PGA Tour Champions players livid after losing pension fund amid league's growth: 'It's actually criminal'
The senior tour has been offering golfers some sort of pension plan since the mid-1980s.
PGA Tour Champions players are furious after the league announced it will eliminate the pension program for its seniors. Once receiving $10 million from the tour, the amount was reduced to $8 million last year before being phased out entirely. Billy Andrade, a four-time winner on the PGA Tour and a five-time winner on the Champions circuit, expressed his disappointment, stating that the money belonged to the players who helped build the Tour.
PGA Tour Champions president Miller Brady defended the decision, claiming the senior circuit is now financially self-sufficient and generating strong revenue. While acknowledging the players' concerns, Brady emphasized his focus on increasing prize money. Despite the loss, former champions like David Toms and Stewart Cink noted that the senior circuit offers a superior retirement option compared to other retirement plans.
Written by urgent.news from Yahoo Sports's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
