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PODS to sponsor PGA Tour's Tampa-based event

CLEARWATER, Fla. -- The PGA Tour's Tampa-area stop finally has a title sponsor.

Known as the Chrysler Championship in 2006, the erstwhile Tampa Bay Championship will now be called the PODS Championship.

The Florida-based company has reached a multiyear commitment with the tour to sponsor the March tour stop. It ends speculation concerning the tournament future, which was up in the air without a title sponsor.

"We are very pleased to enter into this agreement with PODS, which certainly will strengthen this tournament and enhance its ability to generate significant dollars for local charities," PGA Tour Commissioner Tim Finchem said in a news release. "It is a successful combination when a local company sponsors its hometown event."

This year's event will be held March 5-11 on the Copperhead Course of the Innisbrook Resort and Golf Club in Tampa Bay. With a purse of $5.3 million and a field of 144 golfers, the PODS Championship becomes part of the PGA Tour's FedEx Cup points competition.

"We are very excited not only to have a sponsor, but to have a sponsor from here in the Tampa Bay area," said tournament director Gerald Goodman. "They are golf fans, they are moved by our story of history of giving to charity and they are committed to the Tampa Bay area."