The tournament at Hardscrabble Country Club in Fort Smith will be held April 19-25. Molder received a sponsor's exemption, as did University of Arkansas golfer Andrew Dahl.
Shula will play in a pro-am on April 21 in the Nationwide Tour event, which is stopping in Fort Smith for the seventh time.
'We couldn't be any luckier,' said Lisa Baker, the tournament director. 'Mr. Shula, coach Shula, loves Fort Smith. His wife's family is from here. He's a big believer in this community.'
Arkansas Athletic Director Frank Broyles will be the tournament's honorary chairman, Baker said.
Molder, who played at Georgia Tech from 1998 through 2001 before turning professional, has played on the PGA Tour and the Nationwide Tour and competed in the US Open in 2003. He'll be making his second consecutive appearance at the Rheem Classic.
Dahl is a senior on the Razorback golf team. He was named an All-Southeastern Conference Selection in 2003 after finishing fifth in the SEC Tournament.
Last year, Zach Johnson won the tournament in a two-hole shootout. Johnson became the 2003 Nationwide Tour Player of the Year and went on to set a single season money record with nearly $495,000 in winnings.
Shula led the Miami Dolphins to the NFL's only perfect season, recording a 17-0 record including a Super Bowl championship in 1972. He has been a Rheem spokesman since 2001.
The tournament, originally called the Fort Smith Classic, changed names last year, when it also moved from the summer to April. This year's tournament will be televised live on the Golf Channel.
Copyright 2003 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.