CEO Pelley promises big changes for European Tour

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Sweeping change is coming to the European Tour over the next couple of years, chief executive officer Keith Pelley said Thursday during Golf Channel's coverage of the BMW PGA Championship.

"We are in the midst of transforming this tour. It will be completely different in 2017, and a complete overhaul by 2018," Pelley said at Wentworth Club. "And really doing it by listening to the players."

Golf Channel commentator Rich Lerner pressed Pelley for details, but while the CEO didn't offer specifics, he did cite some areas which would see significant improvements.

"The schedule will be different; it will be more friendly from a travel perspective for the players. There will be a number of events where the prize funds will be significantly increased, and there will be more playing opportunities for all of our members," Pelley said. "A different schedule for sure and a different players-first philosophy."

Pelley further discussed the tour's consideration of players' opinions, as well as how the tour's slow-play policy was working. Check out the video above for more.