The 2014 PGA Masters heads into its third day of competition Saturday with former champion Bubba Watson taking the lead after firing a 68 in the second round.

The prestigious green jacket is still very much up for grabs as Aussie hot shot John Senden and the rest of the competing field try to make the tourney competitive down to the final hole.

Watson, who last wore the green jacket in 2012, wants another crack at the Masters Crown. But for him to reprise the feat, he knows that he has to deliver a stellar performance in the final two rounds.

After firing a 69 in the opening round, Watson was even hotter in the second round as he putted six consecutive birdies to take the overall lead with a seven-under-par score. Senden put himself within striking distance after going four-under-par through the first two rounds while Thomas Bjorn (three-under-par) leads a four-way logjam at third.

"I'm trying to get the jacket back," Watson said in the post-round interview via ESPN Golf. "I want that feeling again."

Watson said knowing the fact he won't be defending the title this year gives him some relief, as he won't have the immense pressure of winning back-to-back.

"It's pressure," Watson said. "You're playing the best golf course in the world. So when you're out here, it's a little bit different. The emotions are different because I'm trying to get the green jacket again. I had it, there's so much you're doing when you're defending champ, and my mind can't handle it."

Meanwhile, Phil Mickelson missed the cut on Friday after another lackluster performance at Augusta National Golf Course. Mickelson shot a 76 in the first round and followed it up with a 73 in the second to finish with a five-over-par. It marked the first time since 1997 Mickelson failed to advance into the third round of the Masters.

Masters Live Stream, TV Schedule, Leaderboard, Groupings and Tee Times

TV Schedule

Live coverage of the PGA Masters starts from 2 p.m. EDT to 7 p.m. EDT on CBS. Live 3-D coverage is available on ESPN 3-D.

Live Streaming

For live stream coverage of the tourney, click here.

Leaderboard

For groupings, tee times, and real-time leaderboard of the tourney, click here.