Parry found the fairway off the tee at the 18th, the first hole of the playoff. In regulation, Parry hammered a drive over 300 yards at the lengthened 'Blue Monster' but in the playoff he did not go as far off the tee.
Verplank was in trouble at 18 as his drive landed in the right rough. He had a shot at the green and aimed right, getting a good bounce that ran his ball 30 feet from the hole.
Parry had 176 yards to the flag and with a 6-iron, landed the ball 15 feet short and right of the hole. Then the Australian watched as the ball rolled in for an eagle, giving him his second win on the PGA Tour.
'It was amazing,' said Parry, whose other victory came at the 2002 WGC-NEC Invitational. 'I wasn't aiming at the flag, I can assure you. I was aiming a couple yards right.'
Parry earned $900,000 for the win in his first start on the PGA Tour in 2004. He almost didn't make it to the tournament as he overslept on Thursday and barely made his 7:54 AM (ET) tee time.
Verplank probably wished Parry would have stayed asleep Thursday morning.
'I guess he was supposed to win,' said Verplank. 'Obviously it was a great shot. To go in the hole, there's always a bit of luck. I was pretty proud of my shot until his ball got up there.'
Parry, the third-round leader, posted a 4-under 68 on Sunday to join Verplank at 17-under-par 271. Verplank fired a 5-under 67 in the final round.
Retief Goosen carded a 6-under 66 and finished alone in third place at 16-under-par 272. Joe Durant, the 2001 winner at Doral, shot a 68 on Sunday and took fourth at minus-15.
Parry and Verplank both did most of their scoring early in their rounds. Parry tallied five birdies through his first 10 holes while Verplank recorded four birdies through 11 holes.
Parry dropped a shot at the 13th and Verplank, playing in the group ahead of Parry, was now only one shot behind. Parry seemed to play tentatively after his margin fell to one, especially on the putting surfaces. He missed birdie tries at 15 and 16 but the swing hole in regulation came at No. 17.
Verplank drove into bunkers on the right side but hit an amazing 9-iron to two feet. He kicked in the birdie try to tie for first place. Parry drove into the thick rough near a tree and played his approach 40 feet right of the hole. He was able to two-putt for the par save but both players had to deal with the 'Blue Monster.'
Verplank found the fairway at 18 and hit his approach to 35 feet. He ran his birdie try six feet past the hole but calmly sank the par putt to remain tied with Parry.
Parry nailed his drive down the fairway and had only 155 yards to the hole. He hit his second to 20 feet but missed the birdie try that would have won in regulation.
For Verplank, the loss ran his playoff record to 2-3. He hasn't visited the winner's circle since the 2001 Canadian Open, a few weeks after being named to his first Ryder Cup team.
'I was a little bit behind all day long,' said Verplank. 'Fortunately I somehow made a birdie on 17. At least I still had a chance. It was an all or nothing deal.'
European Ryder Cup captain Bernhard Langer fired a 7-under 65 and tied for fifth with K.J. Choi (69), David Toms (69) and Gene Sauers (70). That group finished at 14-under-par 274.
Mark Calcavecchia (68) and Danny Ellis (70) tied for ninth place at minus-13.