The PGA Tour, Bermuda Tourism Authority and Butterfield have agreed to a multi-year extension as co-title sponsors of the Butterfield Bermuda Championship.

The partnership has been extended for another two years with an option for a third, with the 72-hole tournament featured as part of the PGA Tour’s FedEx Cup Fall, including a $6.5 million purse and 500 FedEx Cup Points awarded to the winner.

In 2022, the event donated $1 million to local charities while generating a total economic impact of $17 million, according to a report by KPMG.

“We would like to thank Bermuda Tourism Authority and Butterfield for their continued support of the Butterfield Bermuda Championship, and we look forward to further building upon the substantial charitable and economic impact the event has made on the island,” Tyler Dennis, the PGA Tour chief competitions officer, commented. “Our players and their families are thrilled to see this tournament and its world-class golf course remain on the PGA Tour schedule.”

Tracy Berkeley, chief executive of the Bermuda Tourism Authority, added: “The Bermuda Tourism Authority is excited to continue our partnership with Butterfield and the PGA Tour to showcase our beautiful island on a global stage.

“We’ve seen what the economic impact from this event can do for our community and look forward to continuing the momentum.”

Kevin Dallas, Group Head of Marketing and Communications at Butterfield, said the bank is also delighted to continue working with their partners.

“We are pleased to continue our partnership, in collaboration with Mastercard, to provide our valued cardholders and clients with exclusive opportunities and experiences,” he said.

“The Butterfield Bermuda Championship Birdies for Charity also remains a key part of this world-class tournament, and we look forward to carrying on with this initiative to help benefit the wider community.”