The agreement between the professional golfer and the LIV Golf league represents a significant financial commitment. This arrangement typically involves a guaranteed payment to the athlete for joining the league, often spanning multiple years, regardless of on-course performance. It is distinct from tournament winnings and endorsements.
Such agreements offer athletes financial security and the opportunity to participate in a different competitive environment. For the league, securing prominent players enhances its visibility, credibility, and marketability. Historically, these types of contracts have been used in professional sports to attract talent and build a strong competitive roster, although the guaranteed nature of the compensation presents a unique financial model.