RICHMOND, VA (WWBT) - PGA Tour Commissioner and University of Richmond graduate Tim Finchem has received a four-year contract extension, keeping him in charge of golf's biggest tour through 2016.
Finchem is 64, meaning he will be 69 if he chooses to stay for the length of his new contract. has been commissioner since 1994. He suggested last year that he might be willing to stay on the job after his contract was up in 2012. The extension was approved by a policy board of five independent directors and four player directors.
He is coming off a demanding three years of an economic crisis in which the PGA Tour remained fully sponsored and recently signed a nine-year television deal with CBS Sports and NBC Sports.
Finchem graduated from Princess Anne High School in Virginia Beach, Virginia. He attended the University of Richmond on a debate scholarship, receiving his Bachelor of Arts degree in 1969. He graduated from the University of Virginia School of Law in 1973. After practicing law in Virginia Beach for three years, Finchem served in the White House during the administration of Jimmy Carter as Deputy Advisor to the President in the Office of Economic Affairs in 1978 and 1979.