round Two

The loyalty shown by Tiger Woods, Rory McIlroy and other star golfers to the PGA Tour will be officially rewarded on Wednesday. Woods is set to receive $100 million in equity as part of the newly created for-profit PGA Tour Enterprises with McIlroy obtaining about half as much equity,  according to the Telegraph , 

The stakes being awarded to Woods, McIlroy and other PGA Tour stars are part of a make-good by the league to thank players for sticking by its side rather than leave for big-money contracts from LIV Golf (as backed by Saudi Arabia's Public Investment Fund).

Earlier this year, PGA Tour Enterprises received an investment of up to $3 billion from Strategic Sports Group, a high-profile assortment of billionaire sports owners. While it is unclear how that investment will be spent, this equity distribution will be backstopped by those funds.

Payouts are being handed to players based on a variety of factors, including career success and cultural popularity. Several hundred players will receive stakes, though the majority of that equity -- up to $750 million -- will go to the top 36 players as determined by an undisclosed formula that takes into consideration the aforementioned factors, among others.

While the figures are gaudy, this is not simply a cash payout, as explained by the  Telegraph .

After four years, 50 percent of their equity will be vested, with another 25 percent two years later and the remaining amount two years after that. They will also have to fall in line with the rules, which as well as not decamping, involve meeting the minimum requirements for Tour membership and, if not, providing services such as sponsors meets and media appearances.

How this plays out going forward will be interesting. There will reportedly be $100 million in equity handed out annually, which will add up quickly. Even with the $3 billion backing, that's a lot of equity going to current and future players.

Regardless, the intent is clear: The PGA Tour is rewarding players for their loyalty. It is also attempting to align incentives within the organization. PGA Tour commissioner Jay Monahan said as much at The Players Championship earlier in this year. 

"Historically, our structure has limited our ability to make transformative investments into the sport," he said. "With PGA Tour Enterprises, with our 13-member board of directors now in place and the partnership with Strategic Sports Group, we've changed that dynamic and unleashed our potential for future growth.

"With our player equity program, which is the first in professional sports, our interests and those of our players will be more deeply aligned. Our business thrives when together we're all laser focused on delivering for our fans. If we fail on that front, we fail on every front."

Players will reportedly begin receiving emails with the amount of equity they have been awarded this week. The equity numbers will be based on the $12 billion valuation from earlier this year when the SSG received 25% of PGA Tour Enterprises for its up to $3 billion investment. 

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PGA TOUR Champions

Hoag Classic

Newport Beach CC

Newport Beach, California • USA

Mar 4 - 6, 2022

IMAGES

  1. PGA Champions Hoag Classic 2022 on Behance

    pga champions tour hoag classic payout

  2. PGA Tour Champions highlights: Hoag Classic, Round 4

    pga champions tour hoag classic payout

  3. 2023 PGA Tour Champions: Hoag Classic

    pga champions tour hoag classic payout

  4. Ernie Els wins Hoag Classic for first PGA TOUR Champions title

    pga champions tour hoag classic payout

  5. Ernie Els wins Hoag Classic for first PGA Tour Champions victory

    pga champions tour hoag classic payout

  6. Ernie Els Wins Hoag Classic PGA Tour Champions Event at Newport Beach

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COMMENTS

  1. 2024 Hoag Classic final results: Prize money payout, leaderboard and

    The 2024 Hoag Classic final leaderboard is headed by winner Padraig Harrington, who topped the PGA Tour Champions leaderboard this week with a win on the 2024 PGA Tour Champions schedule at ...

  2. 2024 Hoag Classic money: Purse, winner's share, updated prize money payout

    The Hoag Classic prize money payout breakdown shows a payout of 15 percent of the purse to the winner, and how much each PGA Tour Champions player earns is guaranteed down to the last-place player ...

  3. 2023 Hoag Classic final results: Prize money payout, leaderboard and

    The 2023 Hoag Classic final leaderboard is headed by winner Ernie Els, who earned the win on the 2023 PGA Tour Champions schedule at Newport Beach Country Club in Newport Beach, Calif.. Bernhard ...

  4. 2023 Hoag Classic: Prize Money Breakdown and Winner's Payout

    The Hoag Classic returns to Newport Beach Country Club, March 2 to 6, 2022, and will feature a purse totaling $2 million. There is an increase of $200,000 and a record amount for the tournament that firmly places it in the upper level of elite golf tournaments. The winner's share comes in at $300,000 — the standard 15 % payout according to ...

  5. Ernie Els Wins 2023 Hoag Classic

    With an impressive PGA TOUR Champion lineup competing for the $2 million purse, Ernie Els birdied two of his last three holes to overcome a five-stroke deficit beginning the final round to claim his second Hoag Classic title (2020) and third career PGA TOUR Champions title. This year marks the 27 th tournament in Orange County since beginning ...

  6. Hoag Classic Newport Beach 2024 Golf Leaderboard

    69. 69. -. 138. 8. 5. 3. PGA TOUR Champions Live Leaderboard 2024 Hoag Classic Newport Beach, Newport Beach - Golf Scores and Results.

  7. Padraig Harrington wins PGA Tour Champions' Hoag Classic

    NEWPORT BEACH, Calif. -- Padraig Harringtonwon the Hoag Classic on Sunday at windy Newport Beach Country Club for his seventh PGA Tour Champions victory, rebounding from a double bogey with ...

  8. Ernie Els erases five-shot deficit to win Hoag Classic

    Written by Bob McClellan @ChampionsTour. Ernie Els fired a bogey-free, 6-under 65 on Sunday to come from five shots back and win the PGA TOUR Champions Hoag Classic at the Newport Beach ...

  9. PDF Purse Breakdown:2023 Hoag Classic (ends Mar 19, 2023) Total Purse

    Purse Breakdown:2023 Hoag Classic (ends Mar 19, 2023) Total Purse: 2,000,000 Pos. Pct. Amount 2 Tied 3 Tied 4 Tied 5 Tied 6 Tied 7 Tied 8 Tied 9 Tied 10 Tied

  10. Hoag Classic 2023 Purse: Payout and Prize Money Distribution

    Here you will find the latest information on prize money and purse breakdown of the ongoing Hoag Classic 2023. Hoag Classic 2023 Purse: The Hoag Classic featured by Hoag Health System is a popular PGA Tour Champions event held in Newport Beach Country Club every year. It is a standard senior's golf event with 3-round based stroke play rules.

  11. Hoag Classic 2023 Golf Leaderboard

    PGA TOUR Champions Tournament Overview 2023 Hoag Classic, Newport Beach - Golf Scores and Results. ... Hoag Classic. Newport Beach CC . Newport Beach, California • USA. Mar 17 - 19, 2023.

  12. Ernie Els wins Hoag Classic; Bernhard Langer denied record PGA Tour

    Thanks to a late-round putting-grip change, Ernie Els is a winner on the PGA Tour Champions for the first time in three years. Meanwhile, Bernhard Langer's record-setting victory is going to have to wait at least another week. Els rode a 65-65 weekend to win the Hoag Classic at Newport Country Club in Newport Beach, California, on Sunday.

  13. PDF 2023 Hoag Classic

    PGA TOUR Champions heads West for the Hoag Classic as its first of two consecutive weeks in California. The newly redesigned Newport Beach Country Club, lengthened by over 200 yards since last year, will host the 54-hole event. The 78-player field includes World Golf Hall of Fame member and 2008 Hoag Classic championBernhard Langer, who seeks ...

  14. Mitsubishi Electric Classic 2024

    Visit ESPN to view the Mitsubishi Electric Classic golf leaderboard with real-time scoring, player scorecards, course statistics and more ... Purse $2,000,000 ... at Hualalai on Saturday for his ...

  15. Hoag Classic Newport Beach Country Club

    The 2024 Hoag Classic, Orange County's only PGA TOUR Champions event, returned to Newport Beach Country Club on March 20 through 24, 2024 with Hoag as[…] The Hoag Classic Announces 2024 Dates. September 21, 2023. The Hoag Classic announced today that the annual PGA TOUR Champions event will be played March 20 - 24, 2024 at the Newport ...

  16. 2024 PGA Tour Champions season

    The 2024 PGA Tour Champions season is the ... The following table lists official events during the 2024 season. Date Tournament Location Purse Winner Notes Jan 20: ... Feb 24: Trophy Hassan II: Morocco: 2,000,000: Ricardo González (1) Mar 10: Cologuard Classic: Arizona: 2,200,000: Joe Durant (5) Mar 24: Hoag Classic Newport Beach: California ...

  17. Hoag Classic 2024

    Visit ESPN to view the Hoag Classic golf leaderboard with real-time scoring, player scorecards, course statistics and more ... PGA TOUR; LPGA; PGA TOUR Champions; LIV; ... Purse $2,000,000 ...

  18. Hoag Classic

    Hoag Health System; PGA TOUR Champions; ... The Hoag Classic returns to Newport Beach Country Club, March 20 to 24, 2024 and will feature a purse totaling $2 million -an increase of $200,000 and a record amount for the tournament that firmly places it in the upper echelon of elite golf tournaments.

  19. More Information

    Hoag Classic. TOURNAMENT DATES: 03/17/2023-03/19/2023: COURSE: Newport Beach CC: LOCATION: Newport Beach, CA USA: ... Retief Goosen: MEDIA CONTACTS: Doug Milne Sr. Manager, PGA TOUR Champions [email protected] 904-614-0657. PRIZE MONEY/1ST:

  20. Hoag Classic Returns to Newport Beach Country Club for Annual PGA TOUR

    NEWPORT BEACH, Calif., February 15, 2024 — The Hoag Classic, Orange County's only PGA TOUR Champions event, returns to Newport Beach Country Club on March 20 through 24, 2024. Hoag Health System is once again the title sponsor and beneficiary of the tournament, and City National Bank and McCarthy Building Companies are the tournament's presenting … Read More

  21. 2023 Hoag Classic purse, winner's share, prize money payout

    The 2023 Hoag Classic purse is set for $2 million, with the winner's share coming in at $300,000 -- the standard 15 percent payout according to the PGA Tour Champions' prize money distribution chart.

  22. 2024 Invited Celebrity Classic final results: Prize money payout, PGA

    Broadhurst won the $330,000 winner's share of the $2,200,000 purse.. Invited Celebrity Classic recap notes. Broadhurst wins the seventh PGA Tour Champions title of the year, getting into the ...

  23. About Us

    The Hoag Classic is one of the most prestigious events on the PGA TOUR Champions. It hosts the finest field of professional golfers all year, is played at one of the most scenic golf courses and has donated record earnings for charity. Known as the most philanthropic tournament on the PGA TOUR Champions, this event is highly regarded for its ...

  24. PGA Tour prize money payouts at 2024 Corales Puntacana Championship

    It wasn't a big-money signature event like this week's RBC Heritage was but, there was still $4 million on the line at the 2024 Corales Puntacana Championship, with $720,000 going to the winner. And the winner was Billy Horschel, who now has eight wins in his PGA Tour career. The second opposite-field event also had 300 FedEx Cup points on ...

  25. 2024 Mitsubishi Electric Classic purse, winner's share, PGA Tour

    The 2024 Mitsubishi Electric Classic purse is set for $2 million, with the winner's share coming in at $300,000 -- the standard 15 percent payout according to the PGA Tour Champions' prize money ...

  26. Here's the prize money payout for each golfer at the 2024 Zurich

    The overall purse at TPC Louisiana is $8.9 million, with the winners both taking home $1.286 million for their victory in the team event. Zurich Classic of New Orleans TPC Louisiana

  27. 2024 RBC Heritage prize money payouts for each PGA Tour player

    It pays to play well on the PGA Tour. Just ask this week's winner, Scottie Scheffler. The 27-year-old won the 2024 RBC Heritage at Harbour Town Golf Links in Hilton Head Island, South Carolina ...

  28. PGA Tour has a team event in New Orleans. LIV Golf returns Down Under

    PGA TOUR. ZURICH CLASSIC OF NEW ORLEANS. Site: Avondale, Louisiana. ... The prize money was raised to $3.75 million and the sponsors are paying for players' hotels. ... (Chubb Classic) and Joe Durant (Cologuard Classic), both of whom are 59. ... The seven winners on the PGA Tour Champions come from seven countries — New Zealand, Canada ...

  29. Tiger Woods, Rory McIlroy to receive massive loyalty payouts from PGA

    The loyalty shown by Tiger Woods, Rory McIlroy and other star golfers to the PGA Tour will be officially rewarded on Wednesday. Woods is set to receive $100 million in equity as part of the newly ...

  30. Hoag Classic 2022 Golf Leaderboard

    79. 79. 234. 52. 43. 9. PGA TOUR Champions Live Leaderboard 2022 Hoag Classic, Newport Beach - Golf Scores and Results.