Finchem's Compensation Drops; Explains BMW 5 Series Brochure On Desk

Jon Show reports:

Tim Finchem received $4.8 million in compensation in 2007 as the commissioner of the PGA Tour, a drop of about $400,000 from the previous year. His income included $1.3 million in salary, $3.2 million in bonuses and another $240,000 in benefits.

The year-to-year drop was due to an additional bonus Finchem received in 2006 for “extraordinary service in 2005,” said Ty Votaw, executive vice president of communications and international affairs. The commissioner made $4.2 million in 2005.

Extraordinary service? Was that for coming up with the FedEx Cup, Version 1? The Casey Martin legal bills were finally not on the balance sheet?

Here are the real eye-openers:

According to the PGA Tour’s tax forms, its executive vice presidents and co-chief operating officers, Ed Moorhouse and Charlie Zink, were the next highest-paid officers at $1.6 million and $1.5 million, respectively. Chief Marketing Officer Tom Wade and Chief Financial Officer Ron Price brought in about $1 million apiece. Rick George, executive vice president of championship management and president of the Champions Tour, made $628,122. Bill Calfee, president of the Nationwide Tour, made $592,992.

Rick would have been 31st on the '07 Champions money list whereas Tim would have landed 3rd on the PGA Tour list. Back to Q-School for you Rick!

Ed and Charlie would have been just outside the top 50 on the PGA Tour money list and Bill, congrats, you are the leading money winner on the Nationwide Tour by $150,000. Way to go!