Woods will host 17 other high class professional golfers at his event, three of whom played in last week's Australian PGA Championship and eleven of whom participated at the Presidents Cup two weeks ago.
The Sherwood Country Club has played host to the event on all but one of the twelve occasions it has been staged, the only time it was not was when the inaugural event was played at the Grayhawk Golf Club in Scottsdale in Arizona.
Woods has won on four of those twelve occasions and following his recent good weeks in Australia, where he finished 3rd at the Australian Open and then played well for the US at the Presidents Cup, the expectations are high for him to return to the winners' circle for the first time in two years.
He will need however to defeat a field which includes the likes of Steve Stricker, Jason Day, Webb Simpson and Nick Watney from the world's top ten along with many of the game's other current stars.
Day played with Woods for the first time at the recent Australian Open, finishing two shots behind his boyhood idol.
The event has a strict entry formula with the leading 11 available players from the world ranking plus the four available major winners with the balance made up of special exemption players.
The tournament is worth US$5 million with the winner to collect US$1.2 million.