Tiger Woods to get $100 million for snubbing Saudi money and staying loyal to the PGA Tour

Tiger Woods to get $100 million for snubbing Saudi money and staying loyal to the PGA Tour

It is often said that loyalty pays, and in Tiger Woods' case, it surely does. Especially after all the uncertainty that has surrounded golf for the past few months with players entertaining the idea of leaving the PGA Tour for what could be a more lucrative agreement.

LIV Golf, also known as the Super Golf League, already has signed a great number of experienced and talented players like Phil Mickelson and Sergio Garcia and is looking to add more to increase its popularity and compete with the PGA by getting TV deals that steal viewers.

Even with this innovative circuit attracting some players, others have opted to stay loyal to what is still the most important professional golfer's organization. Because of that, a reward is being given to many players that have stayed.

Tiger Woods has received a notification that he will receive up to $100 million in equity for staying loyal to the PGA Tour. He received an email from Sawgrass HQ with the surprising news. Interesting enough is the fact that he is not the only one that would benefit from his decision.

Reports indicate that Rory McIlroy will also get a lot of money with an amount that can be around $50 million for not joining LIV Golf. There is no reason to believe that other players won’t receive some kind of reward as well, maybe under the $50 million figure but a considerable amount of money.

PGA Tour commissioner, Jay Monahan has been behind a deal that helps welcome new investment in the circuit. Strategic Sports Group invested $1.5 billion into PGA Tour Enterprises about three months ago and this has permitted the distribution of this compensation to golfers.

Strategic Sports Group is a consortium of investors led by Liverpool FC owner Fenway Sports. There is the belief that the money will be distributed to 193 PGA Tour golfers.