Charles Schwab Cup Championship

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The Charles Schwab Cup Championship is the final event of the season on the U.S. based Champions Tour, the world's leading golf tour for male professionals aged fifty and above. Played in late October each year, it is the Champions Tour's equivalent of the PGA Tour's Tour Championship, and was formerly known as the Senior Tour Championship. Like the Tour Championship it has a small field of thirty and no half-way cut. However the qualifying system is different. Qualification for the Tour Championship is based directly on the money list, but in the "Charles Schwab Cup Points Race" players earn points by finishing in the top ten (and ties) of each tournament with points equating to 1/1000th of the official money earned for that event, 1/500th for majors.