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PGA Tour Announces Championship Series Additions, Woods Money Record Looms

The PGA Tour revealed new title sponsor Sompo for a 2028 event and confirmed the Travelers Championship will join the Championship Series, while Rory McIlroy closes in on Tiger Woods' all-time earnings record.

Pierce Quill

July 28, 20263 min read

golf business - illustration, Jake Team LLC
golf business - illustration, Jake Team LLC

The PGA Tour has begun populating its 2028 schedule with two significant announcements regarding its new Championship Series structure. One of these developments came as a surprise to many observers.

Sompo, a multinational insurance holding and financial group affiliated with Japan-based Sompo Holdings, will serve as the title sponsor for one of the premier events in the 2028 lineup. This event is scheduled to feature $20 million purses and attract the top tier of players on the tour.

The inaugural tournament under this sponsorship will take place next year at Silverado Resort in Napa, California. The venue is familiar to golf fans, as Scottie Scheffler claimed victory there during the 19th and final edition of a fall event in 2025. However, the location for the 2028 Championship Series event remains undetermined.

The tour has expressed interest in establishing a presence in larger markets where it currently lacks a regular tournament, including Denver, Philadelphia, Seattle, San Francisco, and New York.

James Shea, CEO of Bermuda-based Sompo Property & Casualty, described the partnership as a major opportunity to expand global brand awareness and showcase the company's strength to customers and communities worldwide. The specific name for the 2027 tournament, scheduled for July 29 through Aug. 1, is also still to be announced.

In a move that was widely anticipated, the PGA Tour confirmed that the Travelers Championship outside Hartford, Connecticut, will also be part of the Championship Series. The event has been one of the highest-performing tournaments since the FedEx Cup era began in 2007 and has offered $20 million in prize funds since 2023.

PGA Tour CEO Brian Rolapp introduced the concept of the Championship and Challenger series at the Travelers Championship, stating that the event meets all metrics the tour looks for in a Championship Series event. He noted it has been extremely successful by every measure.

Meanwhile, the race to surpass Tiger Woods on the PGA Tour career money list is intensifying. Woods reached the top of the list after finishing as runner-up at Torrey Pines on Feb. 13, 2000, and has held the position ever since. His last check for finishing last at the 2024 Masters pushed his career earnings to $120,999,166.

Rory McIlroy is now second on the list with $116,446,772. Scottie Scheffler follows closely behind with $116,364,411 after his runner-up finish in the 3M Open. Both players are just over $4 million away from Woods' total as they enter the FedEx Cup postseason, which includes $20 million purses at two playoff events and the Tour Championship with its $40 million bonus pool.

In other news, former U.S. Army captain Marcus Plunkett has qualified for his first major at The Open and made the cut. He subsequently tied for second at a U.S. qualifying tournament for the PGA Tour of Australasia at Kinderlou Forest Golf Club near Valdosta, Georgia, earning his card for the 2026-27 season.

Plunkett, who spent five years in the Army after graduating from West Point, said he is excited to visit Australia despite never having been there. He currently holds Asian Tour status and is evaluating how to balance his schedule between the two tours.

PGA TOUR employs about 964 people in Nocatee, according to local government records.

Source: sports.yahoo.com.

Sources

https://sports.yahoo.com/articles/pga-tour-adding-tournaments-lucrative-183241726.html

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Pierce Quill

Pierce Quill reports on local business, new openings, and economic development in Nocatee.

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