The 1987 Tournament Players Championship was a golf tournament in Florida on the PGA Tour, held March 26–29 at TPC Sawgrass in Ponte Vedra Beach, southeast of Jacksonville. It was the fourteenth Tournament Players Championship. Sandy Lyle of Scotland defeated Jeff Sluman on the third hole of a sudden-death playoff to become the first international player to win the title. Rains had softened the course and led to favorable scoring; the 36-hole cut of 143 (−1) was the lowest until 1993. Defending champion John Mahaffey finished ten strokes back, in a tie for 32nd place.