The PGA Tour said that the planned inaugural event hosted by Golden State Warriors guard Stephen Curry will not take place this year. Because all of the factors needed to bring the tournament together were unable to be completed with such a tight window, the event had to be called off.
The event was temporarily scheduled to take place at the Lake Merced Golf Club just outside of San Francisco in September, but that will no longer be the case. The sides will attempt to come together to get a deal done in order to get the tournament back on the schedule for 2020.
Those interested in betting on the event will still have plenty of other opportunities in the fall. Bettors (find golf betting sites at GamblingSites.org) will still have the event at Greenbrier in early September followed by the Safeway Open later that month, which is also slated to take place in Northern California.
The San Francisco Chronicle initially reported that the discussions took a hit when title sponsor Workday, a finance and human resources software company, decided to end negotiations. Workday’s decision to pull out was the primary factor in the discussions falling apart, but there were a number of other factors in play, as well.
Tour officials did not have enough time to find another title sponsor when Workday decided to pull out. Lake Merced’s course would also need to undergo a number of changes, which complicated matters given the short time frame.
The weekend of September 19-22 had been reserved for the now-scrapped event.
The PGA Tour issued a statement that said, “Due to a combination of factors, we are unable to bring a proposed event to San Francisco at this time. While it has been reported that sponsorship was the primary factor, this is untrue. The bottom line is the short timeframe for creating an event in early fall of 2019 was the biggest obstacle.”
The statement continued, “We are grateful for the efforts by all parties involved in discussions, including the Lake Merced Golf Club and its membership, who overwhelmingly voted to approve hosting a PGA Tour event.”
Last year, the PGA Tour decided to amend its schedule in order to have the FedEx Cup playoffs come to an end in August. The decision came in order to allow for more events to be scheduled during the fall wraparound schedule. The 2019-20 schedule has still yet to be officially announced.
Lake Merced president Jeff Pero emailed members on Tuesday in order to inform them of the decision to “cease further work on the tournament.”
The purse for the tournament was expected to be somewhere between $6 million and $8 million. Course members voted late last year to approve $3.6 million in course renovations in anticipation of holding the event. Octagon, the sports management company that agreed to host the event, was set to pay for $2.8 million of the $3.6 million in upgrades.
Corica Park in Alameda was the first course that was considered for the event, but the course decided it wasn't yet ready to host a PGA Tour event.
Whether another tournament will be added to the schedule in place of the vacated San Francisco event is currently unclear. There are currently 10 events slated to take place in the fall, including 3 different tournaments overseas in China, Japan and South Korea. Golfweek has reported another potential new event is more likely to happen.
Curry told the San Francisco Chronicle that “we are still committed to bringing an event to San Francisco, it just won’t be this year.”
The PGA Tour’s statement agreed, and the Tour remains open to working together with Curry in the future. The Tour said, “To partner a PGA Tour tournament with an iconic global athlete like Stephen Curry would be an extraordinary opportunity and one we’ve been pursuing, as widely reported in recent months. We’ve seen Stephen’s passion for helping others through the Stephen and Ayesha Curry Family Foundation, and his love of golf is well documented.”
Tour officials may reportedly wait until 2021 to launch a new tournament at nearby TPC Harding Park. Lake Merced is still slated to hold an LPGA event, the LPGA Mediheal Championship, from May 2-5.