Summary
The PGA Tour has added a ninth signature event, set to take place at Trump National Doral in Miami, Florida. Reports suggest Cadillac will be the title sponsor for this event, marking its return to the PGA Tour after 10 years.
Key Facts
- The new PGA Tour event will be held at Trump National Doral in Miami, Florida.
- Cadillac is expected to return as a sponsor after a 10-year break from the PGA Tour.
- The event's sponsorship value was estimated at about $30 million per year.
- Past Cadillac-sponsored events were held at the same location and featured winners like Tiger Woods and Phil Mickelson.
- Signature events on the PGA Tour typically have a prize purse of $20 million.
- Cadillac was previously the title sponsor from 2007 to 2016 for a related golf event at the same venue.
- The PGA Tour has secured new sponsors despite losing previous ones like Wells Fargo and Honda.
