Jay Monahan is at TPC Deere Run in Illinois, where the John Deere Classic will be played starting Thursday, July 4. Monahan answered questions from the press about the event, and the main focus was on negotiations with the Public Investment Fund (PIF).
Golf Channel reporter Amy Rogers reported through her X account that Jay Monahan has held talks with the PIF of Saudi Arabia on the same terms as during the Travelers Championship. In addition, Monahan announced that he would not negotiate “in the media”.
Amy Rogers posted the following:
“When Monahan was asked to provide an update on the progress of negotiations between the PGA Tour/PIF since his last update at the Travelers Championship two weeks ago, he repeated the same comments from Travelers. , saying that he does not negotiate with the media and said that negotiations are ongoing.
Negotiations between the PGA Tour and the PIF have been ongoing for more than a year June 6, 2023, so-called framework agreement was reached, according to which the final contract is being negotiated, but this has not yet been finalized.
Negotiations were originally planned for the end of last year, but were extended because the contract was not ready. It was hoped that the two sides could announce a deal before the Masters, but that didn’t happen either.
What did Jay Monahan say during the Travelers Championship?
Jay Monahan spoke about negotiations between the PGA Tour and the PIF two weeks ago in the days leading up to the Travelers Championship. Monahan did not provide any further details, except that the parties are in frequent communication.
Speaking about the meeting of the PGA Tour negotiating team, which includes Tiger Woods, Adam Scott and Rory McIlroy, held in New York with his PIF counterpart, Jay Monahan said it was a very productive meeting.
Monahan also weighed in on the validity of the “framework agreement,” which he said had lost much of its substance and had been replaced by new initiatives. He said (via Golfweek):
“I would say that the framework agreement is still relevant, there are aspects of it that are still in play, but I would say that we all stepped back and started from scratch, especially with the introduction. of our transaction committee, the involvement of the players”.
Monahan also revealed that executives at Sports Strategic Group (SSG), which became a major partner of the PGA Tour a few months ago, view the global golf course as “very defiant”. Monahan named Arthur Blank, Sam Kennedy, Andy Cohen and Joe Gordon among those leaders.
Monahan declined to reveal a likely date for the end of the negotiations..
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