Good article in today’s LA Times about Nissan’s frustration with last weekend’s shortened PGA Tour event. Apparently Nissan wasn’t real happy about having to pay the full $4.8 million in prize money for a 36-hole tournament. Can’t say I blame them.
That said, I don’t have much sympathy for them, either. Someone in Nissan’s legal team probably should’ve read the fine print, which said the full prize money had to be paid out even if just 18 holes were played.
Doesn’t make sense, really, but that’s the contract. If nothing else, maybe last weekend causes a few sponsors to take a second look at their contract. If I’m paying out $5 million in prize money, I want to be sure the winner’s not going home early.
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