Tour's FedEx extension includes exclusivity clause
PONTE VEDRA BEACH, Fla. Along with the announcement on Tuesday that the PGA Tour has reached a new, 10-year agreement with FedEx to sponsor the circuits season-long points race came news that the deal includes a category exclusivity clause.According to sources, the clause will keep players from participating in the season-long race if they have endorsement deals with one of FedExs competitors.All I'm going to say on that front is when you're in business with someone for 30 years, and you're about to commit to 10 more, you do some things to protect each other on a long-term basis, commissioner Jay Monahan said. That's what we've done in this agreement, and our players know that; our players understand it; our players think so highly of FedEx and what they've meant to them in terms of playing financial opportunities. So we do everything we can to protect our partners.Lee Westwood and Louis Oosthuizen both have endorsement deals with UPS but have been grandfathered in and will not be impacted. Their manager, ISMs Chubby Chandler, said he has not received any official correspondence from the Tour regarding the sponsorship status of either player.
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Im grateful the two guys are alright and I understand why they [the Tour has] done it, [but] what will they do if MasterCard wants to do the same thing? Chandler said. It opens up a bag of worms. Do you go on the amount of money they pay or what? Do you set aside one sponsor for another sponsor? ... Legally, I cant see how it works. The guys are independent contractors.Chandler, who planned to meet with Tour officials this week at TPC Sawgrass, said the European Tour had a similar agreement with Barclays a few years ago, but that lasted only a few years. He speculated that if the new FedEx rule doesnt apply to non-members, majors, and World Golf Championships, it wont be a problem.The bigger issue is how this precedent may impact future negotiations with tournament sponsors, and if the Tour will be able to enforce such a rule. Tour players are independent contractors, but there are stipulations in the player handbook for certain types of sponsorships.Generally, all sponsorships must be tasteful and in accordance with standards of decorum expected of professional golfers. Sponsorships by companies whose business reputation or ongoing business activities may reflect adversely upon the image and reputation of the PGA Tour will not be approved, the Tour policy reads.Specifically, the policy addresses sponsorships with tobacco, alcohol, and casino and gambling companies, but not specifically companies that might be competitors of potential Tour sponsors.
Tour's FedEx extension includes exclusivity clause 10-year agreement with FedEx to sponsor the circuit's season-long points race came news that the deal includes a category exclusivity
Tour's FedEx extension includes exclusivity clause
The PGA Tour's new sponsorship extension with FedEx will prevent those players who sign endorsement deals with competing delivery companies from competing in the FedEx Cup playoffs.
The Fedex-crement just hit the fan! - Tour Talk - The Sand
The FedEx Cup sponsorship extension includes a category exclusivity clause that may prevent some players from participating depending on their personal endorsement deals.
Discussion: What would you do with $10 million FedEx Cup
Tour's FedEx extension includes exclusivity clause
I think FedEx has realized that the amount of $$ they have committed to the tour and the failed playoff system is idiotic, but by throwing in this kind of clause it at least makes them feel better about re-upping on a failed investment for the next 10 years.
PGA Tour signs new 10-year deal with FedEx to continue as
PONTE VEDRA BEACH, Fla. - Along with the announcement on Tuesday that the PGA Tour has reached a new, 10-year agreement with FedEx to sponsor the circ Tour's FedEx extension includes exclusivity clause | Handicaps Network Africa
Report: FedEx Cup sponsorship extension may exclude players
New PGA Tour deal keeps players sponsored by FedEx competitors from playing in postseason But while the extension is being championed for bringing long-term financial stability to the tour's
New FedEx Cup deal includes player restrictions - ESPN.com
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owned by Customer ("Customer" herein), and FedEx agree to enter into this FedEx Pricing Agreement (the "Agreement") subject to the following terms and conditions. 1. Pricing. FedEx agrees to provide to Customer transportation services under the terms contained in this Agreement. Pricing for FedEx Express
Contract Termination Letter (Non-renewal) - Priori
The PGA Tour announced a new 10-year deal with FedEx that keeps the company as the title sponsor of the tour's season-long FedEx Cup playoffs through 2027 FedEx to continue as sponsor of the
PDF FedEx Pricing Agreement
Tour's FedEx extension includes exclusivity clause. According to sources, the PGA Tour's new deal with FedEx will keep players sponsored by a FedEx competitor out of the season-long race.
New PGA Tour deal keeps players sponsored by FedEx
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