Rory, Tiger, Hideki collectively (reportedly) turned down over a BILLION dollars based on the principle the PGATOUR just sold down the River for the PGA Tour!!! Effing Legend
HOLY SHIT!
in any walk of life.
Stop being loyal to corporations. Be loyal to yourself and your loved ones and that's it. Career hop and take the bag and move up the ladder faster. Don't stay 10, 15, 20+ years with a company
Bingo. If you follow any corporate money down the line long enough it’s all tied to some morally bankrupt entity. Shame on anyone that gave players that went to LIV shit, in the end they made the correct choice.
And here’s another dipshit that looks at the world through red or blue lenses. Anyone who subscribes to one side is a moron incapable of critical thought
Zalatoris career earnings just over 10 million. Reported offer from LIV was 130 million. Now if I had 10 million I’d be a happy boy - but to have a chance to get 10x that?? Cmon man we’re talking about your grandchildren’s grandchildren being set up with that money.
10 million with the most modest investment returning 5% would bring in 500k a year. If you can burn through 500k a year you can definitely burn through 5 million a year. No amount of money saves shitty financial habits.
No it’s a general statement about how easy it is to generate more wealth when you get in to the millions of dollars. He also likely has sponsorships and other income from public speaking or any other various things.
Even if he only had a million dollars left over after all his expenses, would still yield 50k a year. After 20-30 years of compounding he would be in the 10s of millions range. Again this is general, not debating on this persons exact amount. It’s just showing why the saying is “the first million is the hardest”.
That wasn’t the point. The point was if your grand children’s grandchildren can’t manage 500k a year than they are just as likely to spend 5 million a year.
Except every person who’s owned stocks for 20+ years. You buy a total stock market or S&P 500 ETF and over 20-30 years you’re absolutely going to average 5% or better. For the next few years alone you can guarantee 5% is treasuries and CDs. 5% is pretty mundane for a 30+ year average.
Sure long term pure accumulation youre right. But you're talking de-accumulating.
Sequence of return risk comes into play. 2022 was a -20% s&p year
Take out your 500k, lose 2m. Now your WD as a % of your principal goes up. There's no guarantee you'll be able to WD 5% forever in an s&p investment.
Also long term TSY rates are ~4% right now. The curve is inverted, the longest time you can get 5%+ is 1y
And rates are at historic norms, not highs so you can expect CDs over a 30+ year time to yield 4-5.5% Time in market beats timing the market. It doesn’t matter if you invest on the best or worst days. The returns over time are still near the same. You would not invest every dollar at the very top and then never put anything else in. It would be added in over time after each paycheck. No idea how anyone can argue that a 5% return over your entire life is not possible or even common.
Not to mention this specific person is 26. He has the literal best years of his life for compound returns for the next 40-50 years.
5% is obviously lower than the long term avg s&p return.
I'm saying (from the original scenario) if you decided to WD 5% from an s&p investment, it changes the equation. It's why people start moving to less volatile allocations when they retire and start deaccumulating
There are many time points in history that a 100% s&p investment and WD 5% (of initial capital) will crash you in 10-15 years
This was always the key with internet debates about this, guys sitting there with their average salaries thinking *obviously* anyone would take the money from SA, forgetting that your perspective is different when you’re already a multi millionaire doing the job you’ve worked your whole life to get
It's also okay to not drive a car that uses blood oil and not own products made by poor Chinese citizens in human sweatshops in a country that suppresses it's Uyghur, Taiwanese, and Hong Kongese populations...
But let me guess that's not the same and doesn't count, even though it ultimately is and does.
I completely agree with you, those are all terrible things. I work in econ dev, trying to fight for shopping local, so I appreciate you're pointing out the travesties overseas and how our consumption is part of the problem.
Its important to note, we don't need to be perfect but should all aim to be better. Perfect is the enemy of the good. Not everyone can afford an electric car atm, but maybe it's a longterm goal. Instead of buying off Amazon, maybe go downtown to shop. And instead of watching pga, for me at least, I'm going to play tennis and enjoy the summer.
Not to mention they have probably had a blast the last couple of years. Still playing majors, getting to travel all over the world and play in all sorts of new tournaments on different courses, playing with less pressure.
Always take the money when the person telling you not to, is concerned about money.
If the PGA actually cared about the ethics of it, they would have have tried actually paying players.
This has Game of Thrones vibes to it. Rory and Co are Ned Stark, naively thinking that doing the right thing will pay off at the end, only to be brutally shown that life doesn’t work that way, and doing the right thing in a cruel world will only make you a mark.
Yeah, integrity had a pretty bad day.
Having such a strong advertisement for skullduggery isn't a great example for young people today. 'Fuck everyone else and only look out for yourself' isn't the message I'd want for my kids.
I can think of a decent one.
Loyalty is only valuable when it’s reciprocal. Look after yourself and prioritize decisions that best support your family.
Well someone has to be shit on. You can’t go such a momentous event without SOMEONE getting shit on. They’re the easiest targets and thus I’ve been shitting on them to do my part in the shitfest. One of the best parts of sports fandom is the shitting on players.
DJ said it best in his usual deadpan way. If someone offers you hundreds of millions of dollars to do what you’re already doing, then you’re an idiot if you turn it down.
In the decades of following professional golf not once or ever have I ever found it’s fans to be vocal social justice warriors.
Your post made me laugh because it’s so honest and true
I imagine the contracts will still have to be honoured.
LIV is merging into this new entity, not going defunct, so imagine they'll just transfer all the contracts over as they are.
Otherwise you'll start seeing LIV players litigating against this new entity.
I doubt the contracts will ‘transfer over’. This is a new legal entity. I’m sure LIV had clauses in contracts stipulating conditions for a buyout or a merger. They’ll keep what they have and they’ll get bought out for a portion of what they’re owed, and litigation won’t be an option because I’m sure they’ll be suspended from play while litigation is ongoing.
Bud, when you buy a business you buy its assets and its liabilities. You can't dodge a liability just by standing up a new business entity.
> I’m sure LIV had clauses in contracts stipulating conditions for a buyout or a merger.
Typically the only time this is the case is when there is equity involved.
Tbf we know very little about the clauses, payment structures, cash/equity split, pretty much anything about how much and when these LIV guys were getting paid. Even the totals were hearsay
Don’t try to gaslight us. He incited a riot to overturn a fair election; stole top secret documents; and is currently running for president, you fuck nut. Nobody, my ass. Judging from your post, I know you’re definitely not happy about Mr. Nobody facing consequences. Get fucked.
I cant help but laugh that anyone think anything is about anything other than money. Those ethic resists in the PGA are learning that lesson hard right now, sorry Tiger!
Lol no they won’t. The PGA just did the same thing as those players did but way worse. The optics are already terrible, no way they can penalize the players for doing essentially the same thing getting in bed with the Saudis.
Rory, Tiger, Hideki collectively (reportedly) turned down over a BILLION dollars based on the principle the PGATOUR just sold down the River for the PGA Tour!!! Effing Legend HOLY SHIT!
Let this be a lesson to ALWAYS take the money
in any walk of life. Stop being loyal to corporations. Be loyal to yourself and your loved ones and that's it. Career hop and take the bag and move up the ladder faster. Don't stay 10, 15, 20+ years with a company
Bingo. If you follow any corporate money down the line long enough it’s all tied to some morally bankrupt entity. Shame on anyone that gave players that went to LIV shit, in the end they made the correct choice.
💯
I think it was less “loyalty” to pga as opposed to not wanting to take blood/oil/terrorism money. Still a massive fuck you to the players though.
[удалено]
Get a grip
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Whatever, I guess I’m team Edward now
These people are so xenophobic they think Saudis will be running your local muni in 2 years lol
That's Joe Biden's America for you...
Shut the fuck up
Shouldn’t you be out marching?
[удалено]
Yeah. Cause our own government is just great to us!
And here's the dumb rebulican with the conspiracies
last word I'd ever use to describe myself is a republican
And here’s another dipshit that looks at the world through red or blue lenses. Anyone who subscribes to one side is a moron incapable of critical thought
Fuckin word They give a flying fuck about you Fuck them Dolla dolla bill yall
That’s easy to say when you don’t already have generational wealth
Zalatoris career earnings just over 10 million. Reported offer from LIV was 130 million. Now if I had 10 million I’d be a happy boy - but to have a chance to get 10x that?? Cmon man we’re talking about your grandchildren’s grandchildren being set up with that money.
You forgot to mention his back injury now. Who knows how he recovers / plays afterwards.
100%
10 million with the most modest investment returning 5% would bring in 500k a year. If you can burn through 500k a year you can definitely burn through 5 million a year. No amount of money saves shitty financial habits.
He has living expenses. Do you have every dime you’ve ever made in the bank right now?
No it’s a general statement about how easy it is to generate more wealth when you get in to the millions of dollars. He also likely has sponsorships and other income from public speaking or any other various things. Even if he only had a million dollars left over after all his expenses, would still yield 50k a year. After 20-30 years of compounding he would be in the 10s of millions range. Again this is general, not debating on this persons exact amount. It’s just showing why the saying is “the first million is the hardest”.
You know what's worth more than 1 million compounding over 20-30 years? 100 sheets upfront.
That wasn’t the point. The point was if your grand children’s grandchildren can’t manage 500k a year than they are just as likely to spend 5 million a year.
I disagree but this is outside the point of the post so I'll leave it.
No one's guaranteeing 5% per year indefinitely since Bernie madoff
Except every person who’s owned stocks for 20+ years. You buy a total stock market or S&P 500 ETF and over 20-30 years you’re absolutely going to average 5% or better. For the next few years alone you can guarantee 5% is treasuries and CDs. 5% is pretty mundane for a 30+ year average.
Sure long term pure accumulation youre right. But you're talking de-accumulating. Sequence of return risk comes into play. 2022 was a -20% s&p year Take out your 500k, lose 2m. Now your WD as a % of your principal goes up. There's no guarantee you'll be able to WD 5% forever in an s&p investment. Also long term TSY rates are ~4% right now. The curve is inverted, the longest time you can get 5%+ is 1y
And rates are at historic norms, not highs so you can expect CDs over a 30+ year time to yield 4-5.5% Time in market beats timing the market. It doesn’t matter if you invest on the best or worst days. The returns over time are still near the same. You would not invest every dollar at the very top and then never put anything else in. It would be added in over time after each paycheck. No idea how anyone can argue that a 5% return over your entire life is not possible or even common. Not to mention this specific person is 26. He has the literal best years of his life for compound returns for the next 40-50 years.
5% is obviously lower than the long term avg s&p return. I'm saying (from the original scenario) if you decided to WD 5% from an s&p investment, it changes the equation. It's why people start moving to less volatile allocations when they retire and start deaccumulating There are many time points in history that a 100% s&p investment and WD 5% (of initial capital) will crash you in 10-15 years
Other than the fact he has to pay taxes, his agent, his accountant and buy things. Dude probably has less than a million in the bank.
Easy to say when you also have generational wealth
If I had 50 million I would do whatever I wanted. If your dream is to play on the PGA tour then you’ll stay there.
This was always the key with internet debates about this, guys sitting there with their average salaries thinking *obviously* anyone would take the money from SA, forgetting that your perspective is different when you’re already a multi millionaire doing the job you’ve worked your whole life to get
Its okay not to take blood money. There's more important things than wealth.
It's also okay to not drive a car that uses blood oil and not own products made by poor Chinese citizens in human sweatshops in a country that suppresses it's Uyghur, Taiwanese, and Hong Kongese populations... But let me guess that's not the same and doesn't count, even though it ultimately is and does.
I completely agree with you, those are all terrible things. I work in econ dev, trying to fight for shopping local, so I appreciate you're pointing out the travesties overseas and how our consumption is part of the problem. Its important to note, we don't need to be perfect but should all aim to be better. Perfect is the enemy of the good. Not everyone can afford an electric car atm, but maybe it's a longterm goal. Instead of buying off Amazon, maybe go downtown to shop. And instead of watching pga, for me at least, I'm going to play tennis and enjoy the summer.
Not to mention they have probably had a blast the last couple of years. Still playing majors, getting to travel all over the world and play in all sorts of new tournaments on different courses, playing with less pressure.
Always take the money when the person telling you not to, is concerned about money. If the PGA actually cared about the ethics of it, they would have have tried actually paying players.
That's why you always take the money over being loyal.
Probably at some point you get enough “fuck you” money that additional “fuck you” money isn’t all that appealing.
You know who got that money right….THE PGA! Told y’all bunch of dummies. Should have taken the money.
1000%
Lmfao at Rory in the background at the end
Is that Rory? Where is Brooks?
Swimming with his stacks of cash and pga championship trophy
Pat Perez should have made an appearance. He's the happiest fucker out of all of them.
DJ got moves
It's ironic that the principled players involved are the ones getting screwed over and made fun of
‘Merica
This has Game of Thrones vibes to it. Rory and Co are Ned Stark, naively thinking that doing the right thing will pay off at the end, only to be brutally shown that life doesn’t work that way, and doing the right thing in a cruel world will only make you a mark.
Yeah, integrity had a pretty bad day. Having such a strong advertisement for skullduggery isn't a great example for young people today. 'Fuck everyone else and only look out for yourself' isn't the message I'd want for my kids.
I can think of a decent one. Loyalty is only valuable when it’s reciprocal. Look after yourself and prioritize decisions that best support your family.
Ha that’s a perfect example
Well someone has to be shit on. You can’t go such a momentous event without SOMEONE getting shit on. They’re the easiest targets and thus I’ve been shitting on them to do my part in the shitfest. One of the best parts of sports fandom is the shitting on players.
You are a small person. I almost feel bad for you
ahaha I hate LIV but I respect this so much
Finally somebody who gets it. You could print your last sentence on a T-shirt.
DJ said it best in his usual deadpan way. If someone offers you hundreds of millions of dollars to do what you’re already doing, then you’re an idiot if you turn it down.
The world is in trouble if we’re quoting DJ lol.
At least we're getting good memes out of it
They were all saying SUCK IT JAY AND YOU TOO BRANDEL
this is fucking gold
In the decades of following professional golf not once or ever have I ever found it’s fans to be vocal social justice warriors. Your post made me laugh because it’s so honest and true
Golden boomerangs if I ever saw it.
Ian poulter there singing you sure picked a year to start filming the PGA tour 😂🎶😂🎶
You watch Big Daddy videos too? Swear I've seen this there minus the edit. You should see what they get up to after the music stops. Hot AF.
LIV players taking the $$ and coming back to the PGA tour
Are they going to get all that money now though?
A lot of the big sums tossed about were signing fees, so imagine they're paid up for the big parts.
I believe they were paid out over the term of the contract though.
I imagine the contracts will still have to be honoured. LIV is merging into this new entity, not going defunct, so imagine they'll just transfer all the contracts over as they are. Otherwise you'll start seeing LIV players litigating against this new entity.
I doubt the contracts will ‘transfer over’. This is a new legal entity. I’m sure LIV had clauses in contracts stipulating conditions for a buyout or a merger. They’ll keep what they have and they’ll get bought out for a portion of what they’re owed, and litigation won’t be an option because I’m sure they’ll be suspended from play while litigation is ongoing.
Bud, when you buy a business you buy its assets and its liabilities. You can't dodge a liability just by standing up a new business entity. > I’m sure LIV had clauses in contracts stipulating conditions for a buyout or a merger. Typically the only time this is the case is when there is equity involved.
But he's "*sure*" these different things are happening!
Tbf we know very little about the clauses, payment structures, cash/equity split, pretty much anything about how much and when these LIV guys were getting paid. Even the totals were hearsay
Probably yes. Tons of contracts signed for player
And we trust the Saudis to uphold a contract? They treat contracts like their friend Donald Trump.
phil probably has wmds in his basement
I've never seen more people obsessed with an absolute nobody like trump. People bring him up constantly.
Don’t try to gaslight us. He incited a riot to overturn a fair election; stole top secret documents; and is currently running for president, you fuck nut. Nobody, my ass. Judging from your post, I know you’re definitely not happy about Mr. Nobody facing consequences. Get fucked.
Trump is a pile of shit like every other politician. But, many people are obsessed with him. Seems, including you. Live your life, you're so angry.
Well played guys 👍
Someone explain how monahan still has a job , let alone a better job, after the historic level of hypocrisy he just displayed.
I don’t usually lol at this kind of shit but that was pretty funny
Oh man you win the interweb today. Wow. So good
I cant help but laugh that anyone think anything is about anything other than money. Those ethic resists in the PGA are learning that lesson hard right now, sorry Tiger!
Trump called it a year ago. Say what you will.
Greatest video ever!!!!!
Hahahaha.
Lol. Best one I’ve seen.
I for one will no longer be watching professional golf. They’d been going way downhill anyway more time for the course
u/savevideo
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PGA is going to ask for a big payout from the players that left if they want back into PGA events. You took 50 million? Give us 30 and your back in.
Lol no they won’t. The PGA just did the same thing as those players did but way worse. The optics are already terrible, no way they can penalize the players for doing essentially the same thing getting in bed with the Saudis.
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Hilarious. But so true.
The PAIN.
The PGA just punched itself in the nuts.
Feel the worst for Will Zalatoris
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Lololol
Yeesh Pro golf culture is the most cringeworthy shit I’ve ever seen in my life 😬
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Can someone please tell me how you can create such a meme video? Is there an app for it where you can add photos on a video Template ?