Tiger Woods will get a $100 million windfall for being loyal to the PGA Tour and is refusing the tempting offer of LIV Gold, a new report claimed.
It has been reported that the 48-year-old golfer will benefit from the $1.5 billion investment in North American sports, which includes the PGA Tour, from Strategic Sports Group.
Around $1 billion will be divided among 193 golfers, with $750 million reserved for 36 of the world's best and $75 million for retired legends. However, experts divulged that the huge sum of money comes with some conditions.
Players can't cash in their chips right away and are barred to sign with Saudi-backed LIV, which offers players big paydays even if they don't rank. However, the money may not be enough to deter some pros from defecting and dipping into LIV's big pockets.
Moles told The National Enquirer that Jon Rahm couldn't pass up the $500 million offer from LIV, which surpassed the $77 million he made over his eight years with the PGA. However, insiders say money isn't a worry for Tiger, who is worth $1.3 billion.
Business Times has reached out to Tiger Woods for comments.
Meanwhile, ESPN reported that Tiger Woods, a 15-time major champion, has received a special exemption to compete in next month's U.S. The Open will be held at Pinehurst Resort & Country Club in North Carolina, the USGA announced Thursday.
Tiger, a three-time U.S. Open winner, last won the event in 2008. While he holds lifetime exemptions to the Masters and PGA Championship and can compete in The Open until he is 60 as a former victor, his exemption to the U.S. Open ended in 2023.
This is the first time Tiger has not qualified for a major title since the 1996 PGA title, when he was still an amateur. The 124th U.S. Open will be played on Pinehurst's Course No. 2 from June 13 to June 16.
"The story of the U.S. Open could not be written without Tiger Woods. From his 15-stroke victory at Pebble Beach in 2000 to his inspiring win on a broken leg at Torrey Pines in 2008, this championship is simply better when Tiger is in the field, and his accomplishments in the game undoubtedly made this an easy decision for our special exemption committee,” USGA chief championships officer John Bodenhamer said in a statement.
Tiger said, during an appearance on Wednesday’s “Today” episode, that he still expects to play one event monthly, starting with the PGA Championship on May 16 to May 19 at Valhalla Gold Club in Louisville, Kentucky. After that, the Open Championship will be held at the Royal Troon Golf Course in Scotland from July 18 to 21.
"I have basically the next three months. So, I have three majors, and hopefully that will all work out,” Tiger stated.
