Tiger Woods, Rory McIlroy to get PGA Tour loyalty payouts WSOC TV [Video]

The PGA Tour has begun notifying its players of the equity they will receive for remaining loyal to, and helping build, the tour in the face of a significant threat from LIV Golf and Saudi Arabia’s Public Investment Fund. While the exact amounts of shares in the PGA Tour each player will receive aren’t disclosed, the pool from which the equity will be drawn is estimated at more than $900 million … and it’s reasonable to assume that the biggest names will draw the largest shares.

The Tour is, in effect, rewarding its players who remained in its ranks even as others jumped to LIV Golf. Players like Tiger Woods, Rory McIlroy, Jordan Spieth and Justin Thomas will be eligible for the equity awards; players like Jon Rahm, Dustin Johnson, Brooks Koepka and Bryson DeChambeau will not. Phil Mickelson, the most famous player in the world outside Woods, will not receive any equity, even though he’s as responsible as almost any player for building …