According to a press statement released last month by the PGA Tour commissioner Jay Monahan, players have been informed about significant changes to the Tour expected to take place in the fall of 2023.
The top 50 players in the FedEx Cup standings from the previous season will be granted invitations to eight tournaments with a restricted field and no cut and prizes of $20 million or more starting in 2023.
For players outside of the top 70, exempt status for the upcoming season is not guaranteed, but they can try to lock it in or qualify for some of the invitational tournaments by competing in a run of six events that will add to their FedEx points total. The top 125 exempt players will be selected in the fall. Golf sports betting fans can find and place their bets on these events across multiple betting sites, including Betway.
Monahan said that only the top 50 finishers in the FedEx Cup would compete in the Global Series. The best players have yet another chance to receive a guaranteed salary.
The announcement comes after several elite PGA Tour players decided to grace the new, Saudi-sponsored LIV Tour. Dustin Johnson, Bryson Dechambeau, Phil Mickelson, and Patrick Reed are among the players who have joined the new LIV Tour in search of fewer competitions and more payouts.
Recently, Brooks Koepka allegedly joined his brother Chase on the LIV Tour; however, Koepka’s management team is yet to confirm the rumors.
The PGA Tour event with the biggest purse right now is the Tour Championship. The Tour Championship’s winner takes home $17.5 million, while the one who finishes second earns $3.6 million.
The first LIV Tour competition was held in London, England , where Charles Schwartzel took home $4.75 million of the $20 million prize pool.
More about the LIV Golf Tour
There will be eight tournaments on the new LIV Golf Tour, which began in London in June and ends in October 30 in Miami. Every LIV Golf tournament will have 54 holes over 3 days as opposed to 72 holes over four days on the PGA Tour. The LIV Golf Series will also include shotgun starts, and participants will be eligible to take part in individual and team competitions for cash prizes.
The first season will have a total prize pool of $255 million. The 48 competitors competed on the first weekend at The Centurion Golf Club in London for a prize pool of $20 million, with an extra $5 million going to the top three teams. Each event will include 12 teams, each of which consists of 4 players.
The season’s finale will take place in Miami, where the team pot will rise to $50 million, and the top three competitors will each get $30 million in prize money. All events are available for betting on Betway, one of the top Golf betting sites.
Greg Norman, CEO of LIV Golf, wants to entice more of the best players in the world by offering financial incentives and a desired work-life balance. The inclusion of the team component is intended further to promote settings like the Ryder and Presidents Cup.