The PGA Tour is a non-profit organization and is managed by a Board of Directors headed by Ed Herlihy in his role as Chairman. Others on the board are Randall Stephenson, Mary Meeker, Jimmy Dunne and Mark Flaherty.

The PGA Tour is a $1.5 billion business, give or take a few million dollars. It not only reaps revenue from tournaments, Tournament Players Clubs, media rights and licensing but also has various investments. It has a huge financial benefactor in FedEx.

The fans. The PGA Tour is a $1.5-billion business that earns the majority of its revenue from five categories - tournament revenue ($660 million), domestic and international media rights ($634 million), Tournament Players Clubs ($142 million), corporate licensing ($65 million) and investments ($21 million).

Professional golfers are different since the PGA Tour categorizes golfers as independent contractors. Instead, they earn their money solely based on their performance and success. Many top golfers will make much more money from sponsorship and endorsement deals than their playing career earnings.

Do Golfers Get Paid For Missing The Cut? The simple answer to this question on most professional golf tours, including the PGA Tour and the DP World Tour, is no, they don't.

Key Background. The PGA Tour and LIV Golf agreed to merge in June, bringing an end to months of court battles between the old tour and the new upstart.

The PGA Tour is a $1.5-billion business that earns the majority of its revenue from five categories - tournament revenue ($660 million), domestic and international media rights ($634 million), Tournament Players Clubs ($142 million), corporate licensing ($65 million) and investments ($21 million).

It costs a minimum of $110,000 to compete for a year on the PGA Tour - $75,000 on the Nationwide - and there are no guaranteed paydays. Each week the worst-scoring half of the field is eliminated after the second day of the four-day tournament and earns nothing.

Yes, caddies still get paid even if their player misses the cut. Typically, caddies and their players agree on their base pay for the week. If a player does earn a check, caddies receive between 8-10%.

Yes, caddies still get paid even if their player misses the cut. Typically, caddies and their players agree on their base pay for the week. If a player does earn a check, caddies receive between 8-10%.

But even at that level, most pros will use a few balls per round. On the PGA Tour, change happens far more often. There's no limit to how many golf balls a player can carry in his or her bag, so long as they comply with the One Ball Rule, which dictates the same model and manufacturer.

54 LIV Golf (/lɪv/ LIV) is a professional golf tour. The name "LIV" refers to the Roman numerals for 54, the score if every hole on a par-72 course were birdied and the number of holes to be played at LIV events.