Sunday, December 13, 2009

News: Tiger Loses $180 Million if He Takes a Year Off?

 

According to the New York Post, this is how much Tiger stands to lose if he takes the year off:

$180 MILLION IN PERSONAL EARNINGS, INCLUDING:

$110 million in advertising income, if sponsors rebel and dump contracts

$23 million in tournament prize money (roughly the amount he won in his last full season on the PGA Tour and abroad)

$30 million in fees for three golf courses he’s designing, if deals fall through

$17 million in appearance fees (equal to his best year for showing up to play minor events)

$591 MILLION IN INDUSTRY LOSSES, INCLUDING:

$455 million in losses to his Nike-endorsed golf brand, based on estimated 35 percent sales decline

$40 million in lost PGA Tour ticket sales, based on a predicted 25 percent loss at 20 Woods-attended tourneys

$96 million if the Woods-brand EA Sports golf video game goes down the tubes

Read more: http://www.nypost.com/p/news/national/tiger_to_suffer_ashEvFQnFsG4EKGuaCCDML#ixzz0ZaM5sD5W

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