The 1987 Senior PGA Tour was the eighth season since the Senior PGA Tour officially began in 1980 (it was renamed the Champions Tour in 2003 and PGA Tour Champions in 2016). The season consisted of 32 official money events with purses totalling $8,905,000, including three majors. Chi-Chi Rodríguez won the most tournaments, seven. The tournament results, leaders, and award winners are listed below.