Korn Ferry Tour plans for $1 million purses in every occasion by begin of 2023 season
Larger paydays are coming to the Korn Ferry Tour.
The developmental circuit introduced Tuesday that it’s going to considerably improve purses over the subsequent two seasons, with every event that includes a complete prize cash of at the very least $1 million starting with the 2023 season.
The purse will increase had been permitted by the Coverage Board in March 2020, to be carried out for the next season, however had been delayed due to the prices related to coping with the COVID-19 pandemic.
Starting subsequent 12 months, the minimal purse for a regular-season Korn Ferry Tour occasion might be $750,000, a year-over-year improve of $150,000. The purses will leap up one other $250,000 the next 12 months, to $1 million – a 66.7% improve over two years.
The tour’s premier occasions will obtain a good bigger bump.
The Korn Ferry Tour’s regular-season finale, referred to as the Pinnacle Financial institution Championship, will characteristic a $850,000 purse in 2022 and a $1.25 million purse in 2023. This 12 months, the season ender – the occasion that awards 25 PGA Tour playing cards for the highest season-long factors earners – will dole out $750,000 in prize cash.
The Korn Ferry Tour Finals, the three-tournament collection that fingers out one other 25 Tour playing cards, will improve the purses from $1 million every to $1.5 million.
“The Korn Ferry Tour continues to play an enormous position in delivering a pipeline of future stars to the PGA Tour on a constant foundation,” mentioned tour president Alex Baldwin. “At the moment’s announcement is one other step in making certain the Tour will proceed to draw the perfect younger expertise whereas offering higher-quality enjoying alternatives for your complete membership.”
Based in 1990, the circuit now often known as the Korn Ferry Tour initially had a complete prize cash of $three million throughout 30 occasions. Due to the pandemic, this season’s schedule combines two years (2020-21) and affords complete regular-season event prize cash within the $600,000-$700,000 vary, with most winner’s checks round $110,000.
The tour’s present cash chief is Stephan Jaeger, who has received twice and earned $464,632 throughout 25 occasions. That may rank 138th on the PGA Tour’s cash listing this season. Solely 11 gamers up to now have banked greater than $300,000 throughout the Korn Ferry Tour’s super-season.