FedEx inks 10-year extension with PGA Tour

It’s two biggest marquee events may move to new dates but other than that it’s all smooth sailing with FedEx, who have signed on for 10 more years as one of the major sponsors of the multi-million dollar US PGA Tour.

The Tour’s season-long points race has been an unparalleled success for the Tour and ensures they are probably quite happy to look at a few changes and improvements to keep one of their longest-running sponsorships in place.

FedEx Cup FedEx inks 10-year extension with PGA Tour

Amd you won’t get any complaints from the players – especially those who have benefitted the most from the bonus pool of $US35m and the $10m that goes to the FedEx Cup champion player at the end of the season.

Certainly the new PGA Tour commissioner Jay Monahan has not ruled out moving the Tournament Players Championship back to March or even a possible move for the fourth and last major of the year, the US PGA, which might end up being played in May.

“There’s still some other moving parts that we need to get to before we’ll be able to announce any additional changes, but as we go forward, we expect the cup and the payout to increase significantly,” said Monahan.

The current deal with FedEx, which also is the title sponsor of the Tour’s event in Memphis, ran through this season.

Suggestions are that the “other moving parts” Monahan refers to could include a comprehensive schedule makeover that would include the FedEx Cup Playoffs ending on Labor Day, moving The Players back to March and possibly switching the PGA Championship to a May date.

The new agreement assures continuity of the cup for at least 21 years, which is one of the longest-running endorsement partnerships in sports.

“Having one of the best companies on this planet make this commitment to our Tour puts us in a position where we’re going to grow in many ways,” said Monahan.

“And it’s not just the cup but the impact of our business model and all the communities where we play where we’ll be able to do some things in the future we think are going to allow us to continue to elevate not just the Tour but the game.”