Current:Home > InvestAfter 100 rounds, what has LIV Golf really accomplished? Chaos and cash -AssetScope
After 100 rounds, what has LIV Golf really accomplished? Chaos and cash
SignalHub View
Date:2025-04-09 01:35:11
LIV Golf marked its 100th round Friday since the controversial league stunned the industry 26 months ago.
The idea, hatched by Greg Norman, took off once Saudi Arabia, through its Public Investment Fund, agreed to throw billions of dollars at the project.
LIV touted this venture as one that would grow golf by taking the league's unique, untraditional format globally. And while that can be questioned, what cannot be disputed is LIV has gotten the attention of the PGA Tour, and directly affected its finances and economics, and the money being directed toward golfers.
"We've changed the face of golf," Bubba Watson said Wednesday, ahead of this weekend's LIV event at Greenbrier in White Sulphur Springs, West Virginia. "So to be on that side of history is pretty special."
Watson then compared this to when Jack Nicklaus was instrumental in the first big split in professional golf that led to the forming of the PGA Tour in 1968. Nicklaus, though, strongly disagrees that the two are even related.
Scheffler can thank LIV for record earnings
Either way, Watson is spot-on when he says, "Scottie Scheffler has made a lot of money this year because of the changes that we've started putting in place."
LIV's impact on the PGA Tour has been significant. Every move the tour has made in the past two years to infuse money into the game, including the creation of Signature Events, more events with $20-$25 million purses, and pouring money into the Player Impact Program, has been a reaction to LIV and its endless stream of Saudi money.
One way to reduce the number of players jumping to LIV is to compete financially. The tour did that by pumping millions into its purses and billions into the game with a $3 billion deal with Strategic Sports Group that includes an initial investment of $1.5 billion into the launch of a commercial venture, PGA Tour Enterprises.
Scheffler has made $28.1 million this year in prize money with two $20 million purses, St. Jude and BMW championships, remaining ahead of the Tour Championship that will distribute $100 million, $25 million to the winner.
By the end of the season, Scheffler could make five to seven times what the tour's top earner made in 2020-21, the year before LIV debuted. That does not include his share of the $50 million that will be distributed through the Player Impact Program, which rewards players for brand exposure.
In 2021, Jon Rahm topped the PGA Tour money list with $7.7 million. Rahm is LIV's most recent blockbuster signing, luring the Spaniard with a reported $350 million deal that could surpass $550 million after bonuses.
Joaquin Niemann LIV's money leader in 2024
Joaquin Niemann is LIV's prize money leader in 2024 with $14.2 million through 12 of the 13 individual events. LIV concludes its season with the team championship on Sept. 20-22 at Maridoe, north of Dallas.
The prize money, though, is not the biggest lure for the handful of marquee golfers who made the jump to LIV. What got their attention was the massive contracts, especially those reportedly for at least $100 million that went to Rahm, Phil Mickelson, Brooks Koepka, Bryson DeChambeau, Dustin Johnson and Cameron Smith.
"Things need to evolve. Things need to change," LIV's Patrick Reed said Wednesday. "I feel like that's what LIV is. They've stepped into a world that was all about tradition only and changed the face of golf for the better. And I feel like with LIV, we're now allowed to touch a lot broader and better way of golf. Golf is boring, slow, long, and we've now brought in the fast and more entertaining part of life."
While LIV certainly has impacted the sport where it matters most for the players, in their bank accounts, other areas have not been as consequential.
LIV's format, which includes 13 four-man teams playing 54 holes with no cut, has not taken off as hoped. While LIV golfers praise the team aspect, which does add a piece of additional drama and "family" atmosphere, the league continues to struggle to attract viewers and has been hurt by the OWGR board denying LIV's application to receive ranking points.
Despite that, money talks, and nobody can dismiss how much more of an impact LIV could have on the sport regardless of whether a deal is reached with the PGA Tour. Tour Commissioner Jay Monahan said this week that the two sides will continue to operate separately next year, casting doubt that a deal is anywhere close.
"When people start to see the true value that we're bringing, that intrinsic value is only going to exponentiate over the course of time, which is what I'm excited for," DeChambeau said. "I'm waiting for that kind of domino effect, for it to start falling in that cool direction that we see here on our side at LIV, especially with the team aspect."
veryGood! (4685)
Related
- Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
- Teen in stolen car leads police on 132 mph chase near Chicago before crashing
- U.S. businessman serving sentence for bribery in Russia now arrested for espionage
- Leaders at 7 Jackson schools on leave amid testing irregularities probe
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- New York judge blocks retail marijuana licensing, a major blow to state’s fledgling program
- 3 strategies Maui can adopt from other states to help prevent dangerous wildfires
- 'We probably would’ve been friends,' Harrison Ford says of new snake species named for him
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Top 10 deadliest hurricanes in U.S. history
Ranking
- Tom Holland's New Venture Revealed
- These poems by Latin American women reflect a multilingual region
- Company that leaked radioactive material will build barrier to keep it away from Mississippi River
- Where is Vanna White? The 'Wheel of Fortune' host has rarely missed a show.
- Grammy nominee Teddy Swims on love, growth and embracing change
- Taekwondo athletes appear to be North Korea’s first delegation to travel since border closed in 2020
- Gun control unlikely in GOP-led special session following Tennessee school shooting
- Vanderpump Rules' Raquel Leviss Won't Be Returning for Season 11
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
'Abbott Elementary' and 'Succession' take on love and grief
Hilary grows into major hurricane in Pacific off Mexico and could bring heavy rain to US Southwest
Post Malone Reveals He Lost 55 Lbs. From This Healthy Diet Tip
Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
Britney Spears Breaks Silence on Her Pain Amid Sam Asghari Divorce
The Blind Side: Michael Oher’s Former Football Coach Says He Knows What He Witnessed With Tuohys
The U.S. imports most of its solar panels. A new ruling may make that more expensive