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PGA
Seniors to play new Champions Tour The PGA Tour is changing the
name of its 50-and-over circuit to the Champions Tour with hopes of
appealing to a broader base of fans. During his annual L State of
the Tour message Wednesday, commissioner Tim Finchem said the Champions
Tour would have at least three fewer tournaments to keep the seniors from playing
the same weeks as major championships and other big events.
The developmental
tour will change names for the fourth time since its inception in 1990. What was
the Buy.com Tour will be called the Nationwide Tour, reflecting a new five-year
sponsorship deal.
Finchem also said the PGA Tour will have a fully sponsored
schedule for 2003, although it might lose one opposite-field event in the fall.
The name change for the seniors was embraced by some of its star players.
I see myself as a champion, and I think this new tour name will broaden
the definition of that word, said Hale Irwin, who last week became the first
senior to earn more than $3 million in one season.
Finchem said the change
from Senior PGA Tour to Champions Tour was not solely because of negative connotations
to the word senior.
The bigger question here was in
terms of extending the strength of the PGA Tour brand in a relevant way to reach
the broader fan, he said. We felt champions resonated
better than seniors.
The PGA Tour logo of a player swinging
a golf club will be included in the branding of all three tours.
Nationwide,
a Columbus, Ohio-based insurance and financial services company, becomes the third
title sponsor of the developmental tour in the last six years. What started
as the Hogan Tour in 1990 became the Nike Tour until Buy.com took over in 2000.
Finchem said the prize money would be nearly $500,000 per event, with some tournaments
even more lucrative.
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