SHANGHAI, China -- Phil Mickelson glanced at the gleaming trophy on his left, rolled his eyes and broke into a sheepish grin.
"I cannot believe I'm here as the champion right now," he said.
Lefty overcame six penalty strokes in the final round Sunday, blew a three-shot lead with seven to play and still won the HSBC Champions tournament on the second hole of a three-way playoff with Englishmen Ross Fisher and Lee Westwood.
The victory in Asia's richest tournament earned Mickelson $833,000. It was his fourth victory this season and gave him a title Tiger Woods twice has failed to win.
Fisher, ranked No. 141, had a one-stroke lead going to the 72nd hole. It seemed Mickelson would need several clutch shots to at least force a playoff. Instead, he dumped his long approach into water off the right edge of the green.
"I never thought after hitting in the water I had a chance," said Mickelson, whose win was his second outside the United States and first since he won in France 14 years ago.
Fisher also had several blunders, particularly on the final hole of regulation.
"I can't remember a final hole like this," said Mickelson, who made a 4-foot birdie putt on the second playoff hole to eliminate both Englishmen.
Fisher had already played four shots when Mickelson holed out. Westwood dumped two in the water and was out of it when Mickelson dropped the winning putt.
"It was the most unusual back nine I've ever been a part of," Mickelson said.
The scene for the confused, whirlwind finish began shaping up with Mickelson leading Fisher by three shots after 11. Mickelson dropped four shots on Nos. 12, 13 and 15. On 15, his bogey and Fisher's 3-foot birdie gave the Englishman a two-stroke lead with three holes to play.
"I had a huge lead early in the round but hit some horrible shots," Mickelson said. "It was a difficult day. But I kept fighting, and it's a funny game, golf. You just never know what's going to happen."
Mickelson got one back with a birdie at 16. At 18, Fisher and Mickelson hit the fairway at the 538-yard hole. Fisher went first with his second shot and elected to try reaching the green in 2 instead of playing safe and laying up. He avoided water on the right but landed in Bermuda rough just off the green. Mickelson also went for it and found water.
Only needing to get down in three for a par and the win, Fisher chipped his third shot onto the sloping green. It bounced off and into lateral water. He took a penalty drop and needed a chip and two putts for a double bogey to finish at 2-over 74, 10 under for the tournament.
That left Mickelson with a chance to win in regulation. His 10-foot putt for par, which would have left him alone at 11 under, slipped by. He finished with a 76, also 10 under.
LPGA, at Mobile, Ala. -- The Pink Panther won in style.
Paula Creamer, complete with pink outfit, hat and ball, ran away with the Tournament of Champions, winning by eight strokes.
"All of my other tournaments that I won have been with the white ball," Creamer said. "So, this was a little extra added pressure I put on myself with that, but I'm glad I won with my pink ball."
Creamer, 21, closed with her second consecutive 4-under 68 to finish at 20-under 268, a stroke off the tournament record set last year by Lorena Ochoa.
"I wanted to break the record," Creamer said. "It definitely was a goal of mine, but especially in the middle of the round where I started making some birdies and had something to go for. You know, it is kind of a bummer that I didn't get it. But at the same time, I will take it. It's a win."
Creamer earned $150,000 for her second victory of the year and fourth in three seasons on the LPGA Tour. She joined Ochoa (seven) and Suzann Pettersen (five) as multiple winners this year.
Birdie Kim (68) was second at 12 under, and Annika Sorenstam (70), Natalie Gulbis (68) and Pat Hurst (72) tied for third at 10 under in the event for tournament winners from 2004-07 and active Hall of Famers.