PGA Tour, SBS agree on two big deals

Golf Betting Lines

05/07/2009 - Ponte Vedra Beach, FL (Sportsbook Betting Lines) - The PGA Tour and the Seoul Broadcasting System (SBS) have agreed to a 10-year contract for SBS to sponsor the PGA Tour's season-opening event at Kapalua.

The winners-only event, which Geoff Ogilvy captured this year, had been sponsored by Mercedes.

Along with this agreement, SBS extended its current contract with the PGA Tour through the 2019 season as the exclusive broadcaster of PGA Tour golf in Korea. That partnership has been in place for more than 15 years.

"We are delighted to announce this significant sponsorship agreement and broadcasting extension with SBS, the premier television network in Korea and a longtime broadcasting partner of the PGA Tour," said PGA Tour commissioner Tim Finchem.

"Our expanded partnership with SBS lends long-term stability to what now becomes the SBS Championship, which traditionally signals the start to the PGA Tour season and the FedEx Cup competition. We look forward to working with SBS on its sponsorship of this important event. I would also like to take this opportunity to thank Mercedes-Benz for its support of the tournament over the past 16 years."

There is one more piece of business of Finchem and the tour. The contract with Kapalua runs through 2010 so that contract will need to be extended. Finchem said the intent is to continue playing the event on the Plantation Course at Kapalua.

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