July 15, 2024
Read in Browser [[link removed]]
POWERED BY
The final men’s golf major championship of the year is teeing off this week, but the sport remains in flux. … The best professional players are getting younger each year. … Troon, Scotland, is preparing for a huge influx of golf fans. … The most recent major winner is giving LIV Golf a boost. … And Front Office Sports Today talks with Formula E CEO Jeff Dodds ahead of the final race of the season.
— David Rumsey [[link removed]]
As Another Men’s Golf Major Season Wraps, Still No PGA Tour–LIV Deal
Ross Parker-R&A
The world’s best golfers are descending upon Royal Troon Golf Club on the west coast of Scotland this week for the Open Championship, which comes at a pivotal time for the professional sport.
When the tournament tees off Thursday morning, it will be the 10th men’s major championship since the launch of LIV Golf in June 2022. PGA Tour players have won seven of the nine so far, with Brooks Koepka (’23 PGA Championship) and most recently Bryson DeChambeau (’24 U.S. Open) as the only LIV members to claim a major title. But the real leaderboard watch is off the course, where negotiations continue between the PGA Tour and LIV’s financial backers at the Public Investment Fund of Saudi Arabia.
Time Management
Although Tiger Woods has made the cut at only one major so far this year, the Masters, he has yet to withdraw—something he did twice in the last two years. And as the 15-time major champion chases one more magical week on the golf course, he’s staying busy off it.
Woods is helping lead those PIF negotiations as a member of both the PGA Tour policy board and the board of the newly founded for-profit entity PGA Tour Enterprises. Those duties are so time consuming, in fact, that Woods had to turn down [[link removed]] an offer to captain the 2025 U.S. Ryder Cup team when the event comes back to home soil at Bethpage Black in New York.
At the U.S. Open, Woods said [[link removed]] that the PGA Tour and PIF were exploring ways they could reach an “endgame.” He’s set to address the media at the Open on Tuesday, when he’ll likely be asked about the Ryder Cup decision and any new developments in talks with the PIF.
Not Just the PGA Tour
Last July, just weeks after the original bombshell PGA Tour–PIF framework agreement was announced, the organizers of the Open Championship made headlines for their own interest in potential Saudi investment. “If I’m very open, we are and do and continue to talk to various potential sponsors,” R&A CEO Martin Slumbers said [[link removed]] when asked about taking money from the PIF on the eve of the 2023 tournament.
PIF governor Yasir Al-Rumayyan met [[link removed]] with Slumbers during the final round of that Open Championship, and the two would later make a public appearance together [[link removed]], playing in the same group at the Alfred Dunhill Links Championship in October.
Slumbers, 64, is stepping down as CEO of the R&A in November, when he’ll be succeeded by Mark Darbon, who is leaving his post as CEO of English Premiership Rugby side Northampton Saints. The club was one of several linked to Saudi funding earlier this year when the PIF was exploring making seven-figure investments in rugby, according to The Telegraph [[link removed]]. The Saints eventually said no contact with the PIF had taken place, and there have been no further developments since.
Should the PIF advance discussions with the R&A after a potential PGA Tour deal gets done, new funding could help grow prize money at both the Open Championship and AIG Women’s Open. This year’s purses have not been revealed yet. But last year, the Open offered $16.5 million, the smallest of the four men’s majors. The Women’s Open was third out of five women’s majors with $9 million.
NIL Has Made Many Golfers De Facto Pros Before They Leave College
Katie Goodale-USA TODAY Sports
In professional golf, top players earn millions of dollars through contracts with companies that supply their clubs and clothes. Up until 2021, those sponsorship dollars would start hitting a golfer’s bank account only after they gave up their amateur status. But since the emergence of relaxed name, image, and likeness policies in college sports, that process has sped up.
Instead of recruiting top amateurs after they’ve proved themselves playing for a major university, brands now have the option of betting on young talent before they become household names. There are pros and cons to that strategy, though.
“It’s hard enough, when they’re professionals, to really measure the ROI on some of these agreements,” says Jeff Lienhart, the president of Adidas Golf, which heading into last week’s Scottish Open sponsored three of the top 10 ranked men’s golfers in the world. “We believe in the system and we believe in having these partnerships with professional athletes. NIL is even that much more difficult to measure an ROI.”
Still, visibility is key for brands looking to sell shirts, shoes, pants, and more. So, striking an early relationship with a player who might one day be in the final group of a major, like this week’s Open Championship, is worth the investment. “It gives you a seat at the table, so that when they turn professional, you’re in a good position to negotiate what the future might hold,” Lienhart tells Front Office Sports.
Players Have Options
While NIL deals are great for college golfers’ wallets, they can make for some tricky situations.
Michael Thorbjornsen earned his PGA Tour card by finishing first in the PGA Tour University rankings during his senior season at Stanford, which is a Nike school. But Thorbjornsen opted for an NIL deal with Adidas. “It was cool to be able to see what the other product looks like and what it feels like,” he tells FOS. “Obviously, it took a little bit of time to get used to it.”
Wearing dueling brands during his college years didn’t have much of an impact on his decision upon turning pro last month, though. “I guess you could say Nike was there, but it never really was,” Thorbjornsen says. “They weren’t successful in that. I was kind of always stuck with Adidas.” Thorbjornsen followed in the footsteps of fellow PGA Tour University winner Ludvig Åberg (above), who also had an Adidas deal in college and now as a pro, currently ranked No. 4 in the world.
The New-Age Golfer
Apparel endorsements are just one piece of the puzzle for young golfers, though. Equipment manufacturers routinely shell out seven-figure paydays for players to swing their clubs, and all kinds of companies from banks and credit cards to insurance providers and airlines are willing to spend the same amount for nothing more than a logo on a shirt or golf bag.
Now, that all comes before they even join a tour. “Nothing really feels that different,” Thorbjornsen says of his transition from college to pro player. He’s not alone. For most up-and-coming pros, that’s simply the new reality.
SPONSORED BY U.S. BANK
Bank Smarter. Live Bigger.
When we work together, we unlock new levels of potential. At U.S. Bank [[link removed]], that means harnessing our resources and your aspirations to create a better, more secure future for everyone.
Whether you’re starting a business or funding an education, U.S. Bank is here by your side, proving day in and day out that there’s nothing as powerful as the power of us [[link removed]].
FRONT OFFICE SPORTS TODAY Can Formula E Electrify Fans?
Lydia Ely-USA TODAY Sports
The final race of Formula E’s 10th season is this weekend, as the series works to draft off of Formula 1’s progress and the growing market for electric cars. Formula E CEO Jeff Dodds joins the show to discuss the series’ plans for growth.
🎧Watch, listen, and subscribe on Apple [[link removed]], Google [[link removed]], Spotify [[link removed]], and YouTube [[link removed]].
LOUD AND CLEAR Back on Top
Nicole Hester / The Tennessean / USA TODAY NETWORK
“He was the biggest show in golf before going to LIV.”
—NBC Sports golf announcer Dan Hicks, on the reemergence of Bryson DeChambeau (above) since winning the U.S. Open. Hicks, speaking on a preview call for the Open Championship, said DeChambeau’s move to LIV took him “out of the mainstream for a while,” but that the golfer is one of the biggest storylines this week and in golf moving forward. “He’s very close to kind of establishing himself as the guy again,” Hicks said.
ONE BIG FIG Small Town, Big Expectations
Marine & Lawn hotel
15,000
Population of Troon, Scotland, the city that is hosting the Open Championship, which is expected to draw roughly 250,000 attendees this week. Hotels like the Marine & Lawn (above), which is adjacent to the course on which golfers will compete for the Claret Jug, have been completely sold out for months.
With no on-site parking for the general public, fans can buy spots at nearby park-and-ride stations that have shuttle service, or take a bus or train in from Glasgow, which is a little more than 30 miles north. Royal Troon Golf Club is holding its 10th Open Championship, and first since 2016 when Henrik Stenson defeated Phil Mickelson in a weekend duel [[link removed]] for the ages. Other notable previous winners at Troon include Tom Watson (’82), Tom Weiskopf (’73), and Arnold Palmer (’62).
SPONSORED BY U.S. BANK
Let’s Make It Happen, Together
U.S. Bank has been making greatness happen since 1863. But not alone. We know above all else that there’s nothing we can’t do together. From buying a home to kick-starting a career, U.S. Bank [[link removed]] is there to support you every step of the way.
We’re dedicated to powering your financial future and, as a result, our collective future. We’ve been doing it since the beginning and are committed to continuing this legacy, and yours.
That’s the power of us [[link removed]].
Conversation Starters Beach volleyball at the Paris Olympics will be played beside the Eiffel Tower. Take a look [[link removed]]. LeBron James is approaching $600 million in career earnings. Check out [[link removed]] his season-by-season salaries in the NBA. Colorado State head coach Jay Norvell said the school’s quarterback, Brayden Fowler-Nicolosi, was offered a $600,000 name, image, and likeness deal by Kansas State. Listen here [[link removed]]. Editors’ Picks MLB’s Continued Push to Make Young Stars, and the Draft, Matter [[link removed]]by Eric Fisher [[link removed]]Several league initiatives have led to greater fan familiarity with top prospects. The NFL Is Confident It Can Overturn the Sunday Ticket Verdict [[link removed]]by Daniel Kaplan [[link removed]]The league may have good reason to believe it can win. Without Hard-Line Bans, Pro Athletes and Personnel Will Keep Betting on Sports [[link removed]]by Michael McCarthy [[link removed]]Penalties often aren’t stringent or consistent enough to deter banned behavior. Question of the Day
Do you think the PGA Tour and PIF will agree to a new deal by the end of the year?
YES [[link removed]] NO [[link removed]]
Friday’s result: 64% of respondents think the Commanders should change their name again.
Advertise [[link removed]] Awards [[link removed]] Learning [[link removed]] Video [[link removed]] Podcast [[link removed]] Sports Careers [[link removed]] Written by David Rumsey [[link removed]] Edited by Peter Richman [[link removed]], Catherine Chen [[link removed]]
If this email was forwarded to you, you can subscribe here [[link removed]].
Update your preferences [link removed] / Unsubscribe [link removed]
Copyright © 2021 Front Office Sports. All rights reserved.
460 Park Avenue South, 7th Floor, New York NY, 10016