PGA Tour bumps prize money for next season

·1-min read

The PGA Tour has announced its schedule for the 2022-23 season, including total prize money that balloons to a record $US415 million ($A590m).

Further, the Tour will dole out an additional $US145 million ($A206m) in bonus money, including $US75 million ($A107m) for the FedExCup.

The announcement comes a week after the renegade LIV Golf Series announced a 14-event schedule that will award $US405 million ($A575m) in prize money in 2023.

"We've heard from our fans and the overwhelming sentiment was that they wanted more consequences for both the FedEx Cup regular season and the playoffs, and to further strengthen events that traditionally feature top players competing head-to-head," PGA Tour commissioner Jay Monahan said in a statement.

"We feel strongly we've accomplished all of these objectives and more, creating a cadence of compelling drama for every tournament throughout the season."

Dustin Johnson, Brooks Koepka and Phil Mickelson are among the big names who have defected from the PGA Tour to sign hugely lucrative deals with the Saudi-backed LIV Golf.

The PGA Tour's 44-event regular-season slate kicks off September 15 at the Fortinet Championship in Napa, California. It will conclude with the FedExCup playoffs, which will include just the top 70 players - down from 125 - for the first event, the St. Jude Championship.

Next season marks the last one that will span two calendar years. Beginning in 2024, the season will begin and end in the same calendar year.

With agencies.

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