And barring any format changes, the only drama next December will be whether Woods becomes the first playing captain since Hale Irwin in 1994.
The official announcement of Tiger and Els as captains is expected to be made on Tuesday as part of the initial ceremonies for the Arnold Palmer Invitational in Orlando, an event in which Tiger Woods will compete.
Only Dustin Johnson is rated a better chance to win next month's Masters following Woods' fine performance at the Valspar Championship, with Woods rated at 12-1 chance by bookmakers.
Whilst Els might be a logical choice to be the next worldwide team captain, Woods' anticipated appointment comes as more of a surprise, not least because he will be only 43 by the time the match takes place in Melbourne next year.
Woods and Els have agreed to be captains for the 2019 matches in Melbourne, Australia, according to two people involved in the Presidents Cup.
The 42-year old 14-time major victor has shown glimpses of his former self heading into the year's first major, the Masters at Augusta, which begins in just under three weeks. In near darkness, the two were tied after three playoff holes and captains Jack Nicklaus and Gary Player agreed to a draw.
The Internationals team have tasted Presidents Cup victory just once - at Royal Melbourne in 1998 - and last year's 19-11 thumping in NY was their seventh straight defeat.
Wooods has previously served as a vice captain on the 2016 Ryder Cup team and 2017 Presidents Cup team.
The Presidents Cup has not had a playing captain since Hale Irwin went 2-1 for the Americans in a 20-12 USA victory in 1994.
The 2003 matches ended in a tie at 17 at Fancourt in South Africa, the home country of Els. That's more than any other player.
The President's Cup has been famously one-sided since its inception in 1994, with the worldwide team winning just once - at Royal Melbourne in 1998. Will he be a playing captain?