Donald, who won four times around the world and became the first player to win the money title on the PGA Tour and the European Tour in the same season, won 88 percent of the vote to easily beat Keegan Bradley, Webb Simpson and Rory McIlroy.
Yani Tseng received 94 percent of the vote as the female player of the year after winning 12 times worldwide, including two majors. Tom Lehman was voted senior player of the year.
They will be honored at the GWAA annual awards dinner April 4 in Augusta, Ga.
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