{
  "id": 1757467,
  "title": "LIV Golf Cuts $30M in Prize Money From End of Season",
  "url": "https://urgent.news/2026/08/18/liv-golf-cuts-30m-in-prize-money-from-end-of-season",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-18T16:58:14.000Z",
  "source": {
    "name": "Front Office Sports",
    "slug": "front-office-sports",
    "url": "https://frontofficesports.com/liv-golf-cuts-30m-in-prize-money-from-end-of-season/"
  },
  "original_language": "en",
  "account": "LIV Golf has announced a $30 million reduction in prize money for its 2026 season following the cancellation of its Michigan finale. The final event of the season in Indianapolis will pay out a $10.1 million purse, down from the standard $20 million. The winner will receive $2.02 million, compared to the usual $4 million. The team competition in Indianapolis, which was originally scheduled to pay out $40.1 million, is now the season-ending event, paying out $30 million in total to the 13 franchises. This season, the team payouts at standard events were $10 million, primarily funding team operations. The Michigan event was meant to crown a season-long team champion with a $40.1 million prize pool. In total, LIV events in Indianapolis and Michigan were supposed to distribute $70.1 million in prize money, but the revised Indianapolis tournament is paying out $40.1 million. As a result, players and teams have lost out on $60.1 million in previously promised prize money, including the $30 million purse for the canceled June event in Louisiana. LIV will conclude its 2026 season with a total of $370.1 million in prize money paid out across 12 events. The league is in talks with BC Partners Credit for a new funding deal, but nothing is finalized yet. Two former LIV vendors have filed lawsuits for over $1 million in missed payments each, and other smaller contractors have claims of up to $100,000. Players competing in Indianapolis will still earn Official World Golf Rankings points, but the Michigan team championship, which would have awarded OWGR points, was deemed less attractive by players. The revised team championship format in Indianapolis will use the same stroke play format as the rest of the season, with payouts ranging from $8.4 million for first place to $360,000 for 13th. Bonus money for the season-long individual championship remains unchanged at $10 million.",
  "summary": "LIV’s events in Indianapolis and Michigan were supposed to pay out $70.1 million.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}