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What is the Players Championship playoff format? How many playoffs have there been?

The Players Championship is the flagship event for the PGA Tour.

The tournament began in 1974. It was first played at its current home, the Players Stadium Course at TPC Sawgrass, in 1982. Through the years, there's only been five playoffs. The most recent was 2015, when Rickie Fowler fended off Kevin Kisner and Sergio Garcia.

What is the format for the playoff at the Players Championship?

According to the PGA Tour:

Players tied for the lead after 72 holes will settle the Players in a three-hole aggregate playoff. This format was instituted in 2014 after the tournament had used a sudden-death playoff format in previous years.