NEW YORK: The Korn Ferry Tour will see significant increases in its purses over the next two seasons with all tournaments featuring a purse of at least $1 million by the 2023 season.
The purse increases were originally slated for the 2021 season after being approved by the Policy Board in March of 2020 but were delayed a year due to expenses caused by the COVID-19 pandemic, including testing and health and safety implementation.
“The Korn Ferry Tour continues to play a massive role in delivering a pipeline of future stars to the PGA TOUR on a consistent basis,” said Korn Ferry Tour president Alex Baldwin. “Today’s announcement is another step in ensuring the Tour will continue to attract the best young talent while providing higher-quality playing opportunities for the entire membership.”
The increases come across the board over the 2022 and 2023 seasons, with set minimums for regular season events, the regular season finale, and the three-event Korn Ferry Tour Finals.
Korn Ferry Tour regular season purses will increase by 66.7 percent from 2021 to 2023, rising by $150,000 to a minimum of $750,000 in 2022 before hitting the $1 million minimum in 2023.
“It shows the PGA Tour’s commitment to the Korn Ferry Tour,” said Korn Ferry Tour player advisory council chairman Scott Langley. “The game has always been a meritocracy, but it’s nice to see that that good play will be rewarded a little bit more over the course of a season.”
Overview of Korn Ferry Tour Purse Increases for 2022, 2023:
2021 2022 2023
Min. for Korn Ferry Tour Regular Season Events $600,000 $750,000 $1,000,000
Korn Ferry Tour Regular Season Finale (one event) $750,000 $850,000 $1,250,000
Korn Ferry Tour Finals (three events) $1,000,000 $1,000,000 $1,500,000
