Sneakylong It [LIV Golf] is an exhibition series, it's not proper golf. In golf tournaments we have cuts, that separates golf from other sports - if you play badly, you leave town early and get weekends off. Historically that's what it's about and people like to see that kind of competition."
WGC, Tiger's tournament, all no cut, all guarantee a paycheck, all award world ranking points.
The 3 day tournament existed as far into the 60s, the TV needed 18 holes on Saturday and Sunday. Still most of the 3 day tournaments were 72 holes, 36 holes the last day.
PGA Tour plus Marketing did away with the 18 hole playoffs, rearranged the order players are sent out among other changes. good/bad not sure.