Brooks Koepka isn’t sitting idly by on this one.
We’re in a battle against this COVID-19 pandemic and the defending PGA champion, who won’t be able to defend his title come May, stepped up last week.
Koepka is donating $100,000 to fight the pandemic in Palm Beach and Martin Counties through his Brooks Koepka Foundation.
“I want to do my part during this stressful time,” Koepka said in a video he made last week.
Nike, one of Koepka’s major sponsors and a major sponsor for many PGA Tour players, is stepping us as well.
Nike and its senior management said last Wednesday that they will give more than $15 million to coronavirus relief efforts.
Nike co-founder Phil Knight and wife Penny Knight, Executive Chairman Mark Parker and wife Kathy and CEO John Donahoe and wife Eileen will personally give $10 million, including $1 million to the Oregon Food Bank, $2 million to the Oregon Community Foundation Recovery Fund created by the Oregon Community Foundation and $7 million to Oregon Health & Science University.
So there’s one BIG FAT entity still sitting on its wallet, it hasn’t done anything yet and that would be the PGA Tour.
First, let’s remind everyone that the tour hides under that tax-exempt 501-c-3 status that classifies it as a “not-for-profit.”
Second, let’s remind everyone that the tour revenues will most likely approach THREE BILLION dollars this year. Yes, BILLIONS.
Third, let’s remind everyone that LPGA player Stacy Lewis gave more than the PGA Tour when Hurricane Harvey hit Houston back in 2017. Lewis won an LPGA event and gave the entire purse to help Houston, the tour gave a measly $250,000.
So wouldn’t it make sense to have the Ebenezer Scrooges up there at PGA Tour headquarters to help out the cause, perhaps cut a check for $4,000,000 to each community that had a tour event canceled so far.
The tour like to brag how much its events raise for local charities but the fact is the tour leaves the heavy-lifting of actually raising said charity dollars to the local organizations, like the Copperheads that lobby on behalf of the Valspar, which should have seen its finale yesterday at Innisbrook.
What has the tour done?
Well, The Sheriff Of Nottingham, (aka commish Jay Monahan) has basically put his fat salary on hold until we’re on the other side of this virus-fight.
It was reported last week that along with Monahan giving up his salary for now, the tour’s senior management team agreed to a 25% salary cut, also to last indefinitely. Salaries for all other Tour employees will be frozen at 2019 levels. Keep in mind that Monahan made around $3.9 million in his first year back in 2017 and no doubt he’s more in the $5 million range these days. Additionally, the tour has enough seven-figure big-wigs to make your head spin.
Typically when 501-c-3 Not-For-Profit entities pay their management people that much money, red flags fly all over the “not-for-profit” universe.
Maybe it would show better intentions for The Sheriff and his Henchmen, to go ahead and collect their fat paychecks but turn around and donate said paychecks, and follow the example of Mr. Koepka, whose net worth pales in comparison to that of the PGA Tour.
So for now, we have no PGA Tour events — and no donations from the ivory tower there in Ponte Vedre Beach.
Sad.
4 Comments
RM
Hi Tom,
Glad you are continuing to write and hope you are doing well!
NIce article and very impressive to see individual golfers step up like Brooks (and Stacy Lewis and Charlie Hoffman previously, among some others).
PGA also must have the resources and clout to see to it that any $ they donate go directly to problem solving. For example, TEVA Pharmaceuticals, who is involved with a promising medicine for the virus, apparently promised about 6M tablets pronto at no charge. I haven’t vetted this, but if true, that is direct action.
Not to be snarky, but right about now PGA probably could manage to put one of their 7 figure execs in charge of getting this one task done immediately.
..
Tom Edrington
RM: GREAT to hear from you; Make sure you say “PGA Tour” when you refer to the tour, otherwise, the simple moniker, PGA refers to Professional Golfers Association of America, the hard-working club pros….
baxter cepeda
Brooks did good. He represented himself and golf well on Sportscenter a few days ago.
The pga tour giving food from the Players was a nice, fast thinking start to their giving. In due time the tour will give more, I’m sure.
But again, the pga tour are in a tough position because their business model is based on tons of charities, but with no business going on the worlds top golf tour has an overwhelming number of mouths to feed before considering the unique essential needs from this current issue.
Also, The commissioner deserves credit for not paying himself. His overpaid board is another story. But giving up 4$ million is no joke.
Stay well Tom.
Tom Edrington
Thanks Baxter, the Commish should have donated what he doesn’t take to the Corona Virus fight; Drew Brees just gave $5 million; He makes $25 million a year or so the tour makes hundreds of millions!