LIV Golf is set to embark on its new season with a series of significant financial reconfigurations, impacting both individual player bonuses and team prize money. These strategic adjustments, announced ahead of the season's launch in Riyadh, include a notable reduction in the season-long individual bonus while simultaneously bolstering team purses at each tournament. The goal is to cultivate a more robust team-centric competitive environment and secure the long-term viability of the league's franchises.
A major revision sees the coveted season-ending individual bonus, previously a staggering $18 million, drastically scaled back to $6 million for the top performer. Second place will now receive $3 million, and third place, $1 million. This shift reflects a move away from a singular, massive year-end premium towards a more distributed reward system, with an increased emphasis on team performance throughout the season.
Complementing this change, LIV Golf is substantially increasing the prize money allocated to teams at each event. The overall weekly pot for teams is doubling from $5 million to $10 million, elevating the total event purse from $25 million to $30 million. While the top two team payouts remain consistent at $3 million for first and $1.5 million for second, the third-place prize is adjusting to $500,000. Furthermore, all 13 participating teams will now receive a share of the winnings, with fourth place earning $700,000, fifth place $650,000, and even the 13th-place team securing a respectable $200,000.
Additionally, a new per-event prize of $2.3 million will be distributed among the top three teams at each tournament. The leading team will receive $1 million, with their captain having the discretion to allocate this sum among the players as they deem fit. This initiative further underscores LIV Golf's commitment to strengthening team dynamics and rewarding collective success.
LIV Golf articulated these changes as a natural progression in its evolution, aiming to blend its unique fan-first experience with heightened competitive integrity. These financial recalibrations, totaling an impressive $470 million for individual and team achievements, are designed to ensure continued investment in the lasting value of both teams and players as the new season commences.