PGA Tour commissioner Jay Monahan reportedly banked a huge multimillion dollar bonus despite a tumultuous year battling LIV Golf.
Jay Monahan was put on full blast by golf fans as tax filings revealed the PGA Tour commissioner was given a hefty bonus in 2022 despite legal fees swelling to $22m at the height of the circuit’s war with LIV Golf.
Sportico managed to obtain the nonprofit’s IRS filings for the North American circuit’s tax return for 2022.
The report broke down Monahan’s compensation, which included a base salary of $1.8m plus bonuses and incentives of $9.2m.
In total, the PGA Tour’s legal fees increased 10-fold from $2m in 2021 to $20.7m last year.
It was also revealed the Tour had increased revenue to $1.9bn in 2022, up from $1.59bn the year before.
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A handful of players filed an antitrust lawsuit against the PGA Tour in August 2022 after being banned for playing LIV Golf events.
Phil Mickelson was the plaintiff in chief and he was joined by as many as 10 players.
Every single player eventually withdrew from the litigation.
The PGA Tour subsequently countersued and were given the green light to subpoena LIV Golf’s financiers and their representatives.
That decision was going to be appealed by attorneys representing the PIF of Saudi Arabia.
At that point, it seemed we were currently toward the start of an extended fight in court seemingly forever.
With mounting lawful expenses, the PGA Visit declared the 6 June structure concurrence with the PIF and European-based DP World Visit.
The cutoff time for that consent to be confirmed is 31 December, despite the fact that it shows up logical discussions will go on into the new year.
Monahan himself has been at the receiving end of abuse from golf fans, pundits and even the PGA Tour membership since 6 June.
Such was the ferociousness of the backlash he received, he stepped away from his role for more than a month.
When he returned, he revealed he had issues with anxiety and his mental health but vowed to finish what he started.
In any case, there is no denying as of now his power has diminished essentially.
Tiger Woods has now joined the strategy board, giving the players more impact than anytime in the Visit’s set of experiences.
Responding to his astounding rewards, one X client expressed: “It’s really stunning that Jay actually has his work. As one individual he has caused the most harm to the PGA visit throughout the span of the last 4-5 years.”
One more added: “He really wants to leave.”
Monahan doesn’t address journalists consistently.
He goes to a news gathering every year at the Visit Title however other than that appearances are temporary.
In his latest meeting, he guaranteed the cutoff time for the concurrence with the PIF was still ‘a firm objective’.
He also revealed one of his biggest