One of the amazing perks of the PGATOUR....

[Titleist99]

One of the amazing perks of the PGATOur is the ......Life time exempt. Currently there are a few players with that status...Vijay Singh, Davis Love, Tiger Woods, Phil Mickelson and eventually Dustin Johnson. Should that perk be abolished,  expanded or left as it is? The only criteria is (20 wins and 15 years of service). 

Just so you know I think that this group should be able to play where they want and when they want....they've earned it. Presently they can't play any tournament they want.....

[gvogel]

There should be an expiration date - like when they turn 60.

[caniac6]

3 hours ago, Titleist99 said:

One of the amazing perks of the PGATOur is the ......Life time exempt. Currently there are a few players with that status...Vijay Singh, Davis Love, Tiger Woods, Phil Mickelson and eventually Dustin Johnson. Should that perk be abolished,  expanded or left as it is? The only criteria is (20 wins and 15 years of service). 

Just so you know I think that this group should be able to play where they want and when they want....they've earned it. Presently they can't play any tournament they want.....

Yup. This is not a gift. This perk is earned over a long period of time. 

Edited August 26, 2020 by caniac6

[cdnglf]

I’d get rid of the minimum years of service requirement, but otherwise see no reason to change it.

 

[bscinstnct]

I don’t think the exemption is for 3 of the Majors.
 

There are 5 active players with 20 wins including DJ. 
 

Then Rory has 18. Then, far as I see, Justin Thomas with 13 seems the only guy really on the radar right now playing well enough and young enough to most likely get there.

 

I think the exemption is well earned at 20 wins.

 

Its getting harder and harder to do it. 

Edited August 26, 2020 by bscinstnct

[cdnglf]

3 minutes ago, bscinstnct said:

I don’t think the exemption is for 3 of the Majors.
 

There are 5 active players with 20 wins including DJ. 
 

Then Rory has 18. Then, far as I see, Justin Thomas with 13 seems the only guy really on the radar right now playing well enough and young enough to most likely get there.

 

I think the exemption is well earned at 20 wins.

 

Its getting harder and harder to do 

 

Going from memory, but I think it doesn’t apply to the majors, Players, Playoffs, WGCs, and Tournament of Champions. Not sure about the invitationals like Memorial.

 

Ernie is stuck on 19. Admittedly unlikely, but out of the blue 50+ winners have happened before.

[MUNIGRIT]

The pension is top notch. That's what is was thinking the thread would be about.

[bladehunter]

Yep. The pension.  Journeymen retire as Kings  of their neighborhood. 

[m d g]

"One of the amazing perks of the PGATOUR...."

 

The hot groupies?

 

[Titleist99]

2 hours ago, bscinstnct said:

I don’t think the exemption is for 3 of the Majors.
 

There are 5 active players with 20 wins including DJ. 
 

Then Rory has 18. Then, far as I see, Justin Thomas with 13 seems the only guy really on the radar right now playing well enough and young enough to most likely get there.

 

I think the exemption is well earned at 20 wins.

 

Its getting harder and harder to do it. 

I like the fact that the tour highlight wins. The fact that it's a small amount of players, makes it even more special.....

[Titleist99]

1 hour ago, MUNIGRIT said:

The pension is top notch. That's what is was thinking the thread would be about.

The pension plan for the PGATOUR is very lucrative, I just wanted to start a thread about perks and hope all would be discussed. Apparently the tour take good care of their own....

[LeoLeo99]

One of the coolest things to me, as a little kid, watching The Masters was seeing the old guys in the tournament.  With their lifetime exemptions, they took full advantage and seemed to really enjoy being there.  

[Naptime]

Keep it.  I don't see guys out there abusing it.  

[MattyO1984]

Great idea and great reward for performance and play over an extended period of time. I don’t see any reason for guys to be cut off from using it. I don’t see or can imagine that anyone would abuse it in the way that some of the old timers did with the Masters invites back in the day (although I don’t blame them for doing that).

Edited August 27, 2020 by MattyO1984

[dalehead]

Since there are only 4, soon 5, players with the lifetime exemption I don’t know that it’s a perk for the entire tour, just a handful of players. Vijay and DLIII are the only non competitive players I see using their exemption and that’s only on a very occasional basis. Don’t see a problem here.

[Titleist99]

I can see Tiger Woods making his farewell tour after retiring from competitive golf at the ripe age of 65, just like Jack Nicklaus did. Waving from the bridges at Augusta National and St. Andrews...... because Woods will be playing as long as he can walk but those two  will have earned it, I'm good with their last glory.  

[Dr. Block]

21 hours ago, bladehunter said:

Yep. The pension.  Journeymen retire as Kings  of their neighborhood. 

 

Can anyone elaborate on this pension? Just curious...

[Titleist99]

9 minutes ago, Dr. Block said:

 

Can anyone elaborate on this pension? Just curious...

I know if the golfer make the cut, money is added to his retirement account. Part of his fedex winnings also go into the retirement account. 

 

[golfandfishing]

It’s fairly far down the priority category list so anyone getting into the field based on lifetime membership is taking an already vacant spot.  Making 150 cuts used to give a player some sort of status as well, veteran player or something like that. Not sure it still exists, and again was way down the priority list underneath the 125+, any KF grads, etc. I know some of the categories were eliminated when Q School got the axe, but I am glad 20 wins still gives a player a lifetime exemption. 

[manku]

Last time I checked, sports were entertainment.  And entertainment is driven by stars.   Anyone who wins 20 tournaments on the tour is a box office draw....yes, they may not have much of a chance to win, but then again neither do most of the players ranked outside the top 100.

 

Why wouldn't you want them playing, if you were a tournament director?  Would you rather have Talor Gooch and Tom Hoge? 

Edited August 27, 2020 by manku

[bladehunter]

1 hour ago, Dr. Block said:

 

Can anyone elaborate on this pension? Just curious...

I have a couple contacts who can tell me exactly , both considered “ journeymen “ who I can tell you aren’t hurting, which is where I heard the rumblings of how great it was for all players.  Even the ones you assume aren’t making much money.  Cursory search shows more than 600 golfers currently with more than $1mil in their pga tour account.  Pretty sure they Match 100% up to a ceiling amount , which means guys who don’t make as much can double up for every dollar they can afford to put in automatically becomes $2.     The tour put around $47 million in itself last year.  
 

here’s a decent explanation - 

 

https://www.investmentnews.com/how-the-pga-jumped-into-a-huge-retirement-pool-10990

Edited August 27, 2020 by bladehunter

[Dr. Block]

9 minutes ago, bladehunter said:

I have a couple contacts who can tell me exactly , both considered “ journeymen “ who I can tell you aren’t hurting, which is where I heard the rumblings of how great it was for all players.  Even the ones you assume aren’t making much money.  Cursory search shows more than 600 golfers currently with more than $1mil in their pga tour account.  Pretty sure they Match 100% up to a ceiling amount , which means guys who don’t make as much can double up for every dollar they can afford to put in automatically becomes $2.     The tour put around $47 million in itself last year.  
 

here’s a decent explanation - 

 

https://www.investmentnews.com/how-the-pga-jumped-into-a-huge-retirement-pool-10990

 

Wow, I had no idea.  What a sweet set up. Sounds like the NFL could learn a thing or two from the PGA Tour.   

[Hawkeye77]

2 hours ago, Titleist99 said:

I can see Tiger Woods making his farewell tour after retiring from competitive golf at the ripe age of 65, just like Jack Nicklaus did. Waving from the bridges at Augusta National and St. Andrews...... because Woods will be playing as long as he can walk but those two  will have earned it, I'm good with their last glory.  

 

He'll retire a lot sooner than age 65, could easily be within the next few years.

[Shilgy]

1 hour ago, bladehunter said:

I have a couple contacts who can tell me exactly , both considered “ journeymen “ who I can tell you aren’t hurting, which is where I heard the rumblings of how great it was for all players.  Even the ones you assume aren’t making much money.  Cursory search shows more than 600 golfers currently with more than $1mil in their pga tour account.  Pretty sure they Match 100% up to a ceiling amount , which means guys who don’t make as much can double up for every dollar they can afford to put in automatically becomes $2.     The tour put around $47 million in itself last year.  
 

here’s a decent explanation - 

 

https://www.investmentnews.com/how-the-pga-jumped-into-a-huge-retirement-pool-10990

I’m sure it was a lot more than $47m last year. “Last year” in the article you linked was 2006. The article is from 2007!
It is a sweet deal but also is deferred compensation. They sacrifice bigger purses today to get more in retirement. And the money is great but to put it in perspective the average NBA salary is $7.7m per year. Very few tour players have made that in a season. 

[TobesSC]

Jason Bohn talked about it briefly on the NLU Podcast recently.  Can't remember exactly what he said off the top of my head but his pension value would be equivalent to what he's made on the course or more.   

[PZero]

On 8/26/2020 at 1:26 PM, bscinstnct said:

I don’t think the exemption is for 3 of the Majors.
 

There are 5 active players with 20 wins including DJ. 
 

Then Rory has 18. Then, far as I see, Justin Thomas with 13 seems the only guy really on the radar right now playing well enough and young enough to most likely get there.

 

I think the exemption is well earned at 20 wins.

 

Its getting harder and harder to do it. 

Yeah, 20 wins that's no duck walk anymore.

[bscinstnct]

1 hour ago, PZero said:

Yeah, 20 wins that's no duck walk anymore.

 

....lemme tell you. Forgeddabout 20 wins; )

 

 

[PZero]

2 minutes ago, bscinstnct said:

 

....lemme tell you. Forgeddabout 20 wins; )

 

 

 I knew you'd pick up on it.

[Eric267]

11 hours ago, Dr. Block said:

 

Can anyone elaborate on this pension? Just curious...

Pretty interesting discussion about it on the NLU podcast a few weeks back

https://podcasts.google.com/feed/aHR0cDovL2ZlZWRzLmZlZWRidXJuZXIuY29tL05MVXBvZGNhc3Rz/episode/NjQ5MWMwMmMtZGMwOS0xMWVhLTgyOGQtMTIzNzZjODg2MDg3?sa=X&ved=0CBMQzsICahcKEwjowqOe77zrAhUAAAAAHQAAAAAQAQ&hl=en

[bladehunter]

15 hours ago, Shilgy said:

I’m sure it was a lot more than $47m last year. “Last year” in the article you linked was 2006. The article is from 2007!
It is a sweet deal but also is deferred compensation. They sacrifice bigger purses today to get more in retirement. And the money is great but to put it in perspective the average NBA salary is $7.7m per year. Very few tour players have made that in a season. 

Got me there. I totally missed that date.  I’m sure it’s $100 mil or more now.    I guess my point is that it’s a setup that seems to make sure all are taken care of. Not purely performance based like NFL pay.  As in you won’t see a guy play 10 years and then have to sell insurance .