GOLF thread
- Thread starter cawoodsct
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I looked it up, 2016 Farmers Insurance at Torre Pines. He shot 73 / 70 / 70 / 69. Finished -6 under tor the tournament, beating KJ Choi by 1, who shot a 76 in the final round.
Other notables from 2016 final round scores :
JB Holmes (-2) T6, final round 76.
Dustin Johnson shot 80
Gary Woodland 82
Michael Kim 83 (He had a shot to win yesterday)
Brian Harmon 86.
Other notables from 2016 final round scores :
JB Holmes (-2) T6, final round 76.
Dustin Johnson shot 80
Gary Woodland 82
Michael Kim 83 (He had a shot to win yesterday)
Brian Harmon 86.
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I saw an interesting article about the tax free status of the PGA (also the LPGA and USTA) this morning. Even though the PGA grosses $1.8 billion per year it is considered a 501(C)(6) tax free professional league for tax purposes. The NFL and MLB gave up their tax free status a number of years ago, due partially because Congress got busy 10 or 12 years ago when public pushback on the NFL became acute due to public financing of stadiums, etcetera which led to the NFL giving up its tax free status voluntarily. In the NFL case, it was a distinction pretty much without a difference. The NFL grosses billions upon billions per year but is essentially a pass through entity as almost all the revenue is directed to the individual teams, which are taxable entities. And each team pays many millions in salaries to players and coaches which are also taxable so the NFL generates a tremendous amount of tax revenue. I did not look into MLB but assumed that the same thought process occurred as the NFL.
I have no idea how the PGA revenue is shared. I thought players earned money from the tournaments which are largely paid for by sponsorships. I suppose some portion of the tournament revenue goes to charity, but how much of the $1.8B does the PGA give away? I would not be surprised if the new administration takes a look at such exemptions. Hard to justify if MLB and NFL are not tax free any more.
I have no idea how the PGA revenue is shared. I thought players earned money from the tournaments which are largely paid for by sponsorships. I suppose some portion of the tournament revenue goes to charity, but how much of the $1.8B does the PGA give away? I would not be surprised if the new administration takes a look at such exemptions. Hard to justify if MLB and NFL are not tax free any more.
^^^The tour is usually in excess of $200M+ each year to charities. The Tour Championship itself gives $5M+ each year to local Atlanta charities, and The Players is around $9M+ to name a couple. They give more than the other big 3 sports combined.
Yeah, everyone knows that every tournament has a charitable cause or three (and said that above, although maybe not very clearly), but my question relates to the PGA Tour itself, that is grossing $1.8B. And LPGA, and USTA, etc.
Here is a link to its public filing, which raises more questions: How are Woods, McIlroy, Spieth, Cantlay et al getting paid that much? It is clearly not prize money.
PGA tax filing
You're forgetting about the PIP money. As I read that, Rory got $15 million in that alone in 2023. Malnati was on the board and it looked pretty close to his prize money. So, PIP, AON, Fed Ex Bonus etc. nothing nefarious other than the PGA found a way to reward people who "impact" the game (not leave for LIV).
