Bermuda will host the PSA Masters in 2005 and 2006, and the World Open in 2007.
The PSA's biggest-ever single deal follows the success of the inaugural Bermuda Open in March.
The 2004 PSA Qatar Masters, the final of which took place in the Qatar capital Doha at the weekend, brought to an end the event's three-year association with the Middle East country.
Said PSA chief executive Gawain Briars: “Following three years of wonderful success in Qatar, the PSA Masters is moving to Bermuda as part of a major agreement commencing in 2005.
"Multi-year agreements are a backbone to the circuit, and this wonderful new opportunity has come to fruition following negotiations with the BSRA over this last period.”
