Categories: General News

LIV Golf Denies Claim That Players Aren't Receiving Prize Money – Sports Illustrated

LIV Golf is again denying that players' prize money won in events is applied against their respective up-front money.
The topic came up again Tuesday during a hearing in which three LIV Golf players were attempting to gain a special temporary injunction to play in this week’s first FedEx Cup playoff event in Memphis.
During the hearing, the LIV players' attorney, Robert Walters, said in what appeared to be an off-handed remark about player compensation to judge Beth Labson Freeman. Here's how the exchange played out:
Judge Freeman: "Well, these contracts provide for payments simply for showing up for the first tournament."
Robert Walters: "Well, they do, but then they have to win money in order to recoup against the contract, so they are a little bit different."  
The point was not followed up on during the proceedings, but it’s been an issue ever since the LIV Golf Invitational Series launched in June outside of London: Are the players only getting prize money once the amount exceeds their guaranteed pay?
Their emphatic answer: no.
“I haven’t yet received the transcript from the proceedings yesterday, but it seems there is a misunderstanding regarding prize purses,’’ said Atul Khosla, president and chief operating officer of LIV Golf, in a memo. “This issue is simple, and we’ve addressed it before. Prize money is of course separate from the contractual monies that players earn. As you already know, prize money is not subtracted from a player’s contractual earnings.
“That’s all there is to it.’’
A LIV Golf official made an announcement at the event in Portland to the same effect and said again Tuesday: “We maintain that every player’s contract is separate from the prize money.’’
Sports Illustrated contacted two LIV players and a player agent independent of each other and each said they have been paid the purse money earned in their events.
Freeman, in federal court in Northern California, ruled against players Talor Gooch, Hudson Swafford and Matt Jones in their attempt to gain relief to play this week. She set a trial date for the antitrust suit for next September.
Related: Rory McIlroy Is Pleased to See LIV Golf Denied in Court
Bob Harig is a golf writer for Morning Read/SI.com and the author of the book “Tiger and Phil: Golf’s Most Fascinating Rivalry,’’ which was published in April 2022 and can be ordered here.

source

InfoLair

Our primary beliefs and values include giving our readers quality material, disseminating information to encourage informed thinking, and supporting policies and ideas. We frequently curate or extract content from reliable online sources in order to uphold those ideals.

Recent Posts

Home improvement in the U.S. is hands-on but rarely fully DIY

To read the full article click below: Methodology:YouGov Profiles is based on continuously collected data… Read More

2 days ago

Singer D4vd arrested in connection with teen’s murder – News24

Singer D4vd arrested in connection with teen’s murder  News24Singer D4vd arrested on suspicion of murdering teenage… Read More

4 days ago

Turtle Beach Stealth Pro II: New Flagship Headset with Hi-Res Audio and CrossPlay 2.0 Unveiled

Turtle Beach has today unveiled the Stealth Pro II – a wireless premium gaming headset… Read More

5 days ago

Simple Daily Habits to Boost Your Head-to-Toe Health and Well-Being

Busy adults juggling work, family, and a crowded calendar often want beginner-friendly health improvements but… Read More

2 weeks ago

15 Major Pieces of Movie News That Might Break Next Week

Sundance, Cannes, Comic-Con, etc. These are just some of the events movie fans can count… Read More

2 weeks ago

Federal Investigators Probing NFL For Alleged Anticompetitive Practices, Report Says

The full scope of the investigation was not immediately clear. Source Read More

2 weeks ago

This website uses cookies.