FedEx renews as Tour sponsor

Updated: February 22, 2012, 11:13 AM ET
Associated Press

MARANA, Ariz. -- The PGA Tour is keeping the FedEx Cup for at least five more years with a significant sponsorship renewal.

Commissioner Tim Finchem announced Wednesday that FedEx has extended its umbrella sponsorship through 2017. That's the final piece of sponsorship renewal that the tour navigated through a troubling economic climate.

Finchem already has kept the PGA Tour fully sponsored -- only Tampa, Fla., is missing a title sponsor -- along with extending the television agreement through 2021. Now it can keep its FedEx Cup, which culminates with four big events and a $10 million bonus for the winner.

Finchem did not discuss the financial details, though he says there will be "some growth" during the next five years. The FedEx Cup offers a total bonus pool of $35 million.


Copyright 2012 by The Associated Press