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The PGA Championship is an annual tournament conducted by the PGA of America as part of the PGA Tour. It is one of the four major championships in professional golf, and it is the golf season's final major, usually played in mid-August. It is an official money event on the PGA Tour, the European Tour, and the Japan Golf Tour, with a purse of $7.5 million in 2008. PGA champions are automatically invited to play in the other three majors (Masters, US. Open, and British Open) for the next five years, and are exempt from qualifying for the PGA Championship for life. They also receive membership on the PGA Tour for the following five seasons and invitations to The Players Championship for five years.
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