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FedEx extends PGA sponsorship through '17

The PGA Tour is keeping the FedEx Cup for at least five more years with a significant sponsorship renewal.

Commissioner Tim Finchem announced Wednesday that FedEx has extended its umbrella sponsorship through 2017. That's the final piece of sponsorship renewal that the tour navigated through a troubling economic climate.

"We're delighted with the opportunity to make this announcement,"' Finchem said. "That's become a big part of what the PGA Tour is all about."

Finchem already has kept the PGA Tour fully sponsored - only Tampa, Fla., is missing a title sponsor - along with extending the television agreement through 2021. Now it can keep its FedEx Cup, which culminates with four big events and a $10 million bonus for the winner.

Finchem did not get into financial details, though he says there will be ``some growth'' during the next five years. The FedEx Cup offers a total bonus pool of $35 million.

There's talk of the tour moving the start of the season to the fall after the Tour Championship, with the new schedule going into place starting in 2013.

Based on what FedEx executive vice president of Market Development and Corporate Communications Mike Glenn hinted at during an interview on the Golf Channel, on Wednesday, changes are already in the works.

"We're very pleased with the Tour's decision to extend the season and allow the FedEx Cup to be a year-round competition," Glenn said. "That was an important part of our discussions and we were very happy with the outcome."

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