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|Current season, competition or edition:|
2018 PGA Tour Champions season
|Inaugural season||1980 (as Senior PGA Tour)|
|Most titles||Hale Irwin (45 wins) |
|TV partner(s)||Golf Channel|
The Senior PGA Championship, founded in 1937, was for many years the only high-profile tournament for golfers over 50. The idea for a senior tour grew out of a highly successful event in 1978, the Legends of Golf, which featured competition between two-member teams of some of the greatest older golfers of that day. The tour was formally established in 1980 and was originally known as the Senior PGA Tour until October 2002. The tour was then renamed the Champions Tour through the 2015 season, after which the current name of "PGA Tour Champions" was adopted.
Of the 26 tournaments on the 2010 schedule, all were in the United States except for the Senior Open Championship, a tournament in the Dominican Republic that started in 2008, and tournaments in Canada and South Korea starting in 2010. The guaranteed minimum official prize money is $51.5 million over 26 tournaments, with a record average purse of $1.98 million per event;  slightly higher than the 2008 prize money of $51.4 million over the same number of events.  The total prize money and number of events, however, are down from previous years—for example, the 2007 tour offered a total of $55.2 million over 29 events. 
Most of the tournaments are played over three rounds (54 holes), which is one round fewer than regular professional stroke play tournaments on the PGA Tour. Because of this and having smaller fields (81 golfers), there are generally no "cuts" between any of the rounds. However, the five senior majors have a full 72 holes (four rounds) with a 36-hole cut. Until 2015, the season-ending Charles Schwab Cup Championship, with a limited field of 36, was played over 72 holes with no cut. Since 2016, it has been played over 54 holes with no cut. A golfer's performances can be quite variable from one round to the next, and playing an extra round increases the likelihood that the senior majors will be won by leading players.
Through the 2015 season, the Charles Schwab Cup was a season-long points race. Points were given to players who finished in the top 10. One point was earned for each $1,000 won (i.e. $500,000 = 500 points) with majors counting double. From the Cup's inception in 1990 through 2015, the top 30 players competed in the Charles Schwab Cup Championship, which was contested over four rounds and where all contestants earned points. The top five finishers in the points race earned annuities.
In 2016, the format of the Charles Schwab Cup was radically changed to a playoff-style format similar to that used for the FedEx Cup on the main PGA Tour. Qualification for the playoffs is now based on money earned during the PGA Tour Champions season. The top 72 players on the money list automatically qualify for the first playoff event, the PowerShares QQQ Championship. Additionally, if one or more golfers finish in the top 10 in the final non-playoff event, the SAS Championship, and are not in the top 72 on the money list entering the playoffs, the highest such finisher in the SAS Championship will also receive a playoff place. The playoffs operate on a points system, with each qualifying player receiving a points total equal to the money earned on the season. Points during the first two playoff events, the QQQ Championship and Dominion Charity Classic, are also based on money earned, except that the winner of each of those events receives double points. The playoff field is cut to 54 for the Dominion Charity Classic, and finally to 36 for the Charles Schwab Cup Championship. After the Dominion Charity Classic, the field's points are reset so that each of the remaining 36 players can theoretically win the Charles Schwab Cup, and that each of the top five players can clinch the Charles Schwab Cup by winning the final event. 
In 2006, the Champions Tour Division Board of the PGA Tour organization voted to allow players the option to use golf carts during most events on the tour. The five major championships and certain other events, including pro-ams, are excluded.
Current PGA Tour Champions competitor and TV golf analyst Bobby Clampett has called the process for determining the field in tour events "the most complicated system known to man," and added that "[n]ot a single player even understands it fully." 
Clampett attempted to explain the process in a 2011 post on his blog. Standard tour events—apart from invitationals and majors, which have their own entry criteria—have a field of 78 (currently 81). The first 60 places in the field are filled as follows: 
- The top 30 players, not otherwise exempt, who finished in the top 50 of the previous year's PGA Tour Champions money list.
- Up to 30 players who are in the top 70 of the all-time combined PGA Tour and PGA Tour Champions money list.
This leaves 18 places: 
- Members of the World Golf Hall of Fame eligible by age.
- Winners of PGA Tour Champions events in the previous 12 months.
- At the start of the season, 5 players from the previous year's PGA Tour Champions Qualifying Tournament, in order of finish. During July, this category changes to include all non-exempt players based on the season's money list.
- Previously exempt players coming off medical exemptions.
- Top four players in their first two years of age eligibility with multiple PGA Tour wins.
- One spot for the highest finisher, not already exempt, within the top 10 of the previous week's tournament. Note, however, that a top-10 finish in a regular tournament does not qualify a player for a major.  In another quirk, a top-10 finish in a major does not qualify a player for the next tournament on the schedule, even if it is a regular tournament. 
- Up to 5 spots for sponsor's exemptions, but subject to reduction or elimination if the previous categories fill out the field.
- Up to 4 spots for Monday qualifiers, also subject to reduction or elimination
Players who lead the money list on PGA Tour Champions win the Arnold Palmer Award.
The following players have won more than one money list title through 2017:
- 9: Bernhard Langer
- 3: Hale Irwin, Don January
- 2: Miller Barber, Bob Charles, Jim Colbert, Jay Haas, Dave Stockton, Lee Trevino
The table shows the top ten career money leaders on PGA Tour Champions through the 2017 season.
|Rank||Player||Country||Earnings ( $)|
|1||Hale Irwin||United States||27,076,479|
|3||Gil Morgan||United States||20,617,668|
|4||Jay Haas||United States||17,859,483|
|5||Tom Kite||United States||16,213,400|
|6||Dana Quigley||United States||14,882,398|
|7||Bruce Fleisher||United States||14,864,406|
|8||Tom Watson||United States||14,854,913|
|9||Larry Nelson||United States||14,603,232|
|10||Jim Thorpe||United States||13,926,774|
There is a full list on the PGA Tour's website here. The PGA Tour also publishes a list of PGA Tour Champions players' total career earnings on its three main tours here. The top two players on that list are Vijay Singh and Davis Love III, who respectively became eligible for the circuit then known as the Champions Tour in February 2013 and April 2014. Singh has won a total of $72.7 million, but only played in six Champions Tour events in his first three years of eligibility, earning just over $400,000 on that tour.  Love has won $44.8 million in all, but only played in five Champions Tour events in his first two years of eligibility, earning slightly under $110,000; he won an event on the regular PGA Tour in 2015.  Among those who have played at least one full season on PGA Tour Champions, David Toms is the all-time leader, with a total of $42.7 million.
- Golf in the United States
- Champions Tour awards
- Champions Tour records
- List of golfers with most Champions Tour major championship wins
- List of golfers with most Champions Tour wins
- "Career wins". PGA Tour Champions. Retrieved January 15, 2014.
- "Champions Tour announces schedule for 2010". PGA Tour. November 24, 2009. Retrieved January 15, 2014.
- "Champions Tour releases schedule for 2009". PGA Tour. November 12, 2008. Retrieved January 15, 2014.
- "Champions Tour unveils schedule of 29 official events for 2008". PGA Tour. June 28, 2007. Archived from the original on December 2, 2008.
- "Champions Tour announces 2016 schedule and format for inaugural Charles Schwab Cup Playoffs" (Press release). PGA Tour. November 11, 2015. Retrieved April 23, 2016.
- Clampett, Bobby. "Insight Into the Champion's (sic) Tour Exemption Process". BobbyClampett.com. Retrieved September 9, 2012.
- Rubenstein, Lorne (September 12, 2011). "Rutledge Embraces Vagabond Life of Champions Tour". GlobalGolfPost.com. Retrieved September 9, 2012.
- "Vijay Singh Career Summary". PGA Tour. Retrieved November 29, 2015.
- "Davis Love III Career Summary". PGA Tour. Retrieved November 29, 2015.