Lee Westwood admits it would be a "no-brainer" if he was offered a multi-million pound contract to play in a breakaway golf league.

Following reports that several top players had been offered deals by Saudi Arabian investors to join a new league, Rory McIlroy re-iterated his opposition and labelled the proposals a "money grab" similar to football's European Super League, which swiftly collapsed following a wide-ranging backlash.

However, at 48 Westwood is at a different stage in his career to the 32-year-old McIlroy and although he has not been approached, the staggering sums potentially involved would interest the former world number one.

"I think there's pluses and minuses for everything," Westwood told a press conference ahead of the US PGA Championship.

"I think they've obviously got a lot of money and they've come out and sent a few shockwaves about and people feel threatened. The people that feel threatened are trying to combat it.

"For me at nearly 50 it's a no-brainer, isn't it? If somebody stood here and offered me 50 million quid to play golf when I'm 48, it's a no-brainer."

Commissioner Jay Monahan addressed the PGA Tour's annual player meeting when reports of the offers to players emerged earlier this month and said any player signing up to the new league would face suspension and possible expulsion from the Tour.

The new league would also need to secure the rights to offer world ranking points for its events as ranking positions are key in qualifying for major championships.

"That's something you have to take into account," Westwood added. "When all these things come along it's a balancing act, isn't it? You've got to throw the balls in the air and juggle them for a while and see what comes up.

"You have to get all the facts together, first of all. I can see it from both sides, but I haven't really gone into depth in it."

Westwood added he will not contest the Tokyo Olympics if he qualifies for the British team.

Tyrrell Hatton and Matt Fitzpatrick currently occupy the qualifying places, with Paul Casey next in line ahead of Westwood, but the 48-year-old has no plans on competing in Japan regardless.

"Many, many reasons," Westwood said when asked why he would not take part.

Tyrrell Hatton

"I have a few family commitments and I already proved a few weeks ago that playing seven in eight weeks is not good for me.

"And there's already a lot of tournaments crammed in around there, Scottish Open, Open Championship. I need a couple of weeks off between there and the FedEx in Memphis.

"Then there's only another week off and I could be playing three FedEx Cup events, the PGA (at Wentworth), a week off, then the Ryder Cup. I want to be in good shape for all of those.

"I think going to Japan the week before Memphis, just with all that going on, is a bad idea, especially when I can't say whether I'm in it (the Olympics) at the moment anyway.

"I'm of an age where I need to make a plan and stick to that going forward, else my game suffers."

Westwood also indicated he is not a fan of the format of Olympic golf, with 60 of the world's top male and female players contesting traditional 72-hole strokeplay events.

"I know why they brought the Olympics to golf, and I'm all for that," the 48-year-old added. "It's taking it to another audience, and obviously the funding from the Olympic committee feeds down through golf, which is great.

"I just feel like maybe they didn't quite get the format right or the players that play in it right and the qualification right."