The pay-per-view cost is to be announced later.
Woods has won more than $153m in prizemoney during this career on the PGA Tour, while Mickelson has banked almost $120m.
"I'd like to think there is room for exhibition golf; it's something the tour down there should maybe look at trying to do".
They won't be the only ones making money from the match, as WarnerMedia's Turner division has secured the media distribution rights to "The Match".
"I think they can afford it, and I think it will be done differently, " said Woods, who offered no details on possible pricing. "Yes, Nick's correct what he heard because at the time I was done and I didn't know what I was going to be doing", Woods said on the sidelines of the Northern Trust Open.
"It allows us to be a little bit more real, if you will".
NASA spots Hurricane Lane devouring the view from space
Even if the center of Lane remains offshore, severe impacts could still be realized as they extend well away from the center. He's also got a freezer full of fish he's caught on dives and deer he's hunted on the island to last them through the storm.
Mickelson then tried to engage his fellow quadragenarian in a little witty banter over the $9 million jackpot, paid to the victor by Turner Sports, which will broadcast the event on pay-per-view.
The 42-year-old bagged second place at the PGA Championship earlier this month while 48-year-old Mickelson missed the cut.
"But in the first week of October, it will start to heat up".
Unless that graphic is inaccurate, you'd have to figure that Mickelson should be a heavy favorite if both golfers opt to use left-handed drivers.
For the past couple of years, there appeared to be an increasing chance that Woods might never play a competitive round again, as he struggled with back problems and personal issues. "The whole point is the winner-take-all thing".
A match-play event featuring the two golf legends has been confirmed for Thanksgiving Weekend, with the victor set to take home $9 million ($AUD12.2 million). "That's the exciting part about it".