What Nick Faldo has referred to as "The Tiger-less Tour" resumes in Atlanta today with the BellSouth Classic.
No Tiger Woods in the field - he is Augusta and the first major of the season.
Parnevik won the Honda Classic in Florida three weeks ago, his fifth US Tour success, but then back came Woods from a week off to capture first the Bay Hill Invitational and then on Monday the Players' Championship.
The world number one, having given Steve Stricker a $1 million start at the top of the American money list at the beginning of the year (Stricker won the World Matchplay in Melbourne), is top again with over $2 million.
Parnevik missed the cut at Sawgrass and made a late decision to add the £2 million Atlanta tournament to his schedule in a bid to be as prepared for the Masters as he can be.
In four appearances at Augusta the Ryder Cup Swede has yet to record a top-20 finish.
Mickelson won the Buick Invitational last month to go to second in the world rankings, but when he went head-to-head with Woods in the third round of the Players' on Saturday he was beaten by six shots.
And while Woods went on to the title with a last-round 67 the left-hander closed with a 77 and tumbled all the way down to 33rd place.
Mickelson is the defending champion this week, having beaten Gary Nicklaus at the first hole of a play-off on the same Greg Norman-designed TPC at Sugarloaf course after the final round was washed out.
Els is another who took stock of his situation after missing the cut last week and like Parnevik came to the conclusion he needs another event to raise morale.
The South African has been really struggling of late, but is far too good a player to stay in the doldrums for long.
Olazabal has yet to make the impact he was hoping for after joining the US Tour this season, but climbed impressively into 12th place at Sawgrass with closing rounds of 68 and 69 after surviving the cut with nothing to spare.
Ian Woosnam is also in the field and will be striving hard to forget the memory of failing to break 80 last Friday.
At least he has the chance. Last year he thought he had entered the BellSouth Classic, only to discover his management company had forgot to file an entry for him.
America's PGA Tour have awarded Sky Sports a new five-year deal to broadcast live tournaments. The contract, the longest ever agreed by the PGA Tour, was secured during the Players' Championship at Sawgrass and runs until the close of the 2006 season.
