Sunday, July 17, 2011

Is Tiger Woods getting short on "Money" these days ....

    No, it can't be. Well, he only has a few endorsement deals left. Oh yes, the recent divorce settlement probably was BIG. He also got a pay cut from Nike. The once king of the sports world has suffered financially lately.

    Company giants like Gillette, Accenture, Tag Heuer, and Gatorade having all jumped the "Tiger ship". Tiger's major deals are now down to 3. Nike is the most prominent of the 3. Estimates of Tiger's Nike money are down as much as 50% in 2010. That's got to hurt. Nike penalized Tiger and reduced his payment for two years as a response to his public behavior.

    Another factor that has shrunk Tiger’s wallet is his tournament winnings. Woods won no majors in 2009, the first year that's happened since 2004. He went completely winless in 2010, and this year he has so far missed the U.S. Open, AT&T National, and the British Open.

    In better times Tiger won $10.9 million in 2007, $5.8 million in 2008, and $10.5 million in 2009.

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