Woods was a fixture at this event from 1997-2002. He finished runner-up in the four-man event, which is on offer to the seasons major champions, to Ernie Els in his 97 debut. He then went on to win five straight.
Woods took advantage of his opportunity, defeating Vijay Singh, 2 up, in the match-play final. The event was also a match-play format in 99, when Woods topped Davis Love III, 3 and 2, in the finals.
It switched back to a stroke-play format in 2000, and Woods defeated Singh in a playoff. He won in 2001, shooting 67-65 to prevail by three. And then in 2002, he shot 66-61 to win by a full 14 strokes.
The last two years, however, have been Tiger-less, because Woods has been major-less.
He ended a 10-major drought earlier this season, winning the Masters Tournament. He also picked up another Claret jug.
So Tiger is back, and he is joined by U.S. Open champion Michael Campbell, PGA winner Phil Mickelson and Singh. Singh is in since Woods is essentially occupying two spots.
Retief Goosen actually finished highest on the points list, but declined the invitation. Singh was second in line and accepted the chance to win the $400,000 first-place prize.
The total purse is $1 million. The runner-up will get $250,000; third-place $200,000; fourth-place $150,000.
Thanks to his PGA victory, Mickelson has the chance to defend his title.
A year ago, the left-hander was three back of Goosen after the first round. He then made 11 birdies and one eagle in round two for his first competitive 59, and a five-stroke triumph over Singh.
While Mickelson has been spending time with his family over the past month, Woods has been competing around the world. He has competed in Atlanta, China and Japan over the last three weeks. He defended his title last week in the Dunlop Phoenix Open, but also twisted his ankle in the playoff.
This is the 23rd playing of this event and the 12th time it has been contested on the Poipu Bay Golf Course. And it may be the last time.
PGA of America officials are looking to take it on the road. Other locations, like Las Vegas and the Caribbean, have reportedly expressed interest in hosting the event.