Martin Laird continues to stay atop the leaderboard at the 2012 Players Championship at TPC Sawgrass. He entered the day tied with Ian Poulter at 7-under, but he is in sole possession of first place at 9-under after the front nine. Ian Poulter does not tee off until 11:39 a.m. MT.
Laird made birdie on Holes 2 and 5, but he had his first bogey of the tournament on Hole No. 4, taking five strokes on the par-4 hole. He closed out his first nine holes with a birdie on the par-5 ninth hole.
Charlie Wi has made an early charge up the leaderboard with his 6-under round, sitting at 7-under in a tie with Poulter for second place. He made five birdies on the front nine and continued with a birdie on Hole No. 11.
| Pos. | Name | Total | Hole | Round |
| 1 | Martin Laird | -9 | 9 | -2 |
| T2 | Charlie Wi | -7 | 11 | -6 |
| T2 | Ian Poulter | -7 | 11:39am* | N/A |
| T4 | Jonathan Byrd | -6 | 9* | -2 |
| T4 | Blake Adams | -6 | 10:25am* | N/A |
| T6 | Brendon de Jonge | -5 | 13 | -2 |
| T6 | Adam Scott | -5 | 8* | -1 |
| T6 | Bill Haas | -5 | 8* | -1 |
| T6 | Brian Davis | -5 | 6 | -1 |
| T6 | Kevin Na | -5 | 11:18am | N/A |
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