LIV Golf Question

[MyTeamIsOnTheFloor]

How long do those big contracts cover? Does Mickelson get $200,000,000 for a year or for 10?

 

[Bligedy]

How long do those big contracts cover? Does Mickelson get $200,000,000 for a year or for 10?

54 months.

 

[stollcpa]

Has it been established whether the large contracts are advances and any winnings are offset against the advance?

 

[hookyIU1990]

Has it been established whether the large contracts are advances and any winnings are offset against the advance?

Can't imagine it's an advance against winnings since they're 4-5 year contracts at 100M against $5M purses with so few events. If it is, these guys are idiots with morons as agents.

 

[stollcpa]

Can't imagine it's an advance against winnings since they're 4-5 year contracts at 100M against $5M purses with so few events. If it is, these guys are idiots with morons as agents.

I had seen reports this was the case. Supposedly LIV officials denied but I never seen an actual statement denying.

 

[Bligedy]

Has it been established whether the large contracts are advances and any winnings are offset against the advance?

Yes. That came out in court a few weeks ago.