PGA Tour commissioner Jay Monahan has admitted the American-based circuit can not compete in an ‘arm race of dollar bills’ against new-found rival LIV Golf.
The Saudi-backed series has formed as a competitor to the PGA Tour at the top of the golfing world, after attempting to lure in some of the sport’s biggest names with mega-money offers and prize money. The likes of Brooks Koepka, Bryson DeChambeau, Phil Mickelson and Dustin Johnson have all traded their PGA Tour cards - and legacies - in exchange for an eye-watering signing on fee in excess of £100 million, and to compete for £20 million in prize money at each event.
Tour commissioner Monahan addressed the saga ahead of this week’s Travelers Championship, in which he described it as an ‘arms race’. The American said: “As I also said to the players yesterday, let me be clear, I am not naive. If this is an arms race and if the only weapons here are dollar bills, the PGA Tour can’t compete.
