Watch live streaming coverage of the 2012 Masters, as Tiger Woods begins his quest for a fifth Green Jacket at Augusta National.
Tiger Woods finished the day with a par-72. Reuters

The Player's Championship at TPC Sawgrass gets underway on Thursday.

Day 1 of the golf tournament will be broadcasted on the Golf Channel, but you can also find a live stream available online here.

The Players Championship annually draws the biggest golfers in the game with a massive $9.5 million purse -- $1.71 million goes to the winner -- though never gets the amount of hype or respect as the Masters or British Open.

It has the memorable 17th hole that is known for either making or breaking a player's round, but otherwise isn't viewed as highly as some of golf's other big tournaments.

That doesn't mean that golfers wouldn't love to win the tournament. K.J. Choi won in 2011 and would love to repeat in 2012 with that big purse attached to the event. He'll be paired with two other former winners - Tim Clark and Sergio Garcia - for the first two rounds.

Choi defeated David Toms in a playoff that has left Toms eager to get back to The Players and get a chance to redeem himself. He told reporters this week, though, that his success last year doesn't have much of an impact on whether he'll be successful or not this week.

To be quite honest, what I did last year has nothing to do with what takes place tomorrow morning, Toms told reporters on Wednesday. I have to go out and prove it to myself and play those holes; that I can do it again and try to get right back in the mix. A lot of things have to go right, on any given week, for you to have a chance to win. That will be no different this week.

One big storyline heading into the tournament is what Tiger Woods will arrive at Ponte Vedra Beach, Fla. this week. A win at the Arnold Palmer Invitational in March signaled the return of the old Tiger Woods to some, but then he missed the cut at the Wells Fargo Championship last week. He's paired with Rickie Fowler, who finally broke through and won the aforementioned Wells Fargo last weekend, and Hunter Mahan.

Whether Woods will show the Tiger of old or the one that we all saw last weekend is anyone's guess.

Another name to keep an eye out for is Nick Watney. He finished fourth last year at the event and even led after 18 years. He hasn't played particularly well this year, but could break through at a course he's familiar with and has had success at.