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.
The WGC-HSBC Champions, traditionally held the week after the Malaysia tournament. Despite its elevation to World Golf Championships status in 2009, it initially was not an official-money event. Starting in 2010, if the event was won by a PGA Tour member, it counted as an official win and carried the three-year exemption of the other WGCs. Starting in 2013, the HSBC Champions became an official money event, and wins are official for Tour and non-Tour members alike.
On the Korn Ferry Tour, a "reshuffle" refers to a reordering of the tour's eligibility list, which determines the players who can enter tournaments. After four tournaments, and every fourth tournament thereafter until the Korn Ferry Tour Finals, players are re-ranked according to their tour earnings on the season. However, the ranking position of players who are exempt from a "reshuffle" does not change.
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.
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An organization called the PGA European Tour, separate from both the PGA Tour and the PGA of America, runs a tour, mostly in Europe, but with events throughout the world outside of North America, that is second only to the PGA Tour in worldwide prestige. Several other regional tours are around the world. However, the PGA Tour, European Tour, and many of the regional tours co-sponsor the World Golf Championships. These, along with the major championships, usually count toward the official money lists of each tour as well as the Official World Golf Ranking.
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.