TIGER WOODS is reportedly set to receive a whopping £80 million bonus for remaining loyal to the PGA Tour and snubbing LIV Golf.
Rory McIlroy will also receive up to £40 million after the pair received an email from Wagrass HQ informing them of the news.
Commissioner Jay Monahan has sent the stars messages that have been “anxious” since the Strategic Sports Group injected more than a billion pounds into PGA Tour Enterprises three months ago.
This consortium consists of several North American investors and is led by the owner of Premier League club Liverpool, Fenway Sports.
Around two-thirds of this £1.2 billion will be split as wealth among 193 golfers – but The telegraph states that £601 million will be divided between “the 36 stars considered by the circuit to be most deserving”, although these sums “will be entirely different”.
And that’s supposedly why Monahan and his management team wanted to keep the breakdown confidential.
The PGA explained how one of the main factors in determining that number comes down to a metric called “career points,” with grades awarded for achievements since they began competing on the Tour.
There are also a few other factors, one of which is performance on the Player Impact Program (PIP).
This was introduced years ago and will reward players who have had the biggest impact on Tour 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 netting £24.4m.
BEST UK BOOKMAKER FREE BET SIGN UP OFFERS
But it will be Woods, who has won 82 Tour titles, who will be “miles ahead in the overall standings” on the sliding scale system.
And he could get a number almost twice as high as anyone else.
McIlroy will take second place due to his three FedEx Cup wins.
Players like Jordan Spieth and Justin Thomas will be behind them and will receive equity worth around £24m.
However, there are measures in place to prevent these big names from cashing in and instantly jumping to LIV.
Instead of it being money in the bank, this report states that “they will be informed of how many units of equity they have been granted and what the fair market value is.”
Then, after four years, 50% of your capital will vest before another quarter two years later, and the last 25% two years later.
The next 64 players on the Tour will have £60 million between them.
There will then be a total of 57 players sharing £24m and a further £60m split between 36 retired “living legends”.
TIGER WOODS
Here is the list of 15 major championship victories that the superstar recorded in his incredible career:
Master Tournament
1997, 2001, 2002, 2005, 2019
PGA Championship
1999, 2000, 2006, 2007
US Open
2000, 2002, 2008
The Open Championship
2000, 2002, 2008
This story originally appeared on The-sun.com read the full story
