Golf Digest and USA Today (via the AP) are reporting that television network ABC has walked out of negotiations with the PGA Tour for carrying tournament coverage beginning in 2007. This leaves only CBS and NBC at the table with Tour Commish Tim Finchem.
The current PGA Tour contract runs through the 2006 season. In 2007, the PGA Tour will feature a revamped schedule, a playoff system, the "FedEx Cup," and a "Fall Finish". Apparently, the ol' Finchy is still asking for too much money, and ABC simply decided they'd heard enough. Despite having found success with Paul Azinger and Nick Faldo in the announcing booth, both players may need to hone their game for the Champions Tour come 2007 if they'd like at least a semi-regular paycheck.