Speaking at a press conference held on the eve of the PGA Tour’s Travelers Championship, PGA Tour Comissioner Jay Monahan outlined significant changes to the current set up, with the first being that the Tour will be returning to a calendar-year schedule from the beginning of 2024, thus bringing an end to the ‘wrap-around’ schedule that ended in September and started up again in October.
The new schedule will run from January through to August, with only the top 70 players qualifying for the first event of the FedEx Cup PlayOffs, the FedEx St Jude Invitational, down from the 125 that have reached the first of three play-off events in recent years. The top 50 will then qualify for the BMW Championship, with the top 30 going forward to the Tour Championship.
Other notable changes include prize funds for eight events being significantly increased from 2023. These are the Sentry Tournament of Champions ($15m, up from $8.2m in 2022); Genesis Invitational ($20m, up from $12m); Arnold Palmer Invitational ($20m, up from $12m); Players Championship ($25m, up from $20m); WGC-Dell Technologies Match Play ($20m, up from $12m); Memorial Tournament ($20 m, up from $12m); FedEx St Jude Championship, the first event of the FedEx Cup Playoffs ($20m, up from $15m); and the BMW Championship, the second event of the playoffs ($20m, up from $15m).
Monahan said that prize fund increases, some of which have almost been doubled, will be funded by sponsor support and supplemented in the short-term by the tour’s own income.