1:10:06How LIV Golf Is Competing With PGA's Monopoly | Golf Wars
From My First Million · Published Jul 5, 2023 · Watch on YouTube
TL;DR
The video discusses LIV Golf’s Saudi-backed challenge to the PGA Tour, using guaranteed contracts and a fewer-events model to attract stars like Phil Mickelson ($200M) and Dustin Johnson ($125M), while Tiger turned down $800M.
Key insights
- LIV Golf offers guaranteed contracts (e.g., Phil Mickelson $200M, Dustin Johnson $125M) rather than prize-pool-based earnings like the PGA, which pays winners per tournament (~$3M of $9M purse per eve
- Tiger Woods’ lifetime PGA winnings are only $121M, so LIV’s guaranteed deals effectively give players that sum upfront.
- Will Fraser, a former Wall Street trader who retired at 27, became a high school math teacher and built a dominant math competition program by: (1) putting all top math students in the same class to c
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