Format
Initially the tournament had a the 16-man field, composed of the defending champion, the top eleven available players from the Official World Golf Ranking, and four sponsors exemptions chosen by the Tiger Woods Foundation. In 2008, the field was increased to 18 players, consisting of the most recent winners of the four major PGA tournaments, the top eleven available players from the Official World Golf Ranking, the defending champion, and two special exemption players selected by the Foundation.
Prize money won by the players is not included in money rankings on any of the world's professional golf tours, but the tournament is recognized as an unofficial money event by the PGA Tour. Since 2010, the event offers Official World Golf Ranking points.
In 2007 the total prize fund was $5.75 million, similar to many official PGA Tour events, which usually have fields of about 150 players. The first prize in 2012 is $1 million. Woods usually donates his prize money to his foundation.
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