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Champions Tour to move to begin 2016 Schwab Cup playoffs in L.A.

Nine years after the adoption of the FedEx Cup, the Champions Tour will start a playoff system of its own in 2016, with the 50-and-over circuit adopting a three-event playoff to end its season – a move Golfweek reported in August.

Now the Champions Tour has unveiled the first leg of the new playoff system: A new event in Los Angeles.

All that's left is to pick an official site.

For 2017 and 2018, a recently renovated Sherwood Country Club will host of the playoff opener, which will be known as the PowerShares QQQ Championship.