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09/03/2010 - Dublin, OH (Sportsbook Betting Lines) - Nationwide Insurance has closed one door and opened another.
The company said Friday it will no longer sponsor the PGA Tour's developmental circuit when its contract runs out after the 2012 season. But it also announced a six-year deal to become the presenting sponsor of the Memorial Tournament beginning in 2011.
The insurance giant has been the title sponsor of the Nationwide Tour since 2003, when it took over for Buy.com, and is currently in the eighth year of a 10-year deal.
PGA Tour commissioner Tim Finchem said he doesn't anticipate any problems finding another company to sign on as a sponsor for the 2013 season and beyond.
"Some people view it as maybe the best branding opportunity in sports because of the overall exposure," Finchem said.
He said the tour wants to find a company "that's active, engaged (and) wants to build something."
"And if we can manage that," Finchem said, "we'll be just fine."
Nationwide executive Jim Lyski said the company has been happy to be the namesake of the developmental tour, but jumped at the opportunity to sponsor the Memorial.
Jack Nicklaus' tournament -- a top draw on the PGA Tour -- is held at Muirfield Village in Dublin, close to Nationwide's headquarters in Columbus.
"We have been very, very happy over the last several years with the Nationwide Tour, but when we had an opportunity to step up and sponsor or present the Memorial, it was too good of an opportunity to pass," Lyski said.
<< Newton set to debut as No. 22 Auburn's QB
AUBURN, Ala. (AP) -Quarterback Cameron Newton has been the talk of Auburn since his arrival on campus. He's big, he's mobile and he's a skilled leader who can direct Gus Malzahn's offense to even bigger numbers.That's the buzz, at least.Really, the
<< No. 7 Sooners seek entry into 800-win club
NORMAN, Okla. (AP) -The pictures on the walls and the old videos Bob Stoops shows to his players serve as a reminder that Oklahoma's program has been thriving for decades, since long before any of them were around.On Saturday night, Oklahoma can add
<< Penguins sign F Mike Comrie to $500,000 contract
PITTSBURGH (AP) - The Pittsburgh Penguins have signed forward Mike Comrie to a $500,000, one-year contract, giving them a proven scorer who might be capable of playing on one of their top three lines.The Penguins, looking for affordable scoring help
<< It's Darron Thomas time for the No. 11 Ducks
EUGENE, Ore. (AP) -Darron Thomas seems to have it easy, making his debut as Oregon's starting quarterback at home and with the No. 11 Ducks heavily favored.But it's quite the contrary.When Thomas takes the field on Saturday against New Mexico, all e
Surging Wizards seek more road success at Union >>
Chester, PA (Sportsbook Betting Lines) - Kansas City coach Peter Vermes said last week's
2-0 win at the Los Angeles Galaxy was "probably our best 90-minute performance
of the whole season," but the surging Wizards still have work to do to qualify
for the
Stosur, Dementieva first into U.S. Open fourth round >>
Flushing Meadows, NY (Sportsbook Betting Lines) - Samantha Stosur of Australia and
Russia's Elena Dementieva were third-round winners Friday at the U.S. Open.
The fifth-seeded Stosur thumped Italy's Sara Errani, 6-2, 6-3, while the 12th-
seeded Dement
Maple Leafs' stock slowly rising >>
Toronto, ON (Sportsbook Betting Lines) - There is guarded optimism surrounding the
Toronto Maple Leafs heading into the 2010-11 NHL season, much of that due to
the astute moves made this offseason by general manager Brian Burke.
Through trade
Morgan gets eight games, Volstad six after Nats/Marlins brawl >>
New York, NY (Sportsbook Betting Lines) - Washington Nationals outfielder Nyjer Morgan
was suspended for eight games and Florida Marlins pitcher Chris Volstad was
given a six-game penalty for their roles in Wednesday's benches-clearing
inciden
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