PGA Tour acquires Canadian Tour

Updated: October 18, 2012, 4:55 PM ET
Associated Press

PONTE VEDRA BEACH, Fla. -- The PGA Tour has acquired the Canadian Tour, giving it smaller circuits north of the border and in South America as a potential starting point to reach the big leagues. Tour cards will be awarded to the top five players on what now will be called "PGA Tour Canada," with the next five players given exemptions into the final stage of qualifying school for the Tour. The Canadian circuit will have at least eight tournaments next year, each with prize money of about $150,000.

The tour previously started the PGA Tour Latinoamerica, which began in September and features 11 tournaments.

Each tour will have separate Q-schools for potential members.

The PGA Tour this year provided funding and other services to the Canadian Professional Golf Tour.

Copyright 2012 by The Associated Press