Tiger Woods will not compete in the Masters, which will take place at Augusta April 7-10.
Woods is rehabbing from a reoccurring back injury and hasn't been on tour since August, when he competed in the Wyndham Championship and tied for 10th.
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"I've been hitting balls and training daily, but I'm not physically ready," Woods said in a statement on his website. "I've said all along that this time I need to be cautious and do what's best for my long-term health and career. Unfortunately, playing Augusta next week wouldn't be the right decision. I'm absolutely making progress, and I'm really happy with how far I've come, but I still have no timetable to return to competitive golf."
Woods said he does "plan to attend the Champions Dinner and see a lot of old friends."
Woods finished tied for 17th at the Masters last year, posting a five-under score. He has won the event four times, but not since 2005.
The former No. 1 golfer has not won a PGA Tour event since 2013 and has missed the cut six times in 18 events over the past two years.