With the announcement of the 2022/23 DP World Tour schedule there is also news of a first on the Tour – an Earnings Assurance Programme
You would have thought with a record $144.2 m in prize money (Up $50m on this year) on offer in the 39 events, to be played in 26 countries in the up-coming new season that golfers plying their trade on the DP World Tour would not need assistance in earning what would seem a meagre $150,000.
However, if there should be a player who does struggle to bank $150,000 there will be access to a Tour-backed ‘assurance’ programme but whatever the Tour hands a player to make up the difference between what he earns and $150,000 he will have to pay it back.
DP World CEO Keith Pelley commented: “I have always believed that it is an incredible accomplishment for any professional golfer to simply gain their playing rights and this new initiative recognises and rewards that achievement.”
“Although we will never lose the magic of the meritocracy and purity of a performance-based structure, this now offers certainty of income to those players who have made it to the pinnacle of the professional game in Europe.”
Here are the main details of the programme
- All members from Category 1-17 will be guaranteed a minimum $150,000 payment if they compete in 15 or more event.
- At the end of the season, the programme will fund any gap between actual earnings and the $150,000 minimum (ie it is not $150,000 on top of their earnings)
- Rookies, Challenge Tour graduates and Qualifying School graduates can take up to $20,000 right away to fund long-haul early season travel. This is an advance against earnings
- Members in Categories 18-20 will not be eligible for this, but they will be eligible for a $1,500 pay-out if they miss the cut in an event, to assist with travel costs and other tournament-related expenses.
Leave a comment