The PGA Tour is evolving

This is the best of the Adam Gold Show Podcast brought to you by Coach Pete at Capital Financial Advisory Group.

Visit us at capitalfinancialusa.com. This is the Adam Gold Show. From Sports Illustrated, joining us now on the Adam Gold Show, among other things, author of Tiger and Phil Golf's Most Fascinating Rivalry, which actually might even have a new chapter. You might have to write an addendum, Bob, considering Tiger has been very omnipresent with this tour, and Phil is obviously largely responsible for Liv. But let's start with the announcement of, I guess, the new future of golf.

12 elevated events starting in 2023. How did they get this done so quickly, Bob? Yeah, Adam, it makes you wonder why they didn't do it sooner.

Right. Because if they had, maybe there wouldn't be Liv golf. And certainly, you know, say what you want about what Phil said earlier this year. But that had an impact on this stuff happening. I mean, some of these things are what Phil talked about, you know, and so they did. I'm surprised it's all happening next year.

I would have thought it would have taken longer to pull this off. But, you know, clearly they feel a need to act. You know, they've been bleeding players here all summer long. It sounds like they might get a few more to go over to Liv next week. And you just can't continue to have that happen if you want to say that you've got the best players in the world competing on your tour. So it's a pretty significant revelation today by the commissioner. Bob Heron from Sports Illustrated is joining us here on the Adam Gold Show. I get the sense that, and we're going to talk about Rory McIlroy here in a minute.

And I know you said the word tomorrow, and that actually comes up today as well. But I get the sense that the meeting last week in Wilmington, Delaware, with Tiger Woods and Ricky Fowler, which I don't think enough attention was paid to the fact that Fowler was on board that plane. But those guys flying up and getting the top players all in a room, and all the word coming out of it was that the players were united, unanimous in their support for whatever they discussed.

I really felt like that kind of stopped the momentum of Liv Golf. I'm not sure, other than Cam Smith, how many players of significance are going to make that leap now. Am I just more optimistic than I should be? No, I think there's reason for optimism in that regard. I mean, if you were wavering, the tour has given you lots of reasons now to stay on board. If you want guaranteed upfront money, you're going to go to Liv. Because you're not going to get that from the PGA Tour.

They just are not going to do that. They announced this thing where everybody's going to get $500,000 to start the year. That only does you any good if you don't make $500,000. Let's say you had a bad year and you only made $200,000. You'd get to keep the rest. That's a start to me. That means that, okay, I can start the year and know I've got at least $500,000.

If I go beyond that, obviously, I'm fine anyway. That's been a big issue, frankly, among all this, is guaranteed pay. These guys on the PGA Tour at events that have cuts, they're part of the show. They're there for the Pro-Am in two rounds. If they miss the cut, they get zero.

Yet, the tour, the local entities are selling tickets, TV rights, showing them, and they're not getting paid. That's a problem. Now you can push against that argument. Okay, look, you're still getting this $500,000 to start the year.

If you don't have a good year, you've at least got that. I don't think anybody should have a problem with that. Bob Herrick from Sports Illustrated is joining us from the Tour Championship. The format has come under some discussion, but if we have time, we'll get to that. It's so inconsequential based on everything else that was announced today. Tiger Woods is responsible, probably, for where we are.

But where would the tour be without Rory McIlroy's week-in, week-out leadership, public-focused leadership that really began all the way back in February? It's important. You need a strong voice. You need mature voices.

You need voices of reason. Rory has all along acknowledged the tour can do some things better. That gives him credibility because that means he's not just a tour shill. He's not just talking in favor of the tour. He's acknowledging, look, this is a great place to play. It's the best tour in the world, but we can do some things better.

They came up with some ideas. This idea of getting you to play 20 tournaments and 17 of them are really the ones you're going to have to play. The way I understood the announcement, and we're still unpacking a lot of it, is the 12 elevated events, plus the majors, plus the players. That's 17 events. Even right now, even though the Genesis, which is Tiger's tournament, the Arnold Palmer, the Memorial, Jack Nicklaus' tournament, those tournaments get really good fields, but you're not required to play them.

They don't always get them. Now you will be required to play them. My guess is the only ones that you wouldn't be required would be the season-opening tournament of champions. You have to qualify for that, the world match play, but in theory, if you're one of these top guys, you're going to be in those events. A lot of guys skip the match play.

It doesn't look like they're going to be able to now. Rory was obviously a big proponent of all this, so good for them. No matter where you sit on the live idea, all throughout time, we've wanted the best players together more often. Now we're going to get that.

Adam Gold in studio with my friend Coach Pete DeRuta with the Capital Financial Advisory Group. We are talking retirement. Coach, how does longevity risk figure into our retirement and income plan?

This is the best of times and the worst of times, Adam. The longevity risk means we're going to live too long, but to me, every day I live is not too long. So we want our money to outlive us. And unfortunately, many people have seen you out there listening, maybe one of them, your money is not designed to outlive you. You might outlive your money and that's not what we want to have happen. Because when we get to that day after you run out of money, it's not going to be a fun time. So let's design a plan that guarantees you'll never run out of money. We call it the GPI plan, Growth Protection Lifetime Income, for the next 10 people. This is a golden ticket, Adam. A thousand dollar value, we're going to do it at no cost or obligation. And all you have to do is call, we make it so easy.

Would you like financial independence into your retirement? And beyond it, 800-661-7383, that golden ticket is a $1,000 value. Or you can text Adam to 21000 for Coach Pete DeRuta. Yeah, Rory talked earlier today about when he watches a Tampa Bay Buccaneers game, he knows Tom Brady's going to be throwing a football. When he watches a Formula One race, he knows Lewis Hamilton's going to be in a race car.

We don't always have that. We've rarely had that in terms of the top players all in the same event on the PGA Tour. That didn't involve a major or the players championship. I also think that it's interesting that part of the commitment is to three events outside of that group of tournaments. So whether it's Wyndham here in Greensboro or Detroit or Travelers, those guys have committed to 20 events. Tiger would have never committed to this, Bob, during his heyday. Tiger would have never committed to playing 20 events.

Yeah, I mean if you go back and look at his career, in the early days he would play 20, but not too many times in the last 15 years. The other three events is important, I think, to keep those sponsors happy. It means they have a chance at getting some of these guys. And frankly, you might hope that some of those tournaments get rotated.

There's four elevated events they didn't announce, perhaps those will be rotated. And that can help in those markets. That's a very important factor. But without all the details right now, if you're, say, the Valspar Championship, which follows the Arnold Palmer and the players and precedes the match play, you're in a tough spot.

You're in a tough spot right now. So there are some things they still have to work out about this. Because how is a tournament like that supposed to survive? If you're having to play in those other three events, that's an easy week to skip.

And even if you're required to play three others, it's unlikely you're going to play four in a row. So they've got some stuff to work out for sure. Well, there was always going to be issues when you're going back to a schedule between January and August to try to cram all of it in. It actually will be the first time we've had a schedule that is wholly contained between January and August. Because the schedule used to go into September and even all the way to November for the old tour championship.

And now we have the wraparound schedule, which a lot of players didn't like. So is the fall, is your sense the fall still going to be used as sort of a qualifying series for the tour? Or is the fall going to be left vacant for just silly season events? Well, starting next month it's going to be as it's been. They've got one more wraparound season. But in 2024, after the tour championship, the fall events are going to become basically a way to keep your card if you didn't already.

And this is the way it was pre-wraparound. When they first started the FedEx Cup, they played a bunch of events in the fall that allowed you to maintain your position. You could be a top player and still play them. It's just not going to enhance your previous season, nor will it help you for the following season.

That's good. We should cede the fall to that type of golf. Because that is not the high level golf. That is the type of golf that the hardcore people like myself are going to be into.

But let's be honest, this is a commercial entity. The tour has probably for too long cared too much about the masses and not enough about the stars. And every other sport has a defined window. It's the reason why people right now can't wait for college football to start, for the NFL to start. It has a defined season.

If those seasons were played out over eight months or nine months instead of four or five, I don't think they're as popular. Every game is so important. How can every golf tournament be important when there's 47 of them? When you knock that down to 38, 35, now that's a lot better.

It's a lot more contained. And now that we know that these guys will probably be in 20 of them, now you've got a chance to where for the majority of every month, we're going to see the top guys. NASCAR does it. All their drivers are in every race barring an injury. The Formula One guys, the same thing. NFL players, they try to play 17 out of 17.

Baseball 162. There's no reason why the PGA Tour can't. I'm not saying it's just golf, but it's just golf.

Nobody's hitting you. Bob Herring from Sports Illustrated, the author, Tiger and Phil, golf's most fascinating rivalry. I can't wait till Greg Norman comments on this. I thank you very much. Enjoy Eastlake, and we'll talk down the road. Thank you, sir.

Appreciate you having me. Interesting is that on my tweet deck on my computer, that's how I get Twitter. I have a column for live golf. This is my shocked face.

Right, exactly. This is legit my shocked face. I have a lot of, like I have a hurricanes column as well. Actually, one hurricanes, one hockey. But I have a live golf. And earlier when the PGA Tour made this announcement today. How familiar are you, Dennis, with the Price is Right?

I love the price. Are you kidding me? So the like halftime entertainment in the Price is Right, where they spin the wheel. Oh, yeah. That's what it looked like when the PGA Tour made the announcement today. Okay, the the live golf. Hops were so up in arms about this that my timeline looked like it was just a constant speed scroll. Nice.

It was so much action because this really is, I think. A way to stop live, not to end live golf. Live golf is not going away because the truth is, is that live, I think, serves a purpose for the Sergio Garcia's of the world. They're no longer a top PGA Tour player, but they have a name. And it's going to be ultimately, I think live golf will end up being the pre champions tour.

The guys who are done really dominating and competing at a high level on the PGA Tour. That'll that'll be their home. For whatever that's worth. But the young players who are making this decision is not going to work out. It's not going to work out. Well for all right when we come back to things.

I want to get into in a short period of time. The one is a little bit more about week zero and chip Patterson will join us at the top of the hour to talk about it. And the other is I was trying to build depth chart for the Carolina Hurricanes and it ain't easy. No, it's not. It is not easy. There are a lot of moving parts with both of those in a short period of time next. June 19th, 2006, but it all started May 6th, 1997 with the announcement that the Hartford Whalers were coming to North Carolina.

It's a story of transition of heartbreak of figuring it out on the fly. The Canes Corner look at the 25th anniversary of the move presented by the aluminum company of North Carolina. Listen now find James 25th anniversary wherever you get your podcast. I am Adam Gold Dennis Cox on the ones and twos so little feet day. I saw I checked out as we were heading into Bob Herrick.

Yeah. Well, to be honest, I'm a fan of this song willing. Well, it's great, but I'm more of a Steve Earle fan version of this. Okay, let me I'm going to direct you to an album going to give you some some musical advice and I know you like music. So especially your cat you have an old soul when it comes to music. I have a weird blend when it comes to music get waiting for Columbus live a live disc of little feet. Okay, it is amazing. The version of this song on that is great fat man in the bathtub, which is the first track on that live album is outrageously good.

From which venue waiting waiting for Columbus. Yeah, just live live. It's a lot. It's a lot. I think it's a show. Yeah.

Well, I see there's well, I guess it's a blend here because they're from London and Washington DC. Okay, so it's multiple shows maybe but it is it is a tremendous tremendous album. So record you just pop that in when you're when you're doing squat lifts or whatever you do at home squat. I have no idea. I don't know what I'm talking about.

What is a squat? I don't know what it is. I just made it up. You should do that though. Yeah, your five sets of a hundred. All right, so listen to that and you'll be you'll be all set.

All right, two things. I want to get to in this segment chip Patterson at the top of the hour. Look, I know everybody's excited for college football. I know everybody's excited for the start of the college football season. It's just hard to call this week week zero. Yeah, the start of college football chip. However at the top of the hour will geek out about every game on the week zero schedule.

He is that way. That's why we have chip on chip is amazing. This Northwestern game is not in Evanston. It is not Nebraska at Northwestern. It is Nebraska and Northwestern in Ireland. It's a big 10 matchup to it is a big 10 actually, I believe Ireland is within the big 10 footprint now. Yes, I think it is so because of Notre Dame. My question would be what did Ireland do wrong that we sent them Nebraska at Northwestern? Is are we had are we in conflict is was there a war declared that I was not aware of maybe this the they they just had the u21 men's lacrosse champion. Did they oh, that's where it was. Yeah limerick.

Oh, that's right. It was a limerick. I challenge you to make a limerick out of it.

You didn't do I did not so maybe this is the balance to it. It's like hey, you just got something great. Now you got to watch now.

Now you have to endure this. Yeah, look Nebraska is one of those programs that enjoyed so much success for about 30 years. The Tom Osborne years and even the Frank Solich years. So from like the early 70s all the way through just about to 2000 to turn the century Nebraska was pretty stout.

It ain't that it ain't happening anymore. They have an incredible fan base and a huge Stadium and they had this long long sellout streak and I don't really know if it's intact or not. But the program they just know natural recruiting base. They are in a league where they're just there. Nebraska and Iowa have you know, some sort of a rivalry. I think that's the game. That's a game that ends the season but Nebraska's traditional rivals. I believe they play Oklahoma this year.

That would be that's good. I mean the Oklahoma Nebraska game. There was a time where there were like three or four must-see college football games every year and Nebraska, Oklahoma was one of them. Yeah, Nebraska, Oklahoma. Oh big eight matchup. Yeah, you know, Florida State, Miami, Ohio State, Michigan. There was a USC UCLA when that was a much bigger deal. There was just a handful of games in Nebraska. Oklahoma was always one of that one of those games September 17th at Nebraska.

There you go. So it's good to see that game back. But honestly, Oklahoma probably beats Nebraska by a hundred. Yeah, what it'll mean it.

I don't think it will be as bad but I don't think Nebraska's winning that game. So but that's a program that desperately wants to be back. I just don't know if they'll ever get back and Scott Frost has been less than successful in getting them back there. The other thing that I wanted to grab real quick and we're going to talk to Paul Stasney brand new Hurricane Forward Center coming up in our third hour, but the the depth chart is ever crowded for the Hurricanes.

Remember in the among the forward group, they re-signed more teenagers. They brought in Max Pacioretty. Pacioretty gets hurt. So he's most likely headed for long-term IR unless they make some other move which would allow them to not send him to long-term injured reserve for salary cap reasons. He's coming back in February late February early March.

He's going to be back. So when he comes back, the Hurricanes must be cap compliant and they're right now about two and a half million over the cap. So when Jack Drury makes the team, they'll be about three and a half million over the cap. So they'll need his long-term injury relief to get under the cap unless they are able to move Jake Gardner, which is frankly a long shot. But you've got Svechnikov and Jarvis and Naches and Taravainen and Faust and Martinuk and Andrei Kasha as well as Paul Stasney who they've just added. Derek Stepan is here on a professional tryout who has a chance to make maybe not make the opening night roster, but be on the team. There's also other young players that might dot the forward group. A long shot, yes, but you don't want to close the door to anything. There's a lot of options for Rod Brind'Amour.

A lot. I think they're ultimately going to put Pacioretty on long-term IR so they can clear the cap room to do all of this. But there's a lot of choices for Brind'Amour. The only thing he doesn't have really is a righty who's going to take faceoffs.

Derek Stepan could, but Derek Stepan is probably a long shot for the opening night lineup. He really is. This is the Adam Gold Show. June 19, 2006, but it all started May 6, 1997 with the announcement that the Hartford Whalers were coming to North Carolina. It's a story of transition, of heartbreak, of figuring it out on the fly. The Canes Corner look at the 25th anniversary of the move presented by the Aluminum Company of North Carolina. Listen now. Find Canes 25th Anniversary wherever you get your podcasts.