FedEx renews as Tour sponsor
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