"My lower back is fine, and I have no long-term concerns, and I hope to be ready for The Players (Championship)". "I've been receiving treatment, but it hasn't improved enough to play", Woods said.
He is now ranked 12 in the world, having recovered from being number 1,199 after spinal fusion surgery - the latest of multiple operations.
"I'd like to send my regrets to the Palmer family and the Orlando fans", Woods posted.
The 14-time major champion made the announcement he will miss the Bay Hill tournament on his Twitter account on Monday afternoon.
Sunday night snow, 5-8 inches possible
The National Weather Service issued a winter storm warning for Fairfield, Litchfield and New Haven counties. Thursday will be a sunny day with a high near 26, with wind speeds reaching about 25 miles per hour .
His three-putt at the next, where he missed a five-footer, was not quite as dramatic but hardly less disappointing for one of the greatest talents to have played the game.
Last September, Woods got a rare taste of his old glory when he won the Tour Championship in Georgia - this after staging a comeback from four back surgeries. Woods tied for 11th at The Players in 2018. Joining him will be two of the highest-ranked players in the field: Koepka, who finished T-2 last week at Honda, and DeChambeau, who has thrived this year outside of his most recent start in Mexico. Woods has only four events to play before the Masters - The Players, the Valspar Championship, the WGC-Dell Technologies Match Play and the Valero Texas Open.
It's also worth noting that if the injury timeline is correct, Tiger would have been playing with a neck strain at the WGC-Mexico Championship.
Woods, 43, is coming off a bounce-back season after years of health problems that included spinal fusion surgery. He did make sure to note that his injury is not considered long-term.