Liv Golf Central Thread: Events and News

[cnosil]

59 minutes ago, ryan.mzzz said:

you don’t buy products promoted by any golfer ever? we all do, and we are the audience that’s sold to the advertisers by the tour. I don’t mean it to be personal to you specifically, but in general.

Nope,  I am a try it and see if it works for me kind of person.  The product is may  be promoted by a player but I don’t select or use products based on who endorses. 

[cnosil]

18 minutes ago, LICC said:

Money is part of it. Not all of it, and not none of it, but part of it. 

Maybe they should cap career earnings once they have enough to support  themselves.  That would prevent PGA players from appearing so greedy; once they reach that threshold, they can play those meaningful events and play simply for the glory. 

[Middler]

3 hours ago, cnosil said:

I read the letter from the tour…increase money, higher tier events for top name players, guarantee to get in other events….almost like all of this is about money.   If the players are right about it being about winning majors and the traditions of the PGA tour,  they should t need to increase money, the players should just come because they are the best “employer” and have the best product, and provide the measuring stake for how players want to be judged.   Guess it really all comes back to money even on the PGA Tour.  

 

3 hours ago, TBS said:

Well- I think Jay needs to really be clear where this money is coming from. He didnt just meet with the CFO and say find the extra millions that we have hidden. This has been years long play when they renegotiated TV contracts long before LIV. So the tour is doing exactly what its setup to do pay the players as much as possible. 

Months ago in one of his first pressers, Monahan said many Corporate sponsors contacted him and asked what they could do to help defend the PGA, that's where a significant part of the new money came from. That was discussed here long ago, but this thread is doomed to repeat itself over and over again.

Anyone who assumes the PGA was just hiding money (as has been alleged before), on what basis?

[LICC]

1 hour ago, RickyBobby_PR said:

I don’t buy any product based on what celebrity, athlete, talking head on tv promoters it’s.

For sports gear it has to perform for me to buy it. For electronics I read up on the tech, see what the professionals in the field have to say and then determine what’s best for my use.

 

No one believes they buy a product because of a celebrity athlete endorsement. It goes to brand perception and more of a subconscious perception that affects peoples'  buying decisions.

[Middler]

3 minutes ago, LICC said:

No one believes they buy a product because of a celebrity athlete endorsement. It goes to brand perception and more of a subconscious perception that affects peoples'  buying decisions.

You may well be right for many.

I will admit to considering a product because a favorite player endorses it, but I won't buy it unless I am otherwise convinced it's the best option for the product I am in the market for. And again, I use MGS as a primary resource for all golf purchases. If Sergio or Bryson endorse it, I won't buy even if MGS recommends it...

[GolfSpy_SAM]

https://www.espn.com/golf/story/_/id/34452133/top-pga-tour-golfers-commit-play-more-events-12-tournaments-purses-15-million-20-million

"Top players from the PGA Tour are committing to compete in at least 20 events starting next season, including 12 elevated tournaments that will have average purses of $20 million, commissioner Jay Monahan announced Wednesday."

Good lord - I guess that's how you try to stop the bleeding.  Also, the PIP goes from $50 mill purse to $100, with winner getting $15 million (and rest of purse split amongst other 19 (up from the current top 10)).

It makes sense - top stars are being asked to only commit to 20 weeks, and 12 of those weeks will be purses of $20 mill - that's a huge uptick.  

Thoughts? 

[cnosil]

17 minutes ago, Middler said:

 

Months ago in one of his first pressers, Monahan said many Corporate sponsors contacted him and asked what they could do to help defend the PGA, that's where a significant part of the new money came from. That was discussed here long ago, but this thread is doomed to repeat itself over and over again.

Anyone who assumes the PGA was just hiding money (as has been alleged before), on what basis?

Never questioned where the money came from nor do I care.  In my opinion it shows that the tour believes it is about money and not winning specific events and tradition.   Few of the players will admit that it is about money. The solution the PGA tour seems to come up with is catering to the top 30 player by throwing more money at them.  Why won’t the PGA tour just come out and say we are going to throw as much money as we can to the top players so we can keep them here.   Change from non profit status and let’s just pay them to be a member of the tour.  

[ejgaudette]

6 minutes ago, cnosil said:

Never questioned where the money came from nor do I care.  In my opinion it shows that the tour believes it is about money and not winning specific events and tradition.   Few of the players will admit that it is about money. The solution the PGA tour seems to come up with is catering to the top 30 player by throwing more money at them.  Why won’t the PGA tour just come out and say we are going to throw as much money as we can to the top players so we can keep them here.   Change from non profit status and let’s just pay them to be a member of the tour.  

I think the basically are now doing that. There will be a minimum earnings of 500,000 for all tour players, plus 5,000 for each missed cute to help cover travel. So they are really attacking both ends. The top 30 or so and those just getting their card or struggling. Interesting to see how it all plays out.

[PeterHenric]

1 hour ago, LICC said:

What are you basing that on? Increased spending on PIP and purses? That is not an A to B conclusion you can make without more facts and analysis.

Did you watch the press conference? One of the reporters asked Monaghan where they got the money for all of these increased purses and funding. His response was 3 things but I'll only cite the first one as it is most applicable and it was the #1 reason. He said they have money in the bank because they were frugal with their spending. You have got to think that the amounts they have in the bank are substantially larger than what they just promised because they said this is the plan going forward. I don't know what the total dollar amount everything adds up to be but it has to be substantial and for them to promise all of this money for the foreseeable future, it has to be a lot of money sitting in the bank. They did say that sponsors will step up but the majority of the money was from the PGA bank account.

IMO, Phil's comments were actually pretty accurate.  

[PeterHenric]

4 hours ago, cnosil said:

I read the letter from the tour…increase money, higher tier events for top name players, guarantee to get in other events….almost like all of this is about money.   If the players are right about it being about winning majors and the traditions of the PGA tour,  they should t need to increase money, the players should just come because they are the best “employer” and have the best product, and provide the measuring stake for how players want to be judged.   Guess it really all comes back to money even on the PGA Tour.  

I agree. The top players that this will affect most (I think), are already very well paid. This will only make them even higher paid. This is going to help try to keep some of the top tier guys from jumping ship but it is not about "growing the game" like everyone says. Want to grow the game? Put all that money into local scenes, schools, and programs to get young kids up and running playing golf. I know that they already do that to some extent but they would need to significantly increase that spending.

[LICC]

35 minutes ago, cnosil said:

Never questioned where the money came from nor do I care.  In my opinion it shows that the tour believes it is about money and not winning specific events and tradition.   Few of the players will admit that it is about money. The solution the PGA tour seems to come up with is catering to the top 30 player by throwing more money at them.  Why won’t the PGA tour just come out and say we are going to throw as much money as we can to the top players so we can keep them here.   Change from non profit status and let’s just pay them to be a member of the tour.  

I can't understand your point here. Money is part of it. The PGA Tour has said that. It's not the only part, otherwise every player would jump to LIV which regardless of these changes pays more. Therefore, money is part of it, but not the only part. So what?

[LICC]

5 minutes ago, PeterHenric said:

Did you watch the press conference? One of the reporters asked Monaghan where they got the money for all of these increased purses and funding. His response was 3 things but I'll only cite the first one as it is most applicable and it was the #1 reason. He said they have money in the bank because they were frugal with their spending. You have got to think that the amounts they have in the bank are substantially larger than what they just promised because they said this is the plan going forward. I don't know what the total dollar amount everything adds up to be but it has to be substantial and for them to promise all of this money for the foreseeable future, it has to be a lot of money sitting in the bank. They did say that sponsors will step up but the majority of the money was from the PGA bank account.

IMO, Phil's comments were actually pretty accurate.  

The PGA Tour's finances are public record. They do not have secret money in a bank that is funding the next decade of increased payouts and purses. Please post his exact quote and we can discuss it.

[LICC]

2 minutes ago, PeterHenric said:

I agree. The top players that this will affect most (I think), are already very well paid. This will only make them even higher paid. This is going to help try to keep some of the top tier guys from jumping ship but it is not about "growing the game" like everyone says. Want to grow the game? Put all that money into local scenes, schools, and programs to get young kids up and running playing golf. I know that they already do that to some extent but they would need to significantly increase that spending.

The PGA Tour didn't say this is about growing the game. It is about competing against a predatory rival to ensure its survival. 

The PGA Tour has been putting money into local programs for years. Unfortunately those programs may be a victim of the LIV competition forcing the PGA Tour's hand to redirect resources.

[PeterHenric]

4 minutes ago, LICC said:

The PGA Tour's finances are public record. They do not have secret money in a bank that is funding the next decade of increased payouts and purses. Please post his exact quote and we can discuss it.

Jump to 11 minutes, 45 seconds. https://www.pgatour.com/news/2022/08/24/pga-tour-top-players-make-unprecedented-commitment-to-pga-tour-future-schedule.html

[Middler]

26 minutes ago, PeterHenric said:

Did you watch the press conference? One of the reporters asked Monaghan where they got the money for all of these increased purses and funding. His response was 3 things but I'll only cite the first one as it is most applicable and it was the #1 reason. He said they have money in the bank because they were frugal with their spending. You have got to think that the amounts they have in the bank are substantially larger than what they just promised because they said this is the plan going forward. I don't know what the total dollar amount everything adds up to be but it has to be substantial and for them to promise all of this money for the foreseeable future, it has to be a lot of money sitting in the bank. They did say that sponsors will step up but the majority of the money was from the PGA bank account.

IMO, Phil's comments were actually pretty accurate.  

You don’t know what you’re talking about. He didn’t say which if any of the three sources were the “#1 reason.” But at least your consistent with your PGA bashing agenda. You’re welcome to prefer LIV, some of us don’t.

Quote

When asked how the Tour is planning to fund the cash infusion to tournament purses and other expenses to reward and identify the top players, Monahan said, “The Tour is having its strongest year in history of the PGA Tour and is performing well ahead of budget.

“Secondly, as you’ve heard me talk about before, the Tour through the years has been very prudent in managing its finances and building reserves and being in a position to be able to invest in programs that are going to help the Tour grow. That’s what they’re there for, and that’s what we’ll continue to use them for.

“I would say additionally our partners, our sponsors, and all of our partners who want to get behind and are getting behind the direction that we’re going in, want to be a part of the continued growth and evolution of the Tour. They recognize that with the changes we’re talking about today, the changes that we’ve made prior to today, and the direction we’re heading in, we’re going to be creating more value.

“When you create more value, you’re going to get more income coming into the business.

Those are the three primary things that really help us to make this move.” today and will help us grow as we go forward.

 

 

[LICC]

5 minutes ago, PeterHenric said:

Jump to 11 minutes, 45 seconds. https://www.pgatour.com/news/2022/08/24/pga-tour-top-players-make-unprecedented-commitment-to-pga-tour-future-schedule.html

He said increased revenue this year, strong reserves, and increased future projected revenue from corporate partners. He didn't say one was more attributable than another. There is nothing untoward in any of that.

[cnosil]

17 minutes ago, LICC said:

I can't understand your point here. Money is part of it. The PGA Tour has said that. It's not the only part, otherwise every player would jump to LIV which regardless of these changes pays more. Therefore, money is part of it, but not the only part. So what?

As you have pointed out in the past taking more money is simply greed. 

[PeterHenric]

6 minutes ago, Middler said:

You don’t know what you’re talking about. He didn’t say which if any of the three sources were the “#1 reason.” But at least your consistent with your PGA bashing agenda.

 

 

Meh, agree to disagree. Typically, when you list reasons, you list the most important reason first. 

I am not bashing the PGA, and don't think I ever have. I have talked about things I don't like about the tour as well as things I do like about the tour. I do think that Monaghan really mishandled this whole LIV situation. You are just upset because I haven't given the tour my undying devotion the way you have. I am here to be entertained, not to choose sides because of politics. I watch both PGA and LIV events. Sorry, not sorry.

[LICC]

9 minutes ago, cnosil said:

As you have pointed out in the past taking more money is simply greed. 

Something I have never said. Stop making thing up again.

[LICC]

2 minutes ago, PeterHenric said:

Meh, agree to disagree. Typically, when you list reasons, you list the most important reason first. 

I am not bashing the PGA, and don't think I ever have. I have talked about things I don't like about the tour as well as things I do like about the tour. I do think that Monaghan really mishandled this whole LIV situation. You are just upset because I haven't given the tour my undying devotion the way you have. I am here to be entertained, not to choose sides because of politics. I watch both PGA and LIV events. Sorry, not sorry.

For the record, he didn't mention the reserves first. He mentioned the higher than expected revenue this year first.