Champions Tour finalizes new playoff series with L.A.-based event

The Champions Tour is moving to a playoff system in 2016 that will settle the Charles Schwab Cup.

The 50-plus circuit will have a three-event series in the fall, starting with a 72-player field in the new Powershares QQQ Championship near Los Angeles, announced Monday by PGA Tour commissioner Tim Finchem. After that event, the top 54 players in the points standings will remain standing for the Dominion Charity Classic, to be played in Richmond, Va.

The season will continue to end with the 36-player Charles Schwab Cup Championship. The tour is yet to announce the points system for the playoff events, including a potential reset and if the new playoff finale will end with only one winner, not a tournament champion and a season-long winner like we saw on Sunday with Billy Andrade winning the Schwab Cup Championship in a playoff over Bernhard Langer, who, regardless, won his third Schwab Cup, complete with a $ 1 million annuity.

In January, Charles Schwab signed a 20-year extension to keep its name on the season-long points race trophy.

Ryan Ballengee is a Yahoo Sports contributor. Find him on Facebook and Twitter.

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