Tiger Woods is reportedly set to receive up to $100 million in stock as a reward for remaining loyal to the PGA Tour, while Rory McIlroy is expected to receive roughly $50 million after avoiding the draw of LIV Golf.
Strategic Sports Group, a consortium led by Red Sox and Liverpool owners Fenway Sports Group, has signed a $1.5 billion investment agreement with the newly formed PGA Tour Enterprises.
According to The Telegraph, around $1 billion in equity will be distributed among 193 golfers, with $750 million allocated for 36 of the world’s greatest and $75 million going to retiring legends.
According to reports, PGA Tour commissioner Jay Monahan would approve the golden handshakes, which will pay Jordan Spieth and Justin Thomas a reported $30 million.
However, the Telegraph reports that Woods and McIlroy will not be able to cash in their ownership and then sign with LIV.
Instead, in order to keep all of the money, players will reportedly be needed to achieve specific criteria, including remaining on the PGA Tour for another eight years.
These salaries, of course, are tiny in comparison to those of the offers made by LIV, which recently attracted Jon Rahm away from the PGA Tour for $500 million.
Greg Norman has invited McIlroy to explore a potential move to LIV Golf, despite the Northern Irishman previously dismissing speculation of a $850 million U-Turn and claiming he will remain on the PGA Tour for the rest of his career.
‘LIV never made him an offer,’ Norman added. ‘If Rory was willing to sit down and talk with us, would we be delighted to do so? 100%, just like every other player that is interested in joining us.
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