The Players Championship
The Players Championship (commonly known as simply The Players, stylized by the PGA Tour as The PLAYERS Championship) is an annual golf tournament on the PGA Tour. Originally known as the Tournament Players Championship, it began in 1974. The Players Championship currently offers the highest prize fund of any tournament in golf ($20 million), overtaking the U.S. Open, which offers a $12.5 million purse. The field usually includes the top 50 players in the world rankings, but unlike the major championships and World Golf Championships events, it is owned by the PGA Tour and not  an official event on other tours. Despite not being a major, it has been promoted as such by the tour, dubbed "the fifth major", and is often regarded as the next most prestigious tournament in golf. This is because of the characteristics it shares with the majors, such as the high class field and its large purse. It also has a renowned host course in Ponte Vedra Beach, Florida (the TPC at Sawgrass Stadium Course at which the tournament has been played since 1982, home of the iconic par-3 No. 17 "Island Green"). Format. As of 2022, the victor receives  $3.6 million, the winner's share (18%) of the largest purse in golf ($20 million), and receives 80 points towards his world ranking, the largest share aside from the majors, for which winners earn 100 points. For comparison, the winners of the four individual World Golf Championships generally receive between 70 and 78 points. The winner also receives a five-year exemption on the PGA Tour (formerly ten years), a three-year invitation to the Masters Tournament, three-year exemptions for the U.S. Open and The Open Championship, and an exemption to the next three PGA Championship tournaments  starting in 2018. The winner earns 600 FedEx Cup points, if a PGA Tour member. Field. The field consists of 144 players consisting of the following criteria: History. The Players Championship was conceived by the PGA Tour commissioner Deane Beman; the inaugural event in 1974 was played at Atlanta Country Club in Marietta, Georgia, concluding on Labor Day weekend in early September. It moved to Texas for 1975, at the Colonial Country Club in Fort Worth in August, and then to south Florida for 1976 at Inverrary Country Club in Lauderhill, at its East Course in late February. In these  first three years the event replaced existing events, the Atlanta Classic in 1974, the Colonial National Invitational in 1975 and the Jackie Gleason-Inverrary Classic in 1976, which each returned to the schedule the following year. In 1976 the PGA Tour agreed a multi-year deal to play the event up the coast at Sawgrass Country Club in Ponte Vedra Beach in mid-March, beginning in 1977. Since 1982, it has been played across the road to the west, at the Stadium Course at TPC at Sawgrass. The word "Tournament" was dropped from the title following the 1987 event. Following  the 2006 event, the course underwent a major renovation, which received very positive reviews from the players in 2007. Included in the renovation was a new Mediterranean Revival-style clubhouse. The 2020 Players Championship was cancelled due to the COVID-19 pandemic. Move to May. For the first thirty years at Ponte Vedra Beach, the championship was played in mid- to late March, several weeks before The Masters. (Three weeks prior for the first six seasons then two weeks prior in 1983.) It was moved to May in 2007, to the weekend including the second Saturday, as part of a restructuring  of the PGA Tour. This restructuring involved the introduction of the lucrative FedEx Cup, which concludes with The Tour Championship. The change gave the PGA Tour a marquee event in six consecutive months (The Masters in April, The Players in May, the U.S. Open in June, The Open Championship in July, the PGA Championship in August, and the Tour Championship in September). With the rearrangement of 2007, the final round of The Players Championship was usually on the second Sunday of May, Mother's Day in the United States. To mark this, most players wore pink shirts or accessories on  Sunday, and many in the galleries also joined them in donning pink garb. (The two exceptions were in 2011 and 2016, when the final round was on Sunday, May 15.) In August 2017, it was announced that The Players would return to March beginning in 2019, due to a realignment of the golf season that moves the PGA Championship from August to May. Playoffs. The playoff format was sudden-death through 2013, lately starting at the par-3 17th hole. The format was changed to a three-hole aggregate in 2014, similar to the PGA Championship, played over the final three  holes, in order. If still tied, the playoff goes to sudden-death on the same three holes, but starts at the 17th. Since moving to the Stadium Course in 1982, only four playoffs have been necessary (1987, 2008, 2011, 2015). The 1987 playoff started at the par-5 16th and went to a third extra hole at the par-4 18th, with three pars by the winner; the next two ended at the first extra hole (17), also with pars by the victors. (The only playoff prior to the Stadium Course was in 1981; it also ended on the first hole with  a par by the winner.) The 2015 playoff was the first for the three-hole aggregate and included three participants; two birdied 17 and the other player was eliminated after three holes. It went to sudden-death at 17 and became the first playoff at the Players to end with a birdie. Defending champions. The Players has yet to produce a successful title defense; victories in consecutive years. Jack Nicklaus won three of the first five events, but in alternating years on different courses. Since moving to TPC Sawgrass in 1982, five players have won twice, but the shortest span  between victories is six years (Steve Elkington: 1991, 1997). The best finish by a defending champion is a tie for fifth place (1977, 1990, 2001) and the closest margin is four strokes behind (1977, 1981, 1989, 2005). The defending champion has missed the cut ten times, most recently in 2021, and has not participated (for health reasons) on three occasions (1983, 1998, 2014). The most recent top-ten finish was in 2005, a tie for eighth place. Winners. "Note: Green highlight indicates scoring records." Four have won the Players and a major in the same calendar year: Jack Nicklaus (1978 , Open), Hal Sutton (1983, PGA), Tiger Woods (2001, Masters), and Martin Kaymer (2014, U.S. Open). Multiple winners. Six players have won the tournament more than once: Each of Nicklaus' three victories were at different courses but none were at the Stadium Course, where the other multiple winners won both their titles. The shortest span between wins at the Stadium Course is six years (Elkington) and the longest is seventeen years (Sutton).