The PGA Tour’s decision to merge itself with the LIV Golf Series has received plenty of criticism from fans worldwide. A number of burning questions have come out of the agreement which has left Jay Monahan and his team sweating.
However, in a series of bold statements, PGA Tour policy board member Jimmy Dunne has come out to clarify certain aspects of the merger. Known to have brokered the deal with LIV himself, his latest comments have presented the much-needed plan for compensation for PGA Tour loyalists, including the main man, Tiger Woods.
Jimmy Dunne’s grand plan for Remuneration for Tiger Woods and Co
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One of the biggest setbacks from the merger was burdened by golfers who abided by the PGA Tour, some of whom had rejected seven-figure approaches from the LIV Golf Series. After vehemently tussling with the Greg Norman-led league, the two organizations will contest under a single umbrella, which has left the tour’s players fuming.
Indeed, a number of players have openly requested a price for their loyalty. Despite the statements of PGA Tour Commissioner Jay Monahan, where he revealed the likes of Tiger Woods will be compensated fairly, a planned remuneration wasn’t received, which left fans in dismay.
Indeed, Woods’ example stands out. The fifteen-time major championship winner is one of the game’s biggest stars and easily the most-recognized golfer on the planet. He was allegedly offered a fee worth an eye-watering $800 million, which was yet to be confirmed by LIV Golf themselves.
But Dunne has come along to introduce golf fans to equity in the newly-formed tour. “The new [company] would grow, and the [current PGA Tour] players would get a piece of equity that would enhance and increase in value as time went on,” Dunne told a leading media house. “There would have to be some kind of formulaic decision on how to do that. It would be a process to determine what would be a fair mechanism that would be really beneficial to our players.”
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Will every PGA Tour player get a share of equity?
While the idea seems interesting per se, it opens up plenty of other questions. Will all players with a PGA Tour membership get their shares or only those who were approached by LIV have a say?
“I think we would form a panel, including tour players, that would evaluate what the terms would be,” Dunne further said. Furthermore, he claimed that the LIV golfers won’t be welcomed back with open arms. “Remember, they’re coming back to compete on the tour, so they have to be confident that they would be good enough to continue to play, and they have to be willing to incur the penalty for having gone,” he claimed.
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Will Woods and the others get a price for their loyalty to the PGA Tour? Let us know your thoughts in the comments section below.
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