The announcement came during the playing of the Chevron World Challenge in Thousand Oaks, Calif., a tourney hosted by Tiger Woods.
Furyk, ranked sixth in the world, won three times in 2010. He capped off his season with a victory at the Tour Championship which clinched a $10 million payday as the winner of the FedEx Cup.
He captured the FedEx Cup despite being disqualified from the first of the four playoff events because he overslept and missed his tee time for the pro-am competition.
"It's special to have your peers vote for you," Furyk said. "I had a great season, but you never know how (the vote) is going to wind up at the end.
"I feel honored with all the great players that are on that trophy that have had that honor before. I'm humbled by it. It's definitely exciting."
In addition to his win at the Tour Championship, Furyk won the Transitions Championship and The Heritage.