PGA Tour extends FedEx Cup sponsorship for 10 years

PGA Tour extends FedEx Cup sponsorship for 10 years

Queensland's Brad Kennedy looks primed for a tilt at a third Japan tour title ahead of this week's Japan PGA Championship on the island of Okinawa.

Sergio Garcia will reluctantly take the green jacket off and return to the PGA Tour this week. (He has a news conference scheduled for Tuesday morning at The Players.) There has been an global push by executives and players to end the playoffs by Labor Day, when football season begins, to maximize exposure and provide some semblance of an offseason. And with this mega deal, the PGA expects for the payout of $10 million for the FedExCup victor along with the $35 million bonus pool to increase substantially, something that will certainly please the players.

The FedEx Cup arrived on the golf scene in 2007 with the goal of crowning a "season champion" and making each individual tournament grow in importance through the season-long points competition. Chief among them would be the possible movement of the Players from May back to the March date it held prior to 2007, with a corresponding move by the PGA Championship from August to May. "That's where we'll be for the foreseeable future".

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However, PGA Tour Commissioner Jay Monahan says he expects the payout to increase significantly from its $35 million bonus pool and $10 million prize for the victor. In the end, it's the players.

The Tour and FedEx mesh quite well as the two continue to expand globally. FedEx has 400,000 employees, and operates a worldwide business portfolio producing annual revenues of $58 billion.

PGA Tour commissioner Jay Monahan, who succeeded Tim Finchem at the start of this year, said the extension with the largest sponsor in the sport is an important marker of the positive image that professional golfers project to the corporate world.

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"Added Patrick Fitzgerald, senior vice president for FedEx: "[Golf] seems to attract some of the best athletes and people and citizens in the community that we could expect, so we're very proud of that".

"It is a privilege to be able to welcome the top 30 players on the planet to compete on the home course of the legendary Bobby Jones for all the fame and fortune of the FedEx Cup as the season-ending event", Stephenson said.

"We're trying to do better", he said.

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