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Newsweek
3 days ago
- Business
- Newsweek
LIV Golf Doubles Down, Reportedly Will Award Record-Breaking Purses In 2026
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The LIV Golf tour has been in the news from Day 1 due to its substantial financial resources. It has flexed that muscle several times in player recruitment and, above all, in its sizable purses. The trend doesn't seem likely to change much. A Sports Business Journal report states that the Saudi-backed league is prepared to increase its tournament purses by 20% for the next season. This means going from the current $25 million to $30 million. Such a figure would break all professional golf records for high purses. Until now, LIV Golf tournaments were tied for first place with the Players Championship at $25 million. However, the PGA Tour's flagship event had an advantage over LIV Golf because its purse is entirely dedicated to an individual tournament, while LIV events currently allocate $20 million to that format, with $5 million as prize money for the top three teams. A flag with the LIV Golf logo is seen prior day three of the LIV Golf Invitational - Mayakoba at El Camaleon at Mayakoba on February 26, 2023 in Playa del Carmen, Mexico. A flag with the LIV Golf logo is seen prior day three of the LIV Golf Invitational - Mayakoba at El Camaleon at Mayakoba on February 26, 2023 in Playa del Carmen, second-highest purse for individual tournaments in the 2025 season was the US Open at $21.5 million, closely followed by the Masters Tournament at $21 million. The 14 individual tournaments on LIV tied for fourth place with the eight PGA Tour Signature Events, which also had $20 million purses each. But the fact is that no current professional golf event reaches a purse of $30 million, as LIV events will in 2026, according to the Sports Business Journal report. So far, there is no information available about how the LIV Golf purse distribution will be once the purses are increased. Currently, the individual events distribute its purse in the usual way in professional golf, with $4 million going to the winner and the last-place player receiving $50,000. The team event allocates $3 million to the winning team, $1.5 million to the runner-up, and $500,000 to the third-place finish. Teams in fourth through 13th place receive no prize money. Recently, The Telegraph reported that LIV Golf will suspend its practice of paying player fines imposed by the DP World Tour, effective after the Ryder Cup. The league is estimated to have spent about $20.3 million on this issue so far, with an additional $13 million to be added for the Jon Rahm and Tyrrell Hatton cases. More Golf: Lottie Woad Sends Powerful Five-Word Message Ahead Of Women's Open
Straits Times
3 days ago
- Business
- Straits Times
Report: LIV weekly purse increasing to $30M in 2026
Chile's Joaquin Niemann plays a shot on the 18th on the final day of the LIV Golf League event. LOS ANGELES – The weekly purses for LIV Golf competitions will increase to US$30 million in 2026, with the extra US$5 million going toward the team competition, the Sports Business Journal reported on Monday. Beginning next season, US$20 million in purse money will continue to cover individual stroke play with US$10 million dedicated to the team competition, per the report. By comparison, the eight Signature Events of the PGA Tour carry US$20 million payouts. The highest payout on the PGA Tour – even among Majors – is The Players Championship at US$25 million. The 13 LIV Golf teams are set up to be run independently, with each captain signing his own commercial deals and players. The onus of onboarding new players in the offseason is now more focused on teams and captains, with the enormous signing bonuses in the early stages of the league a thing of the past, per the SBJ. In other golf news, American Brianna Do and Canadian Anna Huang were among the 17 players to earn spots in this week's AIG Women's Open via Monday's 18-hole qualifier. The AIG Women's Open begins Thursday at Wales' Royal Porthcawl. Top stories Swipe. Select. Stay informed. Asia Thirty dead, over 80,000 evacuated, following heavy rain in Beijing Asia Thai army accuses Cambodia of violating truce Singapore NDP 2025: Enhanced security measures to be put in place around the Padang Business SIA shares tumble 6.8% after first-quarter profit slide Sport World Cup winner Fabio Cannavaro among list of top names for Singapore football coach World Trump says many are starving in Gaza, vows to set up food centres Business BYD tops Singapore car sales in first half of 2025 with almost one-fifth of the market Singapore ST Explains: What we know about the Tanjong Katong sinkhole so far Huang, the youngest player on the Ladies European Tour at 16, posted the low round Monday with her 4-under par 67 at Pyle and Kenfig Golf Club. She was followed by Ireland's Anna Foster and Thailand's Arpichaya Yubol at 3 under. 'I'm delighted with my score,' said Huang, who is No. 521 in the Rolex Women's Rankings. 'I don't play links golf, so it took a couple of practice rounds to get used to it, but I think I handled it pretty well. I played in the U.S. Open this year so this will be my second major championship. I learned a lot from that week and bringing more patience into this week will be really helpful.' Do, 35, tied for eighth at 1 under. The 2011 Women's Amateur Public Links champion will play in her first Women's Open since 2016. Ranked 351st, she is coming off a T23 in June at the KPMG Women's PGA Championship and a T59 three weeks ago at the Evian Championship. 'A few years ago, I was first alternate for the Evian, and I didn't get in, so I came over to Scotland and played quite a bit of golf,' Do said. 'I played the Old Course, Prestwick, Elie, so I played quite a bit for fun, and it was amazing. I learned quite a bit there but not in a tournament sense.' REUTERS
New York Post
3 days ago
- Sport
- New York Post
ESPN ‘deeply hurt' Dick Vitale with UNC-Duke decision
Dick Vitale didn't let it on publicly, but the legendary analyst was reportedly 'deeply' hurt when ESPN removed him from calling Duke-UNC games in 2015. Vitale had spent 35 years color commentating the storied rivalry, but the network opted to replace him with Jay Bilas, a decision made by then-ESPN president John Skipper. 'That really, deeply hurt him,' said an anonymous colleague, according to Tom Friend's profile of Vitale in Sports Business Journal. Dick Vitale in November 2022. AP Friend also reported that on the night Dickie V was inducted into the Sports Broadcasting Hall of Fame in 2018, he approached longtime ESPN executive George Bodenheimer and asked to be reinstated on the UNC-Duke game, only to learn Bodenheimer no longer worked at ESPN. Vitale, 86, has remained at ESPN in the following years, as a core part of the network's college basketball coverage. Known for his highly entertaining, energetic and unmistakable broadcast style, and for signature phrases like 'Awesome, baby!' and 'Dipsy-doo dunk-a-roo,' Vitale has become one of the most beloved figures in college hoops over the years. A former coach who worked in the high school and college ranks before a brief stint as head coach of the Pistons (1978-79), Vitale first joined ESPN in 1979, when he called his first Duke-UNC game. Dick Vitale before the Duke-UNC game at Cameron Indoor Stadium on March 3, 2012. Getty Images In recent years, the Passaic, N.J., native has battled through multiple cancer diagnoses, which first flared up in 2021 and returned in 2023. He announced that he was officially cancer-free in December 2024, and he made his return to the broadcast booth for the first time in two years for the Duke-Clemson game on Feb. 8. 'Santa Claus came early,' Vitale wrote on X at the time. 'Yes I'm cutting down the nets baby it's my National Championship!' Vitale is under contract with ESPN through the 2027-28 season, and he's expected to be part of the broadcast for the newly introduced Dick Vitale Invitational, which will feature Duke and Texas in Charlotte, N.C. on Nov. 4.
Reuters
3 days ago
- Business
- Reuters
Report: LIV weekly purse increasing to $30M in 2026
July 28 - The weekly purses for LIV Golf competitions will increase to $30 million in 2026, with the extra $5 million going toward the team competition, the Sports Business Journal reported Monday. Beginning next season, $20 million in purse money will continue to cover individual stroke play with $10 million dedicated to the team competition, per the report. By comparison, the eight Signature Events of the PGA Tour carry $20 million payouts. The highest payout on the PGA Tour -- even among majors -- is The Players Championship at $25 million. The 13 LIV Golf teams are set up to be run independently, with each captain signing his own commercial deals and players. The onus of onboarding new players in the offseason is now more focused on teams and captains, with the enormous signing bonuses in the early stages of the league a thing of the past, per the SBJ. --Field Level Media
NBC Sports
4 days ago
- Business
- NBC Sports
Falcons owner Arthur Blank envisions one international game per team, per year
NFL Commissioner Roger Goodell has said the league wants to stage 16 international games per year. The simplest math leads to one inescapable conclusion. Every team would play an international game, every year. Via Sports Business Journal, Falcons owner Arthur Blank said during a Saturday appearance on NFL Network that an 'international game every year for every team' is 'probably on the horizon.' It makes senses. Even if certain teams will create far less excitement than others, it makes sense for every team to be expected to do it once per year, for competitive reasons. For now, the league is limited under the Collective Bargaining Agreement to a maximum of 10 international games per year. In the next labor deal, it's widely expected that the number will increase to 16. With that (or possibly before that) will arrive an international broadcast package, primarily featuring European games that begin at 9:30 a.m. ET.
