Tiger Woods Signs Extension To Stay With Nike
Tiger Woods signed a new endorsement deal with his club and apparel sponsor Nike that will likely keep the Jupiter Island resident with the company for the remainder of his career.
Tiger Woods wins The Players Championship in May. Photo courtesy of Getty Images
While the financial terms or exact length of the contract were not disclosed, Tiger’s agent, Mark Steinberg did announce that the contract was signed about two weeks ago after meetings took place in Florida.
“We’re comfortable with where we ended up and the career trajectory that Tiger will be on with Nike,” Steinberg told ESPN. “I’m thrilled we were able to complete this deal.”
Woods’ current deal was signed in 2006 and he has been with Nike since turning pro in 1996 when he signed a five-year deal worth a reported $40 million. Woods also has endorsement deals with Rolex, Fuse, NetJets, EA Sports and Kowa, a Japanese company but Nike has been his longest standing sponsor.
With the new contract, Nike has now guaranteed that they have both the number one and number two golfers in the world in their clothing and using their equipment. In January, Nike signed then world number one Rory Mcllroy to a 10-year deal worth upwards of $200 million over the life of the contract. Prior to signing with Nike, the Palm Beach Gardens resident had been sponsored by Titelist since turning pro.
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