PGA
Tour extends deal with FedEx through 2027
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[May 10, 2017]
(Reuters) - The PGA Tour and
FedEx have agreed on a new 10-year contract extension with the
American shipping giant sponsoring the FedEx Cup and the
four-tournament playoffs through 2027, Tour commissioner Jay Monahan
has said.
The courier services company, which partnered the PGA Tour in 1985,
started the season-long FedEx Cup competition in 2007 with the
winner receiving $35 million in bonus money.
"As we went through this process, we've identified a number of ways
for us to continue to enhance the magnitude and consequence of the
FedEx Cup, and that's complicated," Monahan told reporters without
revealing financial details of the new deal.
"I'm really comfortable with where the Cup is and excited about the
flexibility that this gives us on a long-term basis."
According to media reports, major scheduling changes are being
planned and the US PGA Championship could take place in May instead
of August in an effort to end the golf season before the American
football campaign begins in September.
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"Right now the schedule that we play is the schedule we're going
with and will be going with for the foreseeable future," Monahan
said.
"Whether or not we make any changes, we haven't made any firm
decisions, but that is what I'm referring to when I talk about
flexibility..."
"I'm not saying we're making scheduling changes. I am saying that
we've got a commitment through this agreement to significantly raise
the consequence of the Cup."
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![](../images/051017pics/sports59.jpg)
Rory McIlroy celebrates with the FedEx Cup Trophy and the Tour
Championship Trophy after the final playoff round of the Tour
Championship at East Lake Golf Club. Butch Dill-USA TODAY Sports
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Defending FedEx Cup champion Rory McIlroy could see logic behind the
change.
"I can definitely see the reasons for it. We would have a big event
every month. Then the FedEx run would be a little earlier and not
clash with the (American) football. I can definitely see why that
would happen," McIlroy said.
The Players Championship will begin on May 11 and the PGA
Championship will be held in August at the Quail Hollow Club in
Charlotte, North Carolina.
(Reporting by Aditi Prakash in Bengaluru; editing by Amlan
Chakraborty) [© 2017 Thomson Reuters. All
rights reserved.]
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