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World top-ranked golfer Tiger Woods has agreed to a brand new endorsement cope with Nike, in keeping with ESPN.
Mark Steinberg, Woods’ longtime agent, instructed ESPN the events really agreed on the brand new deal practically two weeks in the past throughout a sequence of conferences in Florida. No monetary phrases or size of contract have been revealed.
Given Woods’ latest return to the highest of the golf universe, Nike, the sports activities trade main tools and attire maker, had been wanting to re-up on a deal the 2 sides initially signed in 2006. Total, Woods has been with the corporate since turning professional in 1996, when he signed a five-year deal for a reported $40 million.
Based on ESPN, the present contract was for seven years and varied trade experiences have positioned his Nike compensation over $100 million over 5 years beginning in 2001.
“We’re comfy with the place we ended up and the profession trajectory that Tiger shall be on with Nike,” Steinberg instructed ESPN.com at Muirfield, the place Woods will started play in the present day within the Open Championship. “I am thrilled we have been capable of full this deal.”
Steinberg stated final month, when he acknowledged a brand new deal was imminent, that he felt “assured Woods shall be with Nike for the remainder of his profession.” He later added there can be no new necessities as a part of the deal however that Woods would proceed to work carefully with Nike to develop merchandise.
“It isn’t nearly having one of many best golfers of all time or one of many best athletes of all time on employees,” Steinberg stated. “It is about how insightful he’s with the product — how he might help them with innovation. I believe there shall be a whole lot of that.
Golf Digest, as a part of an annual report earlier this 12 months on golfers’ revenue, put Woods’ earnings at $77 million off the course in 2012.
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