"I am extremely disappointed that I will not be at my tournament this week," Woods said. "I am certain it will be an outstanding event and I'm very sorry that I can't be there."
His decision to withdraw comes after a car crash left him with cuts and bruises when his SUV hit a fire hydrant and a tree early Friday outside his home in a gated Florida golf community. Woods was treated and released at a hospital after the accident, and has not been seen in public since.
By skipping the tournament, Woods will escape having to face TV cameras and a horde of media seeking more details about the smashup.
Woods released a statement Sunday saying the accident was his fault, but he did not address any of the questions still swirling around it.