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Tiger Woods and the PGA golf tour

Tiger Woods and the PGA golf tour
By Michael McCarthy, USA TODAY Tiger Woods' self-imposed exile could cost him millions in endorsement dollars and winnings. But the loss of golf's biggest cash cow also could deliver a financial whammy to the PGA Tour, TV networks, corporate sponsors and other entities that rely on the world's No. 1 player to drive their business. Without the so-called Tiger Effect, pro golf could be staring at the Tiger Recession. The Tiger-less Tour begins in earnest today at the Farmers Insurance Open at Torrey Pines near San Diego. Woods' vanishing act is taking a toll on tournament sales. After apologizing in a statement for his "infidelity" to wife Elin Nordegren, Woods announced Dec. 11 that he would take an indefinite break from pro golf. The biggest money-loser from the Woods sex scandal appears to be Woods. But Woods won't be the only one hit in the wallet. The Tour "absolutely" misses Woods, fellow player Rocco Mediate said Tuesday at Torrey Pines. Tickets and TV take a hit The stakes are high.

Tiger Woods scandal and his endorsements Tiger Woods has never shanked a drive this badly in his life. First, Tiger was challenged by the outlandish accusations of the National Enquirer, then came the suspicious single-car accident early on Friday morning, and now reports in US Weekly of another affair have put Tiger in some of the deepest rough he has ever stumbled upon. The last encounter proved to be the tipping point for Woods, who released another statement this afternoon. In light of his most recent comments, in which he apologized to his family for any wrongdoings, one must begin to wonder if the lucrative sponsorship deals that made him the world's first athlete to amass $1 billion will be affected by the drama of this situation. We saw Nike drop Kobe Bryant for being unfaithful and Michael Vick for going Cujo on on some dogs. We saw Michael Phelps lose his deal with Kellogg's after going one toke over the line. But there was hard evidence in each of those cases. So much for that whole "scandal-free" thing.

Tiger Woods net worth since the infidelity scandal and his divorce settlement - National celebrity infidelity What is Tiger Woods net worth since the infidelity scandal that led to his divorce from Elin Nordegren? Many people are curious about how Tiger Woods was affected financially by the exposure of his multiple extramarital affairs. Forbes magazine has been tracking Tiger Woods earnings since 1996 when he turned pro. Prior to his highly publicized infidelity scandal, Forbes estimated Tiger’s net worth to be $600 million. He was the highest paid professional athlete in the world, with cumulative career earnings totaling over $1 billion. But the sex scandal cost Tiger Woods his reputation, his marriage and several key sponsorships worth millions of dollars. Now that the dust has settled, what is Tiger’s net worth today? Tiger Woods’ Post-Infidelity Financial Status Tiger’s bad behavior ended up costing him big bucks. In 2009, shortly after the scandal began to unfold, Tiger lost 3 major sponsors, Accenture, Gatorade, and AT&T. Tiger Woods Divorce Settlement with Elin Nordegren

Q&A with NBC lead golf analyst Johnny Miller Johnny Miller was one of the PGA's best golfers in the 1970s and '80s, with 25 tour victories, including two majors. His final-round 63 to win the 1973 U.S. Open, dubbed the "Miracle at Oakmont," is among the game's legendary rounds. In 1990 Miller became NBC's lead golf analyst. Miller, 63, quickly became one of the most respected and controversial analysts in sports because of his willingness to be critical, something rare on golf broadcasts. His pull-no-punches style has made him a favorite among viewers, if not necessarily among tour players. What do you see as your role on telecasts? I've always tried to just talk about what I see. It's not all about being critical, is it? I congratulate guys if they hit a great shot. That are you willing to be critical probably gives you more credibility when you do say something positive, don't you think? Absolutely. Why didn't they? Because it's uncomfortable. When you started as a broadcaster, did you see it as a long-term thing? They probably do.

The Tiger Woods scandal and celebrity endorsements A recent issue of Forbes features a full-page ad for the consulting firm Accenture with Tiger Woods striding through tall grass. The tagline reads, “The road to high performance isn’t always paved.” To which the obvious rejoinder these days is “Sometimes it runs straight into a fire hydrant.” The fact that a golfer’s marital troubles might affect the bottom line of a multinational is a relatively recent phenomenon. There is a logic to this. In other words, Woods has been presented as the embodiment of bourgeois virtues: dedication, hard work, single-mindedness. The current scandal has disrupted, if not shattered, this image of perfect control. Woods is too big a name for his sponsors to simply abandon him, even though Gatorade has discontinued its Tiger line (for other reasons, it says).

Tiger Woods and wife divorce after sex scandal Tiger Woods and the economy Tiger Woods' affair resulted in a well-publicized car crash the day before Thanksgiving 2009. How did this impact the economy? According to research by two economics professors, it cost Tiger Woods' corporate sponsors $12 billion in lost stock value. Between November 25 and December 13, companies such as Gatorade, Nike and Electronic Arts stock prices fell 2.3%, costing shareholders $12 billion. Another impact could be lower viewership once the affair made Tiger decide to sit out that season. Nielson ratings showed that viewership is 50% higher when Tiger is playing a tournament.It is difficult to estimate the total impact this will have on the $75 billion golf industry. Tiger earns close to $100 million a year from his winnings and his endorsements.

industry experts optimistic that Tiger Woods's absence will have limited economic impact There have been a lot of gloomy predictions about the impact the Tiger Woods scandal, and his self-imposed hiatus, might have on America's annual $75 billion golf economy. Many industry experts say that fears are overblown, however, and they are optimistic that whatever impact is felt will be short-lived. His absence will be felt most by broadcasters. According to research by Nielsen, TV ratings for tournaments when Woods plays are 50 percent higher than ratings for tournaments when he doesn't. Neal Pilson, former president of CBS Sports and now a sports broadcast consultant, says that Tiger's indefinite leave from competition is affecting TV advertising purchases for 2010 PGA Tour events. Pilson also says that in 2010 networks could end up making financial adjustments to advertisers who purchased spots for events where Woods was expected to play. But Woods's scandal isn't all doom and gloom for TV, even at Golf Channel. "Every sport has black eyes," Adams said.

Tiger Woods' net worth now - 10 things people are eager to know - National celebrity infidelity The latest news from the Palm Beach Post that Tiger Woods has leased an entire office building on Jupiter Island in which to relocate his business empire, has once again aroused curiosity about Tiger Woods’ net worth. People are particularly interested in knowing how much Tiger Woods is worth since the infidelity scandal that ruined his reputation, cost him a number of sponsors, and led to his divorce. Forbes magazine has been tracking Tiger Woods' earnings since he turned pro in 1996. PHOTOS: Tiger Woods Net Worth After His Divorce But what is Tiger Woods’ net worth today? There are several factors to consider in determining Tiger Woods’ current net worth - 10 of which are briefly mentioned below. 1. Contrary to popular opinion, Tiger Woods is not a billionaire. But that billion dollar figure represents Tiger’s cumulative earnings, not his net worth. 2. Normally Tiger Woods is at least $30 - $50 million ahead of the next highest earner on Sports Illustrated’s list. 3. 4. 5. 6. 7. 8. 9.

Michael Campbell: Woods scandal affecting other golfers' personal lives - National Golf Former U.S. Open champion Michael Campbell says Tiger Woods' cheating scandal has hit the personal lives of golfers on the PGA Tour. Campbell told the Sunday News in his native New Zealand wives and girlfriends of Tour players are worried their golfing spouses or boyfriends could stray just as Woods did. And the 2005 U.S. Open winner says the effect from Woods' scandal includes strained marriages and private lives for some Tour players and their families. "He hasn't done golf any favors. "I know Tiger pretty well and I'm very surprised by his actions, his wrong-doings. Campbell is one of the few fellow players to question Woods' public, televised apology on Feb. 19. "I didn't feel his speech was heartfelt," Campbell said. LIke many Tour players, Campbell is unsure when Woods will return to the circuit. "He spoke of coming back though we don't know when that will be.

The Real Losers in the Tiger Woods Scandal One family has been destroyed, and millions have lost a role model. We know that these are the victims of Tiger Woods' depraved and selfish acts, but they are not the losers. The real losers in this whole affair will be the corporate sponsors who've just dumped a golden goose after what amounts to just another bread-and-butter scandal. Yes, I know. Let's begin with the factsHere's what we know about Tiger Woods and golf: No doubt about it, the guy knows how to swing a golf club. With the possible exception of Michael Jordan, no other athlete has so dominated a major professional sport (on and off the field) as much as Tiger. Short-term thinkingWhat Tiger did was terrible and completely unacceptable. You realize it's only a matter of time before he does return to golf and does so with a serious vengeance, right? From Bill Clinton and John F. Tiger could easily be even more popular in his return to golf than he was before he left it. What were they thinking?

Tiger Woods scandal and his image So Tiger now admits to "transgressions." Plural. Whether that means both Rachel and Jaimee, or just multiple sessions with Jaimee, I don't know and I don't care. A line from the Judd Apatow movie "Funny People" springs to mind. Adam Sandler plays a comic named George, who thinks he's dying. Men are strange. But Tiger did, and now he's done what he shouldn't have to do: admit it in public, just like Bill Clinton. (An aside: I had always thought Tiger was so smart. Still, you underestimate a man's desire to have sex at your own peril. Things will be different for Tiger now. Sportswriters will be freed up, at least for a while. Not one sponsor will drop Tiger. I don't imagine he'll see Jaimee Grubbs, the cocktail waitress and alleged West Coast girlfriend, on his January trip to SoCal. Speaking slowly, a voice that sounds like Woods says, "Hey, it's Tiger. That first "please" comes out with almost pathetic urgency. I will not speculate on what this means for his home life.

Tiger Woods Car Accident: Alleged Affair, Mistress, Wife Fight (UPDATE, PHOTOS) UPDATE: Click HERE for the list of Tiger Woods' alleged mistresses -- photos, info, more! UPDATE, 1:32 AM: Rumors have surfaced that Jamie Jungers, a Las Vegas model, has been involved with Tiger Woods. Click here for possible photos of the blonde. UPDATE, 12/5 4:15 AM: Read about Tiger Woods' erotic dream -- involving an alleged mistress, Derek Jeter and Bones star David Boreanaz -- here. UPDATE, 1:01 PM: As if the Tiger Woods saga were missing any characters, Ashley Dupre, the central character of Eliot Spitzer's scandal, has shared her views to the New York Post: "Here you have all these girls accepting gifts, money, trips from Tiger in exchange for sex -- all the while knowing he is married. Click here for more. UPDATE, 12:58 PM: The daughter of Rachel Uchitel's attorney believes the alleged mistress of Tiger Woods canceled the press conference because she made a deal with Woods worth "at least a million dollars." Click here for more. Click here for more. Click here for more. More here.

Affected his Caddie Hunter Martin/Getty Images Why Do People Grow Beards When They Hit Rock Bottom? Phew! A moment of great relief has finally enveloped the casual sports fan in all of us. You are now free to... ... continue hating Tiger Woods. And given the way he treated Stevie Williams, his caddie of THIRTEEN years, it makes sense that America is once again furious at the self-dubbed "Blasian." Few of us will ever know exactly what went wrong, but we don't need the details. Tiger is wrong. Why is he wrong? There are countless ways to fire an employee that leave both parties feeling dignified—and that is before we take into account the hundreds of millions of dollars that Tiger Woods currently possesses. Does Stevie Williams deserve credit for Tiger's success? But even though every American should use this as a renewed opportunity to (justifiably) hate on Tiger, this episode is still not enough to make "real" journalists stand up and berate him. What a wussy, cop-out of a description. How's this for decency...

Golf is a game is where winning pays. The winner usually accpets a large amount of money. However, after the Tiger Woods scandal broke and him not playing in tournaments have forced the purse to lower. Tiger woods when playing in a tournament automatically raise the purse at least a milliion dollars. So other golfers are suffering for this as well. by parkerburnett005 Nov 17

Golf has a purse ammount that is awarded to winner of each individual tournament. The purse ammount can fluctuate depending on the importance of the event and players participating. When Tiger plays a tournament, the purse can increase significantly. One could see why other golfers would want him competing. His impact is felt throughout the sport when he is not playing. by adam.doyle Nov 16

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