Jimmy Dunne outlines plan for PGA Tour loyalists, LIV players who want back - ESPN

Golfers who remained loyal to the PGA Tour — but not those who left for the LIV Golf League — would receive equity shares in the new for-profit enterprise being formed by the PGA Tour, DP World Tour and Saudi Arabia's Public Investment Fund, Jimmy Dunne told ESPN on Friday.

Dunne, the PGA Tour policy board member who helped broker this week's stunning deal, said current tour members would receive equity in the new company based on a yet-to-be-determined formula. Several of the tour's top stars, including Hideki Matsuyama, Patrick Cantlay, Jon Rahm and Cameron Young, reportedly turned down guaranteed contracts worth as much as $100 million from LIV Golf League officials.

«The new [company] would grow, and the [current PGA Tour] players would get a piece of equity that would enhance and increase in value as time went on,» Dunne said. «There would have to be some kind of formulaic decision on how to do that. It would be a process to determine what would be a fair mechanism that would be really beneficial to our players.»

• Golfers who remained loyal to the PGA Tour would receive equity shares thru a yet-to-be-determined formula in the new for-profit enterprise formed this week between the PGA Tour, DP World Tour and PIP • The players who left for the LIV Golf League would not be able to participate in the new company's equity plan • PGA Tour commissioner Jay Monahan would have oversight of the LIV Golf League, giving him the authority to determine whether the breakaway circuit will continue beyond this season. Monahan will serve as CEO of the new, yet-to-be-named entity; PIF governor Yasir Al-Rumayyan will be chairman • If LIV folds, a committee that includes current PGA Tour members and administrators would determine