Lots of articles on the RBC deal with the RCGA for the Canadian Open. First (and foremost) there is mine — found here. You’ll note my sources peg the deal at $20 million — $4 million per year over five years.
Lorne Rubenstein says it is $3 million in his Globe story. Rubenstein picked up on the notion that the Canadian Open under this deal will not make money for the RCGA.
RBC’s title sponsorship, while crucial, won’t be enough for the RCGA to make money from the Canadian Open. That being the case, West said, the RCGA’s strategy is for its amateur events to be self-funding.
The RCGA is going through an exercise in strategic planning now, developing a long-term strategy that it will announce at its annual meeting in January.
But RCGA ED Scott Simmons seem to indicate the event should make money — but that money will be reinvested in the tournament or given to charity, something many other tournaments do on the PGA Tour. There’s also talk that Pengrowth and Bell Canada — active sponsors in the last two years — could remain involved.
And Bob Weeks at Scoregolf.com is supporting my notion that Garry West should stick around for another year:
+ RCGA president Garry West (can we convince this guy to stay around for a few more years? How about Baby Doc West?) said that the board of governors never put a plan in place to cancel the Open although it was discussed. He said they just couldnt bring themselves to get to that point even though they knew it was a possibility.