The Charles Schwab Cup is a season-long points program designed to recognize the Tour’s leading player. The program rewards both top finishes and week-in/week-out consistency at all 29 official Charles Schwab Cup events. Points are awarded to the top-10 finishers and ties and are based on the money distribution for each tournament, with every $1,000 earned being the equivalent of one Charles Schwab Cup point. Points are doubled at the Champions Tour’s five major championships and the season-ending Charles Schwab Cup Championship.
The winner of the 2007 Charles Schwab Cup will earn a $1 million annuity.
The second through fifth-place finishers earn annuities of $500,000, $300,000, $200,000 and $100,000.
The previous winners in the competition are Allen Doyle (2001), Hale Irwin (2002 and 2004), Tom Watson (2003 and 2005) and Jay Haas (2006).
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