In the past, when an independent board seat would come open, the board’s other independent directors would typically put forward a suggested nominee to fill the fifth seat. Stephenson had served on the tour’s board since 2012. On July 9, that board had a seat open when the former AT&T executive Stephenson resigned his position, saying he could not “objectively evaluate or in good conscience support” the deal. The tour’s controversial deal with the Saudi PIF will need to be approved by a 10-member policy board made up of five PGA Tour players and five independent board directors from the corporate world. Former tour player Jason Gore is being promoted to executive vice president and chief player officer.įilling Randall Stephenson’s open board seat.Colin Neville from Raine Group has been retained as a third-party adviser to the five player directors who serve on the tour’s Policy Board and the 16 players on the Player Advisory Council.A task force has been created to develop potential pathways back to the PGA Tour for LIV players who wish to reapply in the future.Player compensation tied to the creation of the tour’s new commercial business with the Saudi PIF will be “financially significant in total and incremental to our planned compensation package.”.The tour will not support the proposed Model Local Rule (MLR) presented by the USGA and R&A that would give tournament organizers the option to require use of golf balls tested under modified launch conditions to dial back the distance of the golf ball.Tour players Patrick Cantlay and Webb Simpson will team with PGA Tour Policy Board members Mark Flaherty and Mary Meeker to form a search committee to fill the vacant board seat left by Randall Stephenson, who recently resigned over concerns with the tour’s deal with the Saudis.Monahan says negotiations toward potential finalization (he uses the term “Definitive Agreement” in the memo) with the PIF and DP World Tour are “complicated and time intensive.”.Monahan is expected to sit with players in-person in two weeks in Memphis in what will be a crucial meeting in getting the membership on board with the deal. The memo, obtained by The Athletic, covered a variety of issues facing the tour, though reams of details regarding the tour’s deal with the PIF still need clarity.
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