The three-year agreement and the participation of Nicklaus and Watson was officially announced Thursday by executives with ESPN Regional Television, Trans World International and the Ka'anapali Beach Resort Assn.

The 21st senior skins game will be played Feb. 23 and 24 at the Royal Ka'anapali Golf Course. The three teams competing against Nicklaus and Watson will be announced later. The event will be televised by ESPN.

Royal Ka'anapali takes over from Wailea's Gold Course, which hosted the last seven years. The event spent 11 years at Mauna Lani on the Big Island before that. The inaugural match was played in 1988 at Turtle Bay and the second at the Mountain Course at the La Quinta Hotel Golf Club in La Quinta, Calif.

"We could not be more pleased to bring this event to a showcase like the Ka'anapali Golf Resort," said Tony Renaud, vice president of new business for ESPN. "With Champions Tour and LPGA events played here at one time, this facility has a history of providing a backdrop to championship-quality golf and this event will do nothing but enhance and build upon that tradition."

The Robert Trent Jones-designed course was site of the LPGA's Kemper Open and the Champions Tour's Ka'anapali Classic. It also hosted the Canada Cup and Shell's Wonderful World of Golf, among its more high-profile events. The event will showcase a multi-million dollar renovation to the course.

The $770,000 total purse is broken down to $30,000 for each of the first six holes, $40,000 for the middle six, $50,000 for holes 13 through 17, and $100,000 for the 18th hole. If no team wins a hole outright, the money is carried over.