SportsBusiness Daily — Sports Business Resources — your sports business news and information source. Learn More
Advanced
Home About Us Advertise With Us Marketplace/Classifieds College & University Program Subscribe/Trial My Account

Tuesday
January 8, 2008
Print This Issue


 
MOST VIEWED STORIES
View the top 20 stories
 
Recent Issues
Leagues & Governing Bodies

FedEx Delivery: Finchem Earned $5.2M in '06, Up $1M From '05

Filings Show Finchem Received
Bump In Salary In '06
PGA Tour Commissioner Tim Finchem earned $5.2M in '06, up from $4.2M in '05, according to recent tax filings cited by Jon Show of SPORTSBUSINESS JOURNAL. Finchem and other Tour execs received compensation from PGA Tour Inc., the nonprofit organization which oversees the PGA Tour, Champions Tour and Nationwide Tour, and from PGA Tour Holdings Inc., the wholly owned private subsidiary that manages the network of TPC courses. Finchem received $3.9M income from PGA Tour Inc., consisting of $922,500 in salary and almost $3M in "incentive bonuses," up from $3.16M in '05 and $3.05M in '04. PGA Tour Holdings paid $1.3M of Finchem's salary, up from $1M in both '05 and '04. For "accounting purposes, the two entities also recorded more than $1[M] in benefits payable after Finchem's retirement," down from more than $2.5M in '05.  PGA Tour Exec VPs & co-COOs Ed Moorhouse and Charlie Zink were the "next highest paid tour employees," each earning $1.3M from PGA Tour Inc. and PGA Tour Holdings (SPORTSBUSINESS JOURNAL, 1/7 issue).


Get A Free Trial To SportsBusiness Daily

Reader Comments

To post comments on this article, log in or register for a free trial.

Related Stories By Company Related Stories By Sport
Tiger Not Among China's Most Popular
November 6, 2009 : SportsBusiness Daily

PGA Tour Reno-Tahoe Faces Local Competition
November 4, 2009 : SportsBusiness Daily

Reno-Tahoe Open In Search Of Title Sponsor
November 4, 2009 : SportsBusiness Daily

PGA Tour Cancels Viking Classic
November 2, 2009 : SportsBusiness Daily

PGA Tour Signs U.K. Licensing Deal
November 2, 2009 : SportsBusiness Daily

Tiger Not Among China's Most Popular
November 6, 2009 : SportsBusiness Daily

Ryan Moore Inks Deal With Scratch Golf
November 6, 2009 : SportsBusiness Daily

PGA Tour Reno-Tahoe Faces Local Competition
November 4, 2009 : SportsBusiness Daily

LPGA SoCal Event To Be At La Costa Resort
November 4, 2009 : SportsBusiness Daily

Reno-Tahoe Open In Search Of Title Sponsor
November 4, 2009 : SportsBusiness Daily

ALSO IN THIS SECTION


A Publication of Street & Smith's Sports Group.
Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (REVISED 2009-06-23) and Privacy Policy (REVISED 2009-06-23).

© 2009 Street & Smith's Sports Group and its licensors. All rights reserved.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Street & Smith's Sports Group.