Jay Monahan takes home over $19M in compensation for the PGA Tour 2024 season

Jay Monahan's compensation for the PGA Tour's 2024 season has been revealed through the circuit's latest tax return filing, which was released this week. According to the filing, his total compensation exceeded $19 million.

The 55-year-old was compensated a whopping $19,227,851 in cash and benefits, with $3.8 million of that being in deferred dollars. While the total amount is less than the $23 million he earned in 2023, the cash and benefits worth $15.5 million last year were $1.3 million more than the previous year.

With Jay Monahan set to step down from his role as the Commissioner of the PGA Tour, his base salary in 2024 was a number slightly under $2 million.

As per the tax return filing, the PGA Tour made $760 million in revenue, marking a drop from 2023's impressive $1.82 billion. However, as PGA Tour Enterprises made changes to its organizational structure, the changes in revenue across the two years cannot be compared. The circuit's total assets were $3.8 billion with $1.89 billion in expenses.

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Jay Monahan speaks on stepping away from the PGA Tour

A few months ago, in June, Jay Monahan announced that he had decided to step away from his role as the Commissioner of the PGA Tour at the end of 2026. After putting in his notice, he put together a committee with Tiger Woods, Adam Scott, and many more important people in the industry to find his replacement.

The committee, which also included Monahan himself, unanimously put forward Brian Rolapp for the role. The latter has since been named the Chief Executive Officer (CEO) of the PGA Tour and PGA Tour Enterprises until he steps up as the Commissioner in 2026.

Here's a look at what Jay Monahan had to say about Brian Rolapp (via PGA Tour):

"A year ago, I informed our Boards that upon completing a decade as Commissioner, I would step down from my role at the end of 2026. Since then, we’ve worked together to identify a leader who can build on our momentum and develop a process that ensures a smooth transition. We’ve found exactly the right leader in Brian Rolapp, and I’m excited to support him as he transitions from the NFL into his new role leading the PGA Tour. Brian is the perfect choice for the next chapter of the PGA Tour. His arrival strengthens our leadership team and reflects our shared commitment to the Tour’s continued evolution. With Brian’s expertise and vision, and the trust we’ve established with our players and fans, I’m more confident than ever in the future we’re building.”

Several key members of the PGA Tour's board project Brian Rolapp to be a pivotal change. Having served the NFL as the Chief Media and Business Officer, he brought in several massive deals that led him to be named to the Sports Business Journal's Forty Under 40 Hall of Fame.

Edited by Lathika Krishna