For Woods, it marked the fifth time he hoisted the trophy in the last six years.
Woods won five titles in 2002, including his third Masters title and his second U.S. Open Championship. He added his third consecutive Bay Hill Invitational, his first Buick Open and the WGC-American Express Championship the week before the Ryder Cup. The 27-year-old stood atop the tour's money list with $6,912,625 in earnings for his fourth straight Arnold Palmer Award.
'It's always special to have the votes of the other players. I'm especially proud to have won this award four consecutive times,' said Woods, who added his fourth straight Byron Nelson Trophy with a scoring average of 68.56. 'It's a great year when you win one major championship, so I was really pleased to win two in 2002 plus three other PGA Tour events.'
Woods had successful knee surgery this offseason to clean up some problems he experienced throughout the 2002 campaign. He will miss this week's season opener, the Mercedes Championships at Kapalua Resort.
In other PGA Tour awards, Jonathan Byrd won his first title at the Buick Challenge in late October and on Monday was named the tour's Rookie of the Year.
Byrd collected $1,462,713 in 2002 and finished 39th on the final money list.
Gene Sauers was named PGA Tour Comeback Player of the Year Monday after a victory at the Air Canada Championship, 13 years after his last win on the PGA Tour. Sauers, whose last win before the title in Canada was at the 1989 Hawaiian Open, took 99th on the final money list, the first time he cracked the top-100 since he came in 60th in 1995.