January 2025 Industry Report
Test your knowledge…true or false…
Questions…
- Before the use of tees it was common for golfers to use a small pile of sand.
- A man has won an event on the LPGA Tour.
- A woman has won an event on the PGA Tour.
- The oldest golf course in the world is The Royal and Ancient Club of St. Andrew’s in Scotland.
- St. Andrew’s set the standard for number of holes in a round (18) and size of the hole (4.5 inches).
- Golf balls travel significantly further on hot days than on cold days.
- The word caddie originated from the French explorer Antoine de la Mothe Cadillac.
- 80% of golfers will never play to a handicap of less than 18.
- Golf is the only sport to have ever been played on the moon.
Answers…
- True
- True, Sam Snead in 1962
- False, five women have played in PGA Tour events with only one (Babe Zaharias, 1945) making a two-day cut.
- True
- False
- True
- False, it came from the French word for student, “cadet.”
- True
- False, on Apollo 14 an astronaut tossed a javelin
Ryder Cup Payments
Players for Team USA will be paid to play in the Ryder Cup for the first time under a new PGA of America program.
Each player will receive a $200,000 stipend and $300,000 to distribute to charity.
Non-profit Status Warranted?
According to the PGA Tour’s 2023 tax return, Jay Monahan is the second highest paid of all chief executives in sports with more than $23 million in regular and deferred compensation. His base salary was $1,887,096 with $12.1 million in bonuses and compensation.
So much for a what the IRS considers a non-profit tax exempt organization!
Guest Fees Up and Down
The average price of a tee time (across all types of facilities) has jumped 29.2% since pre-COVID.
State with the largest increase in guest fees: Idaho (+75.4%)
State with the largest decrease in guest fees: Alaska (-3.5%)