DP World Tour players will receive guaranteed money for the first time in the 2023 season

DP World Tour CEO Keith Pelley
DP World Tour chief executive Keith Pelley said the total prize money for the 2023 season represents almost $30 million more than five years ago

Players on the Europe-based DP World Tour will receive guaranteed money for the first time in the 2023 season.

Prize money stands at a record $144.2m (£124m) for the circuit’s tournaments outside the four majors and the WGC Matchplay event in Texas, which also count on the tour’s schedule.

But Valderrama, the recent home of the Andalucia Masters and the 1997 Ryder Cup, will not host a tournament.

It is believed that the Spanish venue will host one of LIV Golf’s events in 2023.

A new “Win Guarantee Program” guarantees at least $150,000 (£133,120) to players who compete in 15 or more events on the DP World Tour, which kicks off in the southern hemisphere later this month.

DP World Tour chief executive Keith Pelley said the change “recognises and rewards” players’ achievements.

The initiative was agreed at a meeting of the tour’s tournament committee last week. It is supported by the circuit’s enhanced partnership with the American-based PGA Tour, which was strengthened last June.

The US Tour is introducing a $500,000 guaranteed income for its players, among a series of measures introduced to help combat the threat posed by Saudi-backed LIV.

“I’ve always thought it’s an incredible achievement for any professional golfer to simply win the rights to the game,” Pelley said in a statement.

“And this new initiative recognizes and rewards that achievement.

“While we will never lose the magic of meritocracy and the purity of a performance-based structure, this now offers income certainty to those players who have reached the pinnacle of the professional game in Europe.”

Pelley’s schedule for the new season includes at least 39 tournaments to be played in 26 countries, starting with the co-sanctioned Australian PGA Championship in Brisbane and the Joburg Open in South Africa.

Both tournaments begin on November 24.

It will increase prize money from $8 million to $9 million for the first four Rolex Series events in 2023. The Abu Dhabi Championship, the Dubai Desert Classic, the Scottish Open and the PGA Championship at Wentworth.

The schedule includes new tournaments in Singapore, Thailand and South Korea, while the Irish Open at the K Club is moved to a new date in early September.

The Italian Open will be held in early May at the Marco Simone Golf and Country Club which will host the Ryder Cup near Rome in the autumn.

“Our total prize money for the 2023 season represents nearly $30 million more than five years ago and also underscores the strength of our partnership with the PGA Tour, which is working with us to increase revenue and a long-term development plan,” Pelley added. .

This year’s season concludes with the DP World Tour Championship in Dubai from November 17-20.

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