Speaking ahead of his tour’s flagship event, the Players Championship, there were two things of substance from his remarks, and those comments were notable in who and what they addressed.
In a performance that was alternately confident and cautious, PGA Tour commissioner Jay Monahan spoke in front of the gathered media for the first time since last August at the Tour Championship.
Jordan Spieth, a member of the PGA Tour Policy Board that approved the agreement with SSG, flatly said on Wednesday (US time) at Pebble Beach Golf Links, “I don’t think that it’s needed,” referring to a deal with PIF.
Players will receive equity into PGA Tour Enterprises; these grants, made over time, will be based on playing accomplishments, future participation and tour status.
Monahan couldn’t provide many concrete details to the ongoing discussions with PIF’s proposed investment in what is called the “NewCo” but is confident that an agreement can be reached by year’s end.