SportBusiness.com

ABC TO DROP GOLF

ABC Sports is no longer part of the negotiations for the PGA Tour's next television contract, leaving only CBS and NBC to broadcast the majority of tournaments.

The tour's contract expires after this year and the Tour has twice negotiated massive deals with the networks through the popularity of Tiger Woods.

But the networks have said they were losing money on golf, and PGA Tour commissioner Tim Finchem introduced a revamped schedule to the negotiations this year.

Starting in 2007, the tour will feature the FedEx Cup, a points race that culminates with three major tournaments, ending with the Tour Championship. It is designed to sustain interest throughout the season.

ABC now has bigger financial commitments to the NFL and MLB, while ABC/ESPN will reportedly pay as much as $270million a year for a piece of NASCAR.