LEMONT, Ill. – Commissioner Tim Finchem made it clear Wednesday that PGA Tour purses will not decline next year or in the near future. Rather, he said any increase in prize money would be “relatively flat” for next year.
“But we want to continue to grow (purses),” Finchem said at a BMW Championship news conference here before flying to Pennsylvania for an Arnold Palmer 80th birthday celebration. “Our intention is to slow our growth (for now). The next 10 years we won’t see the increases we’ve had.”
Purse growth is important, he said, because it reflects a vibrant sport, creates interest and helps attract young athletes to golf. “We don’t want to go backwards,” he said.
Finchem said the Tour has reduced costs in the midst of this economic downturn in “25 different areas,” such as travel, meeting attendance and outsourcing. Reduction of workforce is not one of the areas.
“We feel we’re mean and lean on the employee side already,” Finchem said.