Are Nike ending deal with Tiger Woods – Golf News

Nike’s partnership with Tiger Woods is likely one of the most iconic offers in sports activities historical past, Tiger’s preliminary contract was value $40 million over 5 years — the biggest golf endorsement deal on the time — and Nike has paid him over $500 million in complete.

Tiger Woods Endorsement Deal Historical past With Nike

1996: 5 years, $40 million

2001: 5 years, $100 million

2006: 8 years, estimated $160 million to $320 million

2013: 10 years, $200 million

Nike additionally opened the Tiger Woods Convention Middle on its Beaverton, Oregon campus in 2001, and the world’s largest sportswear firm caught by Woods via every thing — extramarital affairs in 2009, a DUI in 2017, and accidents from 2014-2022.

The rationale for that is easy: Tiger Woods remains to be the world’s most well-known golfer — by a mile — and he helped make Nike Golf a ton of cash during the last 27 years.

For instance, Nike Golf was doing $30 million in annual income earlier than signing Tiger Woods. However simply two years after signing Woods, that quantity elevated to $300 million.

Nike Golf Income Pre- And Submit-Tiger (1995-1998)

1995: $30 million (Tiger was with Ping and Reebok)

1998: $300 million (Simply two years after Nike signed Tiger)

It’s additionally estimated that Tiger’s 2019 Masters final-round victory was value $22.5 million to Nike in model publicity alone.

Tiger’s newest cope with Nike expires on the finish of this 12 months, and many individuals are speculating that the 2 events will finally half methods and not using a new deal. Nike not makes golf gear, fellow sponsees (together with Rory McIlroy) have gear offers with TaylorMade, who’re going to extend their attire providing in ’24 or, maybe, Tiger will launch his personal model. So, it’s totally potential that this iconic partnership may lastly finish after 27 years and $500M+ in funds.