But the sagging
economy is already being felt by tournaments on next year's West Coast swing.
Officials for the Sony Open in Hawaii report having lost a half-dozen longtime
corporate supporters, and the title sponsor of the FBR Open, a
financial-services company, has already made it known that it will be
entertaining less during tournament week in Scottsdale, Ariz. The biggest
effect of this downsizing will be on the charities supported by the individual
tournaments, since their money comes out of the net proceeds, which are propped
up by corporate schmoozing.
The players are
already coming face-to-face with the harsh realities of the current financial
climate. "Our economy is sound—it's everybody else who's hurting," says
Love. "I played in the pro-am this week with a car dealer and an investment
banker. They're feeling the pain. I mean, I have 10 buddies who worked at
Lehman Brothers. Jeez, we have it made compared with those guys. My wife asked
me why I was playing all six Fall Series events. It's because the money's out
there, but you have to go get it."
Love is fifth on
the alltime money list, with more than $36 million, and lives pretty large, but
thinking ahead to next year, he says, "I'm definitely looking to cut back.
The easy way to do that is the [private] plane. Right now guys are spending
$200,000, $300,000 a year to $1 million--plus. It's definitely a
luxury."
Some players have
already begun to downsize, according to Ed Lynch, the player liaison for
Sentient Jet, the official private jet company of the Tour. "We've seen
players start to change their habits a little," Lynch says. "If they
make the cut, they fly private on the way home; if they miss the cut, they fly
commercial. Everybody's being cautious about their spending."
Prize money may
be insulated from the downturn, but that's not the case in the endorsement
market, where the climate is quickly changing. Says David Winkle, an agent at
Hambric Sports Management, "A month ago we were closing in on a deal with a
major automobile manufacturer for one of our players. When the stock market
began declining sharply, everything stopped. The company went from putting it
on the back burner to totally pulling the plug in a matter of weeks."
THE EASY money
from equipment deals, long taken for granted by the players, is also beginning
to dry up, or at least that's the word on the practice tee. (The manufacturers
love free publicity, but it is a measure of their current jitteriness that reps
from Nike and Titleist declined to comment for this article.) The rich will
always get richer—Anthony Kim is the biggest free agent this off-season, and
Nike is expected to break the bank to re-sign him—but members of the Tour's
middle class are a lot more expendable. "The journeyman pros are likely to
get squeezed," says Brad Buffoni, an agent at SFX Sports, which manages
three dozen Tour players. "I think the days are gone when having a PGA Tour
card meant someone would automatically give you a silly amount of money. The
basic tenets of sports marketing need to matter more now. Results, personality,
the whole package must be there."
For all these
rumblings, Vegas was a reminder that the Tour can present an artistic and
commercial success even in the toughest times. The local housing market has
been hit hard, but corporate entertaining increased 10% over last year, and
gate attendance was up a whopping 50%, thanks mostly to the tireless
promotional efforts of Timberlake and his presence during tournament week. He
was the star of the Wednesday pro-am, clowning with his friend Ellen DeGeneres
and eliciting squeals from the large gallery, which skewed young and female.
Afterward, Timberlake said it was his "mission" to persuade more of his
A-list pals to play in the years ahead. He was back on the property last
Saturday afternoon for a clinic alongside Butch Harmon, conducted at a packed
range in front of oodles of Shriners patients and First Tee kids who had been
bused in for the occasion. Fred Couples dropped by to donate his time and
expertise, a nice gesture from a superstar who probably would have preferred to
rest his aching back.
ON SUNDAY the
fans were treated to a lively birdie binge by the leaders, and the tournament
got a nice winner in Marc Turnesa (box, G8). Timberlake was on hand to present
the trophy, which also came with $738,000. Everyone was all smiles, and for a
minute it was easy to believe the good times would never end. As long as Tiger
Woods gets healthy and stays hungry, there is no doubt that the Tour will
survive this downturn, and it may even prosper, as Finchem hopes. But the age
of excess is already over, even if the players are only beginning to realize
it.
"Our job is
no longer simply about hitting golf shots," says Tom Pernice, a 23-year
veteran. "We need to do everything we can as players to help these
companies maximize their investment in the Tour. That means in the pro-am we
have to engage their clients and their guests. It means doing the little
things, like stopping by corporate tents to shake hands or volunteering for
clinics. It's going to take a different mind-set from all of us, especially
from the younger guys."
As Pernice left
Vegas, he was looking ahead to a players' meeting at this week's Frys.com Open.
"You can guess what is going to be the Number 1 topic," he said.