![](https://cdn.mos.cms.futurecdn.net/nF7BFdBUmDfDz4zEWJbT2g.jpg)
The PGA Tour has confirmed details as to how it will divvy up an initial $930million in equity to players for the new for-profit PGA Tour Enterprises, with the top 36 players set to share in $750m of the grants.
Last week the Tour confirmed a deal with Strategic Sports Group (SSG), a consortium of American sports team owners that will pump $3bn into PGA Tour Enterprises - the new, for-profit wing of the Tour - now set to be valued at around $12bn.
Around $1.5bn of that initial funding was to set up a player equity program in part to allow players to own a piece of the Tour but also as a way of rewarding those players who turned down eyewatering fees to join the Saudi-backed LIV Golf.
Now, in a memo released to players on Wednesday, the Tour and commissioner Jay Monahan have begun to outline how an initial $930m in equity will be distributed, with players - current and past - divided into four distinct categories.
The lion's share of the grants - around $750m - will be given to the game's top 36 players based on “career performance, last five-year performance and Player Impact Programme results”.
Players such as Tiger Woods and Rory McIlroy are expected to be compensated heavily as part of this top-heavy approach which may cause some consternation from rank-and-file members who had previously complained about the fairness of the Player Impact Programme results, otherwise known as the PIP.
The second category is worth $75m and will be distributed to the next-best 64 players based on their performance over the last three years. $30m will then be granted to 57 additional players who “have earned certain fully-exempt PGA Tour status".
The final category looks set to focus on former players and greats of the game, with $75m granted to 36 players who were “instrumental in building the modern PGA Tour based on career performance".
![](https://cdn.mos.cms.futurecdn.net/k2QmME9zqXnX5diRJDSNek.jpg)
Players are only able to qualify via one category for this initial grant, with the Tour hoping to roll out the equity programme in mid-March.
A further $600m from SSG's initial $1.5bn investment has been set aside for now but will go towards recurring player equity grants, a move to ensure future stars of the game are also financially compensated.
The memo suggested that such grants will be awarded in $100m totals starting in 2025 and going through to 2030. Such future grants will be based on "three-year performance, last year performance and Player Impact Program results".