Due to the time difference, fans in the U.S. can watch it live on Golf Channel starting at 11 p.m. ET on Oct. 20. The event can be streamed globally on GOLFTV.
The total purse will be $350,000. The first six holes are worth $10,000 and hole values will rise to as much as $100,000 on the final hole. If no player wins the 18th hole outright, a sudden-death playoff for the value of the final skin will take place. The winner is the player who takes home the most money.
"I haven’t played a skins format in quite some time, so it will be fun to try something a little different and add a few strategic elements as we compete," Woods told Golf Digest's Joel Beall. "There has already been some friendly banter between us and that will continue until we get to the first tee.”
Tiger went head-to-head with Phil Mickelson last year in a match play event with $9 million on the line and lost.
Woods, McIlroy, and Day are all former World No. 1s. Matsuyama, who's reached as high as No. 2 in the World Golf Rankings, is no slouch either. Plus, the Japanese golfer will have the advantage of playing on home soil.
"It’s a real honor for me to play with these guys in front of a home crowd," said Matsuyama. "I'll be grateful for all the support from the fans in Japan, but with the popularity of Tiger, Rory, and Jason, I know they’ll also be strongly supported wherever they play. It’s amazing to have these great champions playing in Japan and doing so much to promote and grow the game in my home country, but you can be sure I’ll be trying to beat them on the course."
The event takes place a few days before the inaugural Zozo Championship in Japan, which begins Oct. 24.