Updated

Ponte Vedra Beach, FL (SportsNetwork.com) - Martin Kaymer carded a 3-under 69 on Friday to remain atop the leaderboard after two rounds of the Players Championship.

Kaymer was five shots clear when he walked off the course, but Jordan Spieth closed that gap. Kaymer ended 36 holes at 12-under-par 132.

Spieth, who played in the afternoon wave, fired a 6-under 66, the low round of the day, to move into second place at minus-11.

Russell Henley managed a 71 in round two and sits alone in third at 8-under- par 136 on the Stadium Course at TPC Sawgrass.

Jim Furyk shot 4-under 68 to move into a share of fourth place at 6-under 138. He was joined there by 2008 winner Sergio Garcia, reigning U.S. Open champ Justin Rose, Lee Westwood and Gary Woodland, who all shot 71 on Friday.

Former champions Adam Scott (67) and K.J. Choi (70) made the cut on the number at even-par 144.

Phil Mickelson, who doesn't have a top-10 finish on the PGA Tour all season, missed the cut by a stroke as did former PGA Championship winner Keegan Bradley.

Kaymer parred his first two holes, then poured in a 28-footer for birdie on the third. He gave that shot back four holes later when he 3-putted for bogey.

At the par-5 ninth, Kaymer played his third to five feet and rolled that in for birdie to help him make the turn at minus-10. The 2010 PGA Champion converted a 12-foot birdie effort at the 12th.

Kaymer failed to save par from a bunker on the 14th, but he came right back with a 30-foot birdie putt on No. 15. Kaymer stuffed his tee shot at the island green 17th to five feet and made that putt for his final birdie. Kaymer walked off the course five strokes clear of the field, but Spieth hadn't even started his round at that point.

"The pin positions were tougher than yesterday. I didn't hit as many fairways as yesterday, but I managed my way quite nicely around the golf course. I made a couple nice up and downs, two longer putts went in, so overall I kept it together really well," Kaymer said. "I scrambled very nicely, so I'm really pleased."

Spieth started his round with a 2-putt birdie on the par-5 second. He stuffed his approach on the fourth within two feet and kicked that in for birdie. At the seventh, he rolled in a 9-foot birdie effort to move to 8-under, where he was within four of Kaymer's lead.

The 20-year-old drained an 8-footer for birdie on the 11th. Spieth dropped in back-to-back birdie chances, both from inside four feet, at 13 and 14 to get within one of the lead.

Spieth had four birdie putts on the final four holes, but failed to convert any of them. He closed his bogey-free round with four straight pars, and ended one behind Kaymer.

"I'm very happy with it. After yesterday when we were warming up, the wind was picking up, we thought even-par would be a good score. I told my caddie anything under par would be a great round of golf. And you know, the putts just kept going," Spieth said in a TV interview. "I didn't have to work too hard. I had to make a couple saves for par, but I'm very happy with how I'm striking the ball tee to green."

NOTES: Kaymer has never finished better than tied for 15th at the Players Championship ... International players have won seven of the last 12 Players titles, but since this event started in 1974 only 10 second-round leaders have gone on to win the title ... Spieth is looking to become the fourth player to win this event in his first appearance ... The cut line fell at even-par 144 with 82 players advancing to the weekend ... Eighty-two players made the cut, so there will be a secondary cut to the low 70 and ties after round three ... Joining Mickelson and Bradley in missing the cut were Lucas Glover, Kevin Stadler, Robert Garrigus, Webb Simpson, Darren Clarke and last week's winner, J.B. Holmes.