Corey Perrine/Florida Times-Union / USA TODAY NETWORK

Steven Alker finished his day with nine straight par saves and won the Charles Schwab Cup Championship by one stroke to close out the PGA Tour Champions season on Sunday in Phoenix.

Alker's 2-foot par putt at the par-5 18th had more than $1 million riding on it. By saving par for a one-stroke victory, the New Zealand native won both the $528,000 first prize for the tournament and a $500,000 bonus for taking second place in the season-long Charles Schwab Cup points race.

Steve Stricker won his first Schwab Cup title after winning six tournaments in 2023, including three major championships. He clinched the title after the first leg of the playoffs.

Stricker withdrew from this week's tournament at Phoenix Country Club after his father was admitted to the hospital for a medical emergency.

"I didn't get it done this year," said Alker, who won the Schwab Cup in 2022. "Stricker had an amazing year, he was phenomenal, so we were chasing him all year. But to get second after going first last year, that means a lot just to keep the consistency. And I get a couple of wins, it's nice. The guys are just getting better out here and just pushing harder, so you've just got to try a little bit better every year."

Alker entered Sunday with a four-shot lead and posted a 1-under 70 (two birdies, one bogey) to finish at 18-under 266.

"To beat these guys, it's hard to win out here," Alker said. "To get another one, stuck on six (wins) for a while, but to get another one is great. It means a lot obviously with family and friends here."

Alker missed the green on his third shot at No. 18 but his ball avoided a bounce into the adjacent water hazard. He chipped on and sank his par putt to avoid bogeying and dropping into a playoff with Canadian Stephen Ames and South African Ernie Els.

Ames and Els each shot bogey-free 65s to get to 17 under and put pressure on Alker.

"I made it exciting here at 18, but that wasn't the plan, I'll tell ya," Alker said.

Els, who opened the tournament red-hot with a 63, moved from fifth to third in the Schwab Cup race.

"I played pretty solid," Els said. "If I make a putt here and there early on in the second nine, you know, the momentum changes again. But it's fine. I had a good tournament. Just got to just dust up a little bit, get ready for next year."

Padraig Harrington of Ireland and Bernhard Langer of Germany rounded out the top five of the final Schwab Cup standings.

More must-reads:

TODAY'S BEST
Hall of Famer, legendary Raiders offensive lineman dead at 86
Report: Cavs owner 'would never' trade Donovan Mitchell to this team
Kim Mulkey adds legendary LSU alum to coaching staff
Insider details LeBron James' role in Lakers' head-coaching search
Cardinals switch up offensive line, move 2023 first-rounder to new position
Commanders poach another key overseer of Lions rebuild
Commanders to hire veteran executive as player personnel director
Guardians designate outfielder for assignment
Patriots' Drake Maye starts OTAs in surprising position
Bettors are buying Bronny James hype before the 2024 NBA Draft
Mets release veteran infielder
Anderson Silva, Chael Sonnen will finish off their trilogy in a boxing ring
Victor Wembanyama, Chet Holmgren highlight 2023-24 All-Rookie team
Jaguars' Doug Pederson discusses Trevor Lawrence contract extension
Saints, star CB 'moving forward' following trade chatter
Pacers ride historic shooting performance to Game 7 blowout of Knicks
Timberwolves mount incredible second-half comeback to stun Nuggets in Game 7
Xander Schauffele proves doubters wrong with historic win at 2024 PGA Championship
Four things we learned from Joey Logano's All-Star Race win at North Wilkesboro
Phil Foden lifts Manchester City to fourth consecutive English Premier League title

Want more sports news?

Join the hundreds of thousands of fans who start their day with Yardbarker's Morning Bark, the best newsletter in sports.