Martin Alvito
Player Valuation: £50m
Short version: for past champions the Masters is lifetime (until you get 'the letter' from the committee), the US Open is ten years, the PGA is lifetime and the Open is until age 60. You get five years into everything else as a major champion, and three years into the majors if you win the Players. The tournaments all more or less agreed they're better off with the best players, so the LIV players that have exemptions from the majors are all in.I think you get a long exemption for any major that you win (think the number of years varies but it's a long time), and then also about 5 years of exemptions to the other majors when you win one.
None of the majors are ran by the PGA tour so Liv players can still play if they meet any of the criteria to qualify. It will become increasingly difficult for LIV players who have never won a major, to qualify for future majors, because they aren't picking up ranking points.
The tournaments all then have interesting ways of filling the field out. The Masters likes people who won in the last twelve months on the PGA Tour (unless it was paired against an event like a major or a WGC), the PGA prioritizes OWGR and the club pros, the US Open primarily uses OWGR and sectional qualifying, and the Open uses OWGR, the Race to Dubai and some qualifying spots. All of them except the PGA also have a few amateur carve-outs.