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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. -
Beljan Final Player to Qualify for Hyundai Tournament of Champions
Hyundai Motor America 10550 Talbert Ave, Fountain Valley, CA 92708 MEDIA WEBSITE: HyundaiNews.com CORPORATE WEBSITE: HyundaiUSA.com FOR IMMEDIATE RELEASE BELJAN FINAL PLAYER TO QUALIFY FOR HYUNDAI TOURNAMENT OF CHAMPIONS Chris Reimer PGA Tour 9042733286 [email protected] ID: 37781 Kapalua, Maui, Hawaii, Nov. 14, 2012 – With his dramatic victory at the Children’s Miracle Network Hospitals Classic, 28yearold rookie Charlie Beljan became the final player to qualify for the 2013 PGA TOUR seasonopening Hyundai Tournament of Champions, to be held at the Plantation Course at Kapalua Resort, Jan. 37, 2013. Beljan, who suffered from a panic attack during the second round and was almost unable to compete, held on for his first PGA TOUR victory. The performance helped him move from outside the top 125 on the money list and in danger of losing his PGA TOUR card for 2013, to inside the Hyundai Tournament of Champions field and suddenly on the PGA TOUR ballot for Rookie of the Year. “I was happy that my wife and my baby were here,” said Beljan. “It still isn’t real. Three weeks ago before The McGladrey Classic, I was 150 (on the money list) and hoping to play well so I didn't have to fly straight from here toHoustonfor Second Stage. And then I did well at McGladrey. I'm like, beautiful. Now I can go right to Final Stage. Now I don't have to go to Q‑school for a few years, and I get to go toHawaiito start the year.” Beljan will join 36 other PGA TOUR winners who have qualified for the 2013 Hyundai Tournament of Champions. -
USGA Championships Media Guide 1 USGA Championship Record Book
USGA Championships Media Guide 1 USGA Championship Record Book 2019 2 USGA Championships Media Guide 20192009 USGA Championships Championships 5th Latin America Amateur Jan. 17-20 Casa de Campo (Teeth of the Dog Course) Casa de Campo, Dominican Republic 5th U.S. Women’s Amateur Four-Ball April 27 - May 1 Timuquana Country Club Jacksonville, Fla. 2nd U.S. Senior Women’s Open May 16-19 Pine Needles Lodge & Golf Club Southern Pines, N.C. 5th U.S. Amateur Four-Ball May 25-29 Bandon Dunes Golf Resort (Old Macdonald & Pacific Dunes Courses), Bandon, Ore. 74th U.S. Women’s Open May 30 - June 2 Country Club of Charleston Charleston, S.C. 119th U.S. Open June 13-16 Pebble Beach Golf Links Pebble Beach, Calif. 40th U.S. Senior Open June 27-30 The Warren Golf Course at Notre Dame Notre Dame, Ind. 72nd U.S. Junior Amateur July 15-20 Inverness Club Toledo, Ohio 71st U.S. Girls’ Junior July 22-27 SentryWorld Stevens Points, Wis. 119th U.S. Women’s Amateur Aug. 5-11 Old Waverly Golf Club West Point, Miss. 119th U.S. Amateur Aug. 12-18 Pinehurst Resort & Country Club (Course No. 2 & Course No. 4), Village of Pinehurst, N.C. 58th U.S. Senior Women’s Amateur Aug. 24-29 Cedar Rapids Country Club Cedar Rapids, Iowa 65th U.S. Senior Amateur Aug. 24-29 Old Chatham Golf Club Durham, N.C. 47th Walker Cup Match Sept. 7-8 Royal Liverpool Hoylake, England 33rd U.S. Women’s Mid-Amateur Sept. 14-19 Forest Highlands Golf Club Flagstaff, Ariz. -
2017 U.S. OPEN NOTEBOOK and STORY IDEAS June 15-18, 2017 Erin Hills, Erin, Wis
2017 U.S. OPEN NOTEBOOK AND STORY IDEAS June 15-18, 2017 Erin Hills, Erin, Wis. WHO’S HERE: Among the 156 golfers in the 2017 U.S. Open, there are: U.S. Open champions (11): Angel Cabrera (2007), Ernie Els (1994, ’97), Jim Furyk (2003), Lucas Glover (2009), Dustin Johnson (2016), Martin Kaymer (2014), Graeme McDowell (2010), Rory McIlroy (2011), Justin Rose (2013), Webb Simpson (2012) and Jordan Spieth (2015). U.S. Open runners-up (8): Jason Day (2011, ‘13), Ernie Els (2000), Rickie Fowler (2014), Jim Furyk (2006, ’07, ‘16), Dustin Johnson (2015), Graeme McDowell (2012), Phil Mickelson (1999, 2002, ’04, ’06, ’09, ‘13) and Louis Oosthuizen (2015). U.S. Amateur champions (8): Byeong Hun An (2009), Bryson DeChambeau (2015), Matthew Fitzpatrick (2013), Nick Flanagan (2003), Matt Kuchar (1997), Phil Mickelson (1990), Richie Ramsay (2006) and Peter Uihlein (2010). U.S. Amateur runners-up (2): Corey Conners (2014) and Brad Dalke (2016). U.S. Junior Amateur champions (3): Brian Harman (2003), Scottie Scheffler (2013) and Jordan Spieth (2009, ’11). U.S. Junior Amateur runners-up (1): Justin Thomas (2010). U.S. Senior Open champions (1): Gene Sauers (2016). U.S. Senior Open runners-up (1): Gene Sauers (2014). U.S. Mid-Amateur champions (2): Stewart Hagestad (2016) and Scott Harvey (2014). U.S. Mid-Amateur runners-up (1): Scott Harvey (2016). U.S. Amateur Public Links champions (3): Jordan Niebrugge (2013), Chez Reavie (2001) and Brandt Snedeker (2003). U.S. Amateur Public Links runners-up (1): Jason Dufner (1998). USGA champions (26): Byeong Hun -
TPC Network Turns 40 by John Steinbreder • August 22, 2020
My Account Logout READ THE MAGAZINE MEN’S PRO+ LPGA+ AMATEUR+ COURSE DESIGN+ MORE+ TPC Network Turns 40 By John Steinbreder • August 22, 2020 ith the building of the Stadium Course at TPC Sawgrass four decades ago, then-PGA W Tour commissioner Deane Beman did more than give the Players Championship a permanent home. Quite inadvertently, he also sowed the seeds of a business operation that today consists of 31 golf facilities and generates hundreds of millions of dollars in annual revenues for the PGA Tour. Called the TPC Network, it currently comprises private, public and daily-fee courses that serve recreational golfers throughout the United States as well as in Canada, Mexico, Puerto Rico, Colombia and Malaysia. Several of those layouts also act as venues for PGA Tour, PGA Tour Champions and Korn Ferry Tour events, such as TPC River Highlands outside Hartford, Connecticut, the home of the Travelers Championship, and TPC Southwind in Memphis, Tennessee, where the WGC-FedEx St. Jude Invitational was held last month. This year’s PGA Championship was staged at TPC Harding Park in San Francisco, California, and the first tournament of the 2020 FedEx Cup playoffs, the Northern Trust, is being played this weekend at TPC Boston. That is an impressive collection. Equally as significant is how that division of the tour is thriving as it celebrates its 40th anniversary this year. Designed largely by Pete and Alice Dye with significant impact from Beman, TPC Sawgrass was the first piece of that portfolio when it opened in the fall of 1980. Many industry observers, including a number of his tour professionals, considered it a risky venture. -
Golf Course for Best Results Mechanization All Season Long at the University of Minnesota, Waseca
SITE OF 1991 U.S. OPEN mond Floyd, Scott Simpson, Curtis Strange and Hale Irwin; Masters Champions since 1987—Larry Mize, Sandy Lyle and Calcavecchia Plays Hazeltine, Nick Faldo; PGA Champions since 1986—Bob Tway, Larry Nel- son, Jeff Sluman and Payne Stewart; British Open Champions Says It's 'Strong, Honest' since 1986—Greg Norman, Nick Faldo, Severiano Ballesteros With 'No Trick Holes' and Mark Calcavecchia. Also exempt under current rules will be the winner of the The 1991 U.S. Open makes a round at Hazeltine attractive 1991 Players Championship, the 1990 Senior Open Champi- for the average golfer. It also attracts the interest of the not so on, the 15 low scores from the 1990 U.S. Open, the 30 leading average golfer. money winners on the 1990 tour not otherwise exempt, the Current British Open Champion Mark Calcavecchia played 1990 U.S. Amateur champion, the ten leading money winners Hazeltine for the first time last fall. Although he played on an not otherwise exempt on the 1991 tour, plus up to seven for- unusually cold day, Calcavecchia enjoyed his round and the eign players not otherwise exempt. course. He thought it was "strong, honest—no trick holes." He Missing from the exempt players' list is Jack Nicklaus. His said the course had no weak areas, requiring consistent play- exemption as winner of the 1986 Masters ends with the 1990 ing from start to finish. Open. Absent a major win in the next year, 1991 will be the Calcavecchia's comments are similar to the views of Grant first year since he was an amateur that Nicklaus has not been Spaeth, president of the USGA. -
2015 Travelers Championship Broadcast Window & Pre-Tournament Notes
2015 Travelers Championship Broadcast Window & Pre-Tournament Notes ShotLink Keys to Victory for Kevin Streelman Kevin Streelman caught fire on his last 9 holes of the Travelers Championship including converting birdie on the final 7 holes of the event. Streelman would become the first winner to birdie the final 7 holes en route to victory. Kevin’s back 9 performance was spectacular, making over 109 feet of putts and gaining nearly 5 strokes on the field in Strokes Gained: Putting. Streelman closed with 10 consecutive one-putts becoming the first winner since Matt Kuchar (2002 The Honda Classic) to finish with 10 consecutive one-putts. Kevin Streelman Final Round Putting Comparison 2014 Travelers Championship Stat Front 9 Back 9 Streelman was over 4 strokes better on the back 9 than the Strokes Gained: Putting +.590 +4.723 front 9 in Strokes Gained: Putting. He needed 6 fewer putts One-Putts 15 9 on the back 9 and made 5 more putts over 5 feet than the front 9 including a 20’8” putt on hole 14 and a 37’1” putt on 7 Putts Made Over 5 Feet 2 the 16th hole. Total Feet of Putts Made 31'8" 109'4" Kevin Streelman gained +4.723 strokes on his final 9 holes in Strokes Gained: Putting marking the best 9 hole SG: Putting performance by a winner since 2004. Streelman joined a memorable group of champions including Russell Henley who birdied his final 5 holes en route to victory at the Sony Open in Hawaii and Stuart Appleby’s historical final round 59 at the 2010 Greenbrier Classic. -
FOR IMMEDIATE RELEASE January 10, 2019 CALCAVECCHIA
FOR IMMEDIATE RELEASE January 10, 2019 CALCAVECCHIA LOOKING TO BECOME FIRST REPEAT WINNER AT OASIS CHAMPIONSHIP BOCA RATON, Florida – Mark Calcavecchia entered last year’s Oasis Championship not far from considering retirement. He left the championship with a trophy. Calcavecchia outlasted World Golf Hall of Famer Bernhard Langer down the stretch, finishing at 16-under 200 to win by two shots. It was Calcavecchia’s fourth victory on PGA TOUR Champions and first since 2015. “I just didn’t think it would happen again,” Calcavecchia said Thursday during media day for the Oasis Championship. “These guys are so good. I hit it well, made enough putts and sometimes the good Lord just pencils you in. That week was just meant to be for some reason.” The 2018 Oasis Championship marked Calcavecchia’s first win on PGA TOUR Champions with his wife, Brenda, caddying for him. They had won together three other times. They both were in tears on the 18th green. “That meant a lot to win with Brenda after all the close calls we had,” Calcavecchia said. “We had won a bunch, but it was nice to finally win on the PGA TOUR Champions.” The 58-year-old Calcavecchia, a longtime Palm Beach County resident, hopes to become the first repeat winner in the event’s 13-year history when he defends his title at Broken Sound’s Old Course on February 4-10. “That’s a good challenge,” he said. “Hopefully I can end that streak and start the season strong again.” Calcavecchia won 13 times on the PGA TOUR, including the 1989 British Open. -
PGA Tour: the Relative Shift in TV Ratings Since the Beginning of the Fedex Cup Era
PGA Tour: The Relative Shift in TV Ratings Since the Beginning of the FedEx Cup Era A THESIS Presented to The Faculty of the Department of Economics and Business The Colorado College In Partial Fulfillment of the Requirements for the Degree Bachelor of Arts By James Martello Jr February 2019 i PGA Tour: The Relative Shift in TV Ratings Since the Beginning of the FedEx Cup Era James Martello Jr February 2019 Economics Abstract Top players in the sports industry enjoy a fanatical following across the globe, making them ideal prospects for advertising campaigns in both print and electronic media forms. This paper uses decades of TV ratings, specifically from golfs FedEx Cup Era and television shows in general. Using weekly data from the Top 5 FedEx Cup ranked players presence in the Top 10 of golf’s most competitive tournaments, the presence of Tiger Woods, and the number 1 ranked television show of the year, this study utilizes a generalized least squares regression. This study hypothesizes that all variables used will positively affect the golf tournaments television rating. The results suggest that most variables do positively affect TV ratings, but based on the statistical evidence the hypothesis was not present. KEYWORDS: (PGA, TV Ratings, FedEx Cup, Tiger Woods) JEL CODES: (L83, Z20) ii ON MY HONOR, I HAVE NEITHER GIVEN NOR RECEIVEDUNAUTHORIZED AID ON THIS THESIS James Martello Signature iii Acknowledgements This journey would not have been possible without the support of my family, professors, and friends. To my family, thank you for encouraging me in all of my pursuits and inspiring me to follow my dreams. -
Crystal Lake on the Upswing South Atlanta Standout ‘Best It’S Been’
GEORGIAPGA.COM GOLFFOREGEORGIA.COM «« FALL 2012 Crystal Lake on the upswing South Atlanta standout ‘best it’s been’ By Mike Blum n real estate, experts like to say that it’s all about location. That also applies to golfI courses. But timing has become an equally critical ele- ment to the success (or relative lack thereof) of courses in the metro Atlanta area. The economic downturn of the late 2000s prevented a number of outstanding courses Crystal Lake's picturesque par-3 15th from getting off to financially sound starts. A number of those facilities are in the midst of come- sible for the design work of a sizeable backs aided by new ownership and/or managed by Affiniti Golf Partners, and management company’s daily fee courses number of outstanding courses management, which have helped get according to General Manager/Head in the metro area consistently ranked throughout the state (Brasstown Valley, them back on more solid footing. Professional Chris Busbee, “is the best among Atlanta’s best. all three courses at Chateau Elan, Among the top Atlanta courses to it’s been the last couple of years.” With the bulk of metro Atlanta’s Chestatee, Chicopee Woods, Georgia open during the mid-2000s is Crystal Busbee, who was Crystal Lake’s golf golfers and golf courses on the north Club, Georgia National, Georgia Vets, Lake Golf & Country Club, a semi-pri- pro when it opened in 2006, says the side, facilities south of the airport Old Union, River Pines, St Marlo). vate facility in Henry County that ranks club’s affiliation with Affiniti has pro- struggle for recognition. -
2014 Travelers Championship Broadcast Window & Pre-Tournament Notes
2014 Travelers Championship Broadcast Window & Pre-Tournament Notes ShotLink Keys to Victory for Ken Duke Ken Duke picked up his first career victory on the PGA TOUR in his 187 th career start on TOUR moving to 20 th in the FedExCup standings. Duke relied on is play from on and around the greens en route to victory at TPC River Highlands. Ken Duke vs. The Field 2013 Travelers Championship th Stat Rank Stat Field Entering the 2013 Travelers Ken Duke ranked 99 on TOUR for scrambling from around the greens (57.9%). Sand Save Percentage T6 75.00% 43.56 rd However, his short game was on point at TPC River Scrambling 3 77.78% 58.19 Highlands salvaging par or better on 21 of 27 missed Strokes Gained - Putting 10 th +1.204 .000 greens ranking 3 rd in this category. st Putting Average 1 1.622 1.800 th nd He was also sharp with the putter ranking 10 for One-Putt Percentage 2 51.39% 36.62 nd st strokes gained – putting, 2 for one-putts and T-1 nd Putts Per Round 2 26.50 29.38 when putting from 15 to 25 feet. Putting from - 15-25' T1 33.33% 14.10 Highest Pct of Putts Made 15 to 25 Feet 2013 Travelers Championship Ken Duke was solid when putting Rank Player % Made Attempts Putts made from 15 to 25 feet at TPC River T1 Ken Duke 33.33 15 5 Highlands. T1 Chris Stroud 33.33 12 4 For the week, he converted a field t- T1 Morgan Hoffmann 33.33 15 5 leading 5 of 15 putts from this 4 Zach Johnson 31.25 16 5 distance (1 in every 3). -
2015 Puerto Rico Open (The 17Th of 43 Events in the PGA TOUR Season)
2015 Puerto Rico Open (The 17th of 43 events in the PGA TOUR Season) Rio Grande, Puerto Rico March 2-8, 2015 Purse: $3,000,000 (winner: $540,000) Trump International Golf Club Par/Yards: 72/7,506 First-Round Notes – Thursday, March 5, 2015 Weather: Mostly sunny with temperatures in the mid 80s. Winds ENE 15-25 mph. First-Round Leaderboard Mark Hubbard 68 (-4) Chris Smith 69 (-3) Emilliano Grillo 69 (-3) Billy Mayfair 69 (-3) Mark Hubbard PGA TOUR rookie Mark Hubbard is making his 11th start of the 2014-15 PGA TOUR Season and the 13th start of his career. He has made seven of nine cuts with a best finish of T20 at the Humana Challenge. Hubbard had an eventful February after proposing to his girlfriend at No. 18 at Pebble Beach after round one of the AT&T Pebble Beach National Pro-Am. Two weeks later he was DQ’d from The Honda Classic for failing to register. Hubbard’s previous best position after 18 holes on TOUR was T14 at the 2014 Sanderson Farms Championship. The Puerto Rico Open has historically been a stop for future Rookies of the Year. In 2014, Chesson Hadley won en route to being named the 2014 PGA TOUR Rookie of the Year. In 2013, Jordan Spieth recorded a T2 finish, one of nine top-10s that would lead to PGA TOUR Rookie of the Year. Chris Smith Smith is looking for his first top 10 on the PGA TOUR since the 2005 U.S. Bank Championship in Milwaukee (T5).