How does the PGA Tour pay the FedEx Cup?
The current FedEx Cup bonus policy has been in effect since 2008. Accordingly, the PGA Tour spends most of the cash on all top 10 players, and the rest goes to personal retirement funds. In this group, the immediate financial benefit depends on the specific position. In the first year of that regulation, Vijay Singh received $ 10 million when holding the FedEx Cup, but the actual share was only $ 9 million, and the remaining $ 1 million went to a separate retirement account. Meanwhile, bonuses for the entire segment outside the top 10 will be included in the financial plan upon retirement.
The PGA Tour has linked the two forms of FedEx Cup payouts to avoid legal trouble in the event that a member's retirement fund increases to a large extent. This move was considered by the organization that owns the US first-class golf arena in 2007, right after the opening of the full-season championship contest. At that time, Tiger Woods won the FedEx Cup, and the business media raised the possibility that the retirement fund of "Super Tiger" could reach a billion dollars if he reached the throne of the arena six times.
This prospect was sparked by the launch of the FedEx Cup, a completely cashless bonus scheme that focuses on an individual's retirement fund with full use at the age of 45. During the suspension period, they can either keep it or ask the PGA Tour to disburse it into optional investments.
When the bonus is drawn, they have the right to postpone until the age of 60 or participate in less than 15 tournaments per season. And then, if they choose to take it all, the host institution will disburse the cash every month for five years.
The owner of the 2023 FedEx Cup will be revealed through the results of the Tour Championship grand final at East Lake par70 in Atlanta, Georgia. This morning, August 27, Hanoi time, the tournament ended in round 3 with the top of the group belonging to Viktor Hovland, at -20 while Xander Schauffele ranked second (-14). However, Hovland's actual battle score in the Tour Championship was at -12, Schauffele -11 when he dropped the starting point.
From 2019, the Tour Championship is only available for the top 30 FedEx Cup tables. According to the rules of the final tournament, the first place in this group entered the game with -10 points, second place -8 and then a point gradually decreased to fifth place. After that, that reduction step will gradually return to even par, applied to the next five groups.
The owner of the FedEx Cup this period will receive $ 18 million, next year will bring up to $ 25 million.
