“We continue to focus on a multi-year commitment to assure the tournament’s future success in Memphis,” PGA Tour Commissioner Tim Finchem said in a statement.
Memphis-based FedEx served as the title sponsor for the tournament for 21 years, until 2006.
Smith & Nephew, a global medical technology company, stepped in this year as a presenting sponsor for the PGA Tour’s third-longest running event, dating back to 1958.
The event benefits St. Jude’s Children’s Research Hospital, also based in Memphis.
AP Golf Writer Doug Ferguson in Thousand Oaks, Calif., contributed to this report
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