Nationwide event cuts purse by $400K

BRIDGEPORT, W.Va. — One of the Nationwide Tour’s top events slashed its purse nearly in half Friday because of a lack of sponsorships.

Next week’s Players Cup at Pete Dye Golf Course will award $600,000 in prize money, down from $1 million, following a trend in professional golf this season.

The LPGA Tour has seen events canceled, while last week’s St. Jude Classic on …Read More >>

LPGA Tour, Golf Channel agree to 10-year deal

KAHUKU, Hawaii — The LPGA Tour announced a 10-year agreement with Golf Channel on Wednesday, making the network the tour’s exclusive cable home beginning in 2010.

The agreement, which LPGA commissioner Carolyn Bivens called “groundbreaking,” establishes the tour as the only stand-alone U.S. women’s professional sports organization to receive a rights fee agreement for domestic broadcast coverage. Financial details of the agreement were not disclosed.

Bivens said the fee was important, but the driving forces were finding a consistent home on TV and a partner to grow with.

“It’s very difficult for our core, ardent fans to find the LPGA,” she said. “We’re between a couple of cable networks and between several broadcast networks, and by the time you also weigh in some of the off weeks, opposite the Masters and PGA playoffs, it’s very difficult for even our best fans to find out where we are.” Continue reading “LPGA Tour, Golf Channel agree to 10-year deal”