PGA Tour extends FedEx Cup deal

"It makes that last part of the season after the major championships so important and so exciting", said McIlroy, who also took home a $10 million bonus with the FedEx Cup crown.

View of the FedEx Cup trophy and the Tour Championship trophy during the final round of the Tour Championship at East Lake Golf Club.

Tiger Woods won the first edition of the FedEx Cup and remains the only two-time victor.

Monahan said the tournament generated $8.5 million for charities past year.

Terms of the new deal were not disclosed Tuesday, though PGA Tour Commissioner Jay Monahan said he expects the payout to "increase significantly" from its $35 million bonus pool and $10 million prize for the victor. Along with continuity of the season-long competition, it gives the tour flexibility as it explores reshaping its season.

The company has sponsored the four event play-off since 2007 which has seen a dramatic climax to the season as the Tours' top players battle it out for a winners cheque of $10 million.

Officials at the PGA Tour, in conjunction with the PGA of America, are considering switching what is now the last of the four majors to a date in late spring, positioning it after the Masters but before the US Open and the Open Championship. "As we went through this process, we've identified a number of ways for us to continue to enhance the magnitude and outcome of the FedEx Cup, and. that's complicated". Discussions between the parties have been ongoing for some time; Monahan late Monday afternoon called the extension "critical" for the Tour in terms of having a stabilized foundation as it moves into the future. Monahan referenced some potential scheduling changes, but FedEx is on regardless of whether the playoffs are moved up to end before Labor Day or left where they are right now.

The extension through 2027 goes well beyond the tour's television contracts with NBC, CBS and Golf Channel, which expire in 2021.

"It's a very exciting time for the future of the PGA Tour based on these players who are performing every week right now, especially when you consider the worldwide representation that's there, and that's really helping to transform the popularity on a global scale of the game".

  • Carolyn Briggs