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Carriggxcy · Posted: Sat 4:19, 21 Dec 2013 Post subject: Steinberg said. &quot

million offer with Nike
It is official. Tiger Woods, the world's best golfer, has signed what is believed to be the most lucrative endorsement agreement in expert sports activities background. As noted by Related Push on Thursday, Woods inked a new fiveyear endorsement deal with Nike really worth million US.
Woods' previous agreement with Nike expired in 2001 and was stated to be worth million US more than 5 years.
"Component of that answer rests with what Nike's ultimate goals truly are," stated Bob Williams of Chicagobased Burns Sports activities Celeb Service, which matches athletes with company sponsors.
Golf, lengthy considered an elitist sport because of the higher costs concerned to perform, does not attract as much curiosity as the NBA did when Michael Jordan played for the Chicago Bulls.
"How a lot growth is there in golfing?" Williams stated. "And how much can Nike capitalize?"
Jordan, who produced Nike and his Air Jordan footwear a household name in the late 80s and early 90s, obtained as much as million US a year, depending on Nike revenue.
But that was a life time contract. When Woods' current contract ends, he'll be thirty and in the prime of his profession.
"The value Nike obtained on the first agreement brought on me to come to my conclusion that it would be chump change," his father, Earl Woods, said of the fiveyear, million deal that raised eyebrows in 1996.
"And this contract will be chump change in contrast to the next one, simply because Tiger is only heading to get larger and better."
Nike Golfing president Bob Wood stated that Tiger brings more than number and championship titles. His enigmatic personality and the mindset he delivers to the sport is part of the attraction.
"We do not even look at it like that," said Wood, who refused to discuss the specifics of the contract. "When the initial 1 arrived out, everybody stated, 'What the hell did you do that for?' His illustration is sufficient to reinforce everything we stand for competitiveness,[url=http://www.bucksbs.co.uk/font/nikeairmax90.html]cheap air max 90[/url], excellence and a desire to be much better."
This Nike deal not only helps Tiger,[url=http://www.digitbrand.co.uk]cheap nike air max 90[/url], but it raises his value with other companies who want to be associated with Woods.
His agent at IMG, Mark Steinberg, is working on agreement extensions with other businesses Woods endorses such as American Specific and EA Sports.
But Steinberg insisted that won't be demanding much more cash from other companies because Woods wears Nike's acquainted swoosh from head to toe and is actually a strolling endorsement for the company,[url=http://www.digitbrand.co.uk]cheap nike air max[/url].
"He is the most photographed athlete and perhaps the most photographed entertainer," Steinberg stated. "Nike is the only brand you can see on this person.
With all of his accolades on the field, the legend of Woods has taken on a new dimension via tv commercials.
One of Nike's most successful advertisements has Woods just bouncing a ball on his wedge, hitting it powering his back and through his legs before he hits it down the golfing program in midair.
Woods has endorsement contracts with 11 companies and his father stated that his son's internet really worth is really worth more than million US.
Several financial analysts think that Woods could become sports' initial billion US guy.
In just four years on Tour, Woods has transcended the sport, earning the title of the best participant ever to consider a golfing program regardless of his younger age.
This summer time, he completed the career grand slam, becoming the youngest golfer at any time to win all four significant championships.
With three tournaments left to perform till the end of the yr, Woods has already claimed a complete of 7 victories the most on the PGA Tour since 1950 and is on tempo to shatter the period scoring average set by Byron Nelson in 1945.
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