The Players Championship is the only event, apart from the majors and the World Golf Championships, which attracts entries from almost all of the world's elite golfers. It is the designated OWGR flagship event for the PGA Tour and awards 80 OWGR points to its winner. Only major championships can be awarded more OWGR points. For purposes of the FedEx Cup standings, The Players has had an identical point allocation to that of the majors since the Cup was instituted in 2007.
In 2008, the PGA Tour Policy Board approved a change in the number of players that will make the cut. The cut will continue to be low 70 professionals and ties, unless that results in a post-cut field of more than 78 players. Under that circumstance, the cut score will be selected to make a field as close to 70 players as possible without exceeding 78. Players who are cut in such circumstances but who have placed 70th or worse will get credit for making the cut and will earn official money and FedEx Cup points. This policy affected two of the first three events with cuts, the Sony Open in Hawaii and the Buick Invitational. In late February, the Policy Board announced a revised cut policy, effective beginning with the Honda Classic. The new policy calls for 36-hole cut to the low 70 professionals and ties and, if that cut results in more than 78 players, a second 54-hole cut to the low 70 professionals and ties. Those who do not survive the 54-hole cut are designated as MDF (made the cut, did not finish). For the 2020 season, the cut line was reduced to 65 plus ties and eliminated the 54-hole cut.
Non-members can play their way into the PGA Tour by finishing the equivalent or better of 125th in FedEx Cup points. Those who fail but fall within the top 200 in current season points are eligible for the Korn Ferry Tour Finals. During the season, non-members can earn Special Temporary Member status by exceeding the equivalent of 150th in the previous season's FedEx Cup. Special Temporary Members receive unlimited sponsor exemptions, while non-members are limited to seven per season and twelve total events.
Before the transition, the Tour held a group of events known as the PGA Tour Fall Series, which provided a final opportunity for golfers to make the top 125 in season earnings and thereby retain their Tour cards. With the change to an October-to-September season, several of the former Fall Series events will now open the season. The Tour also sanctions two events in Asia during that part of the year:
The Rookie of the Year award was also introduced in 1990. Players are eligible in their first season of PGA Tour membership if they competed in less than seven events from any prior season. Several of the winners had a good deal of international success before their PGA Tour rookie season, and some have been in their thirties when they won the award. In March 2012, a new award, the PGA Tour Courage Award, was introduced in replacement of the defunct Comeback Player of the Year award.
The tour began 91 years ago in 1929 and at various times the tournament players had attempted to operate independently from the club professionals. With an increase of revenue in the late 1960s due to expanded television coverage, a dispute arose between the touring professionals and the PGA of America on how to distribute the windfall. The tour players wanted larger purses, where the PGA desired the money to go to the general fund to help grow the game at the local level. Following the final major in July 1968 at the PGA Championship, several leading tour pros voiced their dissatisfaction with the venue and the abundance of club pros in the field. The increased friction resulted in a new entity in August, what would eventually become the PGA Tour. Tournament players formed their own organization, American Professional Golfers, Inc. (APG), independent of the PGA of America. Its headquarters were in New York City.
Date changes: The Houston Open was moved back six months, from April to October. The Greenbrier Classic was moved back two months, from July to September. Due to the scheduling changes, neither tournament had been on the 2018–19 schedule. The 3M Open moved back three weeks, from early July to late July. The Sanderson Farms Championship moved up five weeks, from late October to mid September. The Shriners Hospitals for Children Open moved up four weeks, from early November to early October. The Rocket Mortgage Classic moved up four weeks, from late June to late May. And the tandem of the WGC-FedEx St. Jude Invitational and Barracuda Championship moved up three weeks, from late July to early July to accommodate the 2020 Summer Olympics.
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 number of Race to Dubai points available in the last three events of the season was increased, and the field size reduced. The aim was to make more players still have a chance of winning the Race to Dubai entering the final events. In addition, although the prize money was not increased, the bonus pool of US$5m would now be split among the top five players rather than the top ten. The money saved from restricting field sizes was used solely to increase the first prizes, which means that the tournaments would not have the standard prize fund distribution, and the DP World Tour Championship, Dubai would have the largest tournament first prize in golf of US$3m.