Perks chipped in for eagle at the 16th in the final round and then holed a long birdie putt at the famous par-three 17th at the TPC at Sawgrass. He saved par at No. 18 after holing another chip from off the green.
Perks was not the only contender to make a serious rise in the World Rankings. Stephen Ames, who completed his round two hours before Perks finally won, took second and vaulted 79 notches to finish one spot behind Perks at 65.
Rocco Mediate came in third and cracked the top 20. Mediate came in 18th this week.
Tiger Woods never mounted a serious threat to successfully defend his Players Championship title but he still is comfortably ahead of the field in the rankings.
Phil Mickelson came in second, followed by Ernie Els, David Duval and Sergio Garcia, who tied for fourth at Sawgrass.
PGA Champion David Toms took sixth place, while fellow major champion Retief Goosen was one spot lower at No. 7.
Vijay Singh held on to eighth as Davis Love III and Chris DiMarco rounded out the top 10.
Canadian Mike Weir remained in 11th, followed by Irishman Padraig Harrington and Jim Furyk.
Kenny Perry moved up one to 14 and two-time Masters champion Bernhard Langer also climbed one to 15th. Darren Clarke dipped two to 16th to make room for the moves up the rankings by Perry and Langer.
Bob Estes came in 17th again this week, followed by Mediate.
Michael Campbell jumped one spot to take 19th, while Scott Verplank fell two places to complete the top 20.
Diego Borrego's second win on the European Tour at the Madeira Island Open over the weekend bumped him to No. 162 in this week's rankings.
More Golf Headlines