LIV Golf Now Closed?

[Darkfrog]

2 hours ago, Friz said:

While anyone leaving for LIV is pretty much off my radar for the rest of their career, I at least have to respect Harold Varner for being the first guy to be legitimately honest about why he left.  Spoiler - its for the money, and he owned it.

 

HVIII with one of the more honest statements. However it still feels disingenuous to me. HVIII has earned more than $10 million on the PGA Tour (more than most people earn in a lifetime of work), and who knows how much else from stuff like sponsorships. Saying this ensures his kid has a solid base to start on comes off a little entitled - his kid(s) and probably grandkids and great grandkids would likely have been fine with him staying with the PGA Tour. I do appreciate that he wants to "forge pathways for kids interested in golf", as this is the first statement from a LIV player that I can think of about actually growing the game.

I don't get Cam Smith's quote:

Quote

"It's still super competitive out here. I just really think it's a little bit unfair."

He hasn't teed it up for LIV yet, how does he know how competitive it is?

[imsys0042]

6 minutes ago, Darkfrog said:

HVIII with one of the more honest statements. However it still feels disingenuous to me. HVIII has earned more than $10 million on the PGA Tour (more than most people earn in a lifetime of work), and who knows how much else from stuff like sponsorships. Saying this ensures his kid has a solid base to start on comes off a little entitled - his kid(s) and probably grandkids and great grandkids would likely have been fine with him staying with the PGA Tour. I do appreciate that he wants to "forge pathways for kids interested in golf", as this is the first statement from a LIV player that I can think of about actually growing the game.

HV3 is like the guy who walks into traffic court and says "But Your Honor, I was only going 2-3 mph over the speed limit" instead of the guy who claims he wasn't speeding at all.   Closer to the truth, but ....

Reminds me of the NBA player whose contact "wasn't enough to feed my family".   

[Jeremie Boop]

8 minutes ago, Darkfrog said:

HVIII with one of the more honest statements. However it still feels disingenuous to me. HVIII has earned more than $10 million on the PGA Tour (more than most people earn in a lifetime of work), and who knows how much else from stuff like sponsorships. Saying this ensures his kid has a solid base to start on comes off a little entitled - his kid(s) and probably grandkids and great grandkids would likely have been fine with him staying with the PGA Tour. I do appreciate that he wants to "forge pathways for kids interested in golf", as this is the first statement from a LIV player that I can think of about actually growing the game.

I don't get Cam Smith's quote:

He hasn't teed it up for LIV yet, how does he know how competitive it is?

Kind of makes you wonder what they think it takes for "generational wealth" to be attained. I always felt like $1 million well managed would pretty much ensure a least a very comfortable life for multiple generations.

[jmanbooyaa]

1 hour ago, iacas said:

OWGR points are available for many 54-hole events.

I did not know that. 

[iacas]

57 minutes ago, jmanbooyaa said:

I did not know that. 

Yeah. They give out reduced points, but they still award points. 72 holes is not a bare minimum threshold across the board.

[StuM]

1 hour ago, Jeremie Boop said:

Kind of makes you wonder what they think it takes for "generational wealth" to be attained. I always felt like $1 million well managed would pretty much ensure a least a very comfortable life for multiple generations.

Disagree.

Thanks to Inflation, Gen Z and Millennials Will Now Need $3M in Retirement Savings To Live Comfortably

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It has long been a rule of thumb to have $1 million saved for a comfortable retirement; but, thanks to inflation, the youngest generation of workers likely will need three times as much. According to...

 

 

[imsys0042]

21 minutes ago, iacas said:

Yeah. They give out reduced points, but they still award points. 72 holes is not a bare minimum threshold across the board.

That Freddy quote was solid gold!  Honestly, LIV talking points that these players deliver is like the crappy solutions that people push at work.  Delivered with about as much authenticity as the Driver Distance cheat from another thread.

 

 

[Jeremie Boop]

16 minutes ago, StuM said:

Disagree.

Thanks to Inflation, Gen Z and Millennials Will Now Need $3M in Retirement Savings To Live Comfortably

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It has long been a rule of thumb to have $1 million saved for a comfortable retirement; but, thanks to inflation, the youngest generation of workers likely will need three times as much. According to...

 

 

Interesting. Althought I wasn't talking about living a comfortable retirement. I meant to live comfortably. Still work but have a good amount of available funds to enjoy life. I didn't expect people to never work while living on that 1 million for generations.

[StuM]

18 minutes ago, Jeremie Boop said:

Interesting. Althought I wasn't talking about living a comfortable retirement. I meant to live comfortably. Still work but have a good amount of available funds to enjoy life. I didn't expect people to never work while living on that 1 million for generations.

Maybe on top of the money a person saves on their own, but not that $1m alone.  Hopefully, we will all stop working at some point and the funds need to survive those retirement years to be passed to the next generation.   Assuming retire at 65 and live to 85+ that is 20+ years that funds needs to survive that time period.  And 20 years inflation at only 3% means if you need $40,000 at age 65 you will need @ $70,000 at age 85.  Now, current inflation is how much???  I just do not see it lasting multiple generations.  I think we are OT so I say we agree to disagree. 

[Vinsk]

6 hours ago, imsys0042 said:

I also saw on Twitter that his LIV press conference has him whining about not going home, not having enough time for friends and family.   He's missed weddings...   STFU!   He's already so rich he can go home anytime he wants and miss something, not to mention it's not like he works a regular job and gets 2-4 weeks off a year and has to budget.

I think this just goes back to what I said a while back about the rich losing touch with reality a bit. Flying on a private jet can be exhausting. 

[turtleback]

10 hours ago, iacas said:

OWGR points are available for many 54-hole events.

Are they planned 54 hole events or 72 hole hole events that were curtailed due to conditions.  If the former, out of curiosity could you name one or two?  I also was not aware of it.

6 hours ago, StuM said:

Maybe on top of the money a person saves on their own, but not that $1m alone.  Hopefully, we will all stop working at some point and the funds need to survive those retirement years to be passed to the next generation.   Assuming retire at 65 and live to 85+ that is 20+ years that funds needs to survive that time period.  And 20 years inflation at only 3% means if you need $40,000 at age 65 you will need @ $70,000 at age 85.  Now, current inflation is how much???  I just do not see it lasting multiple generations.  I think we are OT so I say we agree to disagree. 

To get back on topic, HVIII has a 10,000,000 net worth.   Barring complete economic collapse or terrible personal financial decisions (like taking up losing at high stakes gambling), that is more than enough to afford him a very affluent lifestyle for the rest of his life plus send his kids to whatever schools he wants to.  I think the issue with some of these guys is they aren't satisfied with that and think they deserve to live the very opulent lifestyle of guys who have been around longer and accomplished much more. They compare themselves to the Dustin Johnson's of the world, not the guy who comes to fix their plumbing.

Although the LIV guys aren't gen Zers, what they are doing is pretty comparable to quiet quitting.

Edited September 2, 2022 by turtleback

[iacas]

Just now, turtleback said:

Are they planned 54 hole events or 72 hole hole events that were curtailed due to conditions.  If the former, out of curiosity could you name one.

Fully planned 54-hole events.

You can find a bunch if you just look (1, 2, 3, etc…), plus the wikipedia page says "54-hole tournaments reduced to 36 holes retain full points."

Several tours which offer OWGR points are almost exclusively 54-hole events. The 54-hole nature of LIV alone is not a disqualified.

Just now, turtleback said:

To get back on topic, HVIII has a 10,000,000 net worth.   Barring complete economic collapse, that is more than enough to afford him a very affluent lifestyle plus send his kids to whatever schools he wants to.

It's not enough for his kids to be guaranteed to be able to do the same for their kids, though.

Just now, turtleback said:

They compare themselves to the Dustin Johnson's of the world, not the guy who comes to fix their plumbing.

I mean, is their plumber one of the top 1% of the top 1% of the top 1% in their chosen profession?

[Shindig]

14 hours ago, iacas said:

Wahhhh wahhhh wahhhh wahhhh.

Open Champion Cameron Smith says it's 'not fair' LIV golfers are not getting ranking points

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British Open champion Cameron Smith said on Wednesday he felt it was unfair that those who joined LIV Golf are not receiving world ranking points and hopes that changes before his exemption into golf's four...

If only there were a way for him to have known this would happen before he signed the paper!  /s

8 hours ago, Jeremie Boop said:

Interesting. Althought I wasn't talking about living a comfortable retirement. I meant to live comfortably. Still work but have a good amount of available funds to enjoy life. I didn't expect people to never work while living on that 1 million for generations.

Even if we're talking $1M in a Roth IRA and being old enough for penalty-free withdraws, that's probably enough for one person (maybe two) to retire somewhere in reasonable comfort, barring a major emergency.  Some of these guys are signing for money where the interest on the interest (this is a terrible phrasing on my part) could possibly, or even likely, support an individual for life.  

[boogielicious]

This full page add was in the front section of The Boston Globe today. There is also an article about the LIV Tournament in Bolton, MA.

[iacas]

 

[Elmer]

Here is what I can not comprehend about the LIV golf Tournament. Actually one of many things, but this one just keeps me up at night!

LIV continues to acquire golfers. They play 54 hole events. At what point do they have too many golfers? 18 hole shot gun start, assuming they have 4 golfers per hole, that is 72 golfers.

At what point do they start bumping lesser known guys to make room for more well known golfers.
At which point LIV is just paying Bubba Watson to stay home?

[iacas]

1 minute ago, Elmer said:

Here is what I can not comprehend about the LIV golf Tournament. Actually one of many things, but this one just keeps me up at night!

LIV continues to acquire golfers. They play 54 hole events. At what point do they have too many golfers? 18 hole shot gun start, assuming they have 4 golfers per hole, that is 72 golfers.

At what point do they start bumping lesser known guys to make room for more well known golfers.
At which point LIV is just paying Bubba Watson to stay home?

They have 48 golfers. They've already bumped several people.

Bubba is injured and not currently playing.

[iacas]

Cool. Cool cool cool cool.