South Africa's new big-money tournament on hold


South Africa's new big-money tournament on hold

PORT ELIZABETH, South Africa (AP) The South African golf tournament claiming to be among the richest anywhere outside the United States and a challenger to some of the world's top events has been indefinitely postponed.

Organizers said Friday that the Tournament of Hope, which was to have prize money of $8.5 million, won't take place in November as planned and has been ``put on hold for the foreseeable future'' after failing to secure sponsorship.

South Africa's Sunshine Tour says that it has been ``unable to fulfill the expectations of potential sponsors for various reasons beyond its control'' and the weakening of the South African currency ``added more pressure to the budget.''

Sunshine Tour executive director Selwyn Nathan says ``it is deeply regrettable that we have had to take this decision.''

The Tournament of Hope was sanctioned by the International Federation of PGA Tours, though it did not receive World Golf Championships status. It was to be the centerpiece of a proposed worldwide AIDS awareness effort.

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Redskins guarantee Alex Smith a whopping $71 million in new contract

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Redskins guarantee Alex Smith a whopping $71 million in new contract

When the Redskins traded for Alex Smith on January 30, news also broke that he had agreed to a four-year extension with Washington in addition to the one year left on his contract with the Chiefs. While we got some top-line numbers on the deal, we have gone since then without any details.

Until now.

The details show a deal that has a slightly higher cap hit in 2018 than was on his original Chiefs contract and the numbers rise gradually over the life of the deal, which runs through 2022.


Smith got a $27 million signing bonus and his salaries for 2018 ($13 million) and 2019 ($15 million) also are fully guaranteed at signing making the total $55 million (information via Over the Cap, which got data from a report by Albert Breer).

But there is another $16 million that is guaranteed for all practical purposes. On the fifth day of the 2019 league year, his 2020 salary of $16 million becomes fully guaranteed. He almost assuredly will get to the point where that money will become guaranteed since the Redskins are not going to cut him after one year having invested $55 million in him. So the total guarantees come to $71 million.

His 2021 salary is $19 million and it goes up to $21 million in 2022. There have been reports of some incentives available to Smith, but since we have no details, we’ll set those aside for now.

The cap hits on the contract are as follows:

2018: $18.4 million
2019: $20.0 million
2020: $21.4 million
2021: $24.4 million
2022: $26.4 million

The Redskins can realistically move on from Smith after 2020. There would be net cap savings of $13 million in 2021 and $21 million in 2022.

The first impression of the deal is that the Redskins did not move on from Kirk Cousins because they didn’t want to guarantee a lot of money to a quarterback. The total practical guarantee of $71 million is second only to Cousins’ $82.5 million. It should be noted that Cousins’ deal runs for three years and Smith’s contract is for five.


Stay up to date on the Redskins. Rich Tandler covers the team 365 days a year. Like his Facebook page and follow him on Twitter @TandlerNBCS.


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Justin Timberlake shows he has game at Wizards practice court

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Justin Timberlake shows he has game at Wizards practice court

Apparently Justin Timberlake is also good at sports. The pop star showed he has a pretty decent jumpshot while playing on the Wizards' practice court on Sunday ahead of his concert at Capital One Arena.


Timberlake knocked down a halfcourt shot and then two three-pointers in a row. It was all shared on video through his Instagram account and then tweeted by the Wizards.


Wizards owner Ted Leonsis was among the many to attend Timberlake's concert and he put out a series of pictures and videos on social media:


Timberlake is also, of course, an NBA owner himself. He holds a minority stake in the Memphis Grizzlies. No wonder he's good at basketball. He can use their practice court any time he wants.

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