Founded in conjunction with the PGA Tour, the TGL aims to attract a younger audience to golf through technology and custom arenas.
Leagues will consist of six teams of three PGA Tour players and will be broadcast live in a primetime slot on Monday nights.
The high-tech concept allows players to take shots on a virtual screen before heading to a “state-of-the-art short-game complex” in the center of the stadium, according to a press release.
Each shot is played within two hours to make golf more appealing to the spectators, who line the side of the greens to watch the action unfold. The first season will feature a 15-game schedule, followed by playoffs and a championship game.
“We all know what it’s like to be in a football stadium or a basketball arena where you can watch every game and every minute of action happen in front of you,” said 15-time Major Woods.
“It’s something inherently impossible in traditional golf – and an aspect of TGL that will set it apart and appeal to a new generation of fans.”
“TGL will capitalize on the appeal of team golf in an exciting, fan-friendly environment, akin to sitting on the court at an NBA game,” said World No. 4 McIlroy.
“TGL will increase the appeal of golf to younger and more diverse fans and be another way to introduce people to the game I love.”
The launch comes with the PGA Tour announcing a number of schedule and format changes during the launch of the Saudi-backed LIV Golf series earlier this year.
On Wednesday, the Tour outlined plans to enhance four additional events for the 2023 FedEx Cup season, with the Tour’s top 20 players committing to compete in all 12 of the enhanced events.
There is also a promise to increase the prize pool, with at least a $20 million purse available at each of those 12 events.
“Every member of the PGA Tour will benefit from the changes we are going to make,” said PGA Tour Commissioner Jay Monahan.
“The Tour will continue to grow by ensuring the world’s best players commit to it, by continuing to rely on and invest in our ethos, which is the very best competitive platform.”
Monahan added that players who have signed up for the LIV Golf series will not be allowed to return to the PGA Tour in light of the changes made for next season.
The PIF has pledged to award a total of $250 million in prize money to the series. Each of the first seven events will have a total prize pool of $25 million, with $20 million being split between individual players and the remaining $5 million being split between the top three teams at the end of each week.
CNN’s Matt Foster and Jill Martin contributed to the coverage.