Wachovia Championship

December 14, 2004

Champion to Receive $1,080,000

Charlotte, NC  - The purse for the Wachovia Championship has been increased from $5.6 million to $6 million for the May 2-8 PGA TOUR event at Quail Hollow Club.

This marks the first increase in prize money since the inaugural Wachovia Championship was played in 2003 and lifts the champion's share from $1,008,000 to $1,080,000.

"The growth in stature of this championship in a short period of time is remarkable, said Tournament Director Kym Hougham. "Our ability to offer more prize money to the players is a reflection of how much this community has supported the event the past two years. Certainly, we are working hard to improve the championship each year for the patrons and the players and this is one of those improvements."

Since its inception, the Wachovia Championship has maintained one of the largest purses on the PGA TOUR schedule.

"From the beginning, it has been our goal to make the Wachovia Championship one of the best events on the PGA TOUR," said General Chairman Mac Everett. "Our ability to increase the purse to $6 million heading into our third year reflects the strong support we have received from our title sponsor, the community, Quail Hollow Club and the TOUR players."

In two years, the Wachovia Championship has generated over $2 million in charitable funds. Teach For America is the primary beneficiary.