- Second-place award will increase to $1 million
- Sponsorship extension through 2025 will continue to
include Race to the CME Globe and charity tie-in for St. Jude
Children's Research Hospital
NAPLES,
Fla., Nov. 15, 2023 /PRNewswire/ -- The Ladies
Professional Golf Association (LPGA) and CME Group, the world's
leading derivatives marketplace, today announced an extension of
the CME Group Tour Championship and the season-long Race to the CME
Globe through 2025. This two-year title sponsorship agreement will
bring exciting new opportunities for women's golf starting in 2024,
with an enhanced total purse of $11
million, including a record $4
million first-place prize, and $1
million for the runner-up. Additionally, as part of an
enhanced purse distribution formula, for the first time ever, every
competitor who qualifies for the 60-golfer field will be awarded at
least $55,000, increasing recognition
for all players.
"As a long-standing supporter of women in business and sports,
CME Group is pleased to continue our partnership with the LPGA to
further elevate women's golf," said CME Group Chairman and Chief
Executive Officer Terry Duffy.
"Beginning next year, the CME Group Tour Championship's
$11 million purse will be the highest
on the LPGA Tour, and the $4 million
first-place prize will be the largest single prize in women's
sports. Both of these developments will make our event even more
exciting for the players and spectators, while bringing more parity
to the game."
"Additionally, we look forward to continuing our support of St.
Jude Children's Research Hospital through the CME Group Cares
Challenge - Score 1 for St. Jude," Duffy added.
"This partnership extension with CME Group is extremely
important and underscores the growth and strength of the LPGA,"
said LPGA Commissioner Mollie Marcoux
Samaan. "CME Group has been pushing the LPGA forward at
every step of our evolution since 2011 and with this extension they
are once again helping take the LPGA, women's golf and women's
sports to unprecedented heights. We are grateful for Terry Duffy and CME Group's continued commitment
to advancing opportunities for girls and women, on and off the golf
course. We are also inspired and proud of the company's support of
St. Jude Children's Research Hospital throughout the season and at
the CME Group Tour Championship."
The CME Group Tour Championship has been a season-ending
highlight on the LPGA Tour since CME Group first sponsored it in
2011. Recent champions of the event include 19-time LPGA champion
and two-time CME Group Tour Championship winner Lydia Ko; back-to-back victories from
Jin Young Ko; and major champion
Lexi Thompson.
The Race to the CME Globe has also been an integral part of the
LPGA Tour calendar since 2014. In the season-long points
competition, LPGA Members accumulate points in every Official LPGA
Tournament to gain entry into the season-ending CME Group Tour
Championship. The 2023 Race to the CME Globe competition began with
the Hilton Grand Vacations Tournament of Champions in Florida and concludes with the CME Group Tour
Championship in Naples, Fla.
About CME Group
As the world's leading derivatives
marketplace, CME Group (www.cmegroup.com) enables clients to trade
futures, options, cash and OTC markets, optimize portfolios, and
analyze data – empowering market participants worldwide to
efficiently manage risk and capture opportunities. CME Group
exchanges offer the widest range of global benchmark products
across all major asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural products and
metals. The company offers futures and options on futures
trading through the CME Globex platform, fixed income trading
via BrokerTec and foreign exchange trading on the EBS platform. In
addition, it operates one of the world's leading central
counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board of Trade are trademarks of Board of
Trade of the City of Chicago, Inc.
NYMEX, New York Mercantile Exchange and ClearPort are trademarks of
New York Mercantile Exchange, Inc. COMEX is a trademark of
Commodity Exchange, Inc. BrokerTec and EBS are trademarks of
BrokerTec Europe LTD and EBS Group LTD, respectively. The S&P
500 Index is a product of S&P Dow Jones Indices LLC ("S&P
DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The
500 are trademarks of Standard & Poor's Financial Services LLC;
Dow Jones®, DJIA® and Dow Jones Industrial Average are service
and/or trademarks of Dow Jones Trademark Holdings LLC. These
trademarks have been licensed for use by Chicago Mercantile
Exchange Inc. Futures contracts based on the S&P 500 Index are
not sponsored, endorsed, marketed, or promoted by S&P DJI, and
S&P DJI makes no representation regarding the advisability of
investing in such products. All other trademarks are the property
of their respective owners.
About the LPGA
The Ladies Professional Golf
Association (LPGA) is the world's premier women's professional golf
organization. Created in 1950 by 13 pioneering female Founders, the
LPGA, whose members now represent over 60 countries, is the
longest-standing professional women's sports organization. Through
the LPGA Tour, the Epson Tour, a joint venture with the Ladies
European Tour and the LPGA Professionals, the LPGA provides female
professionals the opportunity to pursue their dreams in the game of
golf at the highest level. In addition to its professional tours
and teaching accreditation programs, the LPGA features a fully
integrated Foundation, which offers best-in-class programming for
female golfers through its junior golf programming and LPGA
Amateurs chapters, tournaments and membership. LPGA aims to use its
unique platform to inspire, transform and advance opportunities for
girls and women, on and off the golf course.
Follow the LPGA online at www.LPGA.com and on its mobile apps.
Join the social conversation on Facebook, X (formerly known as
Twitter), Instagram and YouTube.
CME-G
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SOURCE CME Group