![]() The PGA Championship purse was $12 million and the Masters and British Open awarded $11.5 million. A year ago, the richest major was the U.S. The majors typically don’t announce their purses until closer to the event. That doesn’t include the $75 million from the FedEx Cup, and it doesn’t include the majors, which now are lagging behind regular PGA Tour events. Prize money from official events comes out to $360.1 million. The $838 million allocated to the players includes $32 million from the reserve fund. Monahan said the tour’s forecast is for 55% of revenue going back to the players in prize money, bonus programs and other benefits. “We are positioned to grow faster in the next 10 years than we have at any point in our existence,” Monahan said in the memo, which was obtained by The Associated Press. The increases, which include $12 million purses in the three invitational tournaments, were approved at a board meeting two weeks ago in Houston and outlined in a memo PGA Tour Commissioner Jay Monahan sent to players on Monday. The PGA Tour is raising purses even higher in five of its biggest events, with two FedEx Cup playoff events now offering $15 million in a schedule that pushes prize money closer to the $500 million mark this year. ![]()
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