The PGA Tour has some new competition

Dustin Johnson, the former No. 1-ranked golfer in the world, announced his resignation from the PGA Tour yesterday. The 2020 Masters champion said he’ll only play in major championships and Saudi-backed LIV Golf events going forward, the first of which tees off in London tomorrow.

🏌️ A deeper dive... DJ joins Phil Mickelson, Sergio Garcia, Louis Oosthuizen, Kevin Na, and a dozen other top-100 golfers who’ve opted to play in the LIV Golf series instead of the Tour, since PGA rules disallow dual membership.

• Mickelson will reportedly receive $200 million just to participate in the Saudi-backed league, which features a total prize pool of $225 million across eight tournaments; DJ’s payout is reportedly between $125–$150 million.
• DJ said his understanding is that he’ll still be allowed to play in golf’s four major tournaments – which are operated by independent organizations – though he’ll likely be ineligible for future Ryder Cups; the USGA has already declared him and the other LIV players eligible for next week’s US Open.

💰🤯 In the know: In a WaPo article published Sunday, LIV Golf CEO Greg Norman said Tiger Woods was offered a deal that was “mind-blowingly enormous; we're talking about high nine digits" to join the series, but Woods turned them down.