It is an official PGA Tour Champions event that pairs one junior with one senior, PGA Tour Champions player and two amateurs. Seventy-eight junior spots are awarded, seventy chosen from two selection processes and eight exemptions are selected through The First Tee of Monterey County and Monterey Peninsula Foundation, the host organization. The purse for the 2012 tournament was US$1,800,000, with $255,000 going to the winner. The tournament was founded in 2004 as
The First Tee Open at Pebble Beach presented by Wal-Mart. The First Tee of Monterey County is one of the direct receivers of the proceeds made from this tournament.
Walmart was the title sponsor of this event from 2004 to 2009. National Association for Home Care & Hospice was the title sponsor for 2010. Nature Valley was the title sponsor for the 2011 tournament. ==Tournament hosts==