Team Nicklaus-Watson finished with nine skins worth $320,000, boosting the Golden Bear to a career record 96 skins. Last year's runners-up sealed the win when Player-Haas bogeyed the first playoff hole and were eliminated.
Player and Haas, the Champions Tour player of the year, finished with six skins worth $290,000 in the four-team, alternate-shot event.
Arnold Palmer drained a 10-foot birdie on the second playoff hole on No. 16 to earn a skin worth $100,000 to avoid being shutout for the third straight year.
Defending champions Raymond Floyd and Dana Quigley began the day tied for the lead with Nicklaus-Watson at two skins and $60,000, but were blanked on the back nine.