Posted on 06/09/2022 8:40:59 AM PDT by 1Old Pro
Even before it started, the Saudi-backed LIV Golf series reshaped the careers of several high-profile players, costing golfers such as Phil Mickelson and Dustin Johnson their relationships with the PGA Tour and some of their sponsors.
A reprisal had been expected from the PGA Tour — and immediately after the inaugural LIV tournament teed off on Thursday, the PGA issued sanctions against 17 players who defected to the new series.
The players "are suspended or otherwise no longer eligible to participate in PGA TOUR tournament play, including the Presidents Cup," PGA Tour Commissioner Jay Monahan said in a letter to tour members.
(Excerpt) Read more at npr.org ...
“Phil does not need money”
I heard he’s got big gambling debts...is that not accurate?
“Phil does not need money”
I heard he’s got big gambling debts...is that not accurate?
Sorry for the double post
The smart thing would be for the PGA to challenge the NIV to a championship world tournament.
His net worth is estimated at $400 million.
He loses some millions every year gambling.
Michael Jordan lost a ton gambling, but is worth $2 billion...
Bedminster yes, July 29 to 31. Doral no.
“Phil does not need money…”
That’s why I used the word “most” in my post. However, Phil — a very money hungry wealthy man with a history of big-time gambling — would disagree with you — and they are reportedly paying him $200 million to be their high profile golfer — not easy to turn down.
Gotcha thanks.
Anytime.
I’d take it if I were him. Check out his net worth though.
The PGA may be control freaks as well.
It really shows that the PGA doesn’t understand personal economics. All us regular folks are aware of the concept of “f u money”, a quantity that if it suddenly landed in your bank account you’d go into your bosses office, toss your badge on his desk flip him off and walk out. What we’re learning here is the concept scales, sure a lot of guys on the PGA tour are making every year what us regular folks would consider f u money. But the LIV is offering enough cash that even people in that income bracket are thinking “set for life in 1 maybe 2 seasons”. I’m not sure how sustainable the LIV is, I can’t imagine them making enough to pay off those purses through normal revenue streams. But that’s all the more reason for players to jump now, make the fat cash before it folds, and never have to worry about their tour card again.
The smart thing is to ignore it. Just go about their business. I doubt they’d care if some player decided to take a working vacation and spend a chunk of a season playing European or Asian events. This is pettiness on their part. Don’t ever demand people vote against their own wallet.
The TechnoBullies run wild, once again.
I'm going to sanction the Pigga Tour, at a personal level.
This is bad news for the senior tour over the next 10-15 years.
Well, sort of.
Except many serious golfers don't pay much attention to the kneelers in their shiny pants and shoulda-ma-pads.
I want to watch Philbert and DJ let The Big Dog eat.
What a bunch of fags.
This somewhat reminds me of what the World Football League attempted to do to the NFL in the mid ‘70s. That venture didn’t last long. I’m thinking this one won’t either.
“PGA is being really stupid about this. They don’t control the majors, so they have no real punishment. All they’re doing is banning some of the sport’s big names who are doing occasional “other” tournaments to make more money. By forcing the players to choose and thus keeping them out of PGA events they’re just gonna kill their own ratings.”
Wrong. The LIV - funded by a Saudi “soverign wealth” fund - is trying to buy top players away from PGA tournaments, offering higher payouts than do many of the PGA Tour venues. It’s like when investors built separate baseball leagues. Even then, no players playing in one league were not allowed to play in the other league also. In golf, think of the parallel as if each player is a “team” (a playing unit) in the PGA [league]. Baseball players do not play for two teams in two different leagues.
MONEY$$$$$$ and not PGA “rules” is why a few big players are going to pay for the LIV. Michelson is a high stakes gambler who, it was reported, had gambling losse of upwards of $40 million between 2010 and 2014 - debts he may still be paying off. Dustin Johnson peaked (to world ranking of #1) back in 2017, and now ranks 15th. The article itself ranks some of the other joiners [Louis Oosthuizen (21), Kevin Na (34), Talor Gooch (35) and Sergio Garcia (57)]. In other words most of those joining are not today’s top winners. Most are also older than the average age of many of today’s top golf winners. When YOU are not winning, your take of a tournament’s winning$ are not at the top. So the Saudis are offering to pay all who join bugger sums than they have been getting with the PGA tour. But in many cases, in an even playing field, many of them have lower earnings not becase the PGA is stingy, but because they have not been winning.
It’s all about the money. It’s not about “PGA rules” of the game or its organization of the tournaments.
And one beef of mine is ALL “sovereign wealth” funds. Imagine our IRS running private ventures to make money for itself. “Soveriegn wealth” funds are nothing less than nation-state funds competing, for themselves, in the investment markets. Personally, to help keep our domestic markets free markets I would ban all foreign nation-state ownership and investment in U.S. markets.
If the PGA is going to run their association like the old Hollywood studio system, it would be smarter if they made it possible to ‘loan out’ PGA players to other golf associations, for a cut of the winnings. Seems it would expand the sport and make everyone fatter and gigglier.
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