'For 10 years, the Senior Tour and Ford have enjoyed a strong partnership and together have significantly enhanced the Ford Senior Players Championship,' said PGA Tour commissioner Tim Finchem. 'We look forward to entering the next decade with them as the Senior Tour continues to evolve in many new and exciting ways and welcomes more and more PGA Tour stars.'
'We are pleased to sponsor this Senior PGA Tour major championship,' said Steve Lyons, president of Ford Division. 'We are excited about some of the changes under way. The tour has a new energy and we look forward to seeing some of the greatest names in golf participating in the Championship during the coming years.'
One of the elder circuit's four major championships, the Senior Players Championship is scheduled for July 7-13, 2003, at the TPC of Michigan, which will play host for the 12th time. Stewart Ginn captured this year's title with a one-shot victory over Hubert Green, Mike McCullough and Jim Thorpe.