For years the charity championship has been part of the PGA's Nationwide Tour.
That changed Wednesday when the PGA officially announced that Web.com will take over as the corporate sponsor for this developmental level of the PGA.
Web.com provides services and online marketing solutions to small and medium sized businesses.
Web.com signed a ten year contract to be the umbrella sponsor starting immediately.
Springfield is one of only four tour stops that have been around for the previous 22 years.
Earlier this month, tournament director Jerald Andrews said that the change in sponsorship won't effect the tournament in Springfield.
He said it would lend stability to the tournament that has raised more than $9 million dollars for charity over the previous 22 years.
This year's Web.com Price Cutter Charity Championship will tee off its first round on August ninth and a champion will take home $112,500 on August 12th.