According to the PGA Tour, the FedEx Cup will return to a 36-event schedule in 2024, and the winner of the play-off will receive a record $25 million (£19.5 million) bonus.
The $18 million (£14 million) prize money for this year’s FedEx Cup champion has been increased to a bonus of $25 million.
The 30-player Tour Championship at East Lake in Atlanta, Georgia, following three playoff competitions, will decide the champion. 70 players will qualify for the playoffs as the season begins in January and ends in August.
The Public Investment Fund [PIF] of Saudi Arabia and the PGA Tour and DP World Tour unexpectedly merged in June. The framework of the deal with LIV Golf, which is supported by the PIF, is still up in the air.
Rory McIlroy of Northern Ireland made history in 2022 by becoming the first golfer to win the FedEx Cup three times thanks to a memorable final day at the Tour Championship on the PGA Tour.
The 2023 playoffs, which start on Thursday, have Jon Rahm in the lead, but Justin Thomas was heartbroken on the last hole of the Wyndham Championship, missing out on a berth by one stroke.
There will be eight “signature” tournaments with a small field during the 2024 season, which gets underway with The Sentry in Hawaii. These are three player-hosted invitationals with higher prize money and a 36-hole cut, The Genesis Invitational, Arnold Palmer Invitational, and Memorial.
There will be no cut for the remaining five tournaments: The Sentry, AT&T Pebble Beach Pro-Am, RBC Heritage, Wells Fargo Championship, and Travelers Championship.
The new schedule, according to PGA Tour Commissioner Jay Monahan, will provide viewers with the chance to see elite golfers compete against one another more frequently.