PGA Tour Increases Prize Money to Record $415M for 44-Tournament 2022-23 Schedule

The 2022-23 season will feature increased prize money as the tour tries to compete with the growing LIV Golf series.

A record $415 million in prize money and $145 million in bonuses are included in the schedule. Prize money for the FedEx Cup playoffs will be $75 million.

Rex Hoggard @RexHoggardGC

The PGA Tour announces 2022-23 schedule with 47 events and dramatically increased purses. pic.twitter.com/9oz8cXWzM5

The changes came after several notable golf players left the PGA Tour to join LIV Golf. The new organization is backed by the Saudi Arabia Public Investment Fund.

Stenson added $375,000 from his team's second-place finish in order to earn $4 million for his win at the golf tournament.

Tony was the winner of the Rocket Mortgage Classic and took home over a million dollars.

There is guaranteed money with three-round tournaments and no cuts at LIV Golf. There will be limited fields and no cuts in the new international series that will start in the fall of 2023.

The FedEx Cup championship won't start until January due to the PGA Tour moving back to a calendar year schedule. The last season with a wraparound schedule will be in 2022-23.

The changes were explained in a statement by the commissioner.

Fans want more consequences for both the FedEx Cup regular season and the playoffs and to strengthen events that feature top players competing head-to-head. We feel very confident that we have accomplished all of the objectives and created compelling drama for every tournament.

The changes were reported in June after the Travelers Championship.

Despite several high-profile departures from the PGA Tour, most of the top players in the world are still with the organization and are scheduled to compete in the upcoming FedEx Cup playoffs.