Originally established by the Professional Golfers' Association of America, it was spun off in December 1968 into a separate organization for tour players, as opposed to club professionals, the focal members of today's PGA of America. Originally the "Tournament Players Division", it adopted the name "PGA Tour" in 1975 and runs most of the week-to-week professional golf events on the tournament known as the PGA Tour, including The Players Championship, hosted at TPC Sawgrass; the FedEx Cup, with its finale at The Tour Championship at East Lake Golf Club; and the biennial Presidents Cup. The remaining events on the PGA Tour are run by different organizations, as are the U.S.-based LPGA Tour for women and other men's and women's professional tours around the world.
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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.
The 2013 season, which was the last before the tour transitioned to a schedule spanning two calendar years, had 40 official-money events in 38 weeks, including three alternate events played the same week as a higher-status tournament. The other event that is considered part of the 2013 season is the biennial Presidents Cup, matching a team of golfers representing the US with an "International" team consisting of non-European players (Europeans instead play in the Ryder Cup, held in even-numbered years).
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.
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.
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 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.
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.
As announced in 2017, the US PGA Championship was moved from August to May, starting in 2019. The PGA of America cited the addition of golf to the Summer Olympics, as well as cooler weather enabling a wider array of options for host courses, as reasoning for the change. It was also believed that the PGA Tour wished to re-align its season so that its FedEx Cup Playoffs would not have to compete with the start of the NFL season in early September, since both United States broadcast partners (CBS and NBC) are NFL broadcast partners.
There are also a number of events which are recognized by the PGA Tour, but which do not count towards the official money list. Most of these take place in the off season (November and December). This slate of unofficial, often made-for-TV events (which have included the PGA Grand Slam of Golf, the Wendy's 3-Tour Challenge, the Franklin Templeton Shootout, the Skins Game, etc.) is referred to as the "Challenge Season" or more commonly as the "Silly Season."
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.