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FedEx renews sponsorship for five more years
February 23, 2012

The PGA Tour is keeping the FedEx Cup for at least five more years with a significant sponsorship renewal.

Commissioner Tim Finchem announced Wednesday that FedEx has extended its umbrella sponsorship through 2017. That’s the final piece of sponsorship renewal that the tour navigated through a troubling economic climate.

Finchem already has kept the PGA Tour fully sponsored—only Tampa, Fla., is missing a title sponsor—along with extending the television agreement through 2021. Now it can keep its FedEx Cup, which culminates with four big events and a $10 million bonus for the winner.

Finchem didn’t get into financial details, though he says there will be “some growth” during the next five years. The FedEx Cup offers a total bonus pool of $35 million.

“FedEx has evaluated this very hard over the last five years, watched it closely,” Finchem said. “We’ve seen it grow. It’s become a big part of what the PGA Tour is all about. It has had the effect of pulling our season together.”

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