WEBVTT - Reviewing the PGA Tour’s Big Changes

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<v Speaker 1>I miss a green, for example, I'm already upset.

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<v Speaker 2>When I find my ball in the bunker, I'm really upset.

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<v Speaker 1>And when I find my ball.

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<v Speaker 3>In a brid egg Friday Egg, the dreaded Frida Egg

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<v Speaker 3>Friday fridagg Bride Egg Lie, I'm about ready to run

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<v Speaker 3>off of the hump course. Welcome back to another edition

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<v Speaker 3>of the Frida Egg Podcast. Today I'm joined by Joseph Lamania.

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<v Speaker 3>Joseph and I discussed what the PGA Tour should do

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<v Speaker 3>to combat Live a few weeks ago, and I figured

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<v Speaker 3>with the PGA Tour news with the meeting last week

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<v Speaker 3>with Roy mclroy and Tiger Woods kind of heading that up,

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<v Speaker 3>and then the PGA Tour swift implementation of said plan

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<v Speaker 3>for the twenty twenty three season, Uh, it would be

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<v Speaker 3>a great time to talk to Joseph again and see

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<v Speaker 3>really evaluate how they did and where it goes from here.

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<v Speaker 3>Obviously a ton of details have yet to be sorted out.

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<v Speaker 3>Next year will be a truncated version of the full plan,

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<v Speaker 3>but figured it would be good to discuss, you know,

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<v Speaker 3>the finer points of where where it needs to go

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<v Speaker 3>as they continue to sort out all the little details.

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<v Speaker 1>With Joseph all.

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<v Speaker 3>Right, big changes on the PGA Tour with that mind

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<v Speaker 3>brought back Joseph Leamangna, Joseph, thanks for coming on. We

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<v Speaker 3>obviously talked before the tour had really made any moves

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<v Speaker 3>about how it should combat live, and now they've made

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<v Speaker 3>some moves. So excited to discuss and see where we

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<v Speaker 3>stand with these changes and if it's enough, you know,

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<v Speaker 3>significant chain to really you know, restructure the tour in

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<v Speaker 3>a way that's sustainable moving forward.

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<v Speaker 1>Joseph, how are you.

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<v Speaker 2>I'm great, Thanks for having me. Kind of a historic

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<v Speaker 2>day on the PGA Tour. I feel like this is

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<v Speaker 2>a bit of a victory lap compared to where we

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<v Speaker 2>were a couple of weeks ago when we last talked.

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<v Speaker 3>Yeah, I think, you know, the tour seems to be

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<v Speaker 3>heading in a direction, and I think it's the correct direction.

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<v Speaker 3>Whether or not, you know, they get all the way

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<v Speaker 3>to where they need to be, I think it remains

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<v Speaker 3>to be seen. But for those that missed it, for

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<v Speaker 3>those that are tuning in and don't really know what happened.

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<v Speaker 3>J Monahan and Rory macleroy did a press conference at

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<v Speaker 3>the tour Championship on Wednesday morning, and they announced the

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<v Speaker 3>addition of twelve elevated events. So the big thing that

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<v Speaker 3>is the big change is that you will know when

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<v Speaker 3>the quote unquote top players and we'll get into what

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<v Speaker 3>the players are will be playing. So they have committed

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<v Speaker 3>to play in sixteen events in addition to three other events,

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<v Speaker 3>and they are they include so they are the FedEx

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<v Speaker 3>Cup Playoffs, which is three events, the Genesis, the API,

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<v Speaker 3>that Arnold Palmer Invitational, the Memorial, the WGC Dell Matchplay,

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<v Speaker 3>the Century Tournament of Champions, and then there will be

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<v Speaker 3>four other events that will be elevated. They have yet

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<v Speaker 3>to be determined, so four of the existing PGA tour

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<v Speaker 3>stops will be elevated. We could speculate on those and

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<v Speaker 3>it sounds like moving forward, they are going to the

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<v Speaker 3>idea of rotating those four. I like that idea if

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<v Speaker 3>you're going to have to work in the existing structure.

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<v Speaker 3>But then along with those are the players, the Masters,

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<v Speaker 3>the PGA, the US Open, in the Open, so the majors,

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<v Speaker 3>the players and those other events, and then top players

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<v Speaker 3>will be required to play an additional three events. And

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<v Speaker 3>these top players will be based off of the PIP,

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<v Speaker 3>so the Player Impact Program, the much valueed Player Impact

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<v Speaker 3>program that became effectively what Live picked off for their

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<v Speaker 3>player selection in the last year will be expanded. It

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<v Speaker 3>will go from ten to twenty players. The PIP will

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<v Speaker 3>go from fifty to one hundred million, and it will

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<v Speaker 3>have some changes. It will remove the Q score in

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<v Speaker 3>the social media score. It sounds like there will be

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<v Speaker 3>a PIP rating for like almost every player on tour.

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<v Speaker 3>It sounds like that will be something that is tracked.

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<v Speaker 3>It's unclear whether it will be a public facing, you know, ranking,

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<v Speaker 3>which is interesting. Along with that, they a couple things

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<v Speaker 3>for like kind of the rank and file members were

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<v Speaker 3>announced a earnings assurance program. Upfront, players will get five

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<v Speaker 3>hundred thousand dollars which will be go against their earnings,

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<v Speaker 3>so it's effectively a hey, this is a league minimum salary,

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<v Speaker 3>and as players earn money, it will go against it.

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<v Speaker 3>But it will be paid upfront to players and non

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<v Speaker 3>exempt players. So like guys that just missed out on

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<v Speaker 3>being top one twenty five will get a five k

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<v Speaker 3>travel stipend for each of for miscut so to kind

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<v Speaker 3>of ease some of those concerned. I think these were

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<v Speaker 3>just kind of bones thrown to the rank and file

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<v Speaker 3>as they completely overhauled the system at the top. So

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<v Speaker 3>this is going into effect in twenty twenty three. It's

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<v Speaker 3>important the schedule is already announced, so their hands were

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<v Speaker 3>a little bit tied as to what they could do

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<v Speaker 3>in twenty twenty three. I think it would look a

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<v Speaker 3>little bit differently. I believe these will be full field

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<v Speaker 3>events in twenty twenty four. They will cut down to

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<v Speaker 3>smaller fields for these special top tier events. But in

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<v Speaker 3>twenty twenty three, with the field, with the schedule already announced,

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<v Speaker 3>there is really just a limited amount they could do.

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<v Speaker 3>But this is I think significant that they got this

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<v Speaker 3>done so quickly after the players only meeting last week.

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<v Speaker 3>The fact that this has been pushed through in less

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<v Speaker 3>than a week's time is significant, and I think twenty

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<v Speaker 3>twenty four schedule will look significantly different than this year's. So,

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<v Speaker 3>Joseph off the top, what do you think of the changes?

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<v Speaker 2>Yeah, I think you put it well, that it's directionally correct.

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<v Speaker 2>That is, I will say that for it, and it

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<v Speaker 2>could end up being very good. There are some tbds

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<v Speaker 2>and we're have to see how some of that shakes out.

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<v Speaker 2>I think the easiest way to frame my perspective on

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<v Speaker 2>the whole our conversation last time. What we're going to

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<v Speaker 2>talk about today with the schedule is there's a business

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<v Speaker 2>quote I really like from Jeff Bezos which is stubborn

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<v Speaker 2>on the vision, flexible on the details, and there are

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<v Speaker 2>certain things that I will be stubborn about that they

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<v Speaker 2>need to accomplish these high level goals or else this

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<v Speaker 2>still isn't in a good place. How you get there.

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<v Speaker 2>Flexible on some of that, So I think we'll get

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<v Speaker 2>into that today, But overall it was a huge positive

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<v Speaker 2>step for the tour yesterday.

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<v Speaker 1>Yeah.

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<v Speaker 3>I think obviously for anybody that's been following the PGA

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<v Speaker 3>Tour Live debate and anybody that's been in the PGA

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<v Speaker 3>Tour camp, the last six months have been painful. Like

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<v Speaker 3>anybody that is like, Okay, I do not want the

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<v Speaker 3>Saudi Arabian Public Investment Fund really owning and making decisions

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<v Speaker 3>on professional golf, behalf, you know, whole, like them being

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<v Speaker 3>the de facto effective dictator of men's professional golf.

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<v Speaker 1>You know, anybody that didn't want that to happen.

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<v Speaker 3>This has been a very bleak six months, and finally

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<v Speaker 3>it feels like there is some action, and I think

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<v Speaker 3>I think, you know, when I look at what happened yesterday.

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<v Speaker 3>I think there were two leaders of the PGA Tour

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<v Speaker 3>that stood up and one was somewhat confused, gave wishy,

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<v Speaker 3>washed answers, and one stood up there very clear. It

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<v Speaker 3>was very clear, concise and powerful with his messaging. And

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<v Speaker 3>Jay Monahan was the one that was seemed almost befuddled

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<v Speaker 3>and confused by what was going on, whereas Rory McElroy

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<v Speaker 3>stood up there and what stuck out to me And

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<v Speaker 3>I think what I would center on Rory's quote of

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<v Speaker 3>we're trying to build a tour for you young ambitious

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<v Speaker 3>players who want to be the best player in the world.

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<v Speaker 3>That needs to be the mission statement of the PGA Tour,

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<v Speaker 3>and that needs to be what every decision they make

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<v Speaker 3>and every single little thing they do from here out

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<v Speaker 3>with this kind of restructure needs to be centered.

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<v Speaker 1>Around that thesis statement.

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<v Speaker 3>And my concern centers around, all right, we've got the

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<v Speaker 3>big vision, right, who is executing the little details that

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<v Speaker 3>is going to make or break this idea? I think

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<v Speaker 3>like this, I think the big complaint from golf fans

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<v Speaker 3>will be like, Okay, you're just creating a bunch of

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<v Speaker 3>WGCs that weren't really executed.

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<v Speaker 1>Well in the first place.

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<v Speaker 3>And I think my big concern is that the players

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<v Speaker 3>have gotten together, they said this needs to change, this

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<v Speaker 3>is what we want to do, and they're handing it

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<v Speaker 3>back to the same people that screwed up the WGCs,

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<v Speaker 3>and we're going to effectively get the same thing.

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<v Speaker 2>Sure, yeah, I mean a lot of directions we could

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<v Speaker 2>go where A point that I wanted to make I

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<v Speaker 2>think is a natural follow up from what you just said.

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<v Speaker 2>So I think the goal is to get the best

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<v Speaker 2>players playing meaningful golf, right, get the best players together

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<v Speaker 2>playing meaningful golf, And you're kind of suggesting with the WGCs,

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<v Speaker 2>like maybe the golf still isn't meaningful. You get the

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<v Speaker 2>best players together, but it's not necessarily meaningful. The point

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<v Speaker 2>I would make is we have to reform the playoff

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<v Speaker 2>system and how the FedEx Cup points work, and that

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<v Speaker 2>will inform whether or not the golf is meaningful. So

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<v Speaker 2>if that is accomplished, I think we're there. I think

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<v Speaker 2>they've done the stuff that I will be stubborn about.

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<v Speaker 2>They've nailed it. If they don't fix that, if it's

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<v Speaker 2>still thirty players playing in the finals, and you know,

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<v Speaker 2>too many players go into the playoffs and too many

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<v Speaker 2>events getting points, then we haven't accomplished that, and you

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<v Speaker 2>will end up with events that feel like wgc's. But

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<v Speaker 2>if they reform the playoff structure and how the points work,

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<v Speaker 2>then these events they are much easier to interpret for

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<v Speaker 2>the fan. You have the best players together and you understand, hey,

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<v Speaker 2>this guy's got to step up and play well at Memorial,

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<v Speaker 2>at Genesis, at the Majors for them to qualify for

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<v Speaker 2>the playoffs. So if they do that, I'm bolldy on board.

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<v Speaker 2>What happened this week?

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<v Speaker 1>Yeah, I think that's the biggest question.

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<v Speaker 3>And I think obviously I do not envy Jay Monahan

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<v Speaker 3>and his team that have sold sponsorships through for you know,

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<v Speaker 3>a number of years forward based off of one thing

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<v Speaker 3>and going back to the sponsors and being like, hey,

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<v Speaker 3>I know, we told you that this was like the

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<v Speaker 3>greatest thing since slice spread, Like especially in the case

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<v Speaker 3>of I know, we told you that we've figured out

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<v Speaker 3>we've nailed this playoff system. You've I think they poured

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<v Speaker 3>in a billion dollars and you know you've put your

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<v Speaker 3>financial commitment behind this, but we need to change it.

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<v Speaker 3>I think the biggest question and you just hit on

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<v Speaker 3>is after twenty twenty three, knowing that, hey, in twenty

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<v Speaker 3>twenty three, there's limited things they can do after twenty

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<v Speaker 3>twenty three.

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<v Speaker 1>What does the playoffs look like?

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<v Speaker 3>Because that's going to inform what these events look like,

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<v Speaker 3>as you said, and you know now that they've got

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<v Speaker 3>this in place. I think this is a big part

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<v Speaker 3>of it. You know, what do the playoffs look like?

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<v Speaker 3>If there's going to be three events? How does that

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<v Speaker 3>get trimmed down? How do you go how do you

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<v Speaker 3>go from let's just say, let's take a number out

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<v Speaker 3>of the air, seventy players are in a typical elevated event.

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<v Speaker 3>How do you go from those seventy players down in

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<v Speaker 3>the playoffs? How does that look? And I think that's

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<v Speaker 3>the biggest question, And these are the little details that

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<v Speaker 3>are going to make or break this for the tour.

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<v Speaker 2>Agree on the point of I don't envy him for

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<v Speaker 2>having to go back to FedEx and say we're changing things.

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<v Speaker 2>The part I disagree with that keeps getting thrown around

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<v Speaker 2>is that like FedEx is going to be so upset

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<v Speaker 2>that we're dramatically improving the playoffs like this should be.

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<v Speaker 3>But I'm saying they sold the deal like you sell

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<v Speaker 3>a billion dollar deal under the pretense of these playoffs

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<v Speaker 3>suck like they effectively. And I think this is one

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<v Speaker 3>of the big issues with like the leadership staying intact

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<v Speaker 3>like and one of the things I wonder about long

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<v Speaker 3>term is like, how does the entire leadership team. I mean,

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<v Speaker 3>you can't teach an old dog nutrix. That is a

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<v Speaker 3>adage that is pretty set in stone. And the entire

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<v Speaker 3>leadership of the PGA Tour has operated under an old

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<v Speaker 3>system that has been outdated and ripe for disruption. We

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<v Speaker 3>have this disruption, We have a two year window where

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<v Speaker 3>they do nothing and the players have to put this

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<v Speaker 3>all together for them, and then you're going to hand

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<v Speaker 3>it right back to that same leadership group. You know,

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<v Speaker 3>this is not just same on hand, it's everybody around him.

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<v Speaker 3>You know, these people have been operating what they know

0:14:20.360 --> 0:14:23.200
<v Speaker 3>the business as can no longer be the business.

0:14:23.960 --> 0:14:25.160
<v Speaker 1>It has to change.

0:14:25.640 --> 0:14:29.680
<v Speaker 3>So you know, the reality is this is where my

0:14:30.760 --> 0:14:35.200
<v Speaker 3>general lukewarm feel centers around. It's like, can these business

0:14:35.320 --> 0:14:40.960
<v Speaker 3>leaders adapt and understand where it's going? And you know

0:14:41.240 --> 0:14:43.880
<v Speaker 3>this is the first the first challenge is going to

0:14:43.920 --> 0:14:45.440
<v Speaker 3>be getting FedEx on board.

0:14:46.720 --> 0:14:50.240
<v Speaker 2>Sure, and again flexible on some of the details here,

0:14:50.280 --> 0:14:53.240
<v Speaker 2>but I do know that it needs to be somewhere

0:14:53.240 --> 0:14:58.320
<v Speaker 2>around eight players playing for the championship, and the criteria there,

0:14:58.360 --> 0:15:00.960
<v Speaker 2>whether it's eight, whether it's twelve, it needs to be

0:15:01.000 --> 0:15:03.080
<v Speaker 2>that if any one of those players wins, you feel

0:15:03.080 --> 0:15:05.240
<v Speaker 2>like they were the champion for the season. That is

0:15:05.240 --> 0:15:09.160
<v Speaker 2>a non negotiable. How you move back and decide, Okay,

0:15:09.160 --> 0:15:12.040
<v Speaker 2>it's gonna be thirty six players in the first round.

0:15:12.040 --> 0:15:14.080
<v Speaker 2>However you decide to do that. I think there's some

0:15:14.120 --> 0:15:17.240
<v Speaker 2>flexibility around, but you need to have a special championship,

0:15:17.480 --> 0:15:20.200
<v Speaker 2>and you cannot give FedEx Cup playoff points for every event.

0:15:20.320 --> 0:15:22.560
<v Speaker 2>I think that's my biggest concern from seeing this new

0:15:22.600 --> 0:15:26.000
<v Speaker 2>schedule is that, Okay, sure the top players are committing

0:15:26.000 --> 0:15:28.720
<v Speaker 2>to playing twenty times, but is the incentive still for

0:15:28.800 --> 0:15:32.360
<v Speaker 2>them to play twenty nine times thirty times to give

0:15:32.400 --> 0:15:35.560
<v Speaker 2>themselves the best chance of qualifying for the playoffs. If

0:15:35.560 --> 0:15:39.240
<v Speaker 2>that exists, you've diminished the value of the schedule in

0:15:39.240 --> 0:15:42.480
<v Speaker 2>a lot of ways, and the playoffs at the end

0:15:42.480 --> 0:15:45.120
<v Speaker 2>of the year still don't have the appeal that they

0:15:45.120 --> 0:15:48.960
<v Speaker 2>should have for a season ending championship. Is that do

0:15:48.960 --> 0:15:49.680
<v Speaker 2>you agree with that?

0:15:49.880 --> 0:15:50.120
<v Speaker 1>Yeah?

0:15:50.240 --> 0:15:53.120
<v Speaker 3>Yeah, so like, just to I think, to make your

0:15:53.200 --> 0:15:56.560
<v Speaker 3>point a little bit clearer, let's just use this year

0:15:56.960 --> 0:16:00.880
<v Speaker 3>as an example to jump off of with the FedEx Cup.

0:16:01.200 --> 0:16:04.440
<v Speaker 3>And I'm gonna just run down the list as we

0:16:04.520 --> 0:16:08.480
<v Speaker 3>head into this week. It's Wednesday, it's Thursday morning. Here

0:16:08.640 --> 0:16:11.720
<v Speaker 3>is the FedEx Cup standings heading into East Lake. And

0:16:11.800 --> 0:16:15.720
<v Speaker 3>you tell me when we get to a player that

0:16:15.920 --> 0:16:20.280
<v Speaker 3>you would feel does not deserve to be in the

0:16:20.320 --> 0:16:24.440
<v Speaker 3>final event and have a opportunity to win the FedEx Cup.

0:16:24.960 --> 0:16:35.440
<v Speaker 3>All right, Scheffler can't lay Xalatorus, shawfle A, Burns, Cam Smith, Rory,

0:16:36.360 --> 0:16:43.440
<v Speaker 3>Tony Finow Uh, Sepstraca playoff anomenaly obviously.

0:16:43.960 --> 0:16:46.480
<v Speaker 2>Yet do I have the button here and say stop?

0:16:46.960 --> 0:16:50.560
<v Speaker 3>So Sepstraca, I think, like I think there are names

0:16:50.600 --> 0:16:53.920
<v Speaker 3>below him that deserve it. But this is obviously one

0:16:53.920 --> 0:16:56.320
<v Speaker 3>of the issues, like Sepstraca probably shouldn't have been in

0:16:56.400 --> 0:16:57.640
<v Speaker 3>the playoffs in the first place.

0:16:58.880 --> 0:17:02.200
<v Speaker 2>Play part of the issue. We're talking about a full

0:17:02.240 --> 0:17:05.520
<v Speaker 2>schedule that they gave points to every event, right, so

0:17:05.520 --> 0:17:07.919
<v Speaker 2>so if you were to pare down the number of

0:17:07.920 --> 0:17:11.600
<v Speaker 2>events that actually pay out playoff points, somebody like Matt

0:17:11.640 --> 0:17:14.040
<v Speaker 2>Fitzpatrick would show up higher because he won the US

0:17:14.080 --> 0:17:17.000
<v Speaker 2>Open and it wasn't because he right right, it's not

0:17:17.520 --> 0:17:20.600
<v Speaker 2>getting your points through the RSM Classic, through Bermuda like

0:17:20.680 --> 0:17:25.160
<v Speaker 2>those issues go away. So yeah, it needs to happen.

0:17:25.359 --> 0:17:29.040
<v Speaker 1>So we get to like Stepstraca out, Does Sung Jay

0:17:29.080 --> 0:17:30.800
<v Speaker 1>deserve to be there? Probably not right.

0:17:32.960 --> 0:17:34.880
<v Speaker 2>Right, I'd want to pull up his schedule, but I'm

0:17:35.000 --> 0:17:37.480
<v Speaker 2>I know Sung Jay he's a perfect person to talk

0:17:37.520 --> 0:17:40.320
<v Speaker 2>about because his strategy from the beginning has been play

0:17:40.400 --> 0:17:44.480
<v Speaker 2>as many events as possible, because he understands qualifying for

0:17:44.480 --> 0:17:47.800
<v Speaker 2>the playoffs isn't based on like your average points per event,

0:17:47.960 --> 0:17:50.840
<v Speaker 2>it's just your total. So the incentive is to play

0:17:50.880 --> 0:17:53.480
<v Speaker 2>as much as possible. And that's a significant problem. I

0:17:53.560 --> 0:17:55.399
<v Speaker 2>kind of want to we'll get there, but I kind

0:17:55.400 --> 0:17:57.119
<v Speaker 2>of want to talk about how that's a similar problem

0:17:57.200 --> 0:18:00.320
<v Speaker 2>to to what the NBA is facing, and they're they're

0:18:00.359 --> 0:18:02.000
<v Speaker 2>doing something about it, So you have to remove that

0:18:02.040 --> 0:18:05.080
<v Speaker 2>incentive for players and some Jay's the perfect talking point.

0:18:05.560 --> 0:18:08.040
<v Speaker 1>John Rahm maybe not.

0:18:08.160 --> 0:18:09.240
<v Speaker 2>I mean he hasn't had a great year.

0:18:09.400 --> 0:18:13.720
<v Speaker 1>Yeah, Scott Stallings definitely not. He's played really good golf.

0:18:13.760 --> 0:18:16.840
<v Speaker 3>He probably should have been in some sort of thing,

0:18:17.320 --> 0:18:20.960
<v Speaker 3>you know, recently, he's played really good golf, but you

0:18:21.000 --> 0:18:24.760
<v Speaker 3>know one T two doesn't vault you into the finals.

0:18:25.440 --> 0:18:29.200
<v Speaker 3>J T definitely right with the PGA win, right.

0:18:29.080 --> 0:18:31.760
<v Speaker 2>Right, And and again we we'd want to look at

0:18:32.200 --> 0:18:34.200
<v Speaker 2>how did he do in a subset of events. So

0:18:34.200 --> 0:18:37.280
<v Speaker 2>I'm sure under our revised criteria, like he'd probably be

0:18:37.600 --> 0:18:42.480
<v Speaker 2>qualifying because we'd reward the majors heavily. Cam Young probably yeah,

0:18:42.560 --> 0:18:43.360
<v Speaker 2>And he had a good year.

0:18:44.200 --> 0:18:47.679
<v Speaker 3>Matt Fitzpatrick in as we talked about, I mean, he

0:18:47.760 --> 0:18:51.520
<v Speaker 3>was leading strokes, gained total for a long time and

0:18:51.560 --> 0:18:54.040
<v Speaker 3>then and then you get into like Max Ooma, Hideki,

0:18:54.200 --> 0:18:56.480
<v Speaker 3>Jordan Speeds, Jauq Neeman, and I think at that point

0:18:56.480 --> 0:18:58.520
<v Speaker 3>you're like, no, none of these players. So if you

0:18:58.560 --> 0:19:03.800
<v Speaker 3>take out Sepstraw, Sung, JM John, Rom, Scott Stallings right there,

0:19:03.880 --> 0:19:07.960
<v Speaker 3>you're at twelve eleven players. So we're right where you

0:19:08.040 --> 0:19:09.960
<v Speaker 3>talked about eight to twelve players.

0:19:10.359 --> 0:19:12.639
<v Speaker 2>And I think what's so promising about what the PGA

0:19:12.720 --> 0:19:15.920
<v Speaker 2>Tour did this week is having this schedule of fourteen

0:19:15.960 --> 0:19:17.560
<v Speaker 2>events that you know all the best players in the

0:19:17.600 --> 0:19:19.879
<v Speaker 2>world are going to play. Those are the perfect events

0:19:19.880 --> 0:19:23.280
<v Speaker 2>to give the FedEx cut playoff points too, and stop

0:19:23.359 --> 0:19:26.040
<v Speaker 2>there like that's the fourteen you know, all the top

0:19:26.040 --> 0:19:29.000
<v Speaker 2>players are going to be there, and and that's all

0:19:29.040 --> 0:19:31.720
<v Speaker 2>We're giving points to everything After that, we're gonna have

0:19:31.760 --> 0:19:34.000
<v Speaker 2>to incentivize in a different way, but we're not gonna

0:19:34.040 --> 0:19:36.400
<v Speaker 2>set the system up to have bad incentives.

0:19:36.920 --> 0:19:41.960
<v Speaker 3>And I think, like, so the big question telling FedEx like, hey,

0:19:42.040 --> 0:19:44.520
<v Speaker 3>this is how it's gonna work right at that point?

0:19:44.720 --> 0:19:47.840
<v Speaker 1>Don't you like that? Don't you say, like, yeah, hey,

0:19:48.040 --> 0:19:51.080
<v Speaker 1>if FedEx cup points are coveted, they're they aren't just

0:19:51.200 --> 0:19:52.920
<v Speaker 1>handed out like they are now.

0:19:54.440 --> 0:19:57.879
<v Speaker 3>FedEx cup points means something, and they are. They are

0:19:57.920 --> 0:20:03.480
<v Speaker 3>the they are the currency of elite golf on tour.

0:20:03.760 --> 0:20:06.679
<v Speaker 2>Right, and maybe this is a natural I think some

0:20:06.720 --> 0:20:09.040
<v Speaker 2>of the counter argument here will be, Okay, if that's

0:20:09.040 --> 0:20:11.720
<v Speaker 2>how you do things, then how do you end up

0:20:12.160 --> 0:20:16.680
<v Speaker 2>doing status on tour if only those fourteen events are

0:20:16.720 --> 0:20:19.439
<v Speaker 2>paying out? Like what do the other events represent? And

0:20:20.119 --> 0:20:21.959
<v Speaker 2>I think the best solution that I can come up

0:20:22.000 --> 0:20:26.480
<v Speaker 2>with is you maintain basically two lists. You have your

0:20:26.640 --> 0:20:30.320
<v Speaker 2>FedEx cup points list and you have an eligibility list,

0:20:30.520 --> 0:20:33.119
<v Speaker 2>which could sort of be similar to like the official

0:20:33.119 --> 0:20:36.399
<v Speaker 2>World Golf rankings, but internal to the PGA Tour. You

0:20:36.480 --> 0:20:39.159
<v Speaker 2>just have a point system that when you're playing outside

0:20:39.160 --> 0:20:41.719
<v Speaker 2>of one of those fourteen events and in those fourteen

0:20:41.720 --> 0:20:46.240
<v Speaker 2>events you're accruing points. They just aren't. They don't translate

0:20:46.280 --> 0:20:50.200
<v Speaker 2>into qualification for the playoffs. They translate into status. And

0:20:50.400 --> 0:20:52.359
<v Speaker 2>I think what the PGA Tour will love about that

0:20:52.440 --> 0:20:54.000
<v Speaker 2>is I think I came up with another list that

0:20:54.040 --> 0:20:58.480
<v Speaker 2>they can brand and sell. So that should be music

0:20:58.520 --> 0:20:58.920
<v Speaker 2>to their ears.

0:20:58.960 --> 0:21:02.440
<v Speaker 3>Maybe it could be the business to our top ten

0:21:02.560 --> 0:21:08.400
<v Speaker 3>right sure. Now for a quick word from our sponsor,

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0:21:40.040 --> 0:21:40.840
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0:21:40.840 --> 0:21:43.440
<v Speaker 1>Shoes that you'd wear without socks, it's, you know, they

0:21:43.440 --> 0:21:45.800
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<v Speaker 3>best features. They also have women's shoes, so this is

0:21:53.560 --> 0:21:56.679
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<v Speaker 1>To Remar for your support.

0:22:20.920 --> 0:22:25.639
<v Speaker 3>Now back to Joseph Lemanna. So how do you feel

0:22:25.680 --> 0:22:29.120
<v Speaker 3>about the PIP being the decider of the first twenty

0:22:29.560 --> 0:22:33.000
<v Speaker 3>spots in these events? And then how do you think

0:22:33.119 --> 0:22:36.880
<v Speaker 3>the rest of the spots should be filled? Right?

0:22:37.080 --> 0:22:41.320
<v Speaker 2>I need to get some clarifying information on my understanding

0:22:41.359 --> 0:22:45.560
<v Speaker 2>is that you're only that the PIP qualification does not

0:22:46.880 --> 0:22:50.320
<v Speaker 2>qualify you for all of those events that but instead

0:22:50.359 --> 0:22:53.200
<v Speaker 2>if you that if you are in the top twenty

0:22:53.280 --> 0:22:55.960
<v Speaker 2>and PIP, you must play in as many events as

0:22:56.000 --> 0:23:02.280
<v Speaker 2>you qualify for. Basically, but broader point, I am not

0:23:02.480 --> 0:23:05.320
<v Speaker 2>a fan of the expansion of the PIP, and I

0:23:05.359 --> 0:23:08.960
<v Speaker 2>think that's my biggest concern in seeing what they did

0:23:08.960 --> 0:23:11.360
<v Speaker 2>this week. I have a lot of reasons for why

0:23:11.400 --> 0:23:14.520
<v Speaker 2>I don't like the pit being expanded. I think, for one,

0:23:14.600 --> 0:23:18.560
<v Speaker 2>having a black boxed formula that spits out one hundred

0:23:18.600 --> 0:23:22.359
<v Speaker 2>million dollars a year is a concern. And I also

0:23:22.359 --> 0:23:27.159
<v Speaker 2>think you have to consider what in what it incentivizes there.

0:23:27.400 --> 0:23:31.640
<v Speaker 2>Do you want contrived drama and players trying to make

0:23:31.680 --> 0:23:36.320
<v Speaker 2>a splash online because that's what ultimately they're incentivized by.

0:23:36.440 --> 0:23:39.240
<v Speaker 2>I mean, do you some of this stuff gets really

0:23:39.400 --> 0:23:42.880
<v Speaker 2>like part of the criteria's Internet searches. Yeah, there's enough

0:23:42.920 --> 0:23:44.919
<v Speaker 2>money in this. Do you do you want to player

0:23:44.960 --> 0:23:47.280
<v Speaker 2>figuring out how to set up bots to go search

0:23:47.320 --> 0:23:49.840
<v Speaker 2>his name all year? Like that's that might sound crazy,

0:23:50.240 --> 0:23:52.920
<v Speaker 2>but this is incentivizing things in a way that I

0:23:53.000 --> 0:23:55.960
<v Speaker 2>don't think is necessarily healthy for the tour. And the

0:23:56.000 --> 0:23:58.159
<v Speaker 2>point that I would make would be, I think players

0:23:58.160 --> 0:24:01.879
<v Speaker 2>are already incentivized to have awareness, right there are business

0:24:01.880 --> 0:24:04.960
<v Speaker 2>opportunities that are available to you. There are sponsorships that

0:24:05.000 --> 0:24:07.840
<v Speaker 2>come to you when you have strong brand awareness, Like,

0:24:07.960 --> 0:24:10.680
<v Speaker 2>is it really necessary that the tour is allocating money

0:24:10.720 --> 0:24:14.480
<v Speaker 2>to those players and providing that incentive on top of

0:24:14.600 --> 0:24:16.679
<v Speaker 2>what they already are incentivized to do. I think this

0:24:16.720 --> 0:24:19.639
<v Speaker 2>could lead to some behavior from players that you just

0:24:19.640 --> 0:24:22.280
<v Speaker 2>don't want to see. And more importantly, I don't think

0:24:22.320 --> 0:24:24.879
<v Speaker 2>a player should have to worry about their PIP if

0:24:24.880 --> 0:24:26.440
<v Speaker 2>they're trying to be the best golfer in the world.

0:24:26.480 --> 0:24:29.119
<v Speaker 2>Just let them play golf and things should take care

0:24:29.119 --> 0:24:29.840
<v Speaker 2>of themselves.

0:24:30.240 --> 0:24:32.720
<v Speaker 3>I think this is You're probably gonna hear me say

0:24:32.720 --> 0:24:35.440
<v Speaker 3>this multiple times on this podcast, but I'm going to

0:24:35.520 --> 0:24:38.760
<v Speaker 3>go right back to the Rory quote. What should be

0:24:38.840 --> 0:24:43.040
<v Speaker 3>the general thesis of this entire tour and every decision

0:24:43.680 --> 0:24:48.080
<v Speaker 3>should center around does this work towards this? We are

0:24:48.119 --> 0:24:51.840
<v Speaker 3>trying to build a tour for young, ambitious players who

0:24:51.840 --> 0:24:54.399
<v Speaker 3>want to be the best player in the world. Nowhere

0:24:54.440 --> 0:24:56.399
<v Speaker 3>in there does it say the most popular player in

0:24:56.400 --> 0:24:56.760
<v Speaker 3>the world.

0:24:57.880 --> 0:25:01.760
<v Speaker 1>This is you know, the PIP. If that hundred million

0:25:01.800 --> 0:25:06.760
<v Speaker 1>dollars a year was allocated in a different way, you know,

0:25:07.080 --> 0:25:10.760
<v Speaker 1>maybe one like I think the biggest shortcoming of the PIP,

0:25:10.840 --> 0:25:14.600
<v Speaker 1>without a doubt, is that there is nothing in the

0:25:14.640 --> 0:25:16.760
<v Speaker 1>PIP formula that has to do with how you play

0:25:16.760 --> 0:25:20.360
<v Speaker 1>on the golf course. Imagine if that NBA would operate

0:25:20.480 --> 0:25:23.919
<v Speaker 1>this way, it would like would we have somebody that

0:25:24.080 --> 0:25:26.919
<v Speaker 1>was like a you know, like can we allow like

0:25:27.640 --> 0:25:31.680
<v Speaker 1>influencers into the pip Like does uh you know the

0:25:32.000 --> 0:25:34.720
<v Speaker 1>best trick shot artists? Like does he he have a

0:25:34.800 --> 0:25:38.159
<v Speaker 1>chance at pit money because of this? Like it's just silly.

0:25:38.240 --> 0:25:40.480
<v Speaker 1>It It then becomes like, you.

0:25:40.359 --> 0:25:45.720
<v Speaker 3>Know, it should be there should be a significant aspect

0:25:45.760 --> 0:25:48.040
<v Speaker 3>of this that is based off of en course play

0:25:48.240 --> 0:25:51.119
<v Speaker 3>at the bare minimum, if not all of it should

0:25:51.160 --> 0:25:53.040
<v Speaker 3>be based off like why don't you just have another

0:25:53.040 --> 0:25:55.680
<v Speaker 3>one hundred million dollars that you can throw at your

0:25:55.720 --> 0:25:59.240
<v Speaker 3>top players that that can go to ward off the

0:25:59.280 --> 0:26:01.840
<v Speaker 3>live to or money. And that's the other thing that

0:26:01.960 --> 0:26:05.280
<v Speaker 3>I wanted to talk about maybe later is like how's

0:26:05.359 --> 0:26:07.640
<v Speaker 3>liv going to respond to this? Because there is going

0:26:07.680 --> 0:26:10.280
<v Speaker 3>to be a response, And to think like the tour

0:26:10.320 --> 0:26:13.560
<v Speaker 3>has already made the mistake of at Riviera thinking it

0:26:13.600 --> 0:26:16.520
<v Speaker 3>was over when the film comments came out, We're moving on.

0:26:16.960 --> 0:26:17.800
<v Speaker 1>This is not over.

0:26:17.880 --> 0:26:20.320
<v Speaker 3>It's it's going to be a five to five year

0:26:20.400 --> 0:26:24.200
<v Speaker 3>battle here, Like everybody's dug in the tour has made

0:26:24.440 --> 0:26:26.600
<v Speaker 3>a counter move back, and there's going to be something

0:26:26.640 --> 0:26:27.680
<v Speaker 3>that comes back from Live.

0:26:28.400 --> 0:26:31.080
<v Speaker 2>Yeah, and to go back to the to the Pip

0:26:31.080 --> 0:26:34.720
<v Speaker 2>and I think a whole part the continuity between the

0:26:34.800 --> 0:26:36.879
<v Speaker 2>last time we talked and now, like my message is

0:26:36.920 --> 0:26:40.440
<v Speaker 2>going to be the same. This is an incentive issue.

0:26:40.480 --> 0:26:42.719
<v Speaker 2>So if you are a top let's say you're an

0:26:42.720 --> 0:26:45.560
<v Speaker 2>aspiring professional, you're you're twenty five years old, you just

0:26:45.640 --> 0:26:46.920
<v Speaker 2>get your PGA tour card.

0:26:47.160 --> 0:26:50.440
<v Speaker 1>Say you're Pearson Cootie.

0:26:50.560 --> 0:26:53.240
<v Speaker 2>Sure, or even even take a step further, say you

0:26:53.359 --> 0:26:55.399
<v Speaker 2>have like a language barrier or something, you're from a

0:26:55.480 --> 0:26:57.600
<v Speaker 2>different part of the country, a different part of the world.

0:26:58.320 --> 0:27:00.359
<v Speaker 2>Why why do you have to worry about how the

0:27:00.400 --> 0:27:02.680
<v Speaker 2>player Impact program works? Like I think you should be

0:27:02.720 --> 0:27:06.000
<v Speaker 2>worried about your game, Like is my wedge game up

0:27:06.080 --> 0:27:08.359
<v Speaker 2>to snuff? Like do I know these golf courses? Can

0:27:08.400 --> 0:27:11.159
<v Speaker 2>I put on poa? Like why do I need to

0:27:11.200 --> 0:27:14.159
<v Speaker 2>worry about Or my agent has to worry about how

0:27:14.200 --> 0:27:17.439
<v Speaker 2>I can grow my brand awareness because some of our

0:27:17.520 --> 0:27:20.320
<v Speaker 2>tours funds are being allocated towards this season end. Like

0:27:20.640 --> 0:27:23.760
<v Speaker 2>I just don't think it puts players. It's a there's

0:27:23.800 --> 0:27:26.800
<v Speaker 2>a level of overhead there that I don't think players

0:27:26.800 --> 0:27:29.320
<v Speaker 2>should have to be dealing with. And you have to

0:27:29.440 --> 0:27:32.960
<v Speaker 2>have a system of good incentives for a full blown

0:27:33.640 --> 0:27:34.960
<v Speaker 2>schedule to work correctly.

0:27:35.400 --> 0:27:38.080
<v Speaker 3>Yeah, and just on that pip, the issues with the

0:27:38.119 --> 0:27:43.320
<v Speaker 3>PIP right. So last year is a perfect example. Hideki

0:27:43.640 --> 0:27:49.040
<v Speaker 3>Hideki Matsuyama wins the Masters. It's estimated that that win

0:27:49.560 --> 0:27:53.040
<v Speaker 3>is a billion dollar win for Hideki Japan. And I

0:27:53.440 --> 0:27:56.280
<v Speaker 3>think majority of people listening to this podcast are Americans,

0:27:57.119 --> 0:28:00.560
<v Speaker 3>And if you're just a golf fan, you know, you

0:28:00.680 --> 0:28:05.280
<v Speaker 3>might not understand like Japan is a golf craze country.

0:28:05.680 --> 0:28:08.440
<v Speaker 3>Japan is a vital you know, when you talk about

0:28:08.480 --> 0:28:11.600
<v Speaker 3>the tour and their growth, like you know a company,

0:28:12.080 --> 0:28:14.600
<v Speaker 3>their values a lot of times predicated on how much

0:28:14.640 --> 0:28:17.640
<v Speaker 3>bigger can your game get. Japan is a big piece

0:28:17.680 --> 0:28:21.120
<v Speaker 3>of this puzzle. It is a wealthy country that has

0:28:21.240 --> 0:28:26.280
<v Speaker 3>a lot of golf fans. Hideki Matsuyama is Japan's Michael

0:28:26.400 --> 0:28:29.280
<v Speaker 3>Jordan in a way. You know, you go to an

0:28:29.320 --> 0:28:33.560
<v Speaker 3>event and Hideki made the cut on the number. You know,

0:28:33.640 --> 0:28:35.840
<v Speaker 3>you go to a major, Hideki made the cut on

0:28:35.920 --> 0:28:40.040
<v Speaker 3>the number. For most American players, those who made the

0:28:40.120 --> 0:28:43.080
<v Speaker 3>cut on the number, nobody is watching. Not one press

0:28:43.880 --> 0:28:47.280
<v Speaker 3>is watching you know that player. If it's you know,

0:28:48.280 --> 0:28:51.200
<v Speaker 3>Jordan Speed, Nobody went out and watched Jordan Speth right

0:28:51.240 --> 0:28:53.080
<v Speaker 3>after he made the cut. You go out to Hedki,

0:28:53.760 --> 0:28:58.280
<v Speaker 3>there will be a ce of twenty plus Japanese media outlets.

0:28:58.640 --> 0:29:02.840
<v Speaker 3>So Hideki wins the mass and wins his home Countries

0:29:03.760 --> 0:29:06.720
<v Speaker 3>PGA Tour event, which he said he felt more pressure

0:29:07.080 --> 0:29:10.000
<v Speaker 3>at than the than the Masters. You know these this

0:29:10.200 --> 0:29:13.760
<v Speaker 3>is like sportsman of the Year in Japan without a

0:29:13.840 --> 0:29:16.960
<v Speaker 3>doubt home run, Like you know, he is the biggest

0:29:17.000 --> 0:29:21.520
<v Speaker 3>thing in sports in Japan, this huge economic country for golf.

0:29:22.960 --> 0:29:27.200
<v Speaker 3>He Bubba Watson's ten. Hideki can't even get it beat

0:29:27.280 --> 0:29:31.400
<v Speaker 3>Bubba Watson in this contrived whatever you know, cash pot

0:29:31.800 --> 0:29:35.160
<v Speaker 3>handout that you've you've put together and like I know

0:29:35.280 --> 0:29:37.680
<v Speaker 3>they've updated this, but this is going to be like

0:29:37.760 --> 0:29:40.680
<v Speaker 3>an inexact thing, like this is the pitfalls of it,

0:29:41.000 --> 0:29:44.440
<v Speaker 3>and Hideki didn't get that because it was an American bias.

0:29:44.520 --> 0:29:47.160
<v Speaker 3>System is always going to be American biased because it's

0:29:47.200 --> 0:29:48.520
<v Speaker 3>put together by Americans.

0:29:48.960 --> 0:29:50.680
<v Speaker 2>Right, That's that's the part. I think the Tour would

0:29:50.720 --> 0:29:52.880
<v Speaker 2>come back and say, look, we agree we messed up.

0:29:53.000 --> 0:29:56.680
<v Speaker 2>Hideki should have been in there, but we've revised the system.

0:29:56.760 --> 0:30:00.200
<v Speaker 2>Now we've removed social media, which I think they just

0:30:00.200 --> 0:30:02.600
<v Speaker 2>couldn't figure out I was laughing because it said social

0:30:02.640 --> 0:30:04.880
<v Speaker 2>media is always changing, so it's hard to captures, like

0:30:04.920 --> 0:30:07.280
<v Speaker 2>they probably couldn't figure out how to handle TikTok, Like

0:30:07.400 --> 0:30:10.520
<v Speaker 2>that's probably what that means. But to your point, like

0:30:11.160 --> 0:30:14.440
<v Speaker 2>the it's always going to be a biased system in

0:30:14.560 --> 0:30:16.960
<v Speaker 2>some direction, And why is the tour? Are you signing

0:30:17.080 --> 0:30:19.440
<v Speaker 2>up for maintaining that? Like that's the part. Do you

0:30:19.560 --> 0:30:22.800
<v Speaker 2>want to deal with the complexities of internet searches? And

0:30:22.840 --> 0:30:27.960
<v Speaker 2>if somebody searches Hdeki golf, is that Hideki Matsuyama or not? Like,

0:30:28.080 --> 0:30:30.120
<v Speaker 2>why do you want to sign yourselves up for maintaining

0:30:30.200 --> 0:30:33.560
<v Speaker 2>that kind of logic and then putting it behind a

0:30:33.720 --> 0:30:35.680
<v Speaker 2>black box or putting it in a black box where

0:30:35.680 --> 0:30:37.800
<v Speaker 2>people can't see how the calculation is working. I think

0:30:37.920 --> 0:30:39.520
<v Speaker 2>if they're going to do this and lean into it,

0:30:39.800 --> 0:30:42.280
<v Speaker 2>it has to be public and the methodology has to

0:30:42.320 --> 0:30:42.960
<v Speaker 2>be transparent.

0:30:43.280 --> 0:30:46.320
<v Speaker 1>Would it be just better served with one hundred million dollars?

0:30:46.520 --> 0:30:49.000
<v Speaker 3>And this is like a question I would ask a

0:30:49.280 --> 0:30:52.880
<v Speaker 3>Rory McElroy if I talk to him, I would ask Jmonhan,

0:30:52.960 --> 0:30:55.360
<v Speaker 3>if I talk to him, would the hundred Can you

0:30:55.600 --> 0:30:58.000
<v Speaker 3>tell me with a straight face if one hundred million

0:30:58.040 --> 0:31:00.680
<v Speaker 3>dollars would just be better served if you just said,

0:31:00.960 --> 0:31:03.680
<v Speaker 3>if you finished in the top ten, we'll distribute the

0:31:03.800 --> 0:31:07.840
<v Speaker 3>one hundred you know, top ten of the season long race,

0:31:07.920 --> 0:31:10.920
<v Speaker 3>assuming that gets cleaned up, we're going to distribute a

0:31:11.000 --> 0:31:12.520
<v Speaker 3>hundred extra million dollars in that.

0:31:13.040 --> 0:31:14.320
<v Speaker 2>I'd be fine with that, but I think what they

0:31:14.360 --> 0:31:16.080
<v Speaker 2>would say is, no, we want to get some of

0:31:16.120 --> 0:31:19.440
<v Speaker 2>these players who are really marketable, like a Tiger Woods

0:31:19.840 --> 0:31:21.920
<v Speaker 2>who may not play and may not be able to compete, like,

0:31:22.080 --> 0:31:25.520
<v Speaker 2>let's still reward them, or even potentially somebody like Ricky Fowler.

0:31:26.240 --> 0:31:28.320
<v Speaker 2>There are I still think there are other solutions to that.

0:31:28.440 --> 0:31:30.040
<v Speaker 2>I know the one I'd thrown out, people may not

0:31:30.160 --> 0:31:32.080
<v Speaker 2>love it, But if you did, like an all Star

0:31:32.560 --> 0:31:36.080
<v Speaker 2>weekend or some exhibition where fans could vote on who participated,

0:31:36.160 --> 0:31:40.760
<v Speaker 2>that's actually a cleaner, more direct way of funneling money

0:31:40.840 --> 0:31:43.400
<v Speaker 2>to some of the players that are most marketable. So

0:31:43.600 --> 0:31:48.280
<v Speaker 2>I think broader point PIP is I can sort I

0:31:48.320 --> 0:31:52.120
<v Speaker 2>can even maybe get behind the goal of PIP, but

0:31:52.600 --> 0:31:55.720
<v Speaker 2>I cannot get behind implementation and some of the incentives

0:31:55.760 --> 0:31:58.440
<v Speaker 2>that it creates, and I think those are that's enough

0:31:58.520 --> 0:32:00.720
<v Speaker 2>to nix the program.

0:32:02.040 --> 0:32:06.800
<v Speaker 3>Yeah, and I mean to me, having this be a

0:32:07.400 --> 0:32:10.920
<v Speaker 3>a big part of your overhaul is a big mistake,

0:32:11.040 --> 0:32:15.560
<v Speaker 3>because it was. This was legitimately one of the least

0:32:15.640 --> 0:32:19.400
<v Speaker 3>effective things that was done to attempt to counteract Live

0:32:19.800 --> 0:32:23.320
<v Speaker 3>last year. This was put in place to counteract Live.

0:32:23.840 --> 0:32:27.000
<v Speaker 3>You know, this was supposed to appease people like Phil Mickelson.

0:32:27.560 --> 0:32:29.920
<v Speaker 3>Five of the ten players that got the PIP are

0:32:30.000 --> 0:32:31.080
<v Speaker 3>now on Live, you know.

0:32:31.760 --> 0:32:34.160
<v Speaker 2>But overall, Andy, I don't want to be too negative,

0:32:34.200 --> 0:32:36.520
<v Speaker 2>Like I agree this this is a problem. I don't

0:32:36.520 --> 0:32:40.120
<v Speaker 2>think it's overly significant. Like I still think the bulk

0:32:40.160 --> 0:32:42.880
<v Speaker 2>of what they did yesterday like we're we're good, Like

0:32:43.000 --> 0:32:45.240
<v Speaker 2>that was it was good, it was smart. We're on

0:32:45.280 --> 0:32:47.120
<v Speaker 2>the right path, and it could end up being really good,

0:32:47.200 --> 0:32:49.440
<v Speaker 2>especially if they reformed the playoffs and the point structure.

0:32:49.880 --> 0:32:53.440
<v Speaker 2>The PIP is a minor setback, but overall, we're moving

0:32:53.480 --> 0:32:54.200
<v Speaker 2>in the right direction.

0:32:54.560 --> 0:32:58.360
<v Speaker 3>I agree, completely agree. I As I said at the top,

0:32:59.280 --> 0:33:03.000
<v Speaker 3>this was a very refreshing day. My next question would be,

0:33:03.160 --> 0:33:06.000
<v Speaker 3>how do you go about filling these fields?

0:33:07.280 --> 0:33:09.840
<v Speaker 2>Right? I think what I do? I think I go

0:33:10.040 --> 0:33:14.000
<v Speaker 2>with the two points lists. So if there's one hundred

0:33:14.000 --> 0:33:19.040
<v Speaker 2>and twenty spots, let's say the first seventy could be

0:33:19.120 --> 0:33:22.479
<v Speaker 2>filled from players from the previous year who got their

0:33:22.480 --> 0:33:26.479
<v Speaker 2>eligibility right. They're exempt, fully exempt into the next year,

0:33:26.560 --> 0:33:28.880
<v Speaker 2>so one hundred and twenty spots. However, many of those

0:33:29.120 --> 0:33:31.320
<v Speaker 2>first seventy players decide to sign up for that event,

0:33:31.560 --> 0:33:34.600
<v Speaker 2>they're registered. After that, you got fifty spots, and I'm

0:33:34.640 --> 0:33:38.640
<v Speaker 2>filling them with the highest ranking in this secondary list,

0:33:38.760 --> 0:33:44.200
<v Speaker 2>which basically is a ranking system of previous year Korn

0:33:44.240 --> 0:33:47.160
<v Speaker 2>Fairy Tour. It's the weakest events on the PGA Tour

0:33:48.160 --> 0:33:50.240
<v Speaker 2>potentially plus some of the strongest events on the Corn

0:33:50.280 --> 0:33:55.840
<v Speaker 2>Fairy Tour. And you have that eligibility list constantly updating,

0:33:55.960 --> 0:33:59.600
<v Speaker 2>so that you know you have a playoff list, eligibility

0:33:59.680 --> 0:34:03.920
<v Speaker 2>list constantly in flux, constantly bringing up the youngest talent.

0:34:04.520 --> 0:34:06.480
<v Speaker 2>I think that's the way I would probably go about it.

0:34:06.560 --> 0:34:08.160
<v Speaker 2>The only other way I can think of as doing

0:34:08.200 --> 0:34:11.880
<v Speaker 2>it with like OWGR. But I think that introduces some

0:34:12.280 --> 0:34:16.040
<v Speaker 2>complexity and potentially some antitrust. I'm not a lawyer, but

0:34:16.239 --> 0:34:18.640
<v Speaker 2>maybe you don't want to get more involved with OWGR.

0:34:18.760 --> 0:34:20.480
<v Speaker 3>That is a way to do it, though, I mean,

0:34:20.560 --> 0:34:22.880
<v Speaker 3>I think this is actually like kind of brilliant in

0:34:22.960 --> 0:34:25.920
<v Speaker 3>the sense of like they have this opportunity to distance

0:34:25.960 --> 0:34:30.120
<v Speaker 3>themselves from the owgr and potential like legal ramifications of

0:34:30.239 --> 0:34:35.560
<v Speaker 3>that as well. I think this is like an unbelievable opportunity.

0:34:36.160 --> 0:34:40.920
<v Speaker 3>This might be the biggest opportunity outside of just we

0:34:41.000 --> 0:34:44.279
<v Speaker 3>aren't going to just hemorrhage our top players, is that

0:34:44.480 --> 0:34:49.000
<v Speaker 3>you finally have the excuse to really reform how the

0:34:49.120 --> 0:34:50.360
<v Speaker 3>Corn Fairy Tour and.

0:34:50.440 --> 0:34:51.760
<v Speaker 1>The PGA Tour interact.

0:34:52.000 --> 0:34:54.480
<v Speaker 3>With this moment, you know, we have been stuck and

0:34:54.600 --> 0:34:58.360
<v Speaker 3>this is like the thing that probably worries me the

0:34:58.440 --> 0:35:02.480
<v Speaker 3>most about handing back the keys to the leadership that

0:35:03.160 --> 0:35:06.440
<v Speaker 3>has their entire lives have been around appeasing player one

0:35:06.560 --> 0:35:08.040
<v Speaker 3>hundred on the PGA Tour.

0:35:08.320 --> 0:35:10.960
<v Speaker 1>That's literally what their incentives are.

0:35:11.560 --> 0:35:15.560
<v Speaker 3>If I am the standout collegiate player, if I just

0:35:16.200 --> 0:35:20.719
<v Speaker 3>Sam Sam Bennett, I just won the USAM how do

0:35:21.840 --> 0:35:25.520
<v Speaker 3>we create a system that Sam Bennett can be up

0:35:25.680 --> 0:35:29.040
<v Speaker 3>in these big events if he plays well. If he

0:35:29.160 --> 0:35:31.160
<v Speaker 3>plays well, he can be up in these big events

0:35:31.480 --> 0:35:33.880
<v Speaker 3>as fast as we possibly can get him up there.

0:35:34.120 --> 0:35:37.000
<v Speaker 3>And the biggest opportunity to me with this whole thing

0:35:37.640 --> 0:35:40.920
<v Speaker 3>centers around reforming how the Corn Faery Tour and the

0:35:41.080 --> 0:35:44.160
<v Speaker 3>bottom tier of the PGA Tour interact and how these

0:35:44.200 --> 0:35:46.800
<v Speaker 3>players get up to the top exactly.

0:35:46.960 --> 0:35:49.640
<v Speaker 2>And I think that the system that I'd be advocating

0:35:49.719 --> 0:35:53.160
<v Speaker 2>for here would be pretty simple. So you know, maybe

0:35:53.200 --> 0:35:55.239
<v Speaker 2>a win in a corn Fairy Tour event gives you,

0:35:55.400 --> 0:35:58.600
<v Speaker 2>like whatever, twenty five points, which might be equivalent to

0:35:58.680 --> 0:36:01.399
<v Speaker 2>a T ten, and some PGA Tour events which would

0:36:01.400 --> 0:36:04.120
<v Speaker 2>be twenty five points, So you're kind of comparing apples

0:36:04.160 --> 0:36:06.680
<v Speaker 2>to apples. And then at any given point, you could

0:36:06.680 --> 0:36:09.880
<v Speaker 2>look at the eligibility list and it's the top's going

0:36:09.920 --> 0:36:12.440
<v Speaker 2>to mostly be the top players on the PGA Tour, right,

0:36:12.520 --> 0:36:15.120
<v Speaker 2>But once you start to get to seventy two, one

0:36:15.200 --> 0:36:18.520
<v Speaker 2>hundred and twenty five, you're in that range that's going

0:36:18.560 --> 0:36:21.359
<v Speaker 2>to be updating pretty often. And then a player gets

0:36:21.400 --> 0:36:24.759
<v Speaker 2>into it, a Memorial gets into Genesis, plays well and

0:36:24.800 --> 0:36:27.200
<v Speaker 2>earns playoff points. Like there would be a way to

0:36:27.239 --> 0:36:31.600
<v Speaker 2>configure the system so that it's influx constantly elevating talent,

0:36:32.239 --> 0:36:33.840
<v Speaker 2>and I think the cleanest way to do that is

0:36:33.920 --> 0:36:39.480
<v Speaker 2>to separate the idea of playoff qualification criteria and eligibility criteria.

0:36:39.640 --> 0:36:42.000
<v Speaker 2>It does not have to be that all seventy players

0:36:42.040 --> 0:36:44.759
<v Speaker 2>who make it to the postseason are fully exempt for

0:36:44.840 --> 0:36:47.399
<v Speaker 2>the next year. That's a concept that doesn't have to stay.

0:36:47.960 --> 0:36:50.360
<v Speaker 2>It shouldn't be relegation or postseason. There could be a

0:36:50.400 --> 0:36:50.919
<v Speaker 2>middle ground.

0:36:51.920 --> 0:36:54.120
<v Speaker 3>Yeah, I agree with that, and I think the biggest thing,

0:36:54.320 --> 0:36:56.720
<v Speaker 3>like as of right now, and I would even extend

0:36:56.760 --> 0:37:00.279
<v Speaker 3>it down to Canada and Latin America, these points all

0:37:00.440 --> 0:37:03.200
<v Speaker 3>need to have some value and relate to each other.

0:37:04.280 --> 0:37:07.560
<v Speaker 3>Maybe the point the FedEx Cup points don't relate in

0:37:07.719 --> 0:37:10.760
<v Speaker 3>any way, and I'm fine, and I think that is fine.

0:37:11.680 --> 0:37:14.719
<v Speaker 1>Those are your you know, your top tier that are

0:37:14.880 --> 0:37:18.080
<v Speaker 1>only earned in specific events, as we've talked about.

0:37:18.440 --> 0:37:21.799
<v Speaker 3>But every other point on a tour that you run,

0:37:22.920 --> 0:37:27.200
<v Speaker 3>maybe not Champions Tour that should be just gone in general,

0:37:27.640 --> 0:37:31.400
<v Speaker 3>but every other point that you earn on Latin America,

0:37:31.520 --> 0:37:36.120
<v Speaker 3>Canada corn Ferry or this bottom tier of tour events,

0:37:36.320 --> 0:37:37.800
<v Speaker 3>they need to relate.

0:37:37.920 --> 0:37:39.400
<v Speaker 1>They should all be the same currency.

0:37:40.440 --> 0:37:43.120
<v Speaker 2>Yes, And I would double down really hard on this

0:37:43.200 --> 0:37:46.000
<v Speaker 2>concept that they should be separate, because, for example, you

0:37:46.120 --> 0:37:48.040
<v Speaker 2>do not want to get in a situation where a

0:37:48.120 --> 0:37:52.839
<v Speaker 2>top player like Rory McElroy plays those seventeen regular season

0:37:52.880 --> 0:37:55.319
<v Speaker 2>events and then feels like, you know what, I need

0:37:55.400 --> 0:37:58.480
<v Speaker 2>to keep playing to have my best chance of qualifying

0:37:58.520 --> 0:38:01.440
<v Speaker 2>for the playoffs. You want to have that. The incentives

0:38:01.560 --> 0:38:03.759
<v Speaker 2>have to be set up properly for the stars, So

0:38:03.880 --> 0:38:08.160
<v Speaker 2>by keeping those separate, you're not mixing up. You aren't

0:38:08.160 --> 0:38:10.120
<v Speaker 2>incentivizing the top players in the world to just play

0:38:10.160 --> 0:38:13.759
<v Speaker 2>in as many events as possible. That waters down the product. Again,

0:38:13.840 --> 0:38:16.279
<v Speaker 2>I think the clear example here is the NBA, who's

0:38:16.320 --> 0:38:18.400
<v Speaker 2>dealing with the same thing, Like, how do you get

0:38:18.440 --> 0:38:21.520
<v Speaker 2>the stars playing in all of the regular season?

0:38:21.600 --> 0:38:22.719
<v Speaker 1>Explain that a little bit.

0:38:23.000 --> 0:38:24.400
<v Speaker 2>There are a lot of analogies you can make for

0:38:24.800 --> 0:38:26.800
<v Speaker 2>what the PGA Tour is facing. I think the NBA

0:38:26.920 --> 0:38:30.480
<v Speaker 2>is actually probably the best one. It's a little different,

0:38:30.560 --> 0:38:34.240
<v Speaker 2>like there's guaranteed money to the players, contracts are guaranteed

0:38:34.239 --> 0:38:37.040
<v Speaker 2>and stuff. But overall, they have an eighty two game

0:38:37.120 --> 0:38:41.360
<v Speaker 2>regular season and then a postseason. And a problem that

0:38:41.440 --> 0:38:44.040
<v Speaker 2>the NBA has had is that some of the stars

0:38:44.280 --> 0:38:45.640
<v Speaker 2>sit out a lot of the games, and it's not

0:38:45.680 --> 0:38:49.040
<v Speaker 2>always the star's decision, like sometimes that's based on medical

0:38:49.080 --> 0:38:51.600
<v Speaker 2>advice and that you should be resting your body. Point is,

0:38:51.640 --> 0:38:54.160
<v Speaker 2>it's really hard to play all eighty two games if

0:38:54.160 --> 0:38:56.560
<v Speaker 2>you're an NBA player, and it's probably hard to make

0:38:56.600 --> 0:38:59.640
<v Speaker 2>the sell to those guys that those games are that impactful.

0:39:00.280 --> 0:39:01.800
<v Speaker 2>So the NBA is getting out in front of it.

0:39:01.920 --> 0:39:06.080
<v Speaker 2>You know, there's not even a Saudi backed irrational actor,

0:39:06.200 --> 0:39:08.359
<v Speaker 2>as Jay Monahan would put it, and they're considering how

0:39:08.400 --> 0:39:11.160
<v Speaker 2>to make their product better. They've done many things to

0:39:11.280 --> 0:39:15.000
<v Speaker 2>actually move towards creating a better system of incentives. One

0:39:15.040 --> 0:39:17.959
<v Speaker 2>of those things was performing how the lottery system works

0:39:18.000 --> 0:39:21.240
<v Speaker 2>for draft picks. To incentivize teams to continue to compete,

0:39:21.920 --> 0:39:25.080
<v Speaker 2>They've changed their playoff structure so that they are now

0:39:25.800 --> 0:39:29.680
<v Speaker 2>two additional play in spots, so if you're the ninth

0:39:29.800 --> 0:39:32.520
<v Speaker 2>or the tenth seed in your conference, you're still incentivized

0:39:32.520 --> 0:39:34.680
<v Speaker 2>to keep playing. You don't want to be the seven

0:39:34.760 --> 0:39:37.120
<v Speaker 2>or the eight seed now, so you're incentivized to get

0:39:37.200 --> 0:39:41.120
<v Speaker 2>up into the sixth or the fifth seed. Like broader point,

0:39:41.760 --> 0:39:44.560
<v Speaker 2>they have evaluated how can we make the system of

0:39:44.680 --> 0:39:50.319
<v Speaker 2>incentives proper And they're even considering shrinking their schedule. From

0:39:50.320 --> 0:39:53.400
<v Speaker 2>what I hear that that's not a leading contender for

0:39:53.480 --> 0:39:55.120
<v Speaker 2>what they're going to do, but they may put in

0:39:55.239 --> 0:39:58.640
<v Speaker 2>like a tournament in the middle of the season to

0:39:58.719 --> 0:40:01.960
<v Speaker 2>substitute some games to make all of the games more

0:40:02.200 --> 0:40:04.640
<v Speaker 2>elevated and for every game to have meaning. So I

0:40:04.719 --> 0:40:08.880
<v Speaker 2>think again broader point here, you have to constantly be

0:40:09.000 --> 0:40:12.440
<v Speaker 2>evaluating how you make all of your games meaningful. And

0:40:12.560 --> 0:40:15.360
<v Speaker 2>if that system gets out of whack, then you got

0:40:15.440 --> 0:40:15.960
<v Speaker 2>to rebuild it.

0:40:16.760 --> 0:40:16.960
<v Speaker 1>Yeah.

0:40:17.040 --> 0:40:19.759
<v Speaker 3>And it's such an important point because this is not

0:40:20.239 --> 0:40:23.680
<v Speaker 3>over once, this is instituted. This is not we've we've

0:40:23.800 --> 0:40:27.800
<v Speaker 3>beaten live and even if liv goes away to borrow.

0:40:28.600 --> 0:40:33.239
<v Speaker 3>The goal of the organization should never, should always be

0:40:33.320 --> 0:40:36.240
<v Speaker 3>centered around how do we field the very best product,

0:40:36.320 --> 0:40:39.480
<v Speaker 3>how do we make everything mean the most we possibly can,

0:40:40.080 --> 0:40:43.920
<v Speaker 3>as opposed to the mentality of the last forty years

0:40:44.000 --> 0:40:47.400
<v Speaker 3>has been how do we make number one hundred on

0:40:47.520 --> 0:40:49.080
<v Speaker 3>the on the money list happy?

0:40:51.440 --> 0:40:53.880
<v Speaker 2>Right? It just it just can't work that way. The

0:40:54.440 --> 0:40:56.760
<v Speaker 2>system has to be set up so that every player

0:40:56.880 --> 0:40:58.719
<v Speaker 2>understands how do I get to the best to be

0:40:58.760 --> 0:41:00.640
<v Speaker 2>in the best player on the PGA Tour, and what

0:41:00.719 --> 0:41:02.320
<v Speaker 2>are the incentives that are laid out in front of me?

0:41:03.080 --> 0:41:03.440
<v Speaker 1>All right?

0:41:03.600 --> 0:41:07.839
<v Speaker 3>So with this, you know, obviously we've talked a great

0:41:07.920 --> 0:41:12.560
<v Speaker 3>deal about the structure, Uh do you have You've talked

0:41:12.560 --> 0:41:15.840
<v Speaker 3>about the All Star game, and uh, one of the

0:41:16.320 --> 0:41:19.600
<v Speaker 3>one of the things that reminded me of your topic

0:41:19.680 --> 0:41:23.680
<v Speaker 3>of All Star game is Tiger and Rory, the tm RW,

0:41:23.880 --> 0:41:28.520
<v Speaker 3>the Tomorrow Group and their TGL which will be This

0:41:28.680 --> 0:41:30.920
<v Speaker 3>was announced yesterday to kind of odd that it was

0:41:30.960 --> 0:41:35.680
<v Speaker 3>announced the same day as this widespread sweeping reform of

0:41:35.719 --> 0:41:39.120
<v Speaker 3>the PGA Tour. But there will be effectively all star

0:41:39.320 --> 0:41:42.240
<v Speaker 3>competition all Star like competitions. It will be a screen

0:41:42.360 --> 0:41:46.400
<v Speaker 3>golf league played on Monday nights of tour events and

0:41:46.480 --> 0:41:50.000
<v Speaker 3>they will feature people like Roy McElroy and Tiger Woods.

0:41:50.040 --> 0:41:52.880
<v Speaker 1>They will be a team event. Uh you know. This

0:41:53.040 --> 0:41:55.560
<v Speaker 1>will be set up in partnership with the PGA Tour.

0:41:55.640 --> 0:41:57.920
<v Speaker 3>I think this is a obviously this was created by

0:41:58.000 --> 0:42:01.520
<v Speaker 3>Rory and Tiger another avenue for top players to make

0:42:01.640 --> 0:42:06.360
<v Speaker 3>more money and also opens the door. I think this

0:42:06.560 --> 0:42:09.719
<v Speaker 3>is like, you know, just from a business side of things,

0:42:09.880 --> 0:42:13.840
<v Speaker 3>a landmark thing opens the door for joint ventures effectively

0:42:13.960 --> 0:42:18.000
<v Speaker 3>with the PGA Tour and for profit profit ventures backed

0:42:18.000 --> 0:42:20.800
<v Speaker 3>by players. Really, you know, like this is you have

0:42:20.840 --> 0:42:22.680
<v Speaker 3>an idea, bring it to the tour and you can

0:42:22.800 --> 0:42:25.040
<v Speaker 3>do it in partnership. This has always been a closed

0:42:25.040 --> 0:42:29.840
<v Speaker 3>shop and this is a landmark, you know, in terms

0:42:29.880 --> 0:42:32.279
<v Speaker 3>of where the tour goes and the things that are

0:42:32.320 --> 0:42:35.719
<v Speaker 3>attached to the tour. I think it's a landmark, you know, situation.

0:42:36.600 --> 0:42:40.000
<v Speaker 2>Oh it's great. Finally some innovation, right, like get get

0:42:40.080 --> 0:42:42.720
<v Speaker 2>creative with it, get nuts, Like if they're hitting crazy

0:42:42.800 --> 0:42:48.000
<v Speaker 2>shots in these stadium like structures and crazy shots we've

0:42:48.000 --> 0:42:50.919
<v Speaker 2>never seen before. Fine, like put something on Prime Time

0:42:51.560 --> 0:42:53.440
<v Speaker 2>They're they're gonna. I think they're gonna do well. I

0:42:53.440 --> 0:42:55.440
<v Speaker 2>don't know all the details here, but I think they're

0:42:55.480 --> 0:42:58.560
<v Speaker 2>gonna do very well on this concept. And it's creative. Finally,

0:42:58.719 --> 0:43:02.439
<v Speaker 2>like this is excellent by Rory and Tiger. Yeah.

0:43:02.520 --> 0:43:05.360
<v Speaker 3>I mean you think about like a lot of companies,

0:43:05.440 --> 0:43:08.600
<v Speaker 3>like the one of the ways Salesforce became a really

0:43:08.880 --> 0:43:11.640
<v Speaker 3>big company. It was an open platform right where, which

0:43:11.719 --> 0:43:17.680
<v Speaker 3>means that other entrepreneurs, other innovators could build things on

0:43:18.080 --> 0:43:22.719
<v Speaker 3>their platform. Not all the innovation has to come from

0:43:22.920 --> 0:43:25.759
<v Speaker 3>within the moat at Mpanavidra.

0:43:26.239 --> 0:43:27.600
<v Speaker 1>And this is a great example.

0:43:28.080 --> 0:43:33.279
<v Speaker 3>Allow innovation to happen outside of your bubble and then

0:43:33.360 --> 0:43:35.920
<v Speaker 3>bring it in and profit from it. You know, not

0:43:36.120 --> 0:43:40.240
<v Speaker 3>may that are nonprofit, right, but allow this to continue growth,

0:43:40.400 --> 0:43:43.279
<v Speaker 3>Like all the growth ideas don't have to be your own,

0:43:43.600 --> 0:43:47.759
<v Speaker 3>right if you allow for open you know, collaboration with

0:43:48.280 --> 0:43:51.640
<v Speaker 3>other organizations. This is a really healthy way for the

0:43:51.760 --> 0:43:56.760
<v Speaker 3>tour to grow their revenue, build loyalty with their top players,

0:43:57.160 --> 0:44:01.240
<v Speaker 3>but also innovate, which is something that they've really struggled

0:44:01.280 --> 0:44:02.239
<v Speaker 3>with and.

0:44:02.280 --> 0:44:04.759
<v Speaker 2>I hate going there. But also a way to get

0:44:04.840 --> 0:44:07.360
<v Speaker 2>money to the most marketable players on your tour like this,

0:44:07.920 --> 0:44:10.400
<v Speaker 2>This is how you do it, not through some contrived

0:44:10.520 --> 0:44:15.000
<v Speaker 2>thing like the PIP so go this direction, like put

0:44:15.080 --> 0:44:17.480
<v Speaker 2>those players in the marketable players in a position to

0:44:17.520 --> 0:44:19.760
<v Speaker 2>profit off of their awareness. You don't have to calculate

0:44:19.800 --> 0:44:21.120
<v Speaker 2>some kind of awareness score.

0:44:22.239 --> 0:44:22.600
<v Speaker 1>All right.

0:44:22.719 --> 0:44:27.560
<v Speaker 3>So now with the a as JMI hand, like say,

0:44:27.680 --> 0:44:31.960
<v Speaker 3>irrational actor the live tour, do you how do you

0:44:32.040 --> 0:44:35.880
<v Speaker 3>anticipate their response? So do you do you foresee you know,

0:44:36.040 --> 0:44:38.560
<v Speaker 3>anything that they are going to do to attempt to

0:44:38.960 --> 0:44:41.319
<v Speaker 3>kind of what would be their next chest move.

0:44:42.400 --> 0:44:45.239
<v Speaker 2>I think it's just increasing the amount of money they're

0:44:45.280 --> 0:44:47.319
<v Speaker 2>paying to some of these players and trying to pull

0:44:47.360 --> 0:44:49.840
<v Speaker 2>them over. But now it's harder to pull some of

0:44:49.880 --> 0:44:54.480
<v Speaker 2>those top guys off. And I do think what's important

0:44:54.480 --> 0:44:56.279
<v Speaker 2>for the PGA Tour is to be involving all these

0:44:56.320 --> 0:44:59.000
<v Speaker 2>stars and the decisions like to be having those players

0:44:59.080 --> 0:45:03.480
<v Speaker 2>only meetings and for Hedeki Matsuyama to feel valued, your opinion,

0:45:04.000 --> 0:45:07.479
<v Speaker 2>you are wanted here. So it's it's gonna be harder.

0:45:07.560 --> 0:45:09.200
<v Speaker 2>But I think Live just has to keep throwing money

0:45:09.239 --> 0:45:11.439
<v Speaker 2>at these guys and figure out a way that they're

0:45:11.760 --> 0:45:15.239
<v Speaker 2>kicking off some of these players who have bad contracts.

0:45:15.520 --> 0:45:18.560
<v Speaker 2>I mean, yeah, you cannot have a closed off system,

0:45:18.880 --> 0:45:22.279
<v Speaker 2>so they need to figure out some way, which kind

0:45:22.320 --> 0:45:26.000
<v Speaker 2>of goes against their business model to have players flowing

0:45:26.120 --> 0:45:28.880
<v Speaker 2>between tours, whether it's like just the Asian Tour and

0:45:28.960 --> 0:45:31.440
<v Speaker 2>Live Tour. You can't have a closed off system. All

0:45:31.440 --> 0:45:34.960
<v Speaker 2>their world rankings are going to tank. So you can

0:45:35.040 --> 0:45:36.920
<v Speaker 2>sign those guys up, but they'd have to be committing

0:45:36.960 --> 0:45:40.000
<v Speaker 2>to never playing in majors unless they qualify another way.

0:45:40.040 --> 0:45:41.960
<v Speaker 2>That's that's the decision that players are making at this point.

0:45:42.560 --> 0:45:46.719
<v Speaker 3>It's why the tour's most you know, I think the

0:45:47.080 --> 0:45:49.520
<v Speaker 3>thing where you can be the most bullish on is

0:45:49.760 --> 0:45:53.239
<v Speaker 3>if they continue to push on this idea of the

0:45:53.320 --> 0:45:57.479
<v Speaker 3>most competitive tour. That was their best chip to play

0:45:57.760 --> 0:46:02.279
<v Speaker 3>against a organization with more money than them, like the

0:46:02.360 --> 0:46:07.200
<v Speaker 3>ability to financially reward players. You know, they can't compete

0:46:07.239 --> 0:46:10.480
<v Speaker 3>with Live. There and that's why it's so smart and

0:46:10.640 --> 0:46:14.560
<v Speaker 3>why every decision they make has to center around does

0:46:14.640 --> 0:46:17.040
<v Speaker 3>this fit with Rory's We are trying to build the

0:46:17.120 --> 0:46:19.759
<v Speaker 3>tour for the young, ambitious players who want to be

0:46:19.800 --> 0:46:23.080
<v Speaker 3>the best player in the world, because Live's system can't

0:46:23.160 --> 0:46:27.080
<v Speaker 3>compete with that, right and the only way they could,

0:46:27.320 --> 0:46:29.959
<v Speaker 3>I think is through the Asian Tour. But like you said,

0:46:30.640 --> 0:46:32.800
<v Speaker 3>that would go against a lot of players contracts, Like

0:46:33.120 --> 0:46:34.400
<v Speaker 3>how are they What are they going to say to

0:46:34.440 --> 0:46:38.279
<v Speaker 3>Henrik Stinton, who obviously he won, but the guy's washed,

0:46:38.760 --> 0:46:41.160
<v Speaker 3>He's not a not a top fight player anymore. What

0:46:41.280 --> 0:46:43.080
<v Speaker 3>are they going to say to Lee Westwood? What are

0:46:43.120 --> 0:46:45.880
<v Speaker 3>they going to say to James Piatt, you know, who

0:46:45.960 --> 0:46:48.480
<v Speaker 3>signed a contract, like isn't one of the better players

0:46:48.520 --> 0:46:51.000
<v Speaker 3>in the world. Like that's the that's the way they

0:46:51.080 --> 0:46:53.520
<v Speaker 3>can fight back is through this.

0:46:54.560 --> 0:46:58.520
<v Speaker 2>Yeah, but again I'm agreeing with you that the PGA

0:46:58.640 --> 0:47:01.279
<v Speaker 2>Tour what they can do offer the best competition, and

0:47:01.400 --> 0:47:03.600
<v Speaker 2>we're really close to it. We're not there yet, though,

0:47:03.640 --> 0:47:06.560
<v Speaker 2>and that you the point I want to make. We

0:47:06.880 --> 0:47:11.560
<v Speaker 2>have to reform the playoffs like this Without that, I'm

0:47:11.719 --> 0:47:14.719
<v Speaker 2>out on what happened this week. If they do that,

0:47:14.800 --> 0:47:17.320
<v Speaker 2>I'm fully in, Like, you can't. We can't call this

0:47:17.440 --> 0:47:20.520
<v Speaker 2>a success until you've figured out the whole schedule which

0:47:20.760 --> 0:47:24.200
<v Speaker 2>has to culminate in a special championship with only a

0:47:24.280 --> 0:47:26.080
<v Speaker 2>limited number of players, like eight to twelve.

0:47:26.160 --> 0:47:27.040
<v Speaker 1>So I'm with you.

0:47:27.160 --> 0:47:30.000
<v Speaker 2>That's the PGA Tour's best. That's the hand that they

0:47:30.040 --> 0:47:33.239
<v Speaker 2>can play. They haven't they they've moved towards playing it,

0:47:33.360 --> 0:47:35.560
<v Speaker 2>but they haven't fully played it. We have to see that.

0:47:36.239 --> 0:47:38.719
<v Speaker 3>Yeah, And I mean, I will say this, like the

0:47:38.800 --> 0:47:43.000
<v Speaker 3>big ideas are easy. The easiest thing is the big ideas,

0:47:43.360 --> 0:47:47.560
<v Speaker 3>And what concerns me is really the small details, the

0:47:47.840 --> 0:47:50.440
<v Speaker 3>little things like what and I think the Veedex Cup

0:47:50.480 --> 0:47:52.960
<v Speaker 3>playoffs are really a big part of it, but like

0:47:53.080 --> 0:47:57.719
<v Speaker 3>the the minutia of how guys get into fields, how

0:47:57.840 --> 0:48:01.360
<v Speaker 3>people qualify, like all these little d tails are the

0:48:01.520 --> 0:48:04.080
<v Speaker 3>things that are going to make or break this. And

0:48:04.320 --> 0:48:06.919
<v Speaker 3>I think there's a lot of celebrating and I think

0:48:07.040 --> 0:48:10.160
<v Speaker 3>that it is important because you know, it's there is

0:48:10.440 --> 0:48:12.800
<v Speaker 3>a right to celebrate, but it's not over yet. This

0:48:13.000 --> 0:48:16.320
<v Speaker 3>is we have you know, if you use another sports analogy,

0:48:16.600 --> 0:48:20.719
<v Speaker 3>we've won the we've won the division, and now we're

0:48:20.760 --> 0:48:23.560
<v Speaker 3>going to the playoffs. There's a celebration after winning the division,

0:48:23.719 --> 0:48:26.320
<v Speaker 3>but this is not done yet, and they need to

0:48:26.440 --> 0:48:29.040
<v Speaker 3>do a lot of work, a lot of hard work

0:48:29.520 --> 0:48:32.840
<v Speaker 3>on these minute details in order to make sure that

0:48:32.960 --> 0:48:35.600
<v Speaker 3>this is the smashing success that it could be.

0:48:36.600 --> 0:48:40.120
<v Speaker 2>Yeah, so real quickly on that. If we were talking

0:48:40.200 --> 0:48:45.480
<v Speaker 2>to Jamian right now or the commissioner Rory McIlroy. Part

0:48:45.520 --> 0:48:48.680
<v Speaker 2>of I think their hang up is tying a lot

0:48:48.760 --> 0:48:52.520
<v Speaker 2>of this playoff criteria to eligibility, Like they also announced

0:48:52.920 --> 0:48:55.400
<v Speaker 2>now that if you qualify for the Tour Championship, you're

0:48:55.400 --> 0:48:57.920
<v Speaker 2>gonna have a two year exemption. Like I think we

0:48:58.080 --> 0:49:03.480
<v Speaker 2>need to get away from this necessity to tie eligibility

0:49:03.600 --> 0:49:07.920
<v Speaker 2>and playoff criteria together. Like this is what concerns me

0:49:08.080 --> 0:49:10.320
<v Speaker 2>right now. You're saying thirty players are going to be

0:49:10.360 --> 0:49:12.160
<v Speaker 2>exempt for two years and you're also going to be

0:49:12.200 --> 0:49:16.759
<v Speaker 2>playing in the Tour Championship. That is worrisome. I think

0:49:16.800 --> 0:49:19.759
<v Speaker 2>we're potentially going to keep doing a Tour Championship that

0:49:19.840 --> 0:49:21.640
<v Speaker 2>doesn't make sense and that doesn't have a lot of juice.

0:49:21.719 --> 0:49:24.000
<v Speaker 2>How excited are people for the Tour Championship this weekend?

0:49:24.160 --> 0:49:27.080
<v Speaker 3>Like, I bet it should be a snochal think about

0:49:27.200 --> 0:49:30.520
<v Speaker 3>any other golf league or any other professional sports league

0:49:31.000 --> 0:49:34.759
<v Speaker 3>that's last game of the season is like the one

0:49:34.840 --> 0:49:36.360
<v Speaker 3>that gets the most poked fun.

0:49:36.280 --> 0:49:40.880
<v Speaker 2>Of Imagine imagine waking up in whatever, checking Twitter, checking

0:49:40.960 --> 0:49:44.560
<v Speaker 2>the newspaper and seeing, oh, Patrick Cantley is playing Rory today,

0:49:44.640 --> 0:49:47.919
<v Speaker 2>Like that would be fun. Let's have an eight person

0:49:48.000 --> 0:49:51.680
<v Speaker 2>match play, that'd be awesome. So, again, huge win for

0:49:51.719 --> 0:49:53.720
<v Speaker 2>the PGA Tour this week. They're moving the right direction.

0:49:54.200 --> 0:49:57.080
<v Speaker 2>We need this final piece to be checked off for

0:49:57.239 --> 0:49:59.960
<v Speaker 2>me to be fully on board with everything that they're doing.

0:50:00.280 --> 0:50:03.080
<v Speaker 2>So I'm steven on that vision, flexible in some of

0:50:03.120 --> 0:50:03.640
<v Speaker 2>the details.

0:50:04.040 --> 0:50:09.399
<v Speaker 3>Exemptions should be the most coveted thing that you can

0:50:09.480 --> 0:50:10.399
<v Speaker 3>get win.

0:50:10.520 --> 0:50:12.040
<v Speaker 1>Exemptions shouldn't exist.

0:50:12.480 --> 0:50:15.600
<v Speaker 3>Shouldn't get an exemption for winning Bermuda, shouldn't get an

0:50:15.640 --> 0:50:18.319
<v Speaker 3>exemption for winning John Deere, shouldn't get an exemption for.

0:50:18.360 --> 0:50:19.239
<v Speaker 1>Winning The Travelers.

0:50:19.480 --> 0:50:22.480
<v Speaker 3>In my opinion, shouldn't get an exemption for making the

0:50:22.520 --> 0:50:26.480
<v Speaker 3>Tour Championship. We've seen friend of the Pod Roberto Castro,

0:50:27.840 --> 0:50:31.440
<v Speaker 3>make the Tour Championship not retain his card the next

0:50:31.560 --> 0:50:37.000
<v Speaker 3>year two times. This is not You know, seasons are aberrations, right,

0:50:37.560 --> 0:50:39.520
<v Speaker 3>you know, so many times a player has a down

0:50:39.600 --> 0:50:41.680
<v Speaker 3>year and then a great year right after you know,

0:50:42.239 --> 0:50:44.879
<v Speaker 3>you know, great years can pop up. You can string

0:50:45.000 --> 0:50:48.600
<v Speaker 3>together eight hot weeks. You can string together one good

0:50:48.680 --> 0:50:52.040
<v Speaker 3>week and make the Tour championship if that one good

0:50:52.080 --> 0:50:55.879
<v Speaker 3>week comes at the right time. You cannot give out

0:50:56.080 --> 0:51:00.360
<v Speaker 3>exemptions like giving out a two year exemption should be

0:51:00.440 --> 0:51:05.040
<v Speaker 3>the most like valued currency on the PGA Tour. And

0:51:05.160 --> 0:51:10.360
<v Speaker 3>once again, exemptions, the idea of exemptions go completely against

0:51:10.719 --> 0:51:13.239
<v Speaker 3>the vision of we are trying to build a tour

0:51:13.360 --> 0:51:16.120
<v Speaker 3>for young, ambitious players who want to be the best

0:51:16.160 --> 0:51:21.360
<v Speaker 3>players in the world, because that those exemptions block the

0:51:21.520 --> 0:51:24.600
<v Speaker 3>young players coming up and having spots to play. It

0:51:24.760 --> 0:51:27.920
<v Speaker 3>blocks the free flow that you need in order to

0:51:28.000 --> 0:51:31.440
<v Speaker 3>get young players that are the Cameron Youngs of tomorrow

0:51:32.000 --> 0:51:33.600
<v Speaker 3>up as quickly as possible.

0:51:34.440 --> 0:51:37.560
<v Speaker 2>Right and I think again, to build on that, we're there.

0:51:37.880 --> 0:51:40.680
<v Speaker 2>The infrastructure is now laid that you don't have to

0:51:40.760 --> 0:51:43.080
<v Speaker 2>do that. If you have these fourteen events that are

0:51:43.120 --> 0:51:45.640
<v Speaker 2>the only ones giving out playoff points, you're not going

0:51:45.719 --> 0:51:48.000
<v Speaker 2>to have some of these names get filtered through to

0:51:48.080 --> 0:51:51.640
<v Speaker 2>the Tour championship because they picked off weak fields. Like

0:51:52.080 --> 0:51:54.239
<v Speaker 2>now we're in a place where we can eliminate that

0:51:55.080 --> 0:51:58.760
<v Speaker 2>let's implement it only playoff points for those fourteen events,

0:51:59.520 --> 0:52:01.920
<v Speaker 2>revised playoff structure, and now you have a season that

0:52:02.040 --> 0:52:03.719
<v Speaker 2>makes sense and you have the best players in the

0:52:03.760 --> 0:52:05.839
<v Speaker 2>world coming together to play meaningful golf.

0:52:07.160 --> 0:52:10.120
<v Speaker 3>All right, I think that's a great spot to stop. Joseph,

0:52:10.440 --> 0:52:14.080
<v Speaker 3>thank you again. People can find your writing at on

0:52:14.200 --> 0:52:19.080
<v Speaker 3>substack Finding the Edge. You also do analytics consulting for

0:52:19.960 --> 0:52:23.160
<v Speaker 3>high end golfers, so anybody that's interested in that can

0:52:23.239 --> 0:52:23.800
<v Speaker 3>contact you.

0:52:23.920 --> 0:52:25.400
<v Speaker 1>What how do they contact you for that?

0:52:26.200 --> 0:52:28.760
<v Speaker 2>You can reach out to me on Twitter at Joseph

0:52:28.880 --> 0:52:31.680
<v Speaker 2>Lamanya l A m A g NA, my emails on

0:52:32.040 --> 0:52:35.240
<v Speaker 2>my substack as well. But I think the yeah, schedule

0:52:35.280 --> 0:52:39.839
<v Speaker 2>optimization maybe has ventured into the PGA Tour hopefully taken

0:52:39.880 --> 0:52:42.160
<v Speaker 2>some of the ideas. So Andy, if you want to

0:52:42.800 --> 0:52:45.640
<v Speaker 2>co own a little schedule optimization business for the PGA Tour,

0:52:45.719 --> 0:52:46.759
<v Speaker 2>I'm in all right.

0:52:46.880 --> 0:52:50.920
<v Speaker 3>Well, you know we'll see the optimization will be limited

0:52:51.120 --> 0:52:54.240
<v Speaker 3>if if they if they don't give up playoff points

0:52:54.320 --> 0:52:57.000
<v Speaker 3>for everything, but if they do, if they continue to

0:52:57.080 --> 0:53:00.719
<v Speaker 3>do that, optimization will give give a big edge to

0:53:01.120 --> 0:53:03.640
<v Speaker 3>anybody that's looking to get it. You know, I didn't

0:53:03.680 --> 0:53:06.520
<v Speaker 3>ever think about Sugjay as a manipulator.

0:53:05.960 --> 0:53:09.040
<v Speaker 2>But he is Oh no, that's not my message.

0:53:10.800 --> 0:53:13.359
<v Speaker 3>So all right, Jesseph, thank you so much for coming

0:53:13.400 --> 0:53:16.440
<v Speaker 3>on and we'll talk to you soon and have a

0:53:17.160 --> 0:53:20.000
<v Speaker 3>Hopefully this goes to the right direction and you really

0:53:20.239 --> 0:53:21.560
<v Speaker 3>I hope you really enjoy.

0:53:21.440 --> 0:53:23.000
<v Speaker 1>The Tour Championship this weekend.

0:53:23.239 --> 0:53:23.919
<v Speaker 2>I can't wait.

0:53:35.040 --> 0:53:37.880
<v Speaker 3>Thank you for listening to another edition of the Frida

0:53:37.920 --> 0:53:41.840
<v Speaker 3>Egg Podcast. Today's episode was edited by the great Meg Atkins.

0:53:42.080 --> 0:53:42.799
<v Speaker 1>Thank you Meg.

0:53:43.680 --> 0:53:47.600
<v Speaker 3>A quick reminder, our pro shop is fully stocked and loaded.

0:53:47.760 --> 0:53:50.720
<v Speaker 3>Next week we will be having a Labor Day sale,

0:53:51.320 --> 0:53:54.200
<v Speaker 3>so starting kind of early next week, I think we'll

0:53:54.239 --> 0:53:58.560
<v Speaker 3>probably do an automatic discount, So visit proshop dot thefridagg

0:53:58.600 --> 0:54:01.120
<v Speaker 3>dot com and keep an eye out.

0:54:01.040 --> 0:54:02.919
<v Speaker 1>Next week for our Labor Day sale.

0:54:03.440 --> 0:54:06.160
<v Speaker 3>Thank you, and we will be back early next week

0:54:06.239 --> 0:54:08.400
<v Speaker 3>with another episode of the Friday