The PGA Tour sent an email to its members Wednesday, detailing how it will divide $930 million of equity among the players.
The memo came one week after the PGA Tour signed an agreement with the Strategic Sports Group (SSG), which plans on investing up to $3 billion into PGA Tour Enterprises, a newly created for-profit entity.
The $930 million will be awarded to four groups of players, and the tour begin this program in March—likely coinciding with The Players Championship.
Here is a breakdown:
Group 1: $750 million total. Equity will be distributed to 36 players. Based on “career performance, last five-year performance, and Player Impact Program
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