The Associated Press

Rivals for more than 40 years, Arnold Palmer and Jack Nicklaus decided Wednesday to play the Bay Hill Invitational in what probably will be the last time they tee up together on the PGA Tour.

"I'm delighted about it," Nicklaus said. "This gives me an opportunity to hopefully play four rounds of golf.

"I'm sure Arnold and I will have a great time. We don't get the opportunity to see other and spend time together as much as we used to."

After playing a charity event Tuesday in south Florida, light banter about their golf turned into a challenge that neither Palmer nor Nicklaus could refuse.

Nicklaus feels so good about his health that he's itching to play more tournaments as he decides whether to compete in the Masters. Palmer, who thought he was done at Bay Hill after missing the cut last year, reconsidered after realizing this would be his 50th straight year playing at least one PGA event.

Palmer, 73, and Nicklaus, 63, first went head to head at the 1960 U.S. Open, where Palmer shot a 65 in the final round to beat Nicklaus by two strokes.