The event has been sponsored by DaimlerChrysler for the past 11 years. This year's event, which begins Thursday, is still called the Chrysler Classic of Greensboro.
The 2007 Wyndham Championship will held in August, the week after the PGA Championship, as the final qualifying event for the tour's new FedEx Cup playoffs. The event will feature a $5 million purse, and the winner will receive $900,000.
Stephen P. Holmes, Wyndham Worldwide chairman, president and chief executive officer, said the company looks forward to extending the event's 65-year history.
'We are honored to sponsor one of the longest-standing events on the PGA Tour,' he said.
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