Ping Waives 20 Year Old Settlement
By Kickntrue on 3/8/10
Ping Eye 2 wedge with U Grooves will be illegal on the PGA Tour starting March 29, because Ping has agreed to waive their settlement from 20 years ago.
“John Solheim and Ping had a terrific opportunity to do something very positive and significant for the game of golf, and we very much appreciate his willingness to take this action,” PGA Tour commissioner Tim Finchem said.But here is the fun part. It gets nice and DEEP so make sure you're wearing your rubber shoes.
In return for the waiver, Solheim is hopeful equipment companies will have a stronger voice when the USGA makes new rules. The USGA will hold a forum this fall to improve the process of creating equipment regulations.HAHA! I'm sure Ping did it JUST for the hopes that the USGA will listen more to equipment manufacturers. I doubt ANY money changed hands...
It better have, otherwise I'm calling WEAK SAUSE on Ping. It's one thing to sell out- but to just back down when you're on the right side of the law would be pathetic.
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I dunno, I like to think the publicity alone of Ping doing whats right for the game (ie. killing the never-ending controversy) would be enough for them.
@ipv6freely- admittedly, despite the name recognition from the controversy, it's not like Ping could make any money from 20 year old wedges. Any commerce happened was from used wedges with Ping not making a cent.
I think Kickntrue is on to something. Ping can't make any money on these, because they needed to be MADE before 1990. It does Ping no good to keep the loophole open.
You guys are living under a rock. Ping got about $30M in advertising time alone with the groove controversy. For weeks the only thing on anyone's lips was Ping this, Ping that, Ping everything. As a marketing tool alone, they couldn't have established their brand any better than to have every single golfer on the tour say "Ping" (cha-CHING) at least once in the last few months. Ping was never about making money on 20-year-old wedges, but they knew how to milk it and suck up some major television dollars in the process. They finally closed the loophole once it wasn't the big topic anymore.
@grady... And now, they are getting the advertising all over again. They will get it for this week, and each time another "milestone"/day/tourney in the ruling is reached. Heh... smart move Ping!
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