Third-Round Notes – Sunday, July 19, 2015
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REVIEW OF APPLIED ECONOMICS RAE Vol. 8, No. 1, (January-June 2012) THE DETERMINANTS OF ANNUAL EARNINGS FOR PGA PLAYERS UNDER THE NEW PGA’S FEDEX CUP SYSTEM Jonathan K Ohn*, William Bealing** and Dan Waeger*** Abstract: There have been numerous studies that examined the earnings determination of Major League Baseball (MLB) and National Football League (NFL) professional athletes, but relatively little attention has been paid to the earnings determination of professional golfers. The important difference between the two is: the earnings of MLB and NFL athletes are determined by past and expected future performance, while the earnings of professional golfers depend strictly on their current performance. In this paper, we reexamine the structure and determination of the PGA golfers’ tour earnings in the new era, which started with the introduction of the FedEx Cup Championship in 2007. We use two determination models – the first with a set of traditional skill variables, and the second with the skill variables along with two additional variables which reflect the monetary and psychological effect of a player’s timely performance at the majors, and the measure of a player’s consistency and persistency throughout the regular season. Overall, the second model appears to be a superior model, explaining the earnings determination of PGA players better. JEL classifications: J3; J7; M5 Keywords: Determination of Professional Golfers’ Earnings; Performance Variables; Earnings- Efficiency 1. INTRODUCTION Much attention has been paid to the study on the performance and earnings structure of professional sports players, especially in Major League Baseball (MLB) and National Football Leagues (NFL). However, relatively little attempt has been made to study the earnings structure of professional golfers. -
2015 CORPORATE PARTNERSHIP OPPORTUNITIES March 23-29, 2015 TPC San Antonio
VALERO TEXAS OPEN 2015 CORPORATE PARTNERSHIP OPPORTUNITIES March 23-29, 2015 TPC San Antonio Steven Bowditch 2014 Champion DATES: It’s been a pretty exciting time. March 23-29, 2015 It’s been a little crazy with all the TITLE SPONSOR: congratulations and autographs. Valero Energy Corporation It’s been really overwhelming; it’s SITE: TPC San Antonio a wonderful experience. AT&T Oaks Course – Steven Bowditch World Golf Hall of Fame member and renowned golf 2014 Champion course architect Greg Norman, together with player consultant and current PGA TOUR star, Sergio Garcia, CONTENTS: masterfully designed the par-72, 7,522-yard AT&T Oaks Course at TPC San Antonio, a part of the JW Marriott H Tournament Facts San Antonio Hill Country Resort and Spa. H Tournament Recap H Growth Trends and Demographics BROADCAST: H Charitable Initiatives Golf Channel & NBC H Sponsors DEFENDING CHAMPION: H 2014 Tournament Players Steven Bowditch (69-67-68-76--280) H Past Champion Highlights H Setting The Stage FIELD SIZE: H Corporate Hospitality & Entertainment 144 Players H Branding H Special Events PRIZE MONEY: $6.2 Million Purse ($1,116,000 to winner) • Pro-Am Experiences • Valero Junior Texas Open TOURNAMENT MANAGED BY: • Night To Honor Our Heroes Presented by USAA • Astellas Presents Executive Women’s Day • Private Corporate Functions 1 2014 TOURNAMENT RECAP GROWTH TRENDS (Percentage Increase from Prior Year) Never before, in the Texas Open’s 92-year history, have so many gathered to experience San Antonio’s annual PGA Attendance DEMOGRAPHICS TOUR stop. Record crowds at TPC San Antonio along with millions of television viewers from around the globe 21.4% witnessed some of the game’s biggest and brightest stars, 200% Gender SA Zip Codes including Phil Mickelson, Matt Kuchar, Jimmy Walker, Zach Johnson, Ernie Els, Jordan Spieth and Jim Furyk 2014 Male 74% 78258 to name just a few, as they navigated their way around 2013 22% 2012 the challenging AT&T Oaks Course in the hopes of being Female crowned Valero Texas Open Champion. -
2017 Presidents Cup Sponsorship Opportunities
LIBERTY NATIONAL GC SEPTEMBER 25-OCTOBER 1, 2017 LIBERTY NATIONAL GC MILESTONES 2006 2009 2013 2017 With Paul Fireman’s direction, The PGA TOUR partnered with With the goal to repeat the Another chapter in Liberty Tom Kite and Robert E. Cupp Liberty National to host one same success from 2009, National history will be designed a breathtaking of the top tournaments on The Barclays returned to a written when The Presidents course with 360-degree views TOUR, The Barclays, the newly renovated course at Cup 2017 returns to America of one of the most iconic marquee event to kick off Liberty National. “The way for its 12th playing. Liberty symbols in the world, the the FedExCup Playoffs. they presented this course, National becomes just the Statue of Liberty. it was in perfect shape,” said fourth course in the United Adam Scott, 2013 winner. States to host this prestigious, international team competition. COMPETITION AT ITS FINEST Since its inception in 1994, The Presidents Cup Scheduled for September 25-October 1 when has become one of the most eagerly awaited and the biennial competition is played in the United highly watched events in the world of golf. Top States for the seventh time, Liberty National players from the United States are pitted against will be the fourth venue in the United States an International Team culled from the ranks of the to host this prestigious event, joining Robert finest golfers from outside Europe. The aura of Trent Jones Golf Club, Gainesville, Virginia international cooperation and civility that is the (1994, 1996, 2000, 2005); TPC Harding Park, hallmark of the event has not served to cool the San Francisco, California (2009); and Muirfield competitive fire that burns within these players. -
2013 AMPC Rd 3 Notes
2013 World Golf Championships-Accenture Match Play Championship (The 8th of 36 events in the PGA TOUR Season) Marana, Ariz. Feb. 18-24, 2012 Purse: $8,750,000 ($1,500,000 to the winner) The Golf Club at Dove Mountain Par/Yards: 36-36 – 72/7,791 Third-Round Notes – Saturday, February 23, 2013 Weather A cold start with temperatures in the low to mid-30s and areas of frost. Frost forced a 45-minute delay of tee times. Sunny skies and warmer temperatures in the afternoon with highs reaching the low to mid-60s. Winds NE 5-10 mph. Breakdown of the field of 64 players, by country: To start the first round: After the third round: International players: 43 International players: 3 U.S. players: 21 U.S. players: 5 Countries represented: 17 Countries represented: 4 Largest international contingent: South Africa (7) Largest international contingent: 3 with 1 each Winners by country (Number of players initially in the field in parentheses) United States (21) Lee Westwood (R1) Denmark (2) Matt Kuchar David Lynn (R1) Thorbjorn Olesen (R2) Hunter Mahan Chris Wood (R1) Thomas Bjorn (R1) Robert Garrigus Justin Rose (R2) Steve Stricker Luke Donald (R2) Ireland (2) Webb Simpson Padraig Harrington (R1) Rickie Fowler (R1) Sweden (5) Shane Lowry (R3) Tiger Woods (R1) Henrik Stenson (R1) Jason Dufner (R1) Carl Pettersson (R2) Italy (2) Keegan Bradley (R1) Peter Hanson (R2) Francesco Molinari (R1) Dustin Johnson (R1) Aleander Noren (R2) Matteo Manassero (R1) Zach Johnson (R1) Fredrick Jacobson (R3) Bil Haas (R1) Northern Ireland (2) Ryan Moore (R1) Australia (4) Graeme McDowell David Toms (R1) Jason Day Rory McIlroy (R1) Bo Van Pelt (R2) Adam Scott (R1) Russell Henley (R2) John Senden (R1) Belgium (1) Charles Howell III (R2) Marcus Fraser (R2) Nicolas Colsaerts (R3) Jim Furyk (R2) Nick Watney (R2) Scotland (3) Japan (1) Scott Piercy (R3) Paul Lawrie Hiroyuki Fujita (R1) Bubba Watson (R3) Stephen Gallacher Richie Ramsay South Korea (1) South Africa (7) K.J. -
Still Attacking Life
35 GOLF LEGEND THE SHARK KEEPING UP WITH 63-YEAR-OLD GREG NORMAN IS AS CHALLENGING AS EVER, ALTHOUGH THE MULTI-BUSINESS ENTREPRENEUR SEES CALMER WATERS AHEAD. WORDS Paul Prendergast 34 THE CUT GOLF & LEISURE 35 f the many principles and values that Greg now works cheek and jowl alongside her husband handling the Norman documents in his 2006 autobiography interior design for all Greg Norman-branded real estate. Greg Norman: The Way of the Shark, it’s perhaps The couple were only days removed from what Norman the final listing, ‘Attack Life’, that best depicts the called a “very educational and informative” vacation to Israel, Opublic persona of Norman throughout the years. Norman’s first visit to that country – which is hard enough in It’s a mantra Norman has lived out in full, from teenage itself to believe, given the rampant, globetrotting life he’s led years surfing and diving, an aggressive approach to his golf since bursting on to the scene in the 1970s. that took him to two majors, 91 professional victories and “My life is fantastic, quite honestly. My kids, grandkids and 331 weeks atop the world rankings, to well-documented off- stepkids are all happy and healthy, we’re fortunate to experience course pursuits that included fleets of things that few people get to see and we do fast cars, private jets, luxury yachts, it in a very humble, understated way.” 12,000-acre Colorado ranches Norman said. and the unflagging energy he has “MY LIFE IS “From the pure surface value tipped into creating a diverse and of what life is delivering us, it’s enduring business empire. -
Teeing Off for 1921 a Brief Glance at the Possible Features for the Coming Season on the Links by Innis Brown
20 THE AMERICAN GOLFER Teeing Off for 1921 A Brief Glance at the Possible Features for the Coming Season on the Links By Innis Brown IGURATIVELY speaking, the golfing lowing have signified a desire to join the on what the Britons are thinking and saying world is now teeing off for the good expeditionary force: Champion "Chick" of the proposal to send over a team. When F year 1921, though as a matter of fact a Evans, Francis Ouimet, "Bobby" Jones, Harry Vardon and Ted Ray arrived back moody, morose and melancholy majority is Davidson Herron, Max R. Marston, Parker home after their extended tour of the States, doing nothing more than casting an occasional W. Whittemore, Nelson M. Whitney, Regi- both Harry and Ted derived no little fun furtive glance in the direction of its links nald Lewis and Robert A. Gardner. It is from telling their friends among the ranks paraphernalia, and maligning the turn of probable that one or two others may be added of home amateurs just what lay in store for weather conditions that have driven it indoors to the above list. them, if America sent over a team. Both pre- for a period of hibernation. But that more This collection of stars will form far and claimed boldly that the time was ripe for fortunate, if vastly outnumbered element away the most formidable array of amateur Uncle Sam to repeat on the feat that Walter which is even now trekking southward, has talent that ever launched an attack against J. Travis performed at Sandwich in 1904, already begun to set the new golfing year when he captured the British title. -
Golf Foundation JGM Newsletter Issue 58 Final 02/12/2016 12:16 Page 1
Golf Foundation JGM Newsletter Issue 58_Final 02/12/2016 12:16 Page 1 Issue 58 November 2016 The Golf Foundation helps young people to ‘Start, Learn and Stay’ in the sport, with ambitious targets Photo: Leaderboard Photography Leaderboard Photo: 40,000 extra youngsters visiting clubs The Golf Foundation team is pleased girls from different backgrounds per year in a encourage 50,000 extra youngsters through with progress this year but seeks to raise unique community to club pathway. Having a the gates of a golf club each year via HSBC the bar further in 2017 in our purpose to beginning often with golf in school, the system Golf Roots, with 15,000 playing regular golf make the benefits of golf available to any helps the young person find a start in club from there. young person and to help them ‘Start, golf through expert PGA Professional Learn and Stay’ in the sport. As a charity, supervision, playing regularly and attaining The great news is that in the year up to we passionately believe that golf should that first handicap. March 2016 we are very much on track, be a game open to all and our HSBC though much more work needs to be done. Golf Roots programme is underpinned The Foundation team is working hard with its This charity encouraged 40,000 extra by this, one of our core values. partners to recruit and retain more players youngsters to go through the gates of a club and we have ambitious targets in this area. In in England in the last year and 14,000 HSBC Golf Roots reaches 500,000 boys and England, by 2018, the charity is looking to continue to play regularly. -
Georgia Hall Ambassadorship Announcement
WENTWORTH NAMES GEORGIA HALL AS AMBASSADOR London, May 2019: Wentworth Club, the world-famous Golf and Country Club, has announced current Women’s British Open title holder Georgia Hall as Ambassador. The 23-year-old English professional golfer will utilise Wentworth’s 3 Geo-certified Championship 18-hole courses as her home training base over the next three years. The former British number one will take full advantage of the vast facilities the Club has to offer; from Championship golf courses, to state-of-the-art driving range and practice facilities, and an overall enhanced wellness offering at the Tennis & Health Club. "I was delighted to be invited to be Ambassador at Wentworth, as I’ve always aspired to have access to leading practice facilities such as theirs. Practice has never been this fun. I’m spoiled by the technology available to support in advancing my game, not to mention the beautiful gym and spa spaces. The Members and all staff at the club have made me feel extremely welcome and I look forward to strengthening my relationship with all.” Georgia Hall “We are delighted to announce that Georgia Hall has joined Wentworth Club as our new golf ambassador. Bringing youth, skill and passion to Wentworth, we are excited by this new relationship and the opportunities it will provide to our Members.” Woraphanit Ruayrungruang (Wentworth Director) www.wentworthclub.com For press enquiries please contact: Kelly Hogarth [email protected] NOTES TO EDITORS About Wentworth Club For more than nine decades Wentworth Club has been regarded as one of the world’s finest and most prestigious golf and country clubs, famous as the home of the BMW PGA Championship since 1984, host venue to the World Match Play for 43 years and the birthplace of the Ryder Cup. -
PLAYERS GUIDE — Shinnecock Hills Golf Club | Southampton, N.Y
. OP U.S EN SHINNECOCK HILLS TH 118TH U.S. OPEN PLAYERS GUIDE — Shinnecock Hills Golf Club | Southampton, N.Y. — June 14-17, 2018 conducted by the 2018 U.S. OPEN PLAYERS' GUIDE — 1 Exemption List SHOTA AKIYOSHI Here are the golfers who are currently exempt from qualifying for the 118th U.S. Open Championship, with their exemption categories Shota Akiyoshi is 183 in this week’s Official World Golf Ranking listed. Birth Date: July 22, 1990 Player Exemption Category Player Exemption Category Birthplace: Kumamoto, Japan Kiradech Aphibarnrat 13 Marc Leishman 12, 13 Age: 27 Ht.: 5’7 Wt.: 190 Daniel Berger 12, 13 Alexander Levy 13 Home: Kumamoto, Japan Rafael Cabrera Bello 13 Hao Tong Li 13 Patrick Cantlay 12, 13 Luke List 13 Turned Professional: 2009 Paul Casey 12, 13 Hideki Matsuyama 11, 12, 13 Japan Tour Victories: 1 -2018 Gateway to The Open Mizuno Kevin Chappell 12, 13 Graeme McDowell 1 Open. Jason Day 7, 8, 12, 13 Rory McIlroy 1, 6, 7, 13 Bryson DeChambeau 13 Phil Mickelson 6, 13 Player Notes: ELIGIBILITY: He shot 134 at Japan Memorial Golf Jason Dufner 7, 12, 13 Francesco Molinari 9, 13 Harry Ellis (a) 3 Trey Mullinax 11 Club in Hyogo Prefecture, Japan, to earn one of three spots. Ernie Els 15 Alex Noren 13 Shota Akiyoshi started playing golf at the age of 10 years old. Tony Finau 12, 13 Louis Oosthuizen 13 Turned professional in January, 2009. Ross Fisher 13 Matt Parziale (a) 2 Matthew Fitzpatrick 13 Pat Perez 12, 13 Just secured his first Japan Golf Tour win with a one-shot victory Tommy Fleetwood 11, 13 Kenny Perry 10 at the 2018 Gateway to The Open Mizuno Open. -
The Returns Are In!
The Returns Are In! During the 1947 winter tournament season on the P. G. A. circuit — More than half of the tournaments were won by players using the new Acushnet Titleist. More players played the new Acushnet Titleist than all other balls combined. Your low-handicap members will learn why when they play this ball. Recommend it. Acushnet Process Sales Company New Bedford, Massachusetts GOLF BALLS Sold fhe world over through Pro Shops onl' Frank Strafaci, NY Met district amateur star, has been partially crippled by recur- rence of a jungle infection he contracted when he was a GI in the Pacific. Club- houses made of used army and navy build- ings are being erected at a number of small town and muny courses. Long Beach, Calif., Meadowlark fee course is in a new men's clubhouse, lockerroom and shower- room converted from former Army bar- racks. Golf practice range business generaiiy keeping up at record figure. Goif range pros are selling pretty fair aniount of high- priced equipment. Columbus (Ga.) CC NEWS OF THE GOLF WORLD IN BRIEF B«/ IIERB GRAFFIS lets contraet for $200,000 clubhohse im- provements... American Legion opens new Smiley Quick, one of the young men who 9-hole sandgreen course at McPherson, Ks. break faithless putters says Carnoustie is ... Buddy Troyer in San Jose (Calif.) News the toughest course he played abroad. junior tournament had 30 one putt greens Windom, Minn., establishing a golf club. in 54 holes. E. W. Harbert, Chick's dad and pro at Stockton, Calif., considering new 18 hole Hamilton (O.) Elks club, says Chick was so muny course. -
Memorial's 2010 Honoree Award
MEMORIAL’S 2010 HONOREE AWARD BACKGROUND The Memorial Tournament was founded by Jack Nicklaus in 1976 with the purpose of hosting a Tournament in recognition and honor of those individuals who have contributed to the game of golf in conspicuous honor. Since 1996 and the Memorial’s inaugural honoree, Bobby Jones, the Event has recognized many of the game’s greatest contributors. PAST HONOREES 1976 Robert T. Jones, Jr. 1993 Arnold Palmer 2005 Betsy Rawls & 1977 Walter Hagen 1994 Mickey Wright Cary Middlecoff 1978 Francis Ouimet 1995 Willie Anderson – 2006 Sir Michael Bonalack – 1979 Gene Sarazen John Ball – James Charlie Coe – William 1980 Byron Nelson Braid – Harold Lawson Little, Jr. - Henry 1981 Harry Vardon Hilton – J.H. Taylor Picard – Paul Runyan – 1982 Glenna Collett Vare 1996 Billy Casper Densmore Shute 1983 Tommy Armour 1997 Gary Player 2007 Mae Louise Suggs & 1984 Sam Snead 1998 Peter Thomson Dow H. Finsterwald, Sr. 1985 Chick Evans 1999 Ben Hogan 2008 Tony Jacklin – Ralph 1986 Roberto De Vicenzo 2000 Jack Nicklaus Guldahl – Charles Blair 1987 Tom Morris, Sr. & 2001 Payne Stewart MacDonald – Craig Wood Tom Morris, Jr. 2002 Kathy Whitworth & 2009 John Joseph Burke, Jr. & 1988 Patty Berg Bobby Locke JoAnne (Gunderson) 1989 Sir Henry Cotton 2003 Bill Campbell & Carner 1990 Jimmy Demaret Julius Boros 1991 Babe Didrikson Zaharias 2004 Lee Trevino & 1992 Joseph C. Dey, Jr Joyce Wethered SELECTION Each year the Memorial Tournament’s Captain Club membership selects the upcoming Tournament honoree. The Captains Club is comprised of a group of dignitaries from the golf industry who have helped grow and foster the professional and amateur game. -
Jimmy Walker Set to Defend Title
FOR IMMEDIATE RELEASE March 16, 2016 JIMMY WALKER SET TO DEFEND TITLE NUMEROUS TOP RANKED PLAYERS ALREADY COMMITTED CURRENT OPEN CHAMPION & TWO-TIME VALERO TEXAS OPEN WINNER ZACH JOHNSON RETURNING TO SAN ANTONIO SAN ANTONIO, TX – In conjunction with its annual Media Day this morning, tournament officials announced some early player commitments including the return of last year’s champion Jimmy Walker for the 2016 Valero Texas Open, scheduled for April 21-24 at the AT&T Oaks Course at TPC San Antonio. Walker, who lives in nearby Boerne, became the fourth San Antonio-area resident to win the Valero Texas Open when he prevailed by four strokes over Jordan Spieth in his victory here last year. Walker was one of only four players in the field to post four sub-par rounds and at the time became the first multiple winner for the TOUR’s 2014-2015 season, having successfully defended his Sony Open in Hawaii title a few months earlier. By season’s end, Walker advanced to the FedExCup Playoffs for a sixth consecutive season and was ranked 16th in the FedExCup standings. “Jimmy has been a great champion for us throughout the year and we are excited to have him come back and defend his title,” said the tournament’s Executive Director Larson Segerdahl. “He and his wife Erin are great ambassadors for the San Antonio area and for the game of golf. We could not have been prouder to have him as our champion this year and consider him a member of the Valero Texas Open family.” Walker will have some of the world’s top ranked players, fellow Valero Texas Open champions and some major championship winners to compete against in what is the third oldest PGA TOUR event on the schedule.