"Ultimately, he said, charities might receive less financial support throughout golf."

John Davis does a nice job assessing the state of pro tour events in Arizona in light of the economy, and while the news is pretty good, there is this one comment from Tom Maletis, president of Tournament Golf Foundation, Inc., which owns the Valley's LPGA event about who will take the biggest hit:

Ultimately, he said, charities might receive less financial support throughout golf.

"Tournaments typically tighten their belts anyway so they can give more to charity," Maletis said, "but now we will have to look at things in a different light because there are only so many apples in the box."