Updated

The Champions Tour and energy company Constellation agreed to a five-year sponsorship extension of the Senior Players Championship on Friday.

Per the agreement, Constellation will remain the title sponsor of the Senior Players Championship -- one of five majors on the Champions Tour -- through 2017. The event will be played at Pittsburgh's Fox Chapel Golf Club through 2014.

"Constellation has been a valuable partner and tremendous supporter of the Champions Tour since 2003 and has played an integral role in helping the Senior Players positively impact the communities in which the tournament has been staged since 2007," Champions Tour president Mike Stevens said in a statement.

Fox Chapel Golf Club hosted the Constellation Senior Players for the first time in 2012, with Joe Daley defeating Tom Lehman by one stroke to earn his first Champions Tour victory. The event was held from June 28-July 1, marking the first time it was staged in mid-summer since 2006.

Constellation has been a title sponsor on the Champions Tour since 2003 and title sponsor of the Senior Players Championship since 2007.