FedEx Cup money is not an annuity... - Golf and Golf Tournament Forum
| FWIW, Jack Nicklaus was 46 when he won his last major, the Masters in '86. Food for thought. |
EDIT: looking at his wiki, Boros actually won the 1968 PGA at the age of 48, so was 53 when he finished T7 in 1973, although he was in contention down the stretch.
| I'm wondering if we haven't been tricked? In past years, large sums of money have been put into the retirement fund of fully vested (and partially vested) tour players.
The amount of money depended on how well the player played, and other variables such as: did you play in more events this year than last year.
I don't know if the sum of all this money totalled $35 million, but it wouldn't surprise me. Has the tour found a way to get a new sponsor (fedex) out of money they've been distributing in the past? Is this $35m the total sum of retirement money going into these 150 players retirement fund?
If so, nothing has been added to the tour, just reshuffled. As to the
retiring at 45 thing, it's been that way for a long time, and the amount of money these players will get when they do decide to retire would shock and amaze, I'm sure.
Could you explain this? The PGA Tour actually has some form of retirement package? How does it work? Does everyone get a bit?
| if ryan moore wins, should he go play the euro tour and the majors and take the 10 million now? |
The money would be there when he's 45 anyway, and his expectation on the tour is much more than $10m. MUCH MUCH more!
| The present value of his future earnings is not likely much much greater than $10M IMO. |
| Agreed that if this update is the case, they've ensured that Tiger, Phil & plenty of other guys will never play the Champions tour. |
It's the very good "journeyman" pros (the Padrag's and the like) that will have a few extra million in the bank and probably not want to play full time. Those will be the real losses come 15-20 years from now.