Tag: chip brewer

Jon Rahm extends his contract with Callaway Golf

The extension of Rahm’s contract includes an equity position in Topgolf Callaway Brands.

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On the eve of the 151st Open Championship at Royal Liverpool, Callaway announced that it has reached an agreement with Jon Rahm that will extend the Spaniard’s relationship with the brand and ensure that the golfer who is currently ranked No. 3 in the Official World Golf Ranking will be using Callaway gear for years to come.

Rahm, 28, won the 2021 U.S. Open at Torrey Pines and the 2023 Masters using Callaway equipment.

While the complete financial details of the endorsement deal were not disclosed, the extension of Rahm’s contract includes an equity position for Rahm in Topgolf Callaway Brands.

“We’re so proud to have Jon on our staff, and we couldn’t be more excited about this extension of our long-term partnership. Jon is an amazing talent, and he’s driven to be one of the very best to ever play the game,” said Topgolf Callaway Brands president and CEO Chip Brewer. “Equally important, he is a man of strong integrity and a brand ambassador who shares our passion for making a positive impact on our global sport. It’s a pleasure to work with him, and we look forward to focusing our considerable resources on his continued success.”

This season, Rahm has won The American Express, The Genesis Invitational, the Sentry Tournament of Champions and the Masters to earn more than $15 million in prize money.

Jon Rahm's Callaway equipment
Jon Rahm’s Callaway equipment. (Photo: David Dusek/Golfweek)

Rahm’s contract extension will require him to use Callaway and Odyssey equipment, wear Callaway headwear, TravisMathew apparel and footwear, and help to promote Topgolf. Below is a list of the clubs he has been using in 2023:

DRIVER: Callaway Paradym Triple Diamond (10.5 degrees), with Aldila Tour Green 75 TX shaft

[afflinkbutton text=”Shop Jon Rahm’s driver” link=”https://pga-tour-superstore.pxf.io/zaWJkG”]

FAIRWAY WOOD: Callaway Paradym Triple Diamond (16, 18 degrees), with Graphite Design Tour AD DI 8X shafts

[afflinkbutton text=”Shop Jon Rahm’s fairway wood” link=”https://pga-tour-superstore.pxf.io/NKgjyq”]

IRONS: Callaway Apex TCB (4-PW), with Project X 6.5 shafts

WEDGES: Callaway JAWS Raw (52, 56, 60 degrees), with Project X 6.5 shafts

[afflinkbutton text=”Shop Jon Rahm’s wedges” link=”https://globalgolf.pxf.io/x9BQ6v”]

PUTTER: Odyssey White Hot OG Rossie S

[afflinkbutton text=”Shop Jon Rahm’s putter” link=”https://globalgolf.pxf.io/P01rQj”]

BALL: Callaway Chrome Soft X

[afflinkbutton text=”Shop Jon Rahm’s golf ball” link=”https://globalgolf.pxf.io/rnVON3″]

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Coronavirus: Callaway’s Chip Brewer joins CEOs foregoing salary

Callaway’s Brewer earned $900,000 in base salary in 2019, according to an SEC filing.

Callaway’s Chip Brewer joined the list of high-profile corporate leaders — among them PGA Tour commissioner Jay Monahan — who have opted to forgo salaries as the COVID-19 pandemic wreaks havoc with the global economy.

According to public records, Brewer earned a base salary of $900,000 last year. (His total compensation, including stock incentives, amounted to $5.8 million.) He will forgo any base salary beginning with the next pay period.

Callaway’s 8K filing on March 25 noted that it was “proactively taking actions to significantly reduce costs and conserve cash in order to mitigate the impact of the coronavirus outbreak on its business.”

The Carlsbad, California-based equipment maker’s filing on Monday also said that other executive officers, including Brian Lynch, executive vice president and chief financial officer, had joined Brewer in voluntarily taking pay cuts of their base salary of 20 percent. Callaway’s board of directors also elected to waive its annual cash retainer fees for 2020. In addition, members of senior management and other employees had their base salaries “reduced in graduated amounts.”

Callaway’s stock price has been slashed in half since February when it was trading for more than $21 per share and closed on April 6 at $10.58.