The PGA Tour’s lucrative sponsorship extension announced this week with FedEx will apparently come with a costly stipulation for those who sign endorsement deals with competing delivery companies — the inability to compete in the FedEx Cup playoffs.
PGA Tour commissioner Jay Monahan said the 10-year extension of FedEx’s umbrella sponsorship that begins next year would have some new provisions that “protect each other on a long-term basis.” Golf Channel first reported that endorsement deals with FedEx competitors would preclude a player from competing in the lucrative playoff series that concludes with the winner receiving a $10 million bonus.
FedEx is continuing its sponsorship of the PGA Tour’s season-long championship, as tour commissioner Jay Monahan announced an extension that runs through 2026-27.
Agent Chubby Chandler of International Sports Marketing said such a provision was unclear in his dealings with the tour. Chandler represents Louis Oosthuizen and Lee Westwood, both of whom have deals with FedEx competitor UPS and wear the branding on their shirts. According to Chandler, those players would be exempt from the new rule due to their pre-existing contracts.