FedEx signs five year extention with PGA Tour Playoffs

Today the PGA Tour has announced that the FedEx Corp. has signed an extension on their contract, that will have them remain as the sponsor of the FedEx Cup through the year 2017.

Since it's inception in 2007, the PGA Tour playoffs and FedEx Cup has offered up $35-million to the qualifying players, in conjunction with their overall finishing place and point standing position.

Not to mention the $10-million pay day to the overall winner of the FedEx Cup.

"Since its inception in 2007, the FedExCup has transformed the competitive landscape on the PGA TOUR and significantly benefited all of our stakeholders," PGA Tour Commissioner Tim Finchem said on the announcement.

"It makes every FedExCup event more meaningful, adding substantial value to our tournaments, title sponsors and television partners. Most importantly, the FedExCup offers our fans more ways to engage in our sport and get excited about our players week in and week out."

"We are thrilled that FedEx has had such a positive experience with the FedExCup and will continue its sponsorship through 2017," Finchem went on to say. "We look forward to working with FedEx to continue the growth and impact of the competition in these coming years."

Some PGA Tour players like Dustin Johnson, have already expressed their support for the extension and Tim Finchem's dedication to the Tour.

Love hearing that #FedExCup is sticking with the @PGATOUR for another 5 years!!! Tim Finchem did it right!! Said Johnson via his twitter account, @DJohnsonPGA

T. Michael Glenn, executive vice president of market development at FedEx said, "The FedExCup has been a very effective way for FedEx to engage in the community and reach our customers over the last five years."

"One of the most significant dividends of our FedExCup commitment has been that it allows us to support national and local charities, such as the St. Jude's Children's Hospital through the FedEx St. Jude Classic, in a very hands-on manner."

Since going to this format in 2007, the PGA Tour has allowed fans the opportunity to see the games best compete against each other, at the highest level. With everything on the line.

"We've had a terrific list of champions with two-time winner Tiger Woods, Vijay Singh, Jim Furyk and 2011 champion Bill Haas, who won in such dramatic fashion last year in a playoff at the TOUR Championship by Coca-Cola," Finchem said of the playoffs since 2007.

"We look forward to more exciting finishes to the FedExCup in the years to come."