After several months, a compromise was reached in December: the tour players agreed to abolish the APG and form the PGA "Tournament Players Division," a fully autonomous division under the supervision of a new 10-member Tournament Policy Board. The board consisted of four tour players, three PGA of America executives, and three outside members, initially business executives.
Winning a PGA Tour event provides a tour card for a minimum of two years, with an extra year added for each additional win with a maximum of five years. Winning a World Golf Championships event, The Tour Championship, the Arnold Palmer Invitational, or the Memorial Tournament provides a three-year exemption. Winners of the major championships and The Players Championship earn a five-year exemption. Other types of exemptions include lifetime exemptions for players with twenty wins on the tour; one-time, one year exemptions for players in the top fifty on the career money earnings list who are not otherwise exempt; two-time, one year exemptions for players in the top twenty-five on the career money list; and medical exemptions for players who have been injured or are going through a family crisis, which give them an opportunity to regain their tour card after a period out of the tour. In 2015, the PGA Tour added a clause which would freeze an exemption for those required to perform military service in their native countries in response to South Korea's Bae Sang-moon having to leave the Tour for that reason. At the end of the season, the person leading the FedEx Cup earns a five-year exemption.
Some events take place outside the United States: Canada, Mexico, Malaysia, South Korea, Japan, the Dominican Republic, Bermuda and the U.S. possession of Puerto Rico host one sole-sanctioned event each year. The events in Puerto Rico, Bermuda and the Dominican Republic are alternate events held opposite World Golf Championships tournaments and therefore have weaker fields than regular Tour events. In addition, Mexico and China host World Golf Championships and the United Kingdom hosts a major championship.
The PGA Tour (stylized in all capital letters as PGA TOUR by its officials) is the organizer of the main professional golf tours played primarily by men in the United States and North America. It organizes most of the events on the flagship annual series of tournaments also known as the PGA Tour, as well as PGA Tour Champions (for golfers age 50 and older) and the Korn Ferry Tour (for professional players who have not yet qualified to play in the PGA Tour), as well as PGA Tour Canada, PGA Tour Latinoamérica, and PGA Tour China. The PGA Tour is a nonprofit organization headquartered in Ponte Vedra Beach, Florida, a suburb of Jacksonville.
PGA Tour players compete for two player of the year awards. The PGA Player of the Year award dates back to 1948 (originally named the PGA Golfer of the Year) and is awarded by the PGA of America. Since 1982 the winner has been selected using a points system with points awarded for wins, money list position and scoring average. The PGA Tour Player of the Year award, also known as the Jack Nicklaus Trophy, is administered by the PGA Tour and was introduced in 1990; the recipient is selected by the tour players by ballot, although the results are not released other than to say who has won. More often than not the same player wins both awards; in fact, as seen in the table below, the PGA and PGA Tour Players of the Year have been the same every year from 1992 through 2018.
Without the tour players, the PGA of America became primarily an association of club professionals, but retained control of two significant events; the PGA Championship and the Ryder Cup. The former was an established major championship, but the latter was an obscure match play team event which was not particularly popular with golf fans, due to predictable dominance by the United States. With the addition of players from continental Europe in 1979 and expanded television coverage, it became very competitive and evolved into the premier international team event, lately dominated by Europe. Both events are very important revenue streams for the PGA of America.
The PGA Tour is also covered extensively outside the United States. In the United Kingdom, Sky Sports was the main broadcaster of the tour for a number of years up to 2006. Setanta Sports won exclusive UK and Ireland rights for six years from 2007 for a reported cost of £103 million. The deal includes Champions Tour and the Nationwide Tour events, but like the U.S. television deals it does not include the major championships, and unlike the U.S. deal, it does not include the World Golf Championships. Setanta set up the Setanta Golf channel to present its coverage. On June 23, 2009, Setanta's UK arm went into administration and ceased broadcasting. Eurosport picked up the television rights for the remainder of the 2009 season. Sky Sports regained the TV rights with an eight-year deal from 2010 to 2017. In South Korea, SBS, which has been the tour's exclusive TV broadcaster in that country since the mid-1990s, agreed in 2009 to extend its contract with the PGA Tour through 2019. As a part of that deal, it became sponsor of the season's opening tournament, a winners-only event that was renamed the SBS Championship effective in 2010. In 2011 however, Korean automobile manufacturer Hyundai took over the title sponsorship, but SBS still remains a sponsor of the event.
Due to increases in prize funds over the years, this list consists entirely of current players. Two players on the list, Vijay Singh and Davis Love III, are eligible for PGA Tour Champions (having respectively turned 50 in February 2013 and April 2014). Both have lifetime exemptions on the PGA Tour for 20 wins and 15 years on the Tour, and Love has won a tournament on the main PGA Tour since turning 50. The figures are not the players' complete career prize money as they do not include FedEx Cup bonuses, winnings from unofficial money events, or earnings on other tours such as the European Tour. In addition, elite golfers often earn several times as much from endorsements and golf-related business interests as they do from prize money.
The PGA Tour places a strong emphasis on charity fundraising, usually on behalf of local charities in cities where events are staged. With the exception of a few older events, PGA Tour rules require all Tour events to be non-profit; the Tour itself is also a non-profit company. In 2005, it started a campaign to push its all-time fundraising tally past one billion dollars ("Drive to a Billion"), and it reached that mark one week before the end of the season. However, monies raised for charities derive from the tournaments' positive revenues (if any), and not any actual monetary donation from the PGA Tour, whose purse monies and expenses are guaranteed. The number of charities which receive benefits from PGA Tour, PGA Tour Champions and Korn Ferry Tour events is estimated at over 2,000. In 2009, the total raised for charity was some $108 million. The organization announced to have generated $180 million for charities in 2017 through the tournaments of its six tours.
The Tour continues through the fall, with the focus on the scramble of the less successful players to earn enough money to retain their tour cards. A circuit known as the Fall Series, originally with seven tournaments but now with four, was introduced in 2007. In its inaugural year, its events were held in seven consecutive weeks, starting the week after the Tour Championship. As was the case for the FedEx Cup playoff schedule, the Fall Series schedule was also tweaked in 2008 and 2009. The first 2008 Fall Series event was held opposite the Ryder Cup, and the Fall Series took a week off for the Tour Championship before continuing with its remaining six events.