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PGA Tour commissioner Jay Monahan has outlined these changes in the wake of the LIV Golf threat.
"Your profession is approaching a historic crossroads," the Premier Golf League has said to the players who are tempted to join the LIV Golf Invitational Series.
The Premier Golf League is not related to the Saudi golf league and it laid out its financial intentions and event plan to Rory McIlroy.
"This will be an extremely bitter blow for human rights defenders and others suffering persecution in Saudi Arabia"
The Premier Golf League has released the full details and structure of its proposal to change professional golf forever.
The competition is scheduled to begin in January 2023 and it would include 18 tournaments that will target the top 48 men's players in the world.
Phil Mickelson is one of the four players who was recently offered $30 million to join the Premier Golf League.
The four-time major winner said he was first contacted by the PGL back in 2014, but he remains against the idea and believes there is no better structure in golf than the PGA Tour.
The PGL has offered some of the biggest stars in golf serious money to join the Saudi-backed golf tour, but Webb Simpson believes money isn't as appealing as it once was.
The Saudi-backed Premier Golf League has certainly not gone away and according to The Telegraph, some of the biggest stars in the sport have been offered serious money to join.
Brooks Koepka and Jon Rahm have joined Rory McIlroy in saying they won't be joining the proposed Premier Golf League and will be committing to the PGA Tour.
Golf Channel analyst Brandel Chamblee has ripped into the Premier Golf League, saying the money comes from a "sewer."
PGA Tour Commissioner Jay Monahan plans on significantly increasing the prize money at The Players Championship and FedEx Cup, in a bid to fend off the current threat from the Premier Golf League.
Rory McIlroy believes "streamlining" the golf season would be beneficial for players and fans.
In a recent interview with the Daily Mail, Justin Rose reveals that the proposed Premier Golf League is being discussed in the locker room on Tour.
Greg Norman thinks that the proposed World Golf Tour has more potential than his bid 25 years ago.