Sources - PGA Tour looks to revamp schedule, increase purses in response to LIV Golf threat

In response to the LIV Golf threat, the PGA Tour hopes to introduce a revamped schedule that will include increased purses worth at least $20 million in at least eight existing marquee events and three new events in a global golf series that will include no cuts, limited fields and purses of at least $25 million, sources told ESPN on Tuesday.

The details are still being finalized and are subject to change, the sources said, but the overhaul of the PGA Tour's schedule is expected to be approved for 2023, as LIV Golf continues to pluck former major champions and other players from the tour's roster of members.

PGA Tour members were told of the plans in a meeting at the Travelers Championship in Cromwell, Connecticut, on Tuesday morning. The tour's players advisory committee, which is scheduled to meet later Tuesday, and its policy board would still have to approve the changes.

The PGA Tour is also returning to a calendar-year schedule, instead of a wraparound schedule that is currently being used. Top players have complained of there being no true offseason. If they don't play in events in the fall at the start of the wraparound schedule, they're far behind in points when they return to action after Jan. 1.

The latest PGA Tour players to defect to the LIV Golf Invitational Series are four-time major champion Brooks Koepka and Abraham Ancer, who is ranked 20th in the Official World Golf Ranking. LIV Golf has now signed eight of the top 50 players in the world, including Phil Mickelson, Bryson DeChambeau, Patrick Reed and Dustin Johnson, to compete in its series, which has 48-man fields, no cuts and $25 million purses.

According to sources, the increased purses would include existing tournaments such as the Sentry Tournament