19th Hole
Phil Mickelson and the PGA Tour respond to Tiger’s ‘enormous loan’ claim
During Phil Mickelson’s now infamous conversation with Alan Shipnuck, “Lefty” implied that the PGA Tour was holding out on it’s players and had more money to give.
“They are sitting on hundreds of millions of dollars’ worth of digital content we could be using for our social media feeds. The players need to own all of that. We played those shots, we created those moments, we should be the ones to profit. The Tour doesn’t need that money. They are already sitting on an $800 million cash stockpile. How do you think they’re funding the PIP? Or investing $200 million in the European Tour? The Tour is supposed to be a nonprofit that distributes money to charity. How the f**k is it legal for them to have that much cash on hand? The answer is, it’s not. But they always want more and more. They have to control everything. Their ego won’t allow them to make the concessions they need to.”
In the meantime, the PGA Tour’s purses and prize money have skyrocketed. The Player Impact Program was increased to $100 million this season. The Sentry Tournament of Champions (January 2-8) will have a purse of $15 million, up from $8.2 million in 2022. The Genesis Invitational (February 13-19), the Arnold Palmer Invitational (February 27-March 5) and the Memorial Tournament will see purses increase from $12 million to $20 million.
Yesterday, Tiger Woods touched on numerous topics while speaking with the media during his press conference prior to hosting this week’s Hero World Challenge.
At one point during the riveting interview, Woods was asked about Phil Mickelson’s previous comments, and if all of the money being added to the prize pool and extra bonus money is proof that he was right all along.
Tiger was quick to shut it down, saying that the Tour had to take out loans during the COVID-19 pandemic.
“No, absolutely not, no,” he said. “We took out an enormous loan during the pandemic in which that, if we had another year of the pandemic, our Tour would only be sustained for another year. So we took out an enormous loan. It worked, it paid off in our benefit, hence we were able to use that money to make the increases that we’ve made.”
Bob Harig of Sports Illustrated spoke with the Tour about Tiger’s comments, who clarified that the money was not a loan, but in fact reserves and “mitigating actions”.
The PGA Tour clarified today that it did not take out a loan to deal with the pandemic in 2020 as Tiger said during his news conference.. . The Tour used reserves and "mitigating actions'' and would have seen a significant reduction in reserves w/o a return to golf in June 2020
— Bob Harig (@BobHarig) November 29, 2022
The Tour also clarified that Tiger might have been referencing the fact that reserves would have dipped below $100m without a return to golf in 2020.
— Bob Harig (@BobHarig) November 29, 2022
Mickelson then took to Twitter to add more context to the situation.
Pga tour IRS 990 form from 2018
1.6 billion in stocks
700 million in cash
1.15 billion in non liquid assets.
This is from the non profit section. The for profit section hasn’t been stated since 2012 but was more than the non profit part at that time.
This can all be googled— Phil Mickelson (@PhilMickelson) November 29, 2022
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19th Hole
“Is it a Titleist?” – Jerry Seinfeld shares never-before-heard details of iconic scene
On Thursday, legendary comedian Jerry Seinfeld joined the Rich Eisen Show and shared an awesome story from a “Seinfeld” episode titled “The Marine Biologist.”
In the episode, a golf ball goes into the blow hole of a whale. According to Seinfeld, that was never in the episode’s script.
Seinfeld recalls saying the night before the filming of the episode, “What if what puts the whale in distress is Kramer’s golf ball?”
“He’s hitting golf balls at the beach. George is at the beach with a girl, we haven’t connected them!”
“We write that speech the night before at two o’clock in the morning…The sea was angry that day my friend.”
View this post on Instagram
Kramer finishes the iconic scene by asking “Is it a Titleist?” Seinfeld told Eisen the show sought Titleist’s permission to mention its name, saying the ball had to be a Titleist. Fortunately for lovers of the iconic show, the company agreed.
If (somehow) you’re unfamiliar with the scene, check it out below.
More from the 19th Hole
- Phil Mickelson drops big retirement hint; Says LIV will grow the game “on a much more global basis”
- 2-time major champ announces shock retirement from the sport at age of 33
- Tiger explains why golf has “negative connotations” for daughter Sam
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19th Hole
Phil Mickelson drops big retirement hint; Says LIV will grow the game ‘on a much more global basis’
While speaking with Bloomberg, golf legend Phil Mickelson acknowledged that he is inching close towards retirement.
“I’m 53 now,” Phil said, “and my career, you know, it’s — if I’m being truthful, it’s on — it’s — it’s — I’m a — it’s towards its end.”
Mickelson added that one of his focuses now is helping other young players.
“Now, I would like to help others find the same enjoyment and fulfillment that the game has provided me. I’d like them to experience that as well.”
The six-time major champion credited LIV with reaching new markets in golf to help it grow.
“I think that’s exciting for everyone involved in the game because we are going to reach markets that we didn’t reach before. I think it’s going to inspire more golf courses, inspire more manufacturers selling clubs and equipment, but also inspiring young kids to try to play golf professionally. I just see that the game of golf is going to grow on a much more global basis because of the excitement and the presence that LIV Golf has.”
Mickelson is playing at this week’s LIV Singapore and shot a first round 72 (+1).
More from the 19th Hole
- The wild reason why Mark Wahlberg was initially denied entry to an Australian golf club
- 2-time major champ announces shock retirement from the sport at age of 33
- Edoardo Molinari reveals the latest PGA Tour golfer to turn down ‘good offer’ from LIV Golf
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19th Hole
Tiger explains why golf has ‘negative connotations’ for daughter Sam
While Tiger Woods’ son, Charlie, has certainly inherited his father’s love for golf, his daughter, Sam, has not.
On Wednesday, Tiger made an appearance on The Today Show with Carson Daly and explained his daughter’s relationship with golf.
“Golf has negative connotations for her. When she was growing up, golf took daddy away from her. I had to pack, I had to leave, and I was gone for weeks. So, there were negative connotations to it.
“We developed our own relationship and our own rapport outside of golf. We do things that doesn’t involve golf. Meanwhile, my son and I, everything we do is golf related.”
The nine-minute interview touches on plenty of other subjects, such as Tiger’s relationship with his late father, Earl.
It’s arguably the most open we’ve seen the 15-time major champion in an interview and is most definitely worth watching.
Tiger Woods sits down with Carson Daly to talk about golf, growing up in Southern California, his father and his new apparel line, Sun Day Red. pic.twitter.com/2TFbSNxzxq
— TODAY (@TODAYshow) May 1, 2024
More from the 19th Hole
- The wild reason why Mark Wahlberg was initially denied entry to an Australian golf club
- 2-time major champ announces shock retirement from the sport at age of 33
- Edoardo Molinari reveals the latest PGA Tour golfer to turn down ‘good offer’ from LIV Golf
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