League: LIV Golf Sport: Golf Country: Global Category: Scores & Results

LIV Golf reduces prize money after canceling team championship event

Yahoo Sports • 1 min read • Latest: Aug 18, 2026, 6:30 PM

Last updated Aug 18, 2026

LIV Golf reduces prize money after canceling team championship event

Summary

LIV Golf announced major cuts to prize money for the 2026 season after canceling the Team Championship. The Indianapolis event will now serve as both the Individual and Team Championships, but players will compete for reduced purses. Individual Championship bonuses dropped from $30 million to $10 million, while Team Championship bonuses were cut from $50 million to $40 million before this cancellation was finalized. The league's financial issues follow the withdrawal of funding from Saudi Arabia’s PIF, prompting efforts to secure future investment.

Source Links

Yahoo Sports

By the Numbers

•LIV Golf cancels Team Championship for 2026 season.
•Prize money for Individual Championship cut from $30 million to $10 million.
•Team Championship bonuses reduced from $50 million to $40 million before cancellation.
•Players will compete at LIV Indianapolis for a total of $10.1 million.
•LIV Golf seeks new investors after losing funding from PIF.

Latest Updates

6:30 PMYahoo Sports — LIV Golf makes major prize-money cuts after scrapping team event

What they're saying

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After LIV Golf announced its 2026 Team Championship was cancelled, the league revelaed further cuts to prize money for its new season finale.
— Yahoo Sports

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