The CIMB Classic, a limited-field event held in Malaysia and the Tour's first sanctioned event in Southeast Asia. The field is limited to 40 players—the top-25 available players in the final FedEx Cup standings, the top ten available Asian players and five sponsor's exemptions, with at least one place reserved for a Malaysian player. The 2013 edition, which was part of the 2014 season, was the first as an official-money event.[60]
The tour began 91 years ago in 1929 and at various times the tournament players had attempted to operate independently from the club professionals.[1][5] With an increase of revenue in the late 1960s due to expanded television coverage, a dispute arose between the touring professionals and the PGA of America on how to distribute the windfall. The tour players wanted larger purses, where the PGA desired the money to go to the general fund to help grow the game at the local level.[6][7] Following the final major in July 1968 at the PGA Championship, several leading tour pros voiced their dissatisfaction with the venue and the abundance of club pros in the field.[8] The increased friction resulted in a new entity in August, what would eventually become the PGA Tour.[9][10][11][12] Tournament players formed their own organization, American Professional Golfers, Inc. (APG), independent of the PGA of America.[13][14][15] Its headquarters were in New York City.[10]
The tour began 91 years ago in 1929 and at various times the tournament players had attempted to operate independently from the club professionals.[1][5] With an increase of revenue in the late 1960s due to expanded television coverage, a dispute arose between the touring professionals and the PGA of America on how to distribute the windfall. The tour players wanted larger purses, where the PGA desired the money to go to the general fund to help grow the game at the local level.[6][7] Following the final major in July 1968 at the PGA Championship, several leading tour pros voiced their dissatisfaction with the venue and the abundance of club pros in the field.[8] The increased friction resulted in a new entity in August, what would eventually become the PGA Tour.[9][10][11][12] Tournament players formed their own organization, American Professional Golfers, Inc. (APG), independent of the PGA of America.[13][14][15] Its headquarters were in New York City.[10]
Finally, two events held in Asia after the end of the PGA Tour's current regular season – the CIMB Classic in Malaysia and the HSBC Champions, a World Golf Championships event held in China – became full PGA Tour events, with official prize money, for the first time. Before 2013, neither event had full PGA Tour status despite being sanctioned by the Tour. Wins in the CIMB Classic were not classified as official PGA Tour wins, and HSBC Champions victories were official wins only for current PGA Tour members. Money earned in these events did not count as official PGA Tour earnings for any purpose.
The WGC-HSBC Champions, traditionally held the week after the Malaysia tournament. Despite its elevation to World Golf Championships status in 2009, it initially was not an official-money event.[61] Starting in 2010, if the event was won by a PGA Tour member, it counted as an official win and carried the three-year exemption of the other WGCs.[62] Starting in 2013, the HSBC Champions became an official money event, and wins are official for Tour and non-Tour members alike.[citation needed]
The PGA Tour is also covered extensively outside the United States. In the United Kingdom, Sky Sports was the main broadcaster of the tour for a number of years up to 2006. Setanta Sports won exclusive UK and Ireland rights for six years from 2007 for a reported cost of £103 million. The deal includes Champions Tour and the Nationwide Tour events, but like the U.S. television deals it does not include the major championships, and unlike the U.S. deal, it does not include the World Golf Championships. Setanta set up the Setanta Golf channel to present its coverage.[49] On June 23, 2009, Setanta's UK arm went into administration and ceased broadcasting. Eurosport picked up the television rights for the remainder of the 2009 season.[50] Sky Sports regained the TV rights with an eight-year deal from 2010 to 2017.[51] In South Korea, SBS, which has been the tour's exclusive TV broadcaster in that country since the mid-1990s, agreed in 2009 to extend its contract with the PGA Tour through 2019. As a part of that deal, it became sponsor of the season's opening tournament, a winners-only event that was renamed the SBS Championship effective in 2010.[52] In 2011 however, Korean automobile manufacturer Hyundai took over the title sponsorship, but SBS still remains a sponsor of the event.[53]
Due to increases in prize funds over the years, this list consists entirely of current players. Two players on the list, Vijay Singh and Davis Love III, are eligible for PGA Tour Champions (having respectively turned 50 in February 2013 and April 2014). Both have lifetime exemptions on the PGA Tour for 20 wins and 15 years on the Tour, and Love has won a tournament on the main PGA Tour since turning 50. The figures are not the players' complete career prize money as they do not include FedEx Cup bonuses, winnings from unofficial money events, or earnings on other tours such as the European Tour. In addition, elite golfers often earn several times as much from endorsements and golf-related business interests as they do from prize money.
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