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Home Blog Page 8610

PGA News: Rory McIlroy calls out critical PGA Tour player who skipped meeting

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Rory McIlroy called it “a slap in the face” for James Hahn to miss Tuesday’s player meeting after Hahn had strongly criticized the PGA Tour’s new format of play announced for 2024.

“Like, you say all this (expletive) and you’re not even in the meeting?” the star from Northern Ireland said to reporters after his news conference Tuesday at TPC Sawgrass in Ponte Vedra Beach, Fla., where both McIlroy and Hahn are competing at the Players Championship this week.

“If you want to get informed and be a part of the process … The fact that he wasn’t even in the room was a slap in the face to everyone there.”

During a phone interview with Golfweek on March 4, Hahn, 41, criticized the plan by the PGA Tour to change to a new Designated Event Model in 2024, which is largely seen as a response to the controversial Saudi-backed LIV circuit having poached some PGA Tour players.

“I hate them,” Hahn told Golfweek of the changes. “I’m gonna say exactly what 99.99 percent of fans said about players leaving for the LIV Tour. If our players just said, ‘We’re doing this for the money,’ I would have a lot more respect for them. But how they’re covering up what they’re doing and trying to make it a thing about sponsors and fans and saving opposite-field events. I think that’s all BS.”

The system of designated events went into play this year, aimed at keeping players on the PGA Tour. The tour raised the minimum purse at each of these events to $20 million.

Now, the PGA Tour has tinkered with the tournaments further. In the 2024 season, each designated event will have a field of between 70 and 80 players, with a guarantee to play all four rounds for purses of $20 million or more.

“Right now, they’re just covering their ass and saying everything that the PGA Tour basically has trained them to say, have taught them to say and try to make it not about money when everyone knows 100 percent it’s about more guaranteed money being funneled to the top players in the world. We’ve been talking about money for the last two years and for them not to say that that’s not the No. 1 reason why they’re making these changes — it’s very, very hypocritical.”

Hahn hasn’t won since the 2016 Wells Fargo Championship and has missed 13 cuts since last year’s Players Championship. He qualified for the Players this year because he finished 113th in the FedEx Cup standings in 2022.

McIlroy, 33, is ranked No. 3 in the world after finishing a shot behind leader Kurt Kitayama last week at the Arnold Palmer Invitational. He could become No. 1 with a victory this week at TPC Sawgrass.

–Field Level Media

GoodRx Reports Better Than Expected Q4 Results

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GoodRx Holdings, Inc. (NASDAQ:GDRX) reported its Q4 earnings results last week, with EPS of $0.07 coming in better than the Street estimate of $0.05. Revenue was $184.1 million, beating the Street estimate of $178.67 million.
Management provided the initial 2023 guidance, estimating revenue to be in the range of $780-$790 million with a mid-20s adjusted EBITDA margin. The Street expected the company to generate $778 million in revenue with approximately a 24% margin.


For Q1, the company expects revenue in the range of $181-$183 million with a mid-20s margin, mostly in line with the Street estimates.
Management highlighted the new collaboration with Express Scripts which builds in GoodRx discount prices in the pharmacy benefits for all participating Cigna Health Plans with over 10 million lives.

How Groupon Will Revolutionize And Help The Retail Industry Post Covid -19

PGA News: Rory McIlroy: LIV Golf threat ‘has benefited everyone’

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Rory McIlroy has spent the past year as the leading voice among the players in the PGA Tour’s battle against the upstart LIV Golf League.

He’s also the first one to admit the threat from its Saudi-backed rival forced the PGA Tour to aggressively address its “antiquated system” in a way that benefits players on all of the top tours.

McIlroy made the comments on Tuesday ahead of his 13th start at The Players Championship, which he won in 2019. The remarks came after the tour’s annual players meeting, which followed last week’s announcement that 2024 will include eight limited field, no-cut events.

This year’s designated events feature $20 million purses, while The Players was increased to $25 million. McIlroy said “a lot” of the changes have been stirred by the threat of LIV Golf.

“I’m not going to sit here and lie; I think the emergence of LIV or the emergence of a competitor to the PGA Tour has benefited everyone that plays elite professional golf,” the 33-year-old from Northern Ireland said. “I think when you’ve been the biggest golf league in the biggest market in the world for the last 60 years, there’s not a lot of incentive to innovate.

“This has caused a ton of innovation at the PGA Tour and what was quite, I would say, an antiquated system is being revamped to try to mirror where we’re at in the world in the 21st century with the media landscape. The PGA Tour isn’t just competing with LIV Golf or other sports. It’s competing with Instagram and TikTok and everything else that’s trying to take eyeballs away from the PGA Tour as a product.”

World No. 1 Jon Rahm echoed McIlroy’s thoughts about the PGA Tour alterations.

“Without LIV Golf, this wouldn’t have happened. So to an extent, like I’ve said before, we should be thankful this threat has made the PGA TOUR want to change things,” Rahm, a 28-year-old from Spain, said. “I think I said it last week, as well; I wish it didn’t come to the PGA TOUR being, you know, under fire from somebody else to make those changes and make things better for the players, but I guess it is what we needed. So, yeah, it is because of LIV Golf, otherwise we wouldn’t have seen any of this.”

PGA Tour commissioner Jay Monahan acknowledged Tuesday that it is “awkward” not to have Australian Cameron Smith in this week’s field, the defending Players champion who now lives in Ponte Vedra Beach, the site of The Players. In fact, four players who finished in the top six last year have since joined LIV Golf.

“Would it be better if the defending champion was here this week? Absolutely,” McIlroy said. “But he made a decision that he felt was the best thing for him, and he knew that decision was going to come with consequences. And one of the consequences is right now not being able to play on the PGA Tour.”

He added that LIV has “definitely had a massive impact on the game.” Beyond the noticeable players missing from the PGA Tour’s “fifth major” this week, the McIlroy previously admitted to fractured relationships with longtime European Ryder Cup teammates, including Sergio Garcia, Ian Poulter and Lee Westwood.

McIlroy also has spent countless hours working as an advocate for the players on the policy board. He said Tuesday that an initial plan during a meeting in Delaware last August called for a schedule featuring 14 designated events.

McIlroy said that plan would have been “self-serving for the 20 players in that room.” The plan announced last week trims that to eight events, with the intention being to spread them out to encourage the top players to enter a handful of full-field events to keep their games sharp.

It also includes “enough jeopardy,” as McIlroy said, where even the top players must continue to secure their spots into those designated events.

“It’s trying to create the best schedule that guarantees that the top players play in the big events,” he said. “But also that it can sort of guarantee the participation in a handful of the full-field events as well. So I think there’s a pretty good balance to it.”

After a seven-hour meeting with the Tour Policy Board last week, the tour presented a pared-down version of the plan during the Tuesday player meeting.

“I think it was good for them to see that and to see what the thinking is behind what we’re really trying to do here,” McIlroy said. “I think the temperature in the room was nowhere near as hot as I anticipated it to be once the information was sort of laid out.”

While serving and as the de facto voice of the PGA Tour players in the ongoing public relations battle with LIV Golf, McIlroy has managed to stay focused on his game. He won three times in a seven-event span to regain the No. 1 world ranking.

That quickly was reclaimed by Scottie Scheffler and then Rahm, with McIlroy slipping to No. 3 entering this week. He’s coming off a tie for second last week in the Arnold Palmer Invitational and is hopeful that he can enjoy a bit more balance in his life now that the plan for 2024 has been made public.

“When I went on the board of the PGA Tour, I didn’t imagine it would take up this much time. But I think it’s been important work, and I’m proud of the steps that we and the PGA Tour have made to try to make everything better for the membership and try to stem the flow of players that have went to LIV,” he said.

“But yeah, hopefully with these new changes that have been announced, hopefully the majority of my time will be spent on concentrating on getting ready for golf tournaments and trying to be the best player that I can be.

“It might give me a bit more free time to do other things that I enjoy, as well.”

–Field Level Media

Lordstown Motors Shares Plummet 9 percent on Q4 Miss

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Lordstown Motors (NASDAQ:RIDE) shares plunged nearly 9% on Monday after the company reported its Q4 results, with EPS of ($0.45) coming in worse than the Street estimate of ($0.32).
The company provided an operational update as it recently announced a production and delivery halt on its debut Endurance electric pickup to address performance and quality issues within the vehicles. The company confirmed that it began deliveries of the Endurance in Q4, successfully delivering just 3 units and a total of 6 units through February before it voluntarily recalled the vehicles, leading to net sales of $0.2 million.
From a liquidity standpoint, the company exited the year with about $221.7 million in cash and short-term investments, $52 million of which was provided by Foxconn in the quarter as part of its previously announced equity agreement.
Looking ahead, management provided some initial guidance for Q1/23, calling for OPEX to decline slightly quarter-over-quarter as a large decline in SG&A will offset higher R&D spending.

PGA News: Tour commish on limited, no-cut fields: Change ‘can be uncomfortable’

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PGA Tour commissioner Jay Monahan was confidently defiant as he came armed with loads of data and talking points for his annual press conference at The Players Championship on Tuesday.

The Tour’s announcement last week of limited, no-cut fields for eight designated events in 2024 sparked controversy throughout the golf world. While recognizing it might not be the perfect solution out of the gate and that change “can be uncomfortable,” Monahan said all of the tour’s modeling suggested this was the best approach moving forward.

“At the heart of the changes announced is our effort to present the best possible PGA Tour to our fans and provide maximum benefits for every PGA Tour member across the board,” he said. “We’ve looked at all possible competitive models, and it was evident and perhaps obvious that whatever we do differently, we must showcase our top performers competing against one another more often.”

The notion of the tour’s top players competing for larger purses in limited, no-cut fields led LIV Golf defectors Ian Poulter and Lee Westwood to take to social media to stir the debate about how that differs from the Saudi-backed rival league.

PGA Tour veteran James Hahn, ranked 305th in the world, told Golfweek he hates the changes. He accused the tour of being “hypocritical” while hiding what he believes is the true intention of funneling more money to its top players so they won’t leave for LIV.

Monahan’s response is that players still must qualify for the designated events and continue to earn their way into the marquee tournaments.

“I would ask you, do you think we really look the same? The players that are competing in our events in this new format next year will have earned the right to compete in them and they will have earned it through top-50 position in the FedEx Cup this year as well as their performance in the fall and ultimately in these swings,” Monahan said.

“That’s what this organization has always stood for. The PGA Tour has always had limited-field, no-cut 72-hole stroke play events. In fact, Jack Nicklaus won 17 times in that format. Arnold Palmer won 23. Tiger Woods won 26. To me, those wins, those, the format did not diminish those accomplishments as we sit here today.

“I think as we look out to 2024, 2025, 2026, the same will hold true.”

When the PGA Tour responded to the LIV Golf threat by creating designated events with full fields competing for $20 and $25 million purses for the 2022-23 season, the collateral damage has proved to be the regular tour stops in between.

With the top players in the world building their schedules around the designated events, last month’s Honda Classic didn’t have a single top-15 player in the field as it sat between the Genesis Invitational and the Arnold Palmer Invitational. Next week’s Valspar Championship faces a similar dilemma as it follows the Arnold Palmer and The Players.

Peter Malnati is one of five players on the PGA Tour’s Advisory Board. After initially being adamantly opposed to the proposed changes, he admitted last week that he now believes they will help the full membership.

As the 220th-ranked player in the world, Malnati held the concern shared by many of the tour “grinders” that the changes would only benefit the cream of the crop. But following a seven-hour meeting at Bay Hill during which the tour presented data on the percentage of players on average move in and out of the top 50, he came away convinced that limited, no-cut fields will only strengthen the full-field events.

“I just couldn’t believe how much I had transformed my view on what we were doing,” Malnati told Golfweek. “I think everyone thinks that we’re screwing up and I really actually don’t think we are.

“It was the only way to protect the little guys. … When I saw the numbers, you couldn’t ignore it.”

And that’s the point Monahan attempted to drive home on Tuesday.

“When you look to the future, being able to balance our entire schedule between designated and full-field events is absolutely critical,” he said. “By keeping these field sizes at 70 to 80 players, that allows us to make the field sizes at all of our full-field events as strong if not stronger going forward.

“All of our modeling suggests that.”

One of Monahan’s “data points” was a look at the number of top 30 players in the world rankings who competed against each other at non-majors. According to the tour’s data, that number was less than 40 percent, compared to 95 percent at the majors.

While acknowledging this transition year has led to some difficulties for regular tour stops, Monahan also pointed out the storylines they have generated. The most recent was Chris Kirk earning his first win in seven years following a well-documented battle with alcoholism. He outlasted Eric Cole, a journeyman pro with 54 mini-tour victories on his resume.

Monahan believes these types of storylines will continue to be created under the new model. Meanwhile, unheralded players like Kurt Kitayama will have opportunities to qualify for designated events and pull off remarkable feats such as his win at Bay Hill last week.

“The analogy that I’ve been playing around with, one great chapter does not make a great book,” Monahan said. “A few great chapters cannot stand alone. It is the whole story, the ebbs and the flows, the transitions, the connectivity between each. That’s what makes a book great, and that’s what you need to do to deliver a bestseller.

“That’s what we’re attempting to do with our new competitive model. I’m confident our fans, partners and players will get what they’re looking for – the most competitive compelling consequential Tour in the world.”

Monahan acknowledged the “awkward” element of reigning champion Cam Smith – who lives in the area – not being in the field to defend his Players title this week. He’s one of four players who finished in the top six last year who have since joined LIV Golf.

However, the 144-player field does include the top three players in the world rankings, which has changed hands several times between Jon Rahm, Scottie Scheffler and Rory McIlroy already this year. Rahm arrived at The Players ranked No. 1 for the second consecutive year, but Scheffler and McIlroy again have an opportunity to wrest it away from him this week.

Woods won the second of his two Players titles in 2013, and there has been a first-time winner every year since.

“When you have top players competing together more often, as we’ve said we’re going to do, those same storylines are going to come through and the connectivity over the course of the season I think is something that right now we don’t fully understand, but when we get into it I think it’s going to be extremely compelling and is going to help all of our events grow and succeed,” Monahan said.

“I’m going to say this: It’s a great time to be a PGA Tour fan and a PGA Tour player.”

–Field Level Media

ATP News: Jenson Brooksby (wrist) out 10-plus weeks after surgery


American Jenson Brooksby underwent surgery on his left wrist on Tuesday to repair a dislocated tendon.

Brooksby, ranked No. 49 in the world, is expected to miss 10 to 12 weeks.

Brooksby, 22, had been bothered by the injury for two years but the situation worsened when he further hurt the tendon during a semifinal loss against Cameron Norrie at the ASB Classic in Auckland, New Zealand in January.

“I knew it was something that was pretty bad and I’d have to miss some time,” Brooksby told the ATP website. “I tried to take the conservative route with it but it was to no avail. There was still a lot of pain and it’s the last option, so it’s just what I have to do now.”

Brooksby’s best showing at a Grand Slam event was reaching the fourth round of the 2021 U.S. Open.

–Field Level Media

Nutanix Shares Drop 7 percent Despite Q2 Preliminary Results Beat Estimates

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Nutanix (NASDAQ:NTNX) shares fell more than 7% intra-day today despite the company posting above the Street Q2 preliminary results.
Revenue increased 18% year-over-year to $486.5 million, beating the Street estimate of $464.97M. ACV billings grew 23% year-over-year to $267.6 million.
For Q3/23, management anticipates revenue to be in the range of $430-440 million, above the Street estimate of $425.38 million. ACV billings are expected to be in the range of $220-$225 million.
For the full 2023-year, management sees revenue in the range of $1.8-1.81 billion, above the Street estimate of $1.78B. ACV billings are seen at $905 – $915 million.
Management noted that it recently discovered that the software they were using from a third-party provider that was intended to be used only for evaluation purposes was being used by Nutanix for interoperability testing, validation, and customer POCs over a multi-year period. The audit committee has started an investigation and there are likely to be additional costs. As a result, Nutanix will reschedule its investor day to the summer of 2023. Management believes the investigation will not have an impact on topline metrics and remains comfortable with its FCF guide after factoring in a potential impact from the investigation.

Four-star wing Marcus Adams Jr. chooses Kansas


Four-star wing Marcus Adams Jr. committed to Kansas on Tuesday after a last-minute call from Jayhawks coach Bill Self convinced him to steer away from UCLA.

Adams, a 6-foot-8 junior at Narbonne High School in Harbor City, Calif., is ranked by 247Sports as the No. 29 player in his class. In addition to Kansas, he visited UCLA and Syracuse.

Adams told the Kansas City Star, “Coach Self, (assistant) coach (Kurtis) Townsend were really great people. They helped me out (with) a lot of things during the visit (Feb 24-26) and answered all my questions without a problem. I love the fan base over there.

“I love the people on social media telling me they really need me and they really want me. I felt like that’s a good place for me to go and I fit in really good.”

No. 3 Kansas (25-6) figures to have holes to fill in its lineup next season with two 6-foot-8 players, Big 12 Player of the Year Jalen Wilson and Gradey Dick, expected to head to the NBA.

“Kansas produced the most pros and gives me the best opportunity for playing time,” Adams told 247Sports. “There’s opportunity to play right away with the older guys like Jalen and Gradey leaving after this year and they’ll need a replacement.

“(Self) needs me to score, so that’s what I’m there to do. There’s going to be some older guys there I’ve already spoken to and I’m looking forward to playing with them.”

–Field Level Media

No. 9 Gonzaga blasts No. 16 Saint Mary’s for WCC tourney title


Drew Timme recorded 18 points and six rebounds and became Gonzaga’s all-time leading scorer as the ninth-ranked Bulldogs routed No. 16 Saint Mary’s 77-51 on Tuesday night in the West Coast Conference tournament title game at Las Vegas.

Malachi Smith scored 14 points, Nolan Hickman added 12 points on four 3-pointers and Julian Strawther put up 10 points as the second-seeded Bulldogs (28-5) never trailed while making their 26th consecutive title game appearance. Gonzaga went 2-1 against the rival Gaels this season with the latest win resulting in the WCC’s automatic bid to the NCAA Tournament.

Logan Johnson scored 20 points and Alex Ducas had 10 points and seven rebounds for top-seeded Saint Mary’s (26-7), which played in the final for the sixth time in the past eight seasons.

Aidan Mahaney (seven points, 2-of-8 shooting) and Mitchell Saxen (five, 2 of 7) had subpar outings for the Gaels, who shot just 33.3 percent from the field and 4 of 16 from 3-point range.

The Bulldogs, who led by as many as 37 points, have played in the WCC championship game in all 24 of coach Mark Few’s seasons. They are 19-5 in the title game during his tenure.

Timme became Gonzaga’s all-time scorer with a 5-foot hook shot with 10:17 left in the first half. He passed school legend Frank Burgess (2,196 points from 1958-61) and finished the game with 2,210 career points.

Gonzaga shot a stellar 58 percent from the field and made 8 of 14 shot attempts from 3-point range. Timme hit 8 of 10 field-goal attempts and Anton Watson contributed nine points, 10 rebounds and five assists.

The Bulldogs led by 18 at the break and continued to pounce on Saint Mary’s in the second half.

Watson made back-to-back baskets to increase the lead to 48-24 with 14:50 remaining. Just over five minutes later, Ben Gregg made two free throws to push the lead to 30 at 59-29 with 9:26 left.

The lead topped out at 72-35 on Smith’s trey with 3:56 remaining.

Timme had 14 points and five rebounds as Gonzaga held a commanding 37-19 halftime advantage.

The Bulldogs took a 17-6 lead on Strawther’s 3-pointer with 12:31 remaining in the first half. The Gaels moved within seven before Timme’s milestone basket started a 9-0 run that boosted Gonzaga’s lead to 28-12 with 6:26 remaining.

Ducas hit a 3-pointer to bring Saint Mary’s within 31-19 with 3:13 left before the Bulldogs scored the final six points of the half.

–Field Level Media

Conference tournament finals: NKU, Charleston, ORU earn NCAA bids


Marques Warrick scored 18 points and Sam Vinson added 16 as Northern Kentucky edged Cleveland State 63-61 to win the Horizon League championship game on Tuesday in Indianapolis.

The Norse (22-12) are headed to the NCAA Tournament for the third time in seven years. They also won the Horizon title in 2020, but the NCAA tourney was canceled that year due to the pandemic.

Northern Kentucky went up by seven with 16 seconds left when Warrick sank two foul shots. Cleveland State’s Deshon Parker sank a layup, and the Vikings got the ball back and got a 3-pointer from Drew Lowder in the last second, but it wasn’t enough.

Tristan Enaruna paced Cleveland State (21-13) with 17 points, and Parker scored 14 points.

Charleston 63, UNC Wilmington 58

A late 12-0 run carried the Cougars to a victory over the Seahawks in the Colonial Athletic Association final in Washington.

Down 53-45 with just over six minutes left, Charleston (31-3) got six points from Ryan Larson in the game-changing surge. Larson finished with 23 points, and teammate Ante Brzovic added 16 points and eight rebounds for the Cougars, who are NCAA Tournament-bound for the first time since 2018.

Trazarien White and Amari Kelly each had 16 points for UNC Wilmington (24-10).

Merrimack 67, Fairleigh Dickinson 66

Jordan McKoy sank a tiebreaking free throw with eight seconds to go and the Warriors defeated the Knights in the Northeast Conference final in North Andover, Mass.

Despite the result, Fairleigh Dickinson (19-15) earned the conference’s automatic NCAA Tournament bid because Merrimack (18-16) is ineligible while still transitioning from Division II to Division I. The Knights are headed to March Madness for the first time in four years.

Ziggy Reid paced the Warriors with 23 points while Jordan Minor added 19. The Knights got 15 points and six assists from Demetre Roberts plus 13 points and nine rebounds from Cameron Tweedy.

Oral Roberts 92, North Dakota State 58

Max Abmas scored 26 points and dished out 11 assists as the Golden Eagles routed the Bison in the Summit League tournament final in Sioux Falls, S.D.

Patrick Mwamba put up 20 points and Connor Vanover contributed 10 points, 10 rebounds and six blocks as Oral Roberts (30-4) captured an NCAA Tournament berth for the second time in three years. The Golden Eagles led 51-20 at halftime and pushed the advantage to as many as 38 points.

North Dakota State (16-17) got 18 points from Boden Skunberg, 13 from Andrew Morgan and 10 from Damari Wheeler-Thomas.

–Field Level Media