The FedExCup Problem: It's Not the Points, It's the Money
For all of the groaning about the FedExCup points system that delights Tim Finchem (no, really), the real problem with the format isn't that getting it requires a statistical analysis software package (which I have now). The issue with the FedExCup is the money. It is the $65 million that is doled out over four tournaments.
By virtue of winning another $10 million in FedExCup bonus money, Tiger Woods is closer to becoming a billionaire than ever. The $20 million-plus he has earned in three Playoffs is a little more than 20% of his career PGA Tour winnings of $92,862,539. It is 2% of his total career earnings, being a billionaire and all.
When asked earlier in the week if a putt for the $11.35 million combined for winning the FedExCup and Tour Championship, Woods said he would be unfazed by such a putt.
"I kind of get into the moment of playing and I get into my own little world and my own little zone," Wood said. "I think that's just how I've always played."
In other words, a putt for another $11.35 million means another yacht - not a life-changing sum of money.
The same is true for Tour Championship winner Phil Mickelson. He now has some $56 million in on-course earnings, excluding the $3 million that he picked up on Sunday for finishing in second place in the FedExCup.
While Mickelson's net worth pales in comparison to Woods', it is no secret that Mickelson has plenty of cash and is willing to spend it. He is even prepared to pay off spectators that he might graze with an errant drive. The guy is swimming in money.
The lack of emotion we saw from both on Sunday despite their achievements was not directly correlated to the insensitivity to that kind of money, though.
This year has been very trying for Phil Mickelson given the circumstances surrounding his wife's and mother's health. A win in some golf tournament may be great for his confidence, but this was a four day break before resuming the journey of surviving cancer.
For Woods, he measures his achievements in simple terms. Win major championships. Best Sam Snead's PGA Tour win record. That's about it. Money isn't a motivator. Not only does he have a billion George Washingtons, but history does not measure greatness in this sport by dollars.
Meanwhile, the $7.5 million purse for four straight events are great for the rank-and-file on Tour. Only the WGCs, Players Championship, and the Open Championship offer a larger purse.
For a guy like Heath Slocum, a win in one of these events is life changing. He won $1.35 million for his Barclays triumph. The win positioned him squarely into the top 30 in the FedExCup, earning him spots in all four majors in 2010. Slocum has never had that kind of assurance.
Marc Leishman got hot at the right time. By finagling his way into East Lake, he assured himself of a Tour card for next year and a spot in all of the majors. Curiously enough, Leishman is notched at 41st on the Tour's money list. In the era before the FedExCup, Leishman would be playing these fall events for a better shot at the invitational events next year. Yee-haw. The Playoffs worked out great for the Australian. And his reputation was buoyed by compliments from the world number one about his skill and mettle.
Even the world's second ranked player, Steve Stricker, let the fleeting thought of $10 million get in his head on 16 tee on Sunday. He was one of few players to figure out the points scenarios in advance of the final round. That kind of money is transformational to him and his family.
The FedExCup is both too young of a concept and too conceptual in its nature to have real sentimental value for the players competing in it. Likewise, the Players Championship, the Tour's flagship event, is still defining its niche in terms of importance beyond being the richest single purse on Tour. While not a major, the players clearly have some non-monetary motivation to take down Sawgrass.
If an achievement lacks historical significance, then sometimes the motivation comes from being the first. That was clearly absent from the FedExCup's first, second, and third. If it lacks prestige, then money can be the second best motivator. But, when the FedExCup's two champions are one and two on the career Tour money list, money is not much of a driver.
Even after all of the accolades, Woods, Singh, Mickelson, and the like still get nervous when they are in contention. All have said that if they ever stop, then they'll quit golf. So, no matter how much money is thrown their way, the best players are still somewhat driven by the thrill of winning. That's great for golf, but bad for the FedExCup. That means that winning the Tour Championship is not much different than winning the FedExCup - even with the multi-million dollar carrot...or carat.
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You have to remember the FedEx
was devised when the economy was at a peak and money was not an issue with sponsors or fans. They wanted to put up an eye-popping dollar amount to get everybody’s attention.
I think the main stream media and us golf bloggers should just shut up and blank the word “FedEx” out of our brain. Then, look at tournaments played after the PGA Championship in years up to 2007 and then look at the tournament play we have been blessed to watch for four out of the past five weeks. Forget the cup, forget the big cash and everything else and concentrate on four great Sundays of golf we just witnessed.
Tweak the series if you wish, Tim, but do NOT give us back the old September schedule.
...from the land of pleasant living, Baltimore.
by One-Eyed Golfer Guy on Sep 29, 2009 4:16 AM EDT reply actions
so...how is money the problem ?
I didn’t see a case for money being the problem with the FEC. Money is the enticement for these guys to keep playing after the PGA. Tiger plays for majors. Phil plays for corporate endorsements. The rest play for money.
I see stats on Tiger’s on course winning – which have nothing to do with a possible 11.35 million dollar putt. I see a question that was asked to the wrong man. Tiger hasn’t worried about money since he turned 16. He knew that the day he turned pro, he would have enough money to take care of himself and his family for generations. He had 5 free years to win and improve knowing the golden goose was there when he left college.
The question should have been asked to someone like Heath Slocum or Mark Leishman. Those are the guys who don’t have the income of a small country flowing in every year.
Watching the action on Sunday, it looked more to me like he was either very nervous on the first tee, getting stymied behind a tree right off the bat – OR – he was counting his chickens before they were hatched and just cruised through the round knowing he had $10 million locked up. He just never got in gear to win the tournament. If it had come down to a putt for the other trophy and $1.35 million, I don’t think he would be nervous.
By the way – nobody knows what Tiger Woods is worth outside of Tiger, Elin, Mom, his Financial director, and maybe the people at Nike – not that clown who Tweeted a made up figure about his worth. It is all speculation. By the way – would you put your finanicial future in the hands of a guy who says things like “$10 million gets him closer to being a billionaire” ? No kidding ? Another line for the “water is wet” file.
A “lack of emotion” ?? Were you expecting Stevie and Bones to be running around like idiots after the World Series spraying champagne ? Tiger and Phi dry humping each other ? Tiger lost the tournament – did you want a fist pump ? Phil had the lead when he holed out at 18, but had to wait to see what Tiger would do behind him – did you want that 3" vertical we saw at Augusta ? Both smiled big and accepted their trophies and checks. Both have been there before. Both behaved like seasoned professional golfers.
Are you talking about during the awards ceremony ? Tiger had 15 minutes out of the spotlight to check his scorecard, have something to drink, and get into photo-op mode ? Phil had 30 minutes where he had to wonder if Tiger was going to catch up plus check scores and relax. Smile – hold your trophy – shake Mr Finchem’s hand. Golf doesn’t have pile-ons in the middle of the field.
"this ball will fit in that fairway"
Still though...
…it would have added to the drama if Tiger shot a champagne cork in Phil’s face.
by Double Eagle on Sep 29, 2009 10:16 AM EDT up reply actions
Curious you bring up Slocum. He and O’Hair were asked about the $10 mil putt and were both obviously spooked by it based on what they said. O’Hair said he hoped he had a five shot lead for that putt.
Rovell knows the approximate wealth of Woods, btw. He’s one of the best in sports business reporting. His Tweet meant that Woods was on the verge of becoming a billionaire.
I didn’t want a dramatic celebration from Mickelson or Woods, but certainly not the non-chalant reaction we got either.
Email me any comments or questions at ryan@thegolfnewsnet.com.
by Ryan Ballengee on Sep 29, 2009 11:19 AM EDT up reply actions
How do you know that Rovell has any clue what Tiger is worth ? He admitted that he didn’t know in his article – he said he was guessing. He may know sports business – but Tiger’s worth is his own. These stories about Tiger crossing the billionaire mark have been floating around for three years. For all we know, he’s gone past it – and if he has – good for him – but it’s still none of my business.
"this ball will fit in that fairway"
Pffff....
A lot of stuff we talk about is none of our business. If Tiger is a billionaire, that’s amazing. He can be private about it, but I’m going to be nosy about it. Isn’t that what fans are supposed to do???? ;-D
by Double Eagle on Sep 29, 2009 12:02 PM EDT up reply actions
Very true – we peasants wonder “what the king is doing tonight” (yes – that’s from “Camelot” – my favorite musical) – but I prefer legitimate media members to be a little above that kind of gossip mongering.
"this ball will fit in that fairway"
Well, ESPN said he would make $6 billion in his career when they projected in 1996. Didn’t work out that way, but seems like he’s near or at a billion dollars now.
Email me any comments or questions at ryan@thegolfnewsnet.com.
by Ryan Ballengee on Sep 29, 2009 1:33 PM EDT up reply actions

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