The 2023 edition of the LPGA Tour Championship just teed off, but the season-ending tournament already is making waves into 2024.

Next year’s first-place winner will receive a record $4 million, up from $2 million. The total purse will increase from $11 million, up from $7 million and tied with the U.S. Open as the largest purses in tour history.

On Wednesday, CME Group announced a two-year extension of their partnership with the LPGA, which included the increased purse size. In addition to $4 million for the winner, $1 million will go to the runner-up.

CME Group has sponsored the final major of the season since 2011. And the extension of the partnership signifies the “growth and strength of the LPGA,” according to LPGA commissioner Mollie Marcoux Samaan.

“CME Group has been pushing the LPGA forward at every step of our evolution since 2011, and with this extension they are once again helping take the LPGA, women’s golf and women’s sports to unprecedented heights,” she said in a statement.

Those looking to follow this year’s tournament can watch it on Peacock from Thursday through Saturday beginning at 2 p.m. ET. NBC and Peacock will present the final round beginning at 1 p.m. ET Sunday.