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FedEx extends title sponsorship of PGA Tour’s points race

Global logistics company FedEx has agreed a 10-year extension to its title sponsorship of the season-long points race on golf’s PGA Tour.

The agreement was scheduled to expire at the end of this season, but will now run through to the end of 2026-27.

“The FedEx relationship has been invaluable to the PGA Tour on multiple fronts for more than 30 years, beginning with its sponsorship of the FedEx St. Jude Classic,” PGA Tour commissioner Jay Monahan said in a statement. “The FedExCup revolutionised the fan viewing experience and competitive landscape of the PGA Tour, establishing a cohesive narrative throughout the schedule and a compelling conclusion to the season with the FedExCup Playoffs.”

The PGA Tour’s points race concludes at the Tour Championship in Atlanta, with the winner awarded a $10m (€9.17m) bonus on top of prize money earned. ESPN.com said the total payout awarded by FedEx under the bonus structure is $35m annually.

“As we go forward, we expect the Cup and the payout to increase significantly,” Monahan said, according to ESPN.com.

As part of the sponsorship renewal, FedEx has committed $1m in annual donations to benefit non-profit organisations. The donations align with FedEx Cares, a global giving initiative, in which FedEx is investing $200m in over 200 global communities by 2020 to create opportunities and deliver solutions for people around the world.

Rory McIlroy emerged as the 10th champion in September with a title run featuring two FedExCup Playoffs victories, capped by a dramatic Sunday finish at the Tour Championship in Atlanta.