LIV Golf’s Player Contracts Include Restrictions to Go With the Big Money
LIV Golf’s Player Contracts Include Restrictions to Go With the Big Money: As a result of the publication of a fresh study on player contracts, which uncovered one-of-a-kind requirements that players are required to fulfill in order to receive their enormous bonuses, the legal fights surrounding LIV Golf have become more intense.
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According to a story in the Wall Street Journal, the contracts with the golfers have not yet been made public, which adds to the mystery surrounding the new golf business that is financed by Saudi Arabia.
A federal judge may file a motion to unseal many of the contracts as part of a lawsuit in which three players sought a restraining order to play in the FedEx Cup Playoffs despite being suspended from the PGA Tour.
The lawsuit was filed as part of a lawsuit in which the players had sought a restraining order to allow them to play in the PGA Tour’s FedEx Cup Playoffs.
According to a story in the Wall Street Journal, which analyzed a sample contract for a LIV golfer, the document contained “strange clauses,” such as mandating LIV golfers to wear LIV gear even when competing in events that were not hosted by the LIV. During the hearing that took place last week in regard to the temporary restraining order that LIV athletes were eventually unsuccessful in acquiring, this matter was brought up.
During the course of the hearing, attorneys for the LIV said that their clients would not be seen wearing LIV merchandise if they were given the opportunity to compete in the postseason of the PGA Tour.
According to a report by the WSJ, LIV contracts stipulate that players are obligated to assist in the recruitment of further players and prohibit them from doing interviews that have not been pre-approved.
According to the sample contract that was reviewed by the Journal, in addition to the massive signing bonuses and playing purses at LIV events, LIV players are to be awarded an additional $1 million in prize money if they win any of golf’s four major championships. This is in addition to the massive signing bonuses and playing purses at LIV events.
LIV golfer Patrick Reed filed a defamation lawsuit against player-turned-commentator Brandel Chamblee and the Golf Channel on Tuesday. The hearing that took place the previous week and the report that was published in the Wall Street Journal on Wednesday are not the only legal matters related to LIV that have been making headlines recently.
Reed said in the lawsuit that Chamblee “actively targeted” him with the intention of “destroying” his reputation, “creating hate,” and “providing him with a hostile work environment.” Reed is demanding $750 million in damages.
Twitter users who are lovers of golf brought to attention the fact that Reed’s attorney in the case, Larry Klayman, had in the past taken an entirely opposite stance with regard to LIV.
According to multiple legal professionals who spoke with Insider, both Reed’s complaint and the bigger antitrust case brought by the LIV players against the PGA Tour will take some time to play out, with the latter case potentially requiring years to settle.
In the meanwhile, the fact that the court rejected the request for a temporary restraining order gives the impression that players who switched to LIV won’t be switching back any time in the near future.