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Funk was coming off a victory at the U.S. Senior Open, where he became the first player in a USGA championship to finish at 20-under par. A week earlier, he lost in a three-way playoff at the Senior British Open.
With top 10 finishes in the four Champions Tour majors so far this year, Funk remained in the lead for the Charles Schwab Cup.
Watson and Loren Roberts also finished at 11 under.
Watson had one of the biggest galleries on the 7,337-yard course built in the shadow of Mount Bachelor. He has said this week that he's met many well-wishers in the past month after losing in a playoff to Stewart Cink at the British Open.
The Tradition started at Desert Mountain in Scottsdale in 1989 before moving to Superstition Mountain for a year in 2002. With the help of Oregon native Jacobsen, the event moved again in 2003 to the Reserve Vineyards and Golf Club west of Portland, and in 2007 came to Crosswater.
[Associated Press;
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