LAS VEGAS, Nev. -- The PGA TOUR and the Las Vegas Founders Club announced Monday that they have reached an agreement with Fry’s Electronics of San Jose, Calif., to sponsor the TOUR’s Las Vegas Invitational in 2006.

Featuring a pro-am format, the tournament is scheduled for the week of Oct. 9-15 at the TOUR-owned Tournament Players Club of Summerlin and Tournament Players Club At The Canyons.

“We are very pleased to announce this agreement with Fry’s Electronics, which certainly will strengthen this year’s tournament and enhance its ability to generate significant dollars for local charities,” said PGA TOUR Commissioner Tim Finchem. “We look forward to partnering with the Fry family.”

Fry’s is a major upscale electronics retailer that was founded in 1985 by brothers John, Randy and David Fry, as well as Kathy Kolder. Fry's is a closely-held private company with 32 stores in nine states and 12,000 employees.

“We are proud to forge this partnership with the PGA TOUR and Las Vegas Founders Club to support a great, entertaining tournament that has a long history of supporting worthwhile charities in the Las Vegas area,” said John Fry, co-founder of Fry’s Electronics. “The PGA TOUR is one of the great brands in sports. We are particularly excited to be in a position to help the tournament support its traditional charities, as well as one of our favorite non-profit organizations, the American Institute of Mathematics.”

“The Las Vegas Founders Club is extremely pleased to be partnering with Fry's Electronics this year,” said James Duddlesten, 2006 Tournament Chairman. “Adding an industry leader like Fry's Electronics to our long-standing PGA TOUR partnership will help elevate our event as well as the local charities that benefit from it.”

The Las Vegas event, which dates back to 1983, annually raises approximately $1 million for charity. It features a unique pro-am format in which each pairing the first two rounds of competition includes two professionals and two amateurs playing both TPC courses. The professionals then play without amateurs the final two rounds.

Last year, Wes Short, Jr. defeated Jim Furyk in sudden death for his first career PGA TOUR victory after making a clutch birdie on the 72nd hole to get into the playoff.