Jay Makes What?!

Hack It Out Golf

Hack it Out Golf - Mark Crossfield, Lou Stagner, Greg Chalmers

Education, Sports, Golf

4.8 • 709 Ratings

🗓️ 12 December 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Recent news published the compensational package for PGA Tour commissioner Jay Monahan. In this episode, Mark, Greg, and Lou take the opportunity, not just to talk about the commissioner's salary, but to consider the job he's done with the Tour, with the rise of LIV, and even more now, with the rising popularity of golf on other social media tools. It remains an interesting time to be a fan of golf. Where to find us: Mark Crossfield's weekly newsletter: https://www.crossfieldgolf.com/subscribe Mark Crossfield on Twitter: https://twitter.com/4golfonline Mark Crossfield on YouTube: https://www.youtube.com/user/4golfonline Lou Stagner's weekly newsletter: https://newsletter.loustagnergolf.com/subscribe Lou Stagner on Twitter: https://twitter.com/LouStagner Greg Chalmers on Twitter: https://twitter.com/GregChalmersPGA The Hack It Out Golf Podcast on Twitter: https://twitter.com/HackItOutGolf Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:31.1	So interesting articles floating around this week. I want your Lou and Greg's opinions on. We've got
0:36.4	Jay Monaghan earning more money than
0:38.7	in 2023 than he did in 2022. $23 million up from 18.4 in 2022. This was a post I saw online. If I
0:46.9	look at some of the comments, well, destroying a tour is lucrative. Comeback player of the year.
0:53.2	Someone's put, you know, it's crazy.
0:57.0	The comments are hammering this report that he's earning more.
1:01.9	I want, make it make sense.
1:03.6	Can someone make it make sense to me?
1:05.7	Because it doesn't make that much sense to me, but I'm happy to learn.
1:09.9	Yeah, look, based on what I know, like I've been to a ton of annual general meetings
1:15.0	and things like that, the actual salary is actually compared to other sports for commissioners.
1:22.3	The actual salary is actually not that high.
1:26.2	What it is is the bonuses and incentives, right? Because his salary is
1:30.3	$1.887 million, which for what they talk about, that part is not high. It's when you start
1:37.4	talking about incentives of 12 million, benefits of 2.5 million, and long-term incentives,
1:43.3	well, I can explain that to me.
1:44.6	I think that it's an annuity thing where they tuck away the bunch of money.
	...

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