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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. -
Word Searches
WORD SEARCHES 1 WORD SEARCH MULTIPLE WINNERS DIRECTIONS: FIND THE WORDS MARKED IN BOLD S V W W H R E M L A P M C V S F O E P A N B V I T O K T N W K I T T R M O A U R F S I A B R A X U N U U S G H S K U G F C A S P E R J A T C D M A O A C Z S G Y G N S J A X Z I H L U O S Y L N U N W Y W X I T Y I N O E J A K E T M I F E R H H A D P L M Y A O F S U M K O L C Z P E P G D E I D H L U N J B C G X R U R Q V V D V I U S C O T T Q Y O Y T S Y V L E B H N O S L E K C I M A L B A Z A V O E H Q O G B P S O T K F M U Y A A N X A V C Q O D R BILLY CASPER, HARRY COOPER, FRED COUPLES, PAUL HARNEY, BEN HOGAN, LLOYD MANGRUM, PHIL MICKELSON, GIL MORGAN, ARNOLD PALMER, COREY PAVIN, ADAM SCOTT, MACDONALD SMITH, SAM SNEAD, LANNY WADKINS, BUBBA WATSON, MIKE WEIR GenesisInvitational.com/KidsClub 1 WORD SEARCH CHARLIE SIFFORD MEMORIAL EXEMPTIONS DIRECTIONS: FIND THE WORDS MARKED IN BOLD W V Z Q X Z J T Z T G D Q Y I A O P T X O T S L N J M R C H L V C Q H E A N K L I S C X Y K T M N L I U J O J N A H F A E A S M H K Z R Q T J L S K D R O A I U A J E K X G L W P R N R X F R A L R G D V O D F I B J E T F T A L I P O P P A M H L W P B U G G M D A F U X S H I L A E N O Z I R N O A V W P L R F M J P N Y U I O C C H K B K Y Y L G V A V O D O H Z H R V A K N W P V A R N E R S C H A M P Q S K C A M S D T L H N T Q F X V F F B D T T Y N JOSEPH BRAMLETT, CAMERON CHAMP, KEVIN HALL, VINCENT JOHNSON, WILLIE MACK III, TIMOTHY O’NEAL, CARLOS SAINZ JR, J.J. -
Metropolitan PGA Newsletter October 1, 2014
Metropolitan PGA Newsletter October 1, 2014 Ted Bishop and Randy Smith Headline Met PGA Fall Meeting, Special METROPOLITAN PGA th Awards Presentation & Fall Forum at Bethpage State Park on Oct. 29 OFFICERS Heath Wassem , Fenway GC Our upcoming Fall Meeting & Fall Forum will be at Bethpage State Park on Wednesday, President Oct. 29th. PGA President Ted Bishop will be an honored guest as he returns to the spot where he made the historic announcement one year ago of the PGA’s plan to come to Brian Crowell, GlenArbor GC Bethpage Black for the 2019 PGA and 2024 Ryder Cup. The Fall Meeting enables the Secretary members to celebrate the 2014 season and review the activities of the Section and help Carl Alexander, GC of Purchase set the course for the coming year with the election of officers and the Nominating Treasurer Committee. In addition we will honor several of our 2014 Metropolitan PGA Special Stuart Waack, Silvermine GC Awards winners at the close of the Fall Meeting including the following: Jeff Warne, The First Vice President Bridge (Teacher of the Year); Michael Shank, North Shore CC (Horton Smith Award); David Jones, Silver Spring CC John Kennedy, Westchester CC (Bill Strausbaugh Award); Nick Maselli, Old Oaks CC Second Vice President (Youth Player Development Award); Max Galloway, Mohansic (Player Development Award); Greg Bisconti, Saint Andrew’s GC (Patriot Award) and Merchandisers of the Year BOARD OF DIRECTORS Chris Kenney, The Patterson Club (Private Club) and Darren Stanek, Harbor Links Shawn Baker, Greens at Half Hollow (Public Course). Michael Breed, Michael Breed Golf Academy Mike Diffley, Pelham CC The Fall Forum will feature Randy Smith of Northern Texas who has the distinct Dave Fusco, Patriot Hills GC background of working with many outstanding players (Justin Leonard, Gary Woodland, Robert Gick, Sand Point GC Harrison Frazer, Colt Knost, John Rollins, Ryan Palmer and Martin Flores) as well as Jamie Kilmer, Wheatley Hills GC being a club and teaching professional to his members at Royal Oaks. -
Popular Measurement 1
Objective Analysis Of Golf Patrick Fisher, M.A. With the emphasis on who is truly but he finished regulation play in a tie the best increasingly debated, outcomes with Mike Donald. Irwin won in a sub- measurement has finally made its way sequent sudden-death playoff, after fin- to sports performance. Many potential ishing in another tie following an 18- applications of outcomes analysis are hole playoff round. available: baseball players, college sports Table 2 shows the days in order of polls, competitive figure skating, and difficulty to achieve a good score from almost anything related to sports that the hardest, Sunday, to the easiest, Fri currently is evaluated. Some ofthe more day. In theory, the difficulty order of the complicated problems may take years of days would be Sunday, then Saturday, research to arrive at a complete answer, Friday, and Thursday as the easiest. Sun- while others, much less difficult, can be day should be the most difficult day be- analyzed quite simply. cause psychological pressure is most in- Of all sports measurement prob- tense on' the final day of scoring, when lems, those presented by the game ofgolf tournament ends and the championship are probably the easiest to solve due to is decided. This analysis shows that its scoring method. This FACETS theory to be essentially correct. Thurs- analysis is ofthe hole-by-hole scoring of day and Friday were misordered, but only the 1990 United States Open at Medinah Country Club, slightly, as their mea- Table 2 - Day Measurement Report --------------------------- Medinah, IL in August, as reported by the United States Golf sures were only .03 I Measure Error I DAY / Association (USGA) . -
119Th U.S. OPEN NOTEBOOK and STORY IDEAS June 13-16, 2019 Pebble Beach (Calif.) Golf Links
119th U.S. OPEN NOTEBOOK AND STORY IDEAS June 13-16, 2019 Pebble Beach (Calif.) Golf Links mediacenter.usga.org | usopen.com | @usga_pr (media Twitter) | @usopengolf (Twitter and Instagram) | USOPEN (Facebook) | #USOpen iOS and Android mobile app: U.S. Open Golf Championship WHO’S HERE: Among the 156 golfers in the 2019 U.S. Open, there are: U.S. Open champions (12): Ernie Els (1994, ’97), Jim Furyk (2003), Lucas Glover (2009), Dustin Johnson (2016), Martin Kaymer (2014), Brooks Koepka (2017, ’18), Graeme McDowell (2010), Rory McIlroy (2011), Justin Rose (2013), Webb Simpson (2012), Jordan Spieth (2015) and Tiger Woods (2000, ’02, ’08). U.S. Open runners-up (13): Jason Day (2011, ’13), Ernie Els (2000), Tommy Fleetwood (2018), Rickie Fowler (2014), Jim Furyk (2006, ’07, ’16), Dustin Johnson (2015), Shane Lowry (2016), Hideki Matsuyama (2017), Graeme McDowell (2012), Phil Mickelson (1999, 2002, ’04, ’06, ’09, ’13), Louis Oosthuizen (2015), Scott Piercy (2016) and Tiger Woods (2005, ’07). U.S. Amateur champions (7): Byeong Hun An (2009), Bryson DeChambeau (2015), Matthew Fitzpatrick (2013), Viktor Hovland (2018), Matt Kuchar (1997), Phil Mickelson (1990) and Tiger Woods (1994, ’95, ’96). U.S. Amateur runners-up (3): Devon Bling (2018), Luke List (2004) and Patrick Cantlay (2011). U.S. Junior Amateur champions (4): Jordan Spieth (2009, ’11), Scottie Scheffler (2013), Michael Thorbjornsen (2018) and Tiger Woods (1991, ’92, ’93). U.S. Junior Amateur runners-up (3): Aaron Baddeley (1998), Charles Howell III (1996) and Justin Thomas (2010). U.S. Senior Open champions (1): David Toms (2018). U.S. Senior Open runners-up (0): none. -
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. -
When You Think of Great Golf Destinations in the United States, San Diego Isn’T on the List, but It Should Be As the City Has It All
or a couple of years I’ve wanted to visit ‘America’s Finest City’ (according to Wikipedia), not because of the genius of Will Ferrell and his character Ron Burgundy in the movie Anchorman. That helped, but the urge came more from a conversation I had with Geoff Ogilvy, who said, “For a combination of golf and lifestyle, something for all the family to do, there’s nowhere like San Diego.” Ogilvy should know, he made it his home, and it’s also the birthplace of Hall of Famer Phil Mickelson. So much about San Diego feels like Sydney. It’s got a great climate, beautiful harbour and beaches plus a world-famous zoo. Tick, tick and tick, and the gum trees were transplanted from the Australian bush. I was there the week after Mickelson won the Open Championship and he was back in town sharing the Claret Jug with family and friends. Despite visiting the Callaway Performance Centre plus two of the golf clubs he plays at, we kept just missing “the Champion Golfer of the Year” by a day or two, but that’s as bad as our luck got, the rest was brilliant. WHEN YOU THINK OF GREAT GOLF DESTINATIONS IN THE UNITED STATES, SAN DIEGO ISN’T ON THE LIST, BUT IT SHOULD BE AS THE CITY HAS IT ALL. THE WEATHER IS NEAR-PERFECT, ITS TOPOGRAPHY IS IDEAL AND THERE’S AN ABUNDANCE OF QUALITY COURSES. GETTYIMAGES WORDS: LUKE ELVY PHOTO: 114 NOVEMBER 2013 | golf australia golf australia | NOVEMBER 2013 115 LEFT: Tiger Woods’ amazing victory in the 2008 US Open LEFT & BELOW: Torrey Pines, as a regular PGA Tour stop and host of the 2008 US Open, is really put Torrey Pines arguably the most famous course in the San Diego area. -
Pre Tournament Notes
2021 The Genesis Invitational Pre-Tournament Notes On-site PGA TOUR media contact: Mark Williams, 904-655-5380, [email protected] Dates: February 15-21, 2021 Where: Pacific Palisades, California Course: The Riviera Country Club Par/Yards: 35-36—71/7,322 Field: 121 Defending champion: Adam Scott Purse: $9,300,000/$1,674,000 FedExCup points: 550 to the winner Format: 72-hole stroke play Things to Know • The Genesis Invitational is one of three tournaments on the PGA TOUR schedule with elevated status, along with the Memorial Tournament presented by Nationwide and Arnold Palmer Invitational presented by Mastercard • Elevated events each offer a larger purse ($9.3 million), a three-year PGA TOUR exemption for the winner, and new in 2021, 550 FedExCup points to the winner • Reigning FedExCup champion and World No. 1 Dustin Johnson has nine top-10s in 13 starts at The Genesis Invitational, including a win in 2017 and two runner-up finishes • Long Beach, California, native and former UCLA player Patrick Cantlay took over the lead in the FedExCup standings after a T3 at last week’s AT&T Pebble Beach Pro-Am • Adam Scott seeks to become first player to successfully defend title at The Genesis Invitational since Phil Mickelson in 2009 • Eight of the top 10 in the Official World Golf Ranking are in the field, tied for the most in any non-major during the 2020-21 PGA TOUR Season Field Notes • 24 of the top 30 in the FedExCup standings, led by No. 1 Patrick Cantlay, No. 2 Xander Schauffele and No. -
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. -
Pre-Tournament Notes
On-site PGA TOUR media contact: Mark Williams, Communications Director (904) 655-5380 | [email protected] 2019 Barracuda Championship Pre-Tournament Notes Dates: July 22-28, 2019 Where: Reno, Nevada Course: Montreux Golf & Country Club Par/Yards: 36-36—72/7,472 yards Field: 132 2018 champion: Andrew Putnam Purse: $3,500,000/$630,000 (winner) FedExCup: 300 points to the winner Format: 72-hole Modified Stableford Things to Know • Tournament is 21 st consecutive at Montreux G&CC, a Jack Nicklaus Signature course in the foothills of the Sierra Nevada mountain range, 5,500 feet above sea level (second-highest course on TOUR behind Chapultepec GC) • List of past champions includes major champions Geoff Ogilvy and Gary Woodland • With two weeks (three events) remaining until the FedExCup Playoffs, all but three players ranked 126-135 in the FedExCup are in the field • Notable players in the field and currently outside the top 125 in the FedExCup standings include Bill Haas (137), Beau Hossler (140), Martin Kaymer (149), Sam Saunders (167) and Brendan Steele (169) • Sponsor exemptions include Special Temporary Member Collin Morikawa who has posted T2 and T4 in his last two starts • Longtime Barracuda Championship volunteer Henry ‘Skip’ Monge, the 2018 PGA TOUR Volunteer of the Year, passed away recently following a battle with cancer Notes on the field • Players in top 30 in the FedExCup standings: Ryan Palmer/No. 23 • FedExCup champions: Bill Haas (2011) • THE PLAYERS champions: Martin Kaymer (2014), David Duval (1999) • Major champions: Padraig Harrington (3), John Daly (2), Martin Kaymer (2), David Duval, Mike Weir, Y.E. -
The Grill Room
THE GRILL ROOM Breakfast: 7:30 - 10:30 am Par 3 Belgian Waffle 2 Eggs Any Style Traditional Style Belgian Waffle served with Choice of: Creamy Stone Ground Grits Butter & Maple Syrup Apple-Wood Smoked Bacon, Sausage Patties Apple-Wood Smoked Bacon, Sausage Patties or or Country Ham Country Ham Wheat Berry Toast, Sour Dough Toast or Biscuit Sides Oatmeal Par 4 Seasonally Available Sliced Fresh Fruit & Berries 3 Egg Omelet Sliced Tomatoes Ingredient Selection: Ham, Swiss, Cheddar, Steamed Broccoli Mushroom, Onion, Pepper, Tomato Whole Fruit Choice of: Creamy Stone Ground Grits Clif Bar Apple-Wood Smoked Bacon, Sausage Patties Clif Protein Bar or Country Ham Kind Bar Wheat Berry Toast, Sour Dough Toast or Biscuit Beverages Fresh Squeezed Orange Juice, Tomato Juice Breakfast Sandwich or V- 8 Juice Hot Breakfast Biscuits, Bread or Croissant 100% Arabica Whole Bean Decaffeinated & Make your own: Regular Coffee, Assorted Herbal Teas Egg, Cheese, Bacon, Sausage, Country Ham E ast Lake Golf Club is the home course of legendary golfer Bobby Jones and is the oldest golf course in the city of Atlanta. The Club is not only historic, but philanthropic as well. Proceeds from operations support the East Lake Foundation, now serving as a national model for holistic community redevelopment across the country through Purpose Built Communities. Over the years, the golf course has hosted many national and regional championships, including the 1950 U.S. Women’s Amateur, 1963 Ryder Cup, and 2001 U.S. Men’s Amateur. It is now the permanent home of the TOUR Championship by Coca-Cola, the culminating event of the PGA TOUR Playoffs for the FedEx Cup.