bmw championship dp world tour leaderboard

BMW PGA Championship

Latest golf videos, mcilroy: there are still some hard feelings that need to be addressed.

• Terms of Use
• Privacy Policy
• Your US State Privacy Rights
• Children's Online Privacy Policy
• Interest-Based Ads
• About Nielsen Measurement
• Do Not Sell or Share My Personal Information
• Disney Ad Sales Site
• Work for ESPN
• Corrections

Advertisement

Rory mcilroy's rise, min woo lee's visit to buckingham palace and more from saturday's second round at bmw pga championship, share this article.

The DP World Tour’s 2022 BMW PGA Championship resumed early Saturday morning at Wentworth Club in Virginia Water, Surrey, England. The tournament was reduced to 54 holes on Friday following the death of Queen Elizabeth II.

The first round was completed early Saturday, then the second round wrapped up in the evening. The tournament will conclude Sunday, meaning the third round will be the final round. The cut was 4 under, with 72 players earning Sunday tee times.

Here’s a look at five takeaways from the second round, including Rory McIlroy’s rise up the leaderboard and Min Woo Lee’s incredible round that may have been sparked by a visit to Buckingham Palace.

Viktor Hovland, Soren Kjeldsen tied for the lead

Viktor Hovland watches his approach from the 18th fairway at the BMW PGA Championship at Wentworth Golf Club on September 10, 2022.. (Photo by GLYN KIRK/AFP via Getty Images)

Viktor Hovland is looking for another victory.

Hovland, who co-led after the first 18 holes, is also in the lead at 12 under following the second round, tied with Soren Kjeldsen heading to Sunday. Hovland shot a 4-under 68 on Saturday, Kjeldsen shot an 8-under 64 to vault up the leaderboard.

Thomas Detry is in third at 11 under with Rory McIlroy and Rafa Cabrera Bello. They all shot 7 under on Saturday.

Viktor Hovland admits he was a bit starstruck on his first visit to the BMW PGA Championship but now he feels ready to get the job done after playing the first two rounds in 12 under par. #BMWPGA | #RolexSeries — DP World Tour (@DPWorldTour) September 10, 2022

Rory comin?

Rory McIlroy of Northern Ireland tees off on the seventh hole during the second round of the BMW PGA Championship at Wentworth Golf Club in Virginia Water, England. (Photo by Ross Kinnaird/Getty Images)

Guess who’s lurking near the top of another leaderboard? Yup, Rory McIlroy.

He fired a 7-under 65 on Saturday during his second round and moved to within a shot of the lead at 11 under, and he played brilliantly. He recorded five birdies and an eagle on the par-5 fourth hole.

McIlroy won his last start two weeks ago at the Tour Championship, and he’s in the middle of playing three times in four weeks in Europe . A strong Sunday could give him yet another big victory.

Play paused to honor Queen Elizabeth II

Spectators paused for two minutes during round two of the BMW PGA Championship at Wentworth Golf Club on September 10, 2022 in Virginia Water, England. (Photo by Eamonn M. McCormack/Getty Images)

Queen Elizabeth II’s death has sent shockwaves throughout the world, and it has hit close to home at Wentworth.

At 9:50 a.m. local time (4:50 a.m. ET), there was a two-minute moment of silence across the grounds in respect to Queen Elizabeth II. Black ribbons have been available for players to wear during competition and flags will fly at half-staff for the remainder of the tournament.

A two minute silence was observed at the BMW PGA Championship to commemorate the life of Her Majesty Queen Elizabeth II. pic.twitter.com/QOXaa1IopT — DP World Tour (@DPWorldTour) September 10, 2022

Min Woo Lee visited Buckingham Palace

Min Woo Lee tees off on the 18th hole during round two of the BMW PGA Championship at Wentworth Golf Club on September 10, 2022, in Virginia Water, England. (Photo by Andrew Redington/Getty Images)

Min Woo Lee had the best round in the field Saturday, carding a 10-under 62 that included two eagles to move to 6 under. He improved his score by 14 shots from Thursday in the first round to Saturday.

And there may be a reason why.

He and a few others went to Buckingham Palace on Friday to pay respects to the Queen.

. @Minwoo27Lee paid his respects yesterday with a visit to Buckingham Palace. #BMWPGA | #RolexSeries pic.twitter.com/QSLulftEAT — DP World Tour (@DPWorldTour) September 10, 2022

Gooch, Otaegui leads LIV golfers in the field

Talor Gooch plays his second shot on the fourth hole during the second round of the BMW PGA Championship at Wentworth Golf Club in Virginia Water, England. (Photo by Andrew Redington/Getty Images)

Not all LIV golfers who started the week at Wentworth are still in the field , but Talor Gooch is again near the top of the leaderboard.

He shot 8 under in the second round and sits two shots back of the lead at 10 under for the tournament. Gooch finished sixth at LIV Golf Boston and held at least a share of the lead following each of the first two rounds.

He’s tied for sixth along with Shane Lowry, Francesco Molinari, Matthew Jordan and Adrian Otaegui, another LIV golfer who birdied his last hole to get to 10 under, as well. Otaegui shot 7 under during Saturday’s round.

Most Popular

Photos: lpga's amy olson announces retirement, rickie fowler makes hole-in-one with star-studded group at one of the most exclusive golf clubs in the country, 10 best teams to watch at 2024 zurich classic of new orleans at tpc louisiana, tommy fleetwood traded his clubs for his stepson's as a caddie at challenge tour event, stephanie sparks, host of golf channel's reality series 'big break,' dies at age 50, the list of top 18 money winners in pga tour history has plenty of surprises, irons used by golfers ranked in the top 10 in strokes gained: approach the green.

BMW PGA Championship

Latest golf videos, mcilroy: there are still some hard feelings that need to be addressed.

• Terms of Use
• Privacy Policy
• Your US State Privacy Rights
• Children's Online Privacy Policy
• Interest-Based Ads
• About Nielsen Measurement
• Do Not Sell or Share My Personal Information
• Disney Ad Sales Site
• Work for ESPN
• Corrections

Live BMW PGA Championship leaderboard

Golf DP World Tour

2023 BMW Championship final results: Prize money payout, leaderboard and how much each golfer won

The 2023 BMW Championship final leaderboard is headed by winner Viktor Hovland , who earns his fifth PGA Tour title with a win at Olympia Fields Country Club near Chicago, Ill.

Hovland won the tournament with an incredible back-nine 28 to shoot a course-record 61 that gave him a two-shot win over Scottie Scheffler and Matt Fitzpatrick on 17-under 263.

Rory McIlroy finished in solo second place on 12-under total, well out of the three-person fray that developed on the final nine holes of the tournament.

Hovland won the $3,600,000 winner's share of the $20,000,000 purse.

BMW Championship recap notes

Hovland earned 49.5 Official World Golf Ranking points with the win in the 72-hole stroke-play championship, which helps his place in the world ranking.

Hovland earned 2,000 FedEx Cup points, with the PGA Tour points offered at the playoff level for this event.

A total of 49 (of 50) players finished the tournament in the 46th event of the 2022-2023 PGA Tour season after a 36-hole cut was not made in this event.

The 2022-2023 PGA Tour schedule concludes next week with the 2023 Tour Championship .

2023 BMW Championship final leaderboard, results and prize money payouts

Click header to sort; rotate mobile screens for details

About the author

Ryan Ballengee

Ryan Ballengee is founder and editor of Golf News Net. He has been writing and broadcasting about golf for nearly 20 years. Ballengee lives in the Washington, D.C. area with his family. He is currently a +2.6 USGA handicap, and he has covered dozens of major championships and professional golf tournaments. He likes writing about golf and making it more accessible by answering the complex questions fans have about the pro game or who want to understand how to play golf better.

Ryan talks about golf on various social platforms:

X or Twitter: https://twitter.com/ryanballengee Facebook: https://facebook.com/ryanballengeegolf Instagram: https://instagram.com/ryanballengee YouTube: https://youtube.com/@ryanballengeegolf

Ballengee can be reached by email at ryan[at]thegolfnewsnet.com

Ryan occasionally links to merchants of his choosing, and GNN may earn a commission from sales generated by those links. See more in GNN's affiliate disclosure.

Zurich Classic of New Orleans

TPC Louisiana

Payday at Wentworth

Here's the prize money payout for each golfer at the 2023 BMW PGA Championship

Kate McShane

The BMW PGA Championship is considered the DP World Tour’s flagship event, and rightfully so given the list of past winners. Among some of the game’s best player to claim the title have been Tony Jacklin, Arnold Palmer, Nick Faldo, Seve Ballesteros, Bernhard Langer, Ian Woosnam, Jose Maria Olazabal, Colin Montgomerie and Rory McIlroy. And recent champs have also double as major winners, too, including Francesco Molinari, Danny Willett and Shane Lowry, winner a year ago at Wentworth .

Suffice it to say, joining this honor roll is something New Zealand’s Ryan Fox certainly aspired to do this week. But the way he grabbed it on Sunday was particularly impressive. A closing 67 that included a triple bogey on the third hole then eight birdies on his final 13 holes—capped by a six-footer on the 18th—allowed him to beat Tyrrell Hatton by one stroke.

The 36-year-old had won three times previously on the DP World Tour, but this victory was the most prestigious. The Rolex Series event offers an overall prize money payout of $9 million with Fox claiming at first-place payday of $1.53 million.

More From Golf Digest

Here's the overall prize money payout for each golfer who made the cut this week at Wentworth. 

Win: Ryan Fox, -18, $1,530,000

T-2: Tyrrell Hatton, -17, $776,700

T-2: Aaron Rai, -17, $776,700

4: Jon Rahm, -16, $450,000

5: Viktor Hovland, -15, $381,600

6: Tommy Fleetwood, -14, $315,000

T-7: Callum Shinkwin, -13, $232,200

T-7: Rory McIlroy, -13, $232,200

T-7: Adam Scott, -13, $232,200

T-10: Ludvig Aberg, -12, $161,325

T-10: Connor Syme, -12, $161,325

T-10: Sepp Straka, -12, $161,325

T-10: Hennie Du Plessis, -12, $161,325

T-14: Romain Langasque, -11, $129,600

T-14: Min Woo Lee, -11, $129,600

T-14: Joost Luiten, -11, $129,600

T-14: Tom Hoge, -11, $129,600

T-18: Tom Kim, -10, $105,300

T-18: Billy Horschel, -10, $105,300

T-18: Shane Lowry, -10, $105,300

T-18: James Morrison, -10, $105,300

T-18: Vincent Norrman, -10, $105,300

T-18: Matt Fitzpatrick, -10, $105,300

T-18: Alexander Bjork, -10, $105,300

T-25: Marcus Helligkilde, -9, $90,900

T-25: Rikuya Hoshino, -9, $90,900

T-25: Jason Scrivener, -9, $90,900

T-28: Nathan Kimsey, -8, $80,100

T-28: Richie Ramsay, -8, $80,100

T-28: Adrian Meronk, -8, $80,100

T-28: Matthew Baldwin, -8, $80,100

T-28: Jorge Campillo, -8, $80,100

T-33: Thomas Detry, -7, $70,650

T-33: Thorbjorn Olesen, -7, $70,650

35: Julien Brun, -6, $66,600

T-36: Luke Donald, -5, $56,700

T-36: Shubhankar Sharma, -5, $56,700

T-36: Louis De Jager, -5, $56,700

T-36: Daan Huizing, -5, $56,700

T-36: Adrian Otaegui, -5, $56,700

T-36: Justin Rose, -5, $56,700

T-36: Andy Sullivan, -5, $56,700

T-36: Mikael Lindberg, -5, $56,700

T-36: Darius Van Driel, -5, $56,700

T-45: Rasmus Hojgaard, -4, $43,200

T-45: Robert MacIntyre, -4, $43,200

T-45: Yannik Paul, -4, $43,200

T-45: Robin Sciot-Siegrist, -4, $43,200

T-45: Johannes Veerman, -4, $43,200

T-45: Masahiro Kawamura, -4, $43,200

T-51: Calum Hill, -3, $32,850

T-51: Daniel Brown, -3, $32,850

T-51: Dan Bradbury, -3, $32,850

T-51: Matthew Jordan, -3, $32,850

T-51: Tom McKibbin, -3, $32,850

T-51: David Law, -3, $32,850

T-57: Matt Wallace, -2, $27,450

T-57: Oliver Bekker, -2, $27,450

T-57: Rafa Cabrera Bello, -2, $27,450

T-57: Santiago Tarrio, -2, $27,450

T-61: Adri Arnaus, -1, $24,300

T-61: Aaron Cockerill, -1, $24,300

T-61: Lukas Nemecz, -1, $24,300

T-64: Nicolai Hojgaard, E, $21,600

T-64: Sebastian Soderberg, E, $21,600

T-64: Danny Willett, E, $21,600

T-67: Marcel Schneider, +1, $19,350

T-67: Ashun Wu, +1, $19,350

T-69: Alex Fitzpatrick, +2, $16,200

T-69: Zander Lombard, +2, $16,200

T-69: Hurley Long, +2, $16,200

T-72: Nicolas Colsaerts, +3, $13,495

T-72: Jordan Smith, +3, $13,495

T-74: Kalle Samooja, +4, $13,488

T-76: Jeremy Freiburghaus, +5, $13,480

T-76: Pablo Larrazbal, +5, $13,480

T-76: Oliver Wilson, +5, $13,480

79: Scott Jamieson, +8, $13,474

More from Golf Digest

Trending now.

Paul and local stars lead after delayed day one

Taiheiyo Club, Gotemba Course, Gotemba, Japan

Join My Tour today!

Receive priority ticket access, exclusive content and enter competitions and games.

Top Stories

Paul and Ko among round one leaders in Japan

ISPS HANDA - CHAMPIONSHIP | Day one highlights

Keita Nakajima happy to have home support on day one in Japan

ISPS HANDA - CHAMPIONSHIP - Day one digest

WATCH: Marcus 'The Bullet' Armitage on a bullet train

Guy Kinnings elected Chairman of the International Golf Federation

Matthieu Pavon aiming to maintain career-best form and win in Japan

Scandinavian stars set for Vasatorps Golfklubb

Taiheiyo Club Gotemba Course - The long-standing history of DP World Tour's newest venue

How to watch the ISPS HANDA - CHAMPIONSHIP

International Golf Federation Celebrates 100 Days until Olympic Golf at Paris 2024 

Asian Swing: What is at stake ahead of final two events in Japan and China? 

With two events remaining on the Asian Swing and a host of big incentives on the line, there is plenty to play for as the DP World Tour's Race to Dubai continues.

Featured Video

Connor Syme: Delighted to play well on my return after a six-week break

Keita Nakajima: It was a good day, hopefully I can play three more good rounds

What's In The Bag? | Tom McKibbin 

What's In The Bag? | Sam Bairstow

Yannik Paul: I capitalised on my chances - the work with my putting coach has worked really nicely

Race to Dubai Rankings Leaders

The latest rankings from the 2024 season.

Rory MCILROY

Rikuya HOSHINO

Jesper SVENSSON

Tommy FLEETWOOD

Ludvig ÅBERG

Joaquin NIEMANN

Adrian MERONK

Min Woo LEE

Thriston LAWRENCE

Darius VAN DRIEL

2024 season statistics, the numbers behind the leading players.

Driving Distance (yrds)

Wilco NIENABER

Average Putts Per Round

Andy SULLIVAN

Find out more, find out more about the dp world tour.

What is the DP World Tour?

The DP World Tour is the main men’s professional golf Tour of the European Tour group. 

All you need to know about the Race to Dubai

Everything you need to know about the Race to Dubai on the DP World Tour. 

All you need to know about the Rolex Series

Everything you need to know about the Rolex Series on the DP World Tour.

About DP World

Find out more about DP World, the DP World Tour's title partner.

DP World Tour Partners

Dian Murial

Explore ideas, tips guide and info Dian Murial

Dp World Tour Bmw Championship 2024 Leaderboard

Dp World Tour Bmw Championship 2024 Leaderboard . Flashscore.com offers bmw pga championship leaderboard, final and partial. View the latest dp world tour golf leaderboard on bbc.

Bmw pga championship leaderboard, stats, tournament details and latest odds. Less than an hour from central london, the festival of golf combines.

Leaderboard, Live Scoring Der European Dp World Tour.

Bmw pga championship leaderboard has both final and partial.

Relive All The Best Moments From Round 1 Of The 2022 Bmw Pga Championship, As Tommy Fleetwood.

Fantasy dp world tour rolex series news news overview articles videos players players discover players exemption categories.

Last Updated 31St March 2024 At 12:36.

Images references :, you are on bmw pga championship scores page in golf/dp world tour section..

Flashscore.com offers bmw pga championship leaderboard, final and partial.

Less Than An Hour From Central London, The Festival Of Golf Combines.

Bmw pga championship scores page belongs to the golf/dp world tour section of flashscore.co.uk..

After a month's stop, DP World Tour is back

A fter a month-long hiatus, the DP World Tour takes center stage once again with the ISPS Handa Championship. From April 25th to 28th, the tournament will be held in Gotemba, Japan, in the Shizuoka Prefecture, with eight Italians competing.

Alongside Matteo Manassero, who has already secured a victory at the Jonsson Workwear Open in South Africa this year, the lineup includes Guido Migliozzi, Edoardo Molinari, Renato Paratore, Francesco Laporta, Filippo Celli, Lorenzo Scalise, and Andrea Pavan.

All Italians will be present except for Francesco Molinari, who will be competing in the Zurich Classic of New Orleans in the United States, partnered with Luke Donald, captain of the European Ryder Cup team.

Dp, results

Currently ranked 12th in the Race to Dubai, the DP World Tour's merit-based system, Manassero is coming off a 5th-place finish at the Hero Indian Open.

As one of the pre-tournament favorites, the 31-year-old Venetian will face stiff competition from the numerous Japanese players, exactly 45 of whom will be vying for glory on home soil. Among them are Keita Nakajima, the reigning champion of the Hero Indian Open, and Rikuya Hoshino, this year's Qatar Masters champion and currently second in the money list.

Additionally, Ryo Hisatsune will have a chance to shine. In 2023, he became the third Japanese golfer in history to win a title on the circuit after Hideki Matsuyama (Masters 2021) and Isao Aoki (Panasonic European Open 1983) thanks to his victory at the Open de France.

The event, now in its third edition and organized in collaboration with the Japan Golf Tour, will offer a prize purse of $2,250,000, with $382,500 going to the winner. The tournament will take place at the Taiheiyo Club Gotemba course, designed in 1977 by Shunsuke Kato and renovated in 2018, providing a scenic backdrop of Mount Fuji.

The course previously hosted the World Cup of Golf in 2001 and will host the Asia Pacific Amateur Championship in October. Notably absent from the tournament will be Australian Lucas Herbert, the 2023 champion, who has since joined the LIV Golf, the Arabian Super League.

Among the prominent competitors are Frenchman Matthieu Pavon, who finished 12th at The Masters, and past winner Yuto Katsuragawa from Japan, who claimed victory in 2022.

Like our content? Follow Tennis World USA on MSN.

The Post After a month's stop, DP World Tour is back appeared first on Tennis World USA

• Related: Cameron Smith Reveals Changes for This Year's LIV Adelaide

• Share on Facebook
• Share on Twitter
• Share by Email

How much is PGA Tour loyalty actually worth? Pros find out this week

Jordan Spieth and Scottie Scheffler wait on a tee box during The Sentry earlier this year.

Getty Images

The official word arrived on the last day of January, but it was not exactly news. The PGA Tour had finalized a deal with the Strategic Sports Group for an immediate investment of $1.5 billion into a new, for-profit entity named PGA Tour Enterprises. The names involved were not new — the likes of Steve Cohen, John Henry, Fenway Sports Group, etc., had been reportedly interested for months — but one major addendum was: an equity program.

Now, about three months after the announcement, PGA Tour players are about to find out what their loyalty has been worth. On Wednesday, Tour members will receive an email notifying them of the current value of award grants this program has earmarked for them, be it tens of millions of dollars, or none at all. The 193 eligible recipients will receive a letter from Tour commissioner Jay Monahan, who is the CEO of PGA Tour Enterprises, explaining the number of equity units they receive and the fair market value of said equity. The Tour intends to keep the list of award recipients confidential.

“It’s really about making sure that our players know the PGA Tour is the best place to compete and showing them how much the Tour appreciates them being loyal,” Jason Gore, the Tour’s chief player officer, said in one of six informational videos the Tour produced for the membership. The videos, which were shared internally with Tour pros and their representatives, were accompanied by infographics, all of which were reviewed by GOLF.com.

In the age of LIV Golf offering mega-millions in contracts to elite golfers, these figures matter, particularly for PGA Tour loyalists who passed on lucrative guaranteed contracts that would be worth more than PGA Tour Enterprises equity could ever offer them.

How much players decide to talk about their individual equity will be up to them, but as you will read below, the total value of each grant differ by player. On the day that specific criteria was announced, it was a hot topic among players.

Which equity group am I in? Wait, which equity group is he in? 

So, how does it work? 

The Tour has announced these equity grants under one specific word: opportunity. Xander Schauffele will not receive a life-size, $50 million check. Players will not see their bank account immediately increase. (In fact, as we’ll explain below, it will take quite some time before that happens.) They will strictly receive a capital interest award for a specific piece of PGA Tour Enterprises. Based on a myriad of factors, players will be ranked via a specific number of “membership units,” akin to stake in a company, the value of which will vest over a specific amount of time. High-performing players will receive a greater stake in PGA Tour Enterprises, which will be home to the Tour’s commercial operations. That’s where SSG’s money is going, which they hope will increase in value of over time. 

How much value are we talking? 

Even if 193 players receive grants, they will not be shared equally. Nick Taylor and Tiger Woods are not going to receive the same cut. The recipients are sectioned into four groups, with Group 1 seeing $750 million in value doled out to 36 players. That’s a little more than 80% of the prize going to just a few dozen pros, which grabbed headlines when it was first reported . In this group will be the kind of players who have rated well in the Player Impact Program, won many tournaments, and won important tournaments — like Signature Events or player-hosted invitationals — with an emphasis on the last five years. 

Why should players own the PGA Tour? This guy knows better than most

A major factor in determining who is in Group 1 and who isn’t was a metric called Career Points, which emphasizes consistency as a Tour member and success throughout a player’s career. Players receive points based on the amount of years they were a PGA Tour member (playing in 15+ events), the amount of times they reached the Tour Championship, their amount of official Tour victories and even extra points for prominent victories (majors, Players Championships, WGCs, FedEx Cup titles, etc.). 

For example, some back-of-the-envelope math tallies up 528 Career Points for Woods, and just 199 for Rory McIlroy. Jordan Spieth and Justin Thomas have both accrued a similar number just shy of 100. All four players are expected to be part of Group 1 and will all receive significant awards, but the difference in Career Points is expected to derive some difference in the value. Bottom line: Woods will receive the greatest grant valuation (potentially by a wide margin) and McIlroy’s will be second.

What if you’re not a premier player? 

The PGA Tour is successful because of those top 36 players, but it is rooted in the existence of many other members who back-fill the fields of the biggest stages in golf, week-in and week-out. An extra $75 million of value will be issued to a total of 64 players considered “steady performers and up-and-comers.” The individual totals of those grants will pale in comparison to the Group 1 grants, and will be based on FedEx Cup points earned over the last three years. Finally, Group 3 members, a total of 57 players, will earn from a pile of $30 million based on tournaments won, career money and number of times finishing in the top 125 of the FedEx Cup. And Group 4 members, who are considered “past legends,” will see 36 players receive their share of $75 million in equity based, again, on Career Points. 

Recipients must be ELIGIBLE

This rules out LIV golfers from earning any of the initial grants, despite some of them helping build the Tour into what it is today. In an alternate universe, Phil Mickelson would have earned the second-highest award grant (behind only Woods), but he will receive nothing because he is not eligible. He is a lifetime member of the PGA Tour but has incurred hefty suspensions from his involvement with LIV Golf. (It is worth wondering: Does this injection of investment and new, for-profit company exist without Mickelson’s help forming LIV Golf? Probably not.)

Even in a world where the PGA Tour comes to an agreement with the Saudi PIF on further investment, this chunk of value will be earmarked for the 193 players who built the popularity of the Tour and continue deriving future value for it, all while remaining loyal. Does it include space for a grant for players like Chesson Hadley, who last June stated he would like to be rewarded for his decision to stay loyal? Hadley has won zero times in the last decade, so he would be hoping for one of the 57 Group 3 grants, which isn’t necessarily likely.

Another important point of eligibility is that recipients must be living. Thirty-six players will receive “Past legends” grants, which cannot be awarded posthumously. Jack Nicklaus is bound to receive a grant. Arnold Palmer cannot.

Players must WORK to receive their grant value

It’s going to be a long time before any Tour players receive the monetary value from these equity grants. The initial grants will vest on an eight-year timeline with multiple checkpoints: 50% of the grant value will vest after four years, with an extra 25% vesting after six years and the final 25% vesting after eight years, but only if players follow the rules. In a world where the PGA Tour and the Saudi PIF do not come to an agreement, Tour players who would leave for LIV (or other unauthorized events) will forfeit any unvested equity.

For the equity to vest, players must “provide services” each year of the vesting schedule. For most, those services are simple: just play PGA Tour events. Fully-exempt players who play 15 or more Tour events annually will meet that year’s requirement. Competing on the Korn Ferry and Champions tours also suffices, with DP World Tour events being approved on a case-by-case basis. In other words, if a fully-healthy McIlroy plays 14 Tour events and the BMW PGA Championship (a marquee event on the DP World Tour), he would need an approval for that final event to count as one of his 15. (It probably would.) 

But what if, say, McIlroy strains an oblique before reaching his 15-event threshold in 2027? He (and players in similar situations battling injuries or lacking Tour status or being over the age of 60) could make up for an under-15-event total by performing a Service Event. Things such as meeting with Tour sponsors or filming a documentary with the Tour, all of which are approved by the Tour. (There is some slight wiggle room in these requirements, where a player could make up for falling just short one year by doing more in the following year.) Even if the nuts and bolts of this program can be complex, the Tour has tried to make it simple: play your golf, and your equity will vest. If life changes and circumstances arise, there are other ways to meet requirements.

Players cannot cash out for years (and they will be taxed)

Players can sell their equity only when it is vested, but they will also be taxed on those vesting dates.

Lance Stover, senior vice president of New Ventures at the Tour, explained a bit of the dollars and cents on the final educational video: “As with all forms of compensation … at each vesting milestone [years 4, 6 and 8 after the initial grants], players will be responsible for paying federal and state income taxes at ordinary income tax rates on the fair market value of the vested awards at the time of vesting.” So players will begin to be taxed on the value of their equity four years from now.

Importantly, the implication — of both the investment from SSG and from equity dished to players — is that PGA Tour Enterprises will continue to increase in value as the Tour moves forward. Almost all major sports leagues and franchises have seen their valuations skyrocket in recent years, and there’s little reason to suggest the PGA Tour would experience anything different, even if TV ratings have dipped in the first part of 2024.

The initial SSG investment valued the PGA Tour at $12.3 billion, and there is clearly still room for future investment from the Saudi PIF . The Tour’s television rights deal runs through 2030, but negotiations for the next deal will begin in just a few years. All of these things can impact the valuation of PGA Tour Enterprises at the point at which player equity would vest.

But wait! There’s more equity

Keen observers will note that these initial grants are devoted only to those who have made the Tour the best place for pros to compete in the world. But what about those who will continue making it the best place for competitive golf? More grants are on the way.

Beginning in 2025, each PGA Tour season will see additional grants awarded to the top performers on Tour — $100 million in grant value will be issued to roughly 20 players each year, based on Career Points (explained above) and Player Impact Program results that year. So someone like, say, Ludvig Aberg , who didn’t play on the PGA Tour during many of the years that formed this initial grant offering, will likely fare well with good performances in the years to come.

The OTHER big idea here 

The PGA Tour wants players to be rewarded for their loyalty, to maintain that loyalty, but also to begin thinking like an owner. Like player-owners, who are focused on the Tour with the actions they make and the words they say. The Tour wants all its constituents rowing in the same direction, and they figure this program should help inspire that shared mindset.

“Owners are motivated to think beyond their personal performance week-to-week and year-to-year,” Gore said in one of the videos. “They have a broader perspective of how their actions can impact the long term health and performance of the Tour in a positive way. One that meets the needs of our fans at every turn. It’s no longer a what’s in it for me as much as it should be what’s in it for the growth of the Tour, which of course could bring more equity value to the players in the long run. It’s a virtuous cycle if we can get it right.” 

Latest In News

2024 zurich classic thursday tv coverage: how to watch round 1, greg norman says liv is 'open-minded' to 1 major change, he became an augusta national meme. here's what that was like, lpga players to receive techy perk with new nikon partnership.

Zak is a writer at GOLF Magazine and just finished a book about the summer he spent in St. Andrews .

• Author Twitter Account
• Author Instagram Account

Related Articles

2024 zurich classic thursday tee times: round 1 groupings, rory mcilroy to make unexpected return to pga tour policy board: report, 2024 zurich classic of new orleans odds: our long-shot pick for this week's team event, 2024 zurich classic of new orleans: how to watch, tv coverage, streaming info, tee times, 'daddy, did you make the cut': pro answers his kids' tough questions with 8th pga tour win, 2024 rbc heritage monday finish tv coverage: when it starts, how to watch, 2024 rbc heritage saturday tee times: round 3 pairings, 2024 rbc heritage friday tv coverage: how to watch round 2.

Frankie Capan III opens in 58, Miles Russell shoots 68 at Veritex Bank Championship

Daily Wrap Up

Miles Russell carded a 68 in his second-ever Korn Ferry Tour start Thursday at the Veritex Bank Championship. (Sam Hodde/Getty Images)

Change Text Size

Miles Russell, 15, has played five rounds on the Korn Ferry Tour. He has shot under par in each one.

Russell opened the Veritex Bank Championship in 3-under 68, playing his first 17 holes bogey-free before a three-putt bogey at the par-5 18th hole Thursday at Texas Rangers Golf Club. Remarkably, he’s still outside the projected cut line; 79 players stand 4 under or better after the opening round, with the top 65 and ties making the 36-hole cut in the Dallas-Fort Worth metroplex.

Russell, the reigning AJGA Boys Junior Player of the Year, earned his spot at the Veritex Bank Championship with a T20 at last week’s LECOM Suncoast Classic, into which the left-handed Floridian received a sponsor exemption. He validated that spot and then some with four rounds under par – 66, 68, 70, 66 – to become the youngest player to record a top-25 finish on the PGA TOUR or Korn Ferry Tour, on record (since 1983).

Russell proved Thursday that his game travels well. After opening with eight straight pars in his afternoon round, he caught fire with birdies on Nos. 9, 11, 12 and 16. Although the day ended with a disappointing three-putt bogey from 25 feet at the finishing hole, missing a 4-footer for par, he’s well within striking distance of the cut line into Friday’s second round.

Russell will begin Friday 10 strokes back of leader Frankie Capan III, who shot a course-record, 13-under 58 in the opening round, matching the second-lowest score in Korn Ferry Tour history.

Here’s more from Thursday’s opening round at the Veritex Bank Championship:

Leaderboard

Things to know.

• Frankie Capan III cards 13-under 58 to tie the Korn Ferry Tour record for lowest 18-hole score relative to par, in addition to tying the second-lowest 18-hole score in Korn Ferry Tour history
• Capan makes 11 birdies – including seven in a row on his back nine – and one eagle, tying the second-most birdies and eagles in an 18-hole round (12) in Korn Ferry Tour history
• Trent Phillips cards career-low round of 10-under 61, sits three strokes off the lead in solo second
• Tim Widing , who won last week’s LECOM Suncoast Classic, opens in 9-under 62 and ties his career-low round

Charting the leader

Frankie Capan III (1st/-13)

• Cards 13-under 58 to tie the Korn Ferry Tour record for lowest 18-hole score relative to par, in addition to tying the second-lowest 18-hole score in Korn Ferry Tour history

Lowest 18-hole score relative to par in Korn Ferry Tour history

Lowest 18-hole score in Korn Ferry Tour history

• April 21, 2023 – Mac Meissner / 12-under 59 / LECOM Suncoast Classic / Round 2
• June 8, 2023 – Michael Feagles / 12-under 59 / BMW Charity Pro-Am / Round 1
• August 27, 2023 – David Kocher / 12-under 59 / Albertsons Boise Open / Round 4
• February 8, 2024 – Cristobal Del Solar / 13-under 57 / Astara Golf Championship / Round 1
• February 9, 2024 – Aldrich Potgieter / 11-under 59 / Astara Golf Championship / Round 2
• April 25, 2024 – Frankie Capan III / 13-under 58 / Veritex Bank Championship / Round 1
• Sam Saunders holds record for most birdies and eagles in an 18-hole round in Tour history (13 birdies/2017 Korn Ferry Tour Championship presented by United Leasing & Finance/12-under 59/Round1
• Ties the second-lowest birdie-eagle streak relative to par in Korn Ferry Tour history with 9-under par stretch from Nos. 9-16 (Eagle-Birdie-Birdie-Birdie-Birdie-Birdie-Birdie-Birdie)

Lowest birdie-eagle streak relative to par in Korn Ferry Tour history

• Holds first career 18-hole lead/co-lead in what is his 31st career start on the Korn Ferry Tour; his previous career-high 18-hole position was T2/2023 Nationwide Children’s Hospital Championship/finished T11
• Previous career-low round in PGA TOUR-sanctioned play was 9-under 62/2023 Memorial Health Championship/Round 2
• Finished T30 at 2023 Veritex Bank Championship, his only previous appearance at the event
• Finished No. 51 on the 2023 Korn Ferry Tour Points List as a rookie last season, earning fully exempt status for the 2024 season
• Finished T8 at Final Stage of 2022 Korn Ferry Tour Qualifying Tournament (now PGA TOUR Q-School presented by Korn Ferry); he was one of eight players who advanced through each stage of Q-School, beginning with pre-qualifying, in 2022
• Played two seasons at the University of Alabama (2018-20) and two seasons at Florida Gulf Coast University (2020-22), earning one victory and garnering All-Atlantic Sun Conference Second Team honors in 2021 and 2022 while at Florida Gulf Coast
• Won back-to-back individual state titles at the Arizona Interscholastic Association Division III Championships in 2017 and 2018, winning the latter by 10 strokes off the strength of a second-round 11-under 59 on the Sonoran Desert Course at Omni Tucson National Resort

Frankie Capan III on when a sub-60 round first entered his mind… “I'd say going to the back nine. When I turned at 6 (under par)… the front nine's playing at shorter than the back nine, so you might have a few more birdie opportunities. At the same time, I'm really just still trying to hit every shot, just stay really patient and present out there to where… it was on the radar, but I wasn't really focused too much on it. I actually forgot it was par 71. I thought it was par 72, so when I got to 13 I knew that, OK, there's 59. I shot 59 before, so I thought, you know, may as well break that. I didn't know it was par 71, but was really just trying to birdie No. 17, No. 18, but unfortunately didn't get either one. Yeah, made like an eight foot slider on 18 to shoot 58. It was pretty cool.”

Capan on his focus during the round… “I knew where I was at the whole time out there. I thought it was cool, it was fun, but at the same time like you're hitting those shots. I think that's the part I fell in love with the most is just enjoying being out there, hitting great golf shots. That to me is where I get the most joy. So instead of thinking about a number or anything like that, I just want to keep hitting great shots. Obviously going lower is a result of just staying present and hitting those great shots.”

Capan on what stuck out about his round… “I think the funny thing is I look back on my round and I actually didn't capitalize on a lot of the easy holes. Like No. 1, short par 4, didn't birdie. No. 7, really short par 4, didn't birdie. I just was always in the proper spot. I would say the best shot I hit all day, I had a 7 iron into No. 9, par 5, and hit it to like four feet. That was probably the best shot I hit, because I was in between clubs and the wind was kind of swirling off the left, so (I) was able to kind of flight a 7 iron in and stuff it in there and made eagle. It gave us a nice boost going to the back nine.

Additional Player Notes

• Phillips is the first player with three eagles in the same round on Tour since Yuxin Lin/2023 Price Cutter Charity Championship/Round 1
• Tim Widing (3rd/-9), who won last week’s LECOM Suncoast Classic, posts bogey-free 9-under 62 to tie his career-low round (9-under 62/2023 Utah Championship/Round 1)
• Hunter Eichhorn (T9/-7) leads the eight open qualifiers; his only previous PGA TOUR-sanctioned start was at the 2023 Veritex Bank Championship (finished T60) as an open qualifier
• Reigning champion Spencer Levin (T50/-4) opens title defense bid with four birdies, one eagle, and two bogeys en route to 4-under 67
• Arlington, Texas native, University of Texas-Arlington alum and conditional member Caleb Hicks (T80/-3), competing as a sponsor exemption, is seeking his first made cut in what is his second career Korn Ferry Tour start (MC/2024 Astara Chile Classic)
• Stout, a freshman at Oklahoma State University who earned co-medalist honors Wednesday at the 2024 Big 12 Conference Championship, countered two bogeys with six birdies in the first round of what is his first PGA TOUR-sanctioned start
• Russell, age 15, who became the youngest player to make a cut in Korn Ferry Tour event at last week’s LECOM Suncoast Classic, parred his first eight holes, made four birdies and bogeyed the par-5 18th en route to a 3-under 68; he finished T20 at last week’s LECOM Suncoast Classic and became the youngest player on record (i.e. – since 1983) to record a top-25 on either the Korn Ferry Tour or PGA TOUR