about 1 month ago
Front Office Sports Aug 18, 2026

LIV Golf Cuts $30M in Prize Money From End of Season

LIV Golf has reduced its prize money by $30 million for the conclusion of its 2026 season following the cancellation of its Michigan finale, which was originally scheduled for next week. The Indianapolis event has been designated as the season finale and now features a $10.1 million purse for individual competition, which is roughly half of the usual $20 million awarded at LIV events. The winner’s share has also dropped to $2.02 million from the typical $4 million. The team competition in Indianapolis will substitute as the season-ending team championship and will distribute $30 million to LIV’s 13 franchises, compared to the prior payout of $40.1 million planned for the Michigan team championship.

The original combined prize money for the Indianapolis and Michigan events was slated at $70.1 million; however, the revised Indianapolis tournament is offering $40.1 million in total prize money. This cut, together with the previously canceled $30 million Louisiana event in June, means that players and teams are missing out on $60.1 million from the originally promised payouts this season. Despite these reductions, LIV plans to award $370.1 million across all players and teams this season in 12 events, even as the Saudi Public Investment Fund (PIF) prepares to end its financial backing at the season's close.

LIV Golf’s decision to alter the finale format was influenced partly by the Official World Golf Rankings (OWGR) points, which continue to be awarded at the Indianapolis event but would not have been available at the canceled Michigan team championship. As a result, the Indianapolis team championship uses a stroke play scoring system across all four players on each LIV team, with prize distributions ranging from $8.4 million for the first place team down to $360,000 for the 13th place team. The original team championship payout was structured to be more generous, with $11.2 million for the winner and smaller amounts down the line.

In parallel, the $10 million in bonus money for the season-long individual championship remains unaffected, with Jon Rahm having already secured the $6 million top prize. The final standings for the second and third bonuses, worth $3 million and $1 million respectively, will be decided in the upcoming tournament. LIV’s financial strain is also illustrated by ongoing lawsuits from former vendors seeking over $1 million each in unpaid amounts, while smaller contractors report outstanding balances of up to $100,000. The league is currently in discussions with BC Partners Credit for new funding, but no deal has been finalized yet.

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