Updated

The Nationwide Tour, known as the developmental arm of the PGA Tour, will be operating under a new name.

Effective immediately, it will be called the Web.com Tour. A 10-year agreement was reached for the Internet and online marketing company to be the primary sponsor.

Currently, the top 25 money winners at the end of the season on the Web.com Tour will be awarded PGA Tour membership. That will change, though, with the new sponsorship. Starting in 2013, the number will grow from 25 to 50. The three final tournaments on the Web.com Tour combining PGA Tour and Web.com Tour players will determine who earns those 50 cards.

"In addition to the quality of play, the standard of our tournaments has been significantly elevated to the point that today the Tour truly is an extension of the PGA Tour in every way," said Bill Calfee, President of the Web.com Tour. "Now, with an outstanding new umbrella sponsor in Web.com and the new PGA Tour qualifying changes that will award all 50 new cards through our final three tournaments, the Web.com Tour is poised to continue to shape and strengthen the future of the PGA Tour."

Nationwide Insurance sponsored the Tour since 2003, but now Web.com takes over and will also become an official marketing partner of the PGA Tour, Web.com Tour and Champions Tour.