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2 - PGA TOUR Media

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Name<br />

<strong>PGA</strong> <strong>TOUR</strong>’s Champions Tour (first reference)<br />

Headquarters<br />

112 <strong>PGA</strong> <strong>TOUR</strong> Boulevard, Ponte Vedra Beach, FL 32082, Phone: 904-285-3700<br />

Commissioner<br />

Timothy W. Finchem (since June 1, 1994)<br />

President<br />

Rick George (since January 24, 2003)<br />

Web Site<br />

<strong>PGA</strong><strong>TOUR</strong>.com<br />

Overview<br />

Formerly the Senior <strong>PGA</strong> Tour, the Champions Tour is a tax-exempt membership<br />

organization of professional golfers age 50 and older. Since its inception in 1980<br />

with just four sanctioned events and purses totaling $475,000, the Champions<br />

Tour now has 29 official Charles Schwab Cup events, offering a minimum of<br />

$52.7 million in official prize money in 2006 and its highest average pertournament<br />

purse of $1.82 million. The Tour has an additional lineup of three<br />

Challenge / unofficial-money events that are played in February, November and<br />

December. The Champions Tour operates under the umbrella of the <strong>PGA</strong> <strong>TOUR</strong>,<br />

which includes the <strong>PGA</strong> <strong>TOUR</strong>, Champions Tour and Nationwide Tour. The<br />

Champions Tour’s primary purpose as a component of the <strong>PGA</strong> <strong>TOUR</strong> is to provide<br />

significant competitive and earnings opportunities for players age 50 and older,<br />

to protect the integrity of the game and to help grow the reach of the game in<br />

the U.S. and around the world. In addition to providing competitive opportunities<br />

for its membership, Champions Tour events also generate significant sums of<br />

money for charity.<br />

History<br />

1980 – 2006. The Tour enters its 27th season in 2006.<br />

Charity<br />

Champions Tour events generate significant sums of money for charity. On Oct.<br />

30, 2005, the three Tours of the <strong>PGA</strong> <strong>TOUR</strong> and their tournaments announced<br />

they had reached the $1-billion milestone in charitable giving, dating back to the<br />

first record donation in 1938.<br />

2006 Schedule<br />

There are 29 official Charles Schwab Cup events, plus a lineup of three<br />

Challenge/unofficial events that are played in February, November and<br />

December. The 2006 Champions Tour plays in 17 states in the U.S., plus Mexico<br />

and Scotland.<br />

Major Championships (5)<br />

Ford Senior Players Championship, JELD-WEN Tradition, Senior British Open,<br />

Senior <strong>PGA</strong> Championship and U.S. Senior Open.<br />

Prize Money<br />

$52.7 million (minimum) – Official Charles Schwab Cup (29 events)<br />

$2.67 million (minimum) – Challenge / Unofficial (3 events)<br />

Charles Schwab Cup<br />

The Charles Schwab Cup, designed to recognize the Champions Tour’s leading<br />

player, rewards both top finishes and week-in/week-out consistency in all<br />

official events. Players receive points for top-10 finishes and ties based on each<br />

week's money distribution, with $1,000 earned being the equivalent of one<br />

Charles Schwab Cup point, with double points awarded at the five major<br />

championships and triple points at the season-ending Charles Schwab Cup<br />

Championship. The program offers $2.1 million in annuity payouts to its five<br />

leading performers. Tom Watson won the Cup in 2005 for the second time in<br />

three years.<br />

Fact Sheet<br />

<strong>PGA</strong><strong>TOUR</strong>.com Champions Tour 2006 Guide<br />

Size of Field<br />

In 2006, the field size for Champions Tour events will be 78 players, except at<br />

those tournaments that have specific eligibility criteria. See “Eligibility” below<br />

for details of a 78-player field.<br />

Eligibility<br />

In order to be eligible for an official Champions Tour event, a player must be at least<br />

50 years of age prior to his first tournament obligation. The field size at the majority<br />

of Champions Tour events in 2006 will be 78 players based on the following<br />

eligibility requirements:<br />

1) 30 players — Available from Prior-Year Money List, floor of 50<br />

2) 30 players — Available from All-Time Money List (not exempt in No. 1),<br />

floor of net 70<br />

3) 4 players — <strong>PGA</strong> <strong>TOUR</strong> Career Victory Category, ages 50 and 51 (not<br />

exempt in No. 1 or No. 2)<br />

4) 7 players — Available from National Qualifying Tournament (replaced by<br />

Reorder Category on August 8)<br />

5) 5 players — Invited by the Tournament<br />

Two spots restricted: players with one <strong>PGA</strong> <strong>TOUR</strong> or Champions Tour win<br />

and Veteran Member status<br />

Three spots unrestricted<br />

2 players — Open Qualifying<br />

Up to three players (to a field maximum of 81 players) may be added to the field<br />

based on:<br />

• Tournament winners not already exempt<br />

• Committed and eligible players from the All-Time Victory category<br />

• Major medical extensions<br />

The 2006 National Qualifying Tournament National Finals (six rounds / 108 holes),<br />

held annually in November, will be played at the Tournament Players Club at Eagle<br />

Trace in Coral Springs, FL. The top seven players will earn fully-exempt status and<br />

the next eight conditionally-exempt status. The Finals are preceded by one set of<br />

regional qualifiers.<br />

Membership<br />

Champions Tour members hail from around the globe. In 2006, 24 international<br />

players have full or partial Tour exemptions. Thirteen countries are represented,<br />

including Argentina, Australia, Canada, England, Ireland, Japan, New Zealand,<br />

Puerto Rico, Scotland, South Africa, Spain, the United States and Zimbabwe.<br />

Hall of Fame Members<br />

The following 20 members of the World Golf Hall of Fame are members of the<br />

Champions Tour: Isao Aoki, Deane Beman, Tommy Bolt, Billy Casper, Ben Crenshaw,<br />

Roberto De Vicenzo, Raymond Floyd, Hale Irwin, Tony Jacklin, Tom Kite, Gene Littler,<br />

Johnny Miller, Jack Nicklaus, Arnold Palmer, Gary Player, Chi Chi Rodriguez, Charlie<br />

Sifford, Peter Thomson, Lee Trevino and Tom Watson. Deceased members who<br />

were active on the Champions Tour include Julius Boros, Paul Runyan and Sam<br />

Snead.<br />

Fan Features<br />

Initiated in 2003, the Champions Tour's Fan Features are designed to give the Tour<br />

a distinct identity and complement the high level of skill displayed by its members<br />

in tournament play. The Champions Tour seeks to be the most approachable,<br />

accessible and fan-friendly arena, not only in golf, but in all of sports. In three years,<br />

the program has had significant impact as evidenced by the positive feedback<br />

received weekly from tournament promoters, sponsors and fans, with players going<br />

out of their way to support the program. Fan Features include live television<br />

interviews during play, gallery in the fairway, honorary observers, caddie for a day,<br />

player Q&A sessions, behind-the-scenes tours, a game-improvement platform and<br />

more.<br />

SECTION 1 INTRODUCTION<br />

1-5

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