Tiger Woods turned down $700 million to $800 million to affix LIV Golf, CEO Greg Norman says

The rumors, it seems, have been true. Tiger Woods was not solely provided a king’s ransom to go away the PGA Tour and be part of LIV Golf, he turned down roughly three-quarters of a billion {dollars} to take action.

LIV Golf CEO Greg Norman confirmed this week on Fox Information that Woods turned down someplace within the neighborhood of $700 million or $800 million to flip the script on the PGA Tour.

“That quantity was on the market earlier than I grew to become CEO,” mentioned Norman. “So, that quantity has been on the market, sure. And look, Tiger is a needle-mover, proper? So, after all you’re going to have a look at the most effective of the most effective. So, that they had initially approached Tiger earlier than I grew to become CEO. So, sure, that [offer was] someplace in that neighborhood.”

Beforehand, Norman had not confirmed a selected quantity, solely saying that the provide to Woods from LIV was within the “excessive 9 digits.”

It was lately introduced that Woods has crossed the edge to turn out to be a billionaire, so he did not essentially want one other $750 million, it is nonetheless an eye-popping quantity to not solely be provided however rejected. It additionally would have multiplied his profession PGA Tour earnings by a wholesome issue.

Woods has made $120.9 million on the PGA Tour. All the opposite cash he is earned has come from off-course endorsements.

It was sensible of LIV to supply Woods this a lot cash, and there is in all probability not a quantity too excessive that it would not have been price it for the league so long as its aim continues to be to finish the PGA Tour and DP World Tour because the preeminent golf tour on the earth. The gamers they want for that to occur — the Justin Thomases, Rory McIlroys, Jordan Spieths and Scottie Schefflers — grew up idolizing Woods. Even when Woods transferring over to LIV did not fully persuade them to make the leap, it could not less than make them assume twice.

Tiger, although, would not sound like he ever put a lot thought into taking the provide. When requested final month at The Open Championship about everybody transferring to LIV, he sounded perplexed by the concept, particularly contemplating LIV gamers at the moment do not get Official World Golf Rankings factors, which could preclude them from enjoying in future main championships.

“The gamers who’ve chosen to go to LIV and … to play there, I disagree with it,” mentioned Woods. “I feel that what they’ve finished is that they’ve turned their again on what has allowed them to get to this place. Some gamers have by no means received an opportunity to even expertise it. They’ve gone proper from the beginner ranks proper into that group and by no means actually received an opportunity to play out right here and what it feels prefer to play a Tour schedule or to play in some large occasions.

“And who is aware of what is going on to occur within the close to future with world rating factors, the factors for coming into main championships. The governing physique goes to should determine that out. A few of these gamers could not ever get an opportunity to play in main championships. That may be a chance. We do not know that for certain but. It is as much as all the foremost championship our bodies to make that willpower. However that could be a chance that some gamers won’t ever, ever get an opportunity to play in a serious championship, by no means get an opportunity to expertise this proper right here, stroll down the fairways at Augusta Nationwide.

“That, to me, I simply do not perceive it.”

The irony right here is that Woods not wants OWGR factors himself to play main championships. As a winner of all 4 majors, the 46-year-old is exempt from The Open and the PGA Championship till he is 60, and he is exempt from the Masters for all times. His US Open exemption runs for an additional 12 months, and he’ll nearly actually obtain extra exemptions from the USGA after that.

“However what are these gamers doing for assured cash, what’s the incentive to follow?” Woods mentioned. “What’s the incentive to go on the market and earn it within the dust? You are simply getting paid some huge cash up entrance and enjoying just a few occasions and enjoying 54 holes. They’re enjoying blaring music and have all these atmospheres which might be totally different.

“I simply do not see how that transfer is optimistic in the long run for lots of those gamers, particularly if the LIV group would not get world-ranking factors and the foremost championships change their standards for coming into the occasions. It will be unhappy to see a few of these younger children by no means get an opportunity to expertise it and expertise what we have got an opportunity to expertise and stroll these hallowed grounds and play in these championships.”

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