Golfers on the DP World Tour will be given guaranteed minimum earnings of $150,000 for the upcoming season for the first time.
This is part of the introduction of the new “Earnings Assurance Programme” for DP World Tour players. Players that compete in 15 or more events as part of the programme will be guaranteed earnings of $150,000.
The 2023 season will also see a record overall prize fund of $144.2m throughout the tournaments apart from the Major Championships and WGC-Dell Technologies Match Play.
The DP World Tour state that the increase in prize fund and the introduction of the Earnings Assurance Programme has been capacitated thanks to the partnership with the PGA TOUR which was enhanced in June.
Long Term Plan
DP World Tour Chief Executive, Keith Pelley, said: “For us to be able to offer our members record prize funds and enhanced earning opportunities is massive, particularly when global economies are still feeling the effects of the pandemic and with the new challenge of rising inflation significantly putting pressure on costs in all facets of our business.
“Our overall prize fund for the 2023 season represents $50 million more than 2021 and also underlines the strength of our partnership with the PGA TOUR, who are working with us to drive revenue and a long-term growth plan.
“One of the many benefits we have been able to introduce because of this partnership is the new Earnings Assurance Programme, similar to what they already have on the PGA TOUR. I have always believed that it is an incredible accomplishment for any professional golfer to simply gain their playing rights on the DP World Tour and this new initiative recognises and rewards that achievement.
“Although we will never lose the magic of the meritocracy and purity of a performance-based structure, this now offers certainty of income to those players who have made it to the pinnacle of the professional game in Europe.
“Alongside the John Jacobs Bursary for the top five players who graduate to the DP World Tour from the Challenge Tour, it will provide security and a strong platform for emerging players in particular as they come through the global pathways we have created.”
The new season of the DP World Tour is set to commence on 24th November 2022 with four new tournaments included in the schedule.
To view the schedule in full, click here.