Dunne: TOUR loyalists to receive equity in new for-profit enterprise
Jimmy Dunne outlined compensation plans for players who remained loyal to the PGA TOUR.
Dunne - the TOUR policy board member who architected Tuesday's stunning deal with the Saudi Public Investment Fund and DP World Tour - said players who didn't leave for LIV Golf will receive equity shares in the new for-profit enterprise.
"The new (company) would grow, and the (current PGA TOUR) players would get a piece of equity that would enhance and increase in value as time went on," Dunne told ESPN's Mark Schlabach on Friday. "There would have to be some kind of formulaic decision on how to do that. It would be a process to determine what would be a fair mechanism that would be really beneficial to our players."
PGA TOUR commissioner Jay Monahan expressed his intent to reward players' loyalty Wednesday.
Multiple PGA TOUR stars turned down guaranteed contracts in excess of $100 million from LIV Golf at the encouragement of the PGA last year.
Bryson DeChambeau, who received more than $125 million to join LIV Golf, said Tuesday that he felt bad for those TOUR members following the merger.
"They were told one thing, and something else happened," he said, adding, "It does stink a little bit from my perspective that the PGA TOUR players are not necessarily winning. I hope they can find a way to make sure that they are valued in the same way that we are over at LIV. I think that'll happen. It's just going to take some time."