- Associated Press - Wednesday, February 22, 2012

MARANA, ARIZ. (AP) - The PGA Tour is keeping the FedEx Cup for at least five more years with a significant sponsorship renewal.

Commissioner Tim Finchem announced Wednesday that FedEx has extended its umbrella sponsorship through 2017. That’s the final piece of sponsorship renewal that the tour navigated through a troubling economic climate.

Finchem already has kept the PGA Tour fully sponsored _ only Tampa, Fla., is missing a title sponsor _ along with extending the television agreement through 2021. Now it can keep its FedEx Cup, which culminates with four big events and a $10 million bonus for the winner.

Finchem did not get into financial details, though he says there will be “some growth” during the next five years. The FedEx Cup offers a total bonus pool of $35 million.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide