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PGA tour commissioner announces $500 million in prize money for the upcoming season
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The PGA Tour is closing in on $500 million in prize money for next season, with eight tournaments offering $15 million or more and limited spots available for the postseason.
It will be the final time for a wraparound season that has nine tournaments starting on Sept. 15, has a six-week break around the holidays and resumes in Hawaii in January before the season ends in August.
Only the top 70 players — down from 125 — will qualify for the FedEx Cup playoffs, with players whittled down to 50 players for the second postseason event and 30 reaching the Tour Championship and competing for the FedEx Cup.
Starting in the fall of 2023, players outside the top 70 will have six tournaments to try to earn full status for a calendar-year schedule that will start the following January.
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The prize money for the 43 tournaments run by the PGA Tour is $428.6 million, which includes four opposite-field events. The four majors had combined prize money of $61.5 million last year. Still to be determined is whether purses will be increased for 2023.