The Players Championship is an annual golf tournament on the PGA Tour.

The inaugural event in 1974 was played at Atlanta Country Club in Marietta, Georgia before moving to Colonial Country Club in Fort Worth, Texas in 1975 and Inverrary Country Club in Ft. Lauderdale, Florida in 1976. Beginning in 1977, the event relocated to Ponte Vedra Beach, Florida, first being played at Sawgrass Country Club's Oceanside Course . Since 1982 it has been played across the road from Sawgrass Country Club, on the Stadium Course at the "Tournament Players Club at Sawgrass" (usually referred to as the TPC at Sawgrass; it is not uncommon for "TPC" in this context to be conflated with "The Players Championship" because they happen to have the same initials).

The Players Championship offers the highest prize fund of any tournament in golf, and is sometimes referred to by certain sections of the North American media as the "Fifth Major", but it does not have official major status. The field usually includes the top fifty golfers in the world rankings, but unlike the three majors which are staged in the U.S., it does not count as an official event on the European Tour, which has the Deutsche Bank Players Championship of Europe, although it is an imperfect parallel. The winner receives a fixed allocation of 80 points towards his Official World Golf Ranking, which is the most allocated to any event apart from the majors, in which winners earn 100 points. For comparison, the winners of the three individual World Golf Championships generally receive between 70 and 78 points. The winner of The Players Championship also receives a 5 year exemption on the PGA Tour, a 3 year invitation to The Masters, a 3 year exemption for the British Open, and an exemption to the U.S. Open and the PGA Championship for that year.