The Chevron World Challenge
is an offseason golf tournament hosted by Tiger Woods, which takes place each December at Sherwood Country Club, a course designed by Jack Nicklaus, in Thousand Oaks, California. In its first year, 1999, it was played at Grayhawk Golf Club in Scottsdale, Arizona.
The sixteen man field is comprised of the defending champion, the top eleven available players from the Official World Golf Rankings, and four sponsors exemptions chosen by the Tiger Woods Foundation. It is not an official money tournament on any of the professional golf tours, but is recognised as an unofficial money event by the PGA Tour. Beginning in 2009, the event will offer Official World Golf Ranking points. [1] Because of this, the sponsors exemptions are limited to players in the top 50 of the rankings. [2]
The tournament was established as a charity fundraiser by Woods, and all the charitable funds raised go to charities with which he is associated. It is nonetheless an extremely lucrative event for the professionals who take part. In 2007 the prize fund was $5.75 million. This is similar to many official PGA Tour events, but they usually have fields of around one hundred fifty, as opposed to only sixteen. The first prize is $1.35 million, and last place is $170,000. Woods usually donates his prize money to his Tiger Woods Foundation. However in 2008, he will not compete due to knee surgery following his 2008 U.S. Open victory, even though he is a two-time defending champion.
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