LOS ANGELES (REUTERS) - The LPGA's CME Group Tour Championship, which begins on Thursday (Nov 18) at Naples, Florida, announced an increased prize pool of US$7 million (S$9.5 million) for the 2022 event, with the winner of the season-ending competition to earn US$2 million.
That prize pool is up from US$5 million for this week's event and US$1.5 million to the winner. It is the largest single-event winner's share on the LPGA Tour.
The event, which is being held at the Tiburon Golf Club Gold Course for the ninth consecutive year, was last won by Ko Jin-young of South Korea in December 2020 in a dominating five-stroke victory.
"We could not be more grateful to CME Group, under the bold and visionary leadership of Group Chairman and CEO Terry Duffy, for helping provide the best female golfers in the world with the opportunity to live their dreams," LPGA commissioner Mollie Marcoux Samaan said in a statement.
"The Race to the CME Globe and the CME Group Tour Championship have transformed the LPGA since their inception in 2014."
Every player in the field next year will earn at least US$40,000.
In addition to being the defending champion, Ko enters this week's LPGA's CME Group Tour Championship as the leader in the season-long Race to the CME Globe.
The field includes the top 60 players in the points standings competing in a 72-hole, no-cut event.