The announcement was made Tuesday afternoon. The matches will take place Sept. 28-Oct. 1 at Liberty National in Jersey City, N.J.
Stricker, an assistant captain last year, will be taking over for Jay Haas, who led the U.S. to a 15 1/2 - 14 1/2 victory in South Korea. Price was on the losing end as captain in both 2013 and '15.
Stricker will be the third U.S. captain in as many events, following Fred Couples' three-event stint. He competed on five U.S. Presidents Cup teams, compiling a 14-10 record.
“I’m incredibly honored to have been selected as a U.S. team captain for the Presidents Cup, and am looking forward to it coming to Liberty National, one of my favorite venues," Stricker said in a news release. "This event has meant a lot to me, and I’m looking forward to leading what will be a very promising U.S. team in 2017.”
“It’s an honor for me to continue to serve as International team captain once again in 2017,” said Price. “The Presidents Cup has meant so much to me and to my career, both as a player and a captain, and I’m excited to have another chance to be a part of this great event. I am so looking forward to leading what I'm sure will be another very strong International Team and having another opportunity to win the Cup, after such a close finish last year."
The U.S. leads the overall competition, 9-1-1.