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Originally Posted by nfotiu
Trillion? Wouldn't functional expenses include purses and cost to run tournaments?
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Oops typoed Billion to Trillion haha
It would include
But the revenue number is 1.5 billion.
Next year they will pay out a record $428 million in purses. And this number was influenced to increase heavily from LIV
https://www.sportspromedia.com/news/...offs-liv-golf/
Without knowing that revenue for next year, if there was no increase that would be 23% of revenue paid to players. So let's argue 20% for easy math
NHL revenue share is 50/50 by comparison
Now without open books it hard to know exactly what the real share for PGA players is, but it sure looks like that are getting the short end of the stick.
The PGA claims it is in line
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And those deals are worth a ton. In March 2020 the tour finalized a new nine-year media rights agreement with CBS Sports, NBC Sports and ESPN that went into effect in 2022 that will pay the tour $7 billion over this span. Mickelson, in a September podcast with Gary Williams, complained that only 26 percent of this revenue was being funneled back to the players. In truth, according to a memo from PGA Tour Commissioner Jay Monahan to players last November, 55 percent of revenue is going back to the players in prize money, bonus programs and other benefits. This 55 percent is in line with what NBA and NFL players receive from their respective leagues (MLB is currently in a labor dispute).
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but lots of players think they are lieing and sitting on piles of cash.
That's the biggest issue - Players don't trust the PGA tour, and why would they. The second they come under 'attack' from a competitor they start finding millions for the players.