[Yoda]

http://www.pgatour.com/players/pgatour-exempt/

For those interested, I recommend selecting and saving the above Exemptions List to an MS Word file and printing it. All PGA TOUR players are not created equal!

Note that the 125-150 category is a distant #27 on the list:

Next 25 members after the Top 125 members from previous year’s Official Money List. If needed to fill the field, the next 25 PGA TOUR members after the top 125 PGA TOUR members from the previous year’s Official Money List, in order of their position on the list.

Ted Purdy
Jeff Gove
Craig Kanada
Ryan Palmer
Harrison Frazar
Marco Dawson
Andrew Buckle
Robert Gamez
Gavin Coles
Bob Heintz
Daisuke Maruyama
Doug LaBelle II
Billy Andrade
Jason Dufner

Beyond 150, there is zero provision except for Veteran Members.

As for John Daly, note Exemptions #11 here:

Sponsor exemptions (a maximum of eight, which may include amateurs with handicaps of 0 or less), on the following basis:

Not less than two sponsor invitees shall be PGA TOUR members not otherwise exempt.
Not less than two of the top 25 finishers and ties from the last Qualifying Tournament, as well as 2-25 from the 2007 Nationwide Tour money list, if not all of them can otherwise be accommodated. (Note: PGTA TOUR members may receive an unlimited number of sponsor invitations. Non-TOUR members may receive a maximum of seven per year.)

Thanks for your comments, kumabjorn. I'm learning, too!