Impact of the 2022 PGA Tour Elevation Changes on Purses, Player Participation, and Earnings
DOI:
https://doi.org/10.47611/jsrhs.v12i4.5874Keywords:
Economics, Sports, GolfAbstract
A whirlwind of changes forever altered the course of golf. In 2021, LIV Golf decided to start a golf tour to compete with the established PGA Tour. In response, the PGA tour altered its structure by elevating certain tournaments, increasing purse sizes, and limiting player entry. In this paper, I examine the impact of this change on tournament purses, player entry decisions, and seasonal earnings. I found that the effects of the change were heterogeneous. Highly ranked players entered more elevated tournaments and earned much larger seasonal earnings. Meanwhile, lower-ranked players were not able to enter these tournaments, but they still had an increase in seasonal earnings by playing in non-elevated tournaments.
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PGATOUR.com. (2018). PGATOUR.COM - Official Home of Golf and the FedExCup. PGATour. https://www.pgatour.com
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Copyright (c) 2023 Henry Hoak; Patryk Perkowski
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