API purse increasing to $8.7 million next year


ORLANDO, Fla. – PGA Tour commissioner Tim Finchem announced a significant purse increase for next year’s Arnold Palmer Invitational, an enhancement that could help bring more top-tier players to the home of “The King.”

This year’s tournament boasts a $6.3 million purse, with $1.134 million to the winner, while next year’s edition will see the purse increase all the way to $8.7 million.

That jump could make this event the most lucrative Tour stop outside of the majors, WGCs and Players Championship. The four FedEx Cup Playoff events, along with the Memorial Tournament, all offer $8.5 million purses this season.

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Finchem described the purse increase as one that “positions this week as one of the premiere weeks from the standpoint of financial benefits to the players.”

Finchem also confirmed that the event will continue to offer a three-year exemption to its winner instead of the typical two-year exemption that accompanies most Tour victories. It’s a distinction that began last year and one that is also offered at the Memorial, which is hosted by Jack Nicklaus.