Finchem gets four-year extension

Finchem gets four-year extension

Published Jan. 11, 2012 12:20 p.m. ET

PGA Tour commissioner Tim Finchem has received a four-year contract extension, keeping him in charge of golf's biggest tour through 2016.

Finchem 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.

Finchem is 64, meaning he will be 69 if he chooses to stay for the length of his new contract.

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.