Players & PGA Championships To Offer $10 Million Purses

By Jon Ackerman
Wednesday November 6th, 2013 4:03 pm EST

Getty Images

The PGA Championship has long been thought of as the "forgotten major," in part because it's the fourth and final one of the season and partly because it has yet to achieve the history that the Masters, U.S. Open and Open Championship can boast.

The Players Championship, meanwhile, has long been referred to as the "fifth major," in part because it attracts arguably the deepest field of any tournament, which is a result the event offering the largest purse in golf.

Starting in 2014, the PGA Championship and the Players Championship will feature matching $10 million purses, sharing the distinction of golf's richest tournament. It marks a $2 million raise for the PGA Championship, and a $500,000 increase for the Players Championship.

PGA Tour Commissioner Tim Finchem and PGA of America President Ted Bishop made the announcement Wednesday afternoon at a press conference in Sea Island, Ga., ahead of the McGladrey Classic PGA Tour event this weekend. It came as a result of both groups wanting to expand their collaborative efforts to benefit members of both organizations and help grow the game.

The defending Players champion, Tiger Woods, collected $1.71 million for his victory in May, while last season's PGA Championship victor, Jason Dufner, walked with $1.445 million. Winners of those events now will take in $1.8 million. While all four majors offered $8 million purses in 2013, the PGA paid its winner the most ($1.445 million compared to $1.440 for the Masters and U.S. Open, and nearly $1.443 for the Open Championship).

Among other initiatives discussed, the PGA of America will air public service announcements during PGA Tour, Champions Tour and Web.com Tour telecasts, and receive exposure on PGATour.com and on Sirius/XM Radio's PGA Tour channel. Also, there will be an increased presence of PGA club professionals at select PGA Tour events.

The moves mark a step in a positive direction for the PGA of America and PGA Tour, which went separate ways in 1969, when tournament players thought the PGA of America put a larger emphasis on the club professional business.

Related Links: More on Tiger Woods | More on Jason Dufner

Other Hot Links:
TV Preview: Back9Network Original Programming
- Lindsey Vonn: Tiger Woods is 'Dorky-Goofy'
- Jason & Amanda Dufner Sure Love Football

Bleacher Report

More in What's Hot

Hawaiians Dip Golf Clubs In Lava, Get Arrested

Hawaiians Dip Golf Clubs In Lava, Get Arrested

Driving Range: Car Gets Pelted At TopGolf in Houston

Driving Range: Car Gets Pelted At TopGolf in Houston

The Fringe: Gary Player Could Fix Tiger's Swing In One Hour

The Fringe: Gary Player Could Fix Tiger's Swing In One Hour

This Double Putt Is Another Short Putt Made Hard

This Double Putt Is Another Short Putt Made Hard

Video: 'It's Anyone's Game' Inspires Everyone To Play Golf

Video: 'It's Anyone's Game' Inspires Everyone To Play Golf

The Fringe: World's Most Interesting Workout & Player Pumpkins

The Fringe: World's Most Interesting Workout & Player Pumpkins

The Fringe: This Poulter Pumpkin Is Terrifying, Phil The Pitchman & More

The Fringe: This Poulter Pumpkin Is Terrifying, Phil The Pitchman & More

GlowPros: Dude Perfect Trick Shot Video Is Kinda Creepy, Yet Impressive

GlowPros: Dude Perfect Trick Shot Video Is Kinda Creepy, Yet Impressive

The Fringe: Bishop Speaks Out, Day Family Saves The Day & More

The Fringe: Bishop Speaks Out, Day Family Saves The Day & More

Basketball + Golf = Greatest Trick Shot Video Ever?

Basketball + Golf = Greatest Trick Shot Video Ever?