Contracts were signed Wednesday, just in time for this year’s Deutsche Bank Championship, and finally making the deal official. Deutsche Bank, the only title sponsor in tournament history, will remain in that role through at least 2016, after the bank reached an agreement on a four-year extension with the PGA Tour.
All signs pointed to the new deal, with Deutsche Bank Americas CEO Seth Waugh saying a month ago that a handshake agreement was in place. The announcement comes during tournament week, with play scheduled to start at TPC Boston on Friday. EMC will also remain the local presenting sponsor during the contract extension.
“We are delighted to announce the continuation of our title sponsorship through 2016,” Waugh said. “We are extremely proud of the success and positive impact the Deutsche Bank Championship has had over these first 10 years.”
The tournament has always been held over Labor Day weekend, and since 2007 has been the second of four events in the tour’s FedEx Cup playoffs.
“With today’s announcement, the Deutsche Bank Championship will continue its positive influence throughout the region and maintain its important role in the FedEx Cup playoffs,” Tim Finchem, commissioner of the PGA Tour, said. “We sincerely thank and congratulate Deutsche Bank for this new four-year commitment.”