It replaced the WPGA and held 14 events with $50,000 in total prize money .
1950 -- The Ladies Professional Golf Association ( LPGA ) was established with financial help from Wilson Sporting Goods .
Ladies Professional Golf Association replaced the LPGA and held 14 events with $50,000 in total prize money .
1950 -- The Ladies Professional Golf Association ( LPGA ) was established with financial help from Wilson Sporting Goods .