Ron Kroichick of the San Francisco Chronicle says Tiger Woods’s decision to play the AT&T Pebble Beach National Pro-Am for the first time in 10 years explains recent changes to the tournament.
Woods made it official Monday: He's returning to the AT&T Pebble Beach National Pro-Am next month. This will be his first appearance in the AT&T in 10 years, and his decision vividly illustrates why tournament officials reshaped their event in June 2009.
That's when the Shore Course at Monterey Peninsula Country Club replaced Poppy Hills in the rotation and when the field size was reduced from 180 pros to 156. The changes were designed to strengthen the field as a whole, no question. They also were designed, specifically, to lure back Woods.
"Without those moves, this (Woods' return) may not have happened," said Ollie Nutt, CEO of the Monterey Peninsula Foundation. "This validates we're doing the right thing."
Under the Ferry Point proposal, the company, known as Trump Golf, would pay $10 million to build a clubhouse and would pay no licensing fees the first four years of the 20-year deal. In Year 5, the company would pay the greater of $300,000 or 7 percent of annual gross revenues. The amount would rise annually, ending in Year 20 at the greater of $470,000 or 10 percent of gross revenues. Trump Golf would also be required to pay 3 percent of gross revenues generated by any other sublicensed vendors at the golf course.
“I’m not sure he got a great deal,” Mr. Bloomberg said. He later added: “These are not terribly profitable things in this day and age. More golf courses are closing than opening across the country."Stray Shots: Things we saw while wondering why people are acting like Elin Nordegren is the first rich person to ever tear down a house to build a new one… Via Steve Elling’s Short Game Blog
Via The Chicago Tribune Tweet of the Day