Expand / Collapse search
Watch TV
Menu

This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

Sports

PGA Tour gets FedEx renewal through 2017

Associated Press
Published | Updated

MARANA, Ariz. – The PGA Tour is keeping the FedEx Cup for at least five more years with a significant sponsorship renewal.

Commissioner Tim Finchem announced Wednesday that FedEx has extended its umbrella sponsorship through 2017. That's the final piece of sponsorship renewal that the tour navigated through a troubling economic climate.

Finchem already has kept the PGA Tour fully sponsored — only Tampa, Fla., is missing a title sponsor — along with extending the television agreement through 2021. Now it can keep its FedEx Cup, which culminates with four big events and a $10 million bonus for the winner.

Finchem did not get into financial details, though he says there will be "some growth" during the next five years. The FedEx Cup offers a total bonus pool of $35 million.