FedEx Cup

The season structure changed beginning in the fall of 2013,[3] but the qualifying criteria have not changed since 2009.

Through the first part of the season, the "regular season" from October through August, PGA Tour players earn points in each event they play. The number of points for winning each tournament varies from 250 to 600, depending on the quality of the field for each event, with the typical tournament awarding 500. Fewer points are awarded to other players who finish each tournament, based on their final position.

The goal is to be among the top 125 points leaders following the final event of the regular season. Only those players who are regular full-time members of the PGA Tour earn points. A non-member who joins the PGA Tour in mid-season is eligible to earn points in the first event he plays after officially joining the Tour.

At the end of the regular season, the top 125 players participate in the playoffs. The number of points awarded for winning each playoff event is 2000, which is four times the amount awarded for a typical regular season tournament. Points won in playoff events are added to those for the regular season, and the fields are reduced as the playoffs proceed. Since 2013 the top 125 on the FedEx Cup points list also retain their tour cards for the following season.[3]

After the second playoff event, as of 2019, the FedEx Cup points leader after the first two Playoffs events begins the Tour Championship at 10-under par. The No. 2 player starts at 8 under. The No. 3 player starts at 7 under; the No. 4 player starts at 6 under; the No. 5 player starts at 5 under. Players 6-10 start at 4 under; players 11-15 start at 3 under; players 16-20 start at 2 under; players 21-25 start at 1 under; and players 26-30 start at even par.[4] At the Tour Championship, the player with the lowest aggregate score over 72 holes when combined with his FedEx Cup Starting Strokes wins the Tour Championship and is also crowned FedEx Cup champion. The Tour Championship win is considered an official victory and the FedEx Cup champion also earns a bonus of $15 million and a five-year PGA Tour exemption.[4]

For the Tour Championship, only the top 30 points leaders after the BMW Championship are eligible. If for any reason, a player among the top 30 does not compete in the Tour Championship, he will not be replaced.

The Trophy

As of 2019, the player with the most points after the Tour Championship wins the FedEx Cup itself and $15 million of a $70 million bonus fund. The runner-up gets $5 million, 3rd place $4 million, 4th place $3 million, 5th place $2.5 million, and so on down to $70,000 for 126th through 150th place.[5] Beginning with the 2013 season, non-exempt players who finish 126th-150th in the FedEx Cup are given conditional PGA Tour status, but can attempt to improve their priority rankings through the Korn Ferry Tour Finals. Previously, conditional status was earned through the money list.

In 2007, the money was placed into their tax-deferred retirement accounts, not given in cash. Players under 45 are not able to access any 2007 FedEx Cup bonuses (as opposed to prize money earned in the tournaments themselves) until turning 45. They can invest their bonus in any manner they choose, and once they turn 45, can choose to defer payment until they turn 60 or play in fewer than 15 PGA Tour events in a season. Once a player chooses to take payments from his fund, he will receive monthly checks for five years.[6][7]

Because of possible legislation affecting deferred retirement plans, in the wake of business stories that speculated that Tiger Woods could amass a $1 billion retirement fund if he won the FedEx Cup six more times, the PGA Tour announced a change to the payout system effective in 2008. The top 10 finishers now receive the bulk of their FedEx Cup bonuses in cash up front; for example, the 2008 FedEx Cup champion received $9 million up front and $1 million in his tax-deferred retirement account. FedEx Cup bonuses to finishers below the top 10 are still paid solely into the players' retirement accounts.[8]

The winner of the FedEx Cup also receives a five-year exemption on the PGA Tour, mirroring the exemption that was given to the tour's leading money winner prior to 2017. Before the change in format in 2019 that made it impossible for the FedEx Cup and the Tour Championship to be won by two different players, the Tour Championship winner received a three-year exemption. Winners of other playoff events receive only the standard 2-year exemption.

Since 2013, the FedEx Cup standings have been the primary means of determining exemption status for the following year; the 125 players who qualify for the playoffs are fully exempt. Players who finish 126th through 150th, if not exempt through other means such as a recent tournament win, retain conditional status; these, along with finishers 151 through 200, are eligible for the Korn Ferry Tour Finals, through which they may regain their cards if not already exempt.[3]

Before 2013, the money list rather than the FedEx Cup standings determined exemption status. Since the money and point distributions were different and the money list was not finalized until after the Fall Series, it was common for players to qualify for the playoffs and still lose their card at the end of the season.