PGA Tour makes agreement to extend FedExCup sponsorship

The deal, effective from next year until 2017, means that the shipping giant has made another major coup and will be the event sponsor for the foreseeable future.

Since the PGA Tour structure was changed, the season-long competition has proved to be successful for both parties, with $35 million paid in bonus money to players on the leaderboard at the end. The winner takes home a cool $10 million.

From next year, the FedExCup Playoffs will be officially introduced, which consists of four-tournament PGA Tour Playoffs.

PGA Tour Commissioner, Tim Finchem, said of the deal:

"We are thrilled that FedEx has had such a positive experience with the FedExCup and will continue its sponsorship through 2017."

"We look forward to working with FedEx to continue the growth and impact of the competition in these coming years."

Through this sponsorship, FedEx Corp has managed to build a number of promotional and advertising campaigns, so it is equally delighted with the contract extention.

T. Michael Glenn, FedEx’s executive vice president of Market Development, said:

"The FedExCup has been a very effective way for FedEx to engage in the community and reach our customers over the last five years."