Bob Harig at SI.com has details of the World Golf Group/Premier Golf League’s latest pitch to get a meeting with PGA Tour Commissioner Jay Monahan and the PGA Tour Policy Board.
Set aside the silliness of the current 200 PGA Tour players getting $2 million each for being in the right place at the right time (Thanks Tiger!), and consider the specifics.
World Golf Group states it believes the PGL will generate $10 billion of equity value by 2030, which would equate to $20 million per PGA Tour voting member and $3 million per Korn Ferry member.
In addition, the proposal includes a cash advance on future equity value of $460 million. In simple terms, each of 200 voting members of the PGA Tour would receive $2 million upon the launch of the PGL, with 200 Korn Ferry members each getting $300,000.
Andy Gardiner, the CEO of the Premier Golf League, who was recently at the Players Championship, declined to comment.