PGA Tour Commissioner’s 2024 Pay ‘Drops’ to $19 Million: Report
Summary
PGA Tour commissioner Jay Monahan's pay for 2024 is over $19.2 million, marking a decrease from 2023. His base salary is under $2 million, while cash, benefits, and deferred compensation make up the rest. The Tour faced financial shifts with the start of its for-profit arm, affecting revenue reports.Key Facts
- Jay Monahan earned over $19.2 million in 2024 as PGA Tour commissioner.
- This is a decrease from his $23 million earnings in 2023.
- His base salary is under $2 million; the rest comes from cash, benefits, and deferred compensation.
- Monahan's cash and benefits grew by more than $1.3 million compared to 2023.
- PGA Tour Enterprises, a new for-profit arm, changed financial reporting, dropping reported revenue to $760 million.
- The Tour's structure changes make year-to-year financial comparisons difficult.
- COO Ron Price earned $13.2 million in 2024, slightly more than in 2023.
- LIV Golf reported a $461.8 million deficit in 2024, with total losses exceeding $1.1 billion since 2021.
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