Current:Home > MarketsAfter 100 rounds, what has LIV Golf really accomplished? Chaos and cash -Excel Wealth Summit
After 100 rounds, what has LIV Golf really accomplished? Chaos and cash
Oliver James Montgomery View
Date:2025-04-09 15:31:57
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! (76)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- What to do if you hit a deer: It maybe unavoidable this time of year. Here's what to know.
- Will Levis named Tennessee Titans starting QB, per Mike Vrabel
- Voting machines in one Pennsylvania county flip votes for judges, an error to be fixed in tabulation
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- GOP lawmakers renew effort to censure Rep. Rashida Tlaib over Israel rhetoric
- Planned Fossil Fuel Production Vastly Exceeds the World’s Climate Goals, ‘Throwing Humanity’s Future Into Question’
- Sandra Oh and Awkwafina are perfect opposites in 'Quiz Lady'
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Don't respond to calls and texts from these 12 scam phone numbers
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Jewish man dies after altercation at dueling Israel-Hamas war protests in California
- Why RHOA's Shereé Whitfield Ended Up in a Wheelchair at BravoCon 2023
- Syphilis cases in newborns have skyrocketed at a heartbreaking rate, CDC reports
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- House censures Rep. Rashida Tlaib amid bipartisan backlash over Israel comments
- Portuguese police arrest the prime minister’s chief of staff in a corruption probe
- Judge to rule on temporary block of North Dakota’s ban on gender-affirming care for minors
Recommendation
Travis Hunter, the 2
Biden administration warns of major disruption at border if judges halt asylum rule
Say what? Florida Gov. Ron DeSantis honors transgender woman who leads diversity seminars.
Watch: Deer jumps over cars, smashes into truck for sale just as potential buyer arrives
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
‘Extraterrestrials’ return to Mexico’s congress as journalist presses case for ‘non-human beings’
Underdiagnosed and undertreated, young Black males with ADHD get left behind
FDA moves to pull common drug used by pork industry, citing human cancer risk