History
The "satellite tour" was formalized by the PGA Tour in 1990, originally named the Ben Hogan Tour, sponsored by the Ben Hogan Golf Company. The first season of 1990 had 30 events, and the typical event purse was $100,000. After three seasons, Nike acquired the title sponsorship and it became the Nike Tour, which held for seven seasons (1993-99), then became the Buy.com Tour for three seasons (2000-02). Naming rights for the tour were purchased by Nationwide Insurance and it was renamed the Nationwide Tour for 2003. In 2007 there were 32 events, one each in Australia, New Zealand, and Panama, with the remainder in the United States. All three countries continue to host events on the tour, played early in the season; Canada and Mexico have been added since 2008, and Colombia hosted an event in March 2010. The events in Australia and New Zealand are co-sanctioned by the PGA Tour of Australasia. Purses in 2010 ranged from $500,000 to $1 million, about one-tenth of the level on the PGA Tour. After 9½ seasons as the Nationwide Tour, Web.com was announced as the new title sponsor in late June 2012. Effective immediately with a 10-year sponsorship deal, the tour's name was changed in mid-season.
Read more about this topic: Web.com Tour
Famous quotes containing the word history:
“History is more or less bunk. It’s tradition. We don’t want tradition. We want to live in the present and the only history that is worth a tinker’s damn is the history we make today.”
—Henry Ford (1863–1947)
“I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passé abstractions like beauty, nobility, and greatness have a shifting but continuing validity.”
—Camille Paglia (b. 1947)
“Universal history is the history of a few metaphors.”
—Jorge Luis Borges (1899–1986)