Tiger Woods has earned hundreds of millions of dollars from his deal with Nike over the course of 27 years but announced on Monday that the partnership will come to an end
Tiger Woods announced on Monday that he will be ending his multi-million dollar contract with Nike.
The golf legend first signed a contract with the world-famous sports manufacturer in 1996 when he was still an amateur. Woods has gone on to win 15 major championships, all of which have seen him wear the Nike logo.
However, Woods and Nike both announced in statements that their respective partnerships would be coming to an end after 27 years. In the time that the agreement has been in place, Woods has earned hundreds of millions of dollars from Nike.
“Over 27 years ago, I was fortunate to start a partnership with one of the most iconic brands in the world,” Woods wrote in his statement on Monday. “The days since have been filled with so many amazing moments and memories, if I started naming them, I could go on forever.”
“[Former Nike CEO] Phil Knight’s passion and vision brought this Nike and Nike Golf partnership together and I want to personally thank him, along with the Nike employees and incredible athletes I have had the pleasure of working with along the way.”
“People will ask if there is another chapter. Yes, there will certainly be another chapter. See you in LA! Tiger.”
Tiger Woods
Joe Pompliano of Huddle Up reported that Woods’ earnings in the past 27 years from Nike are between $500 million and $660 million. In that time, Woods has signed four separate deals with Nike to remain one of the brand’s star sponsors for nearly three decades.
In 1996, Woods reportedly signed a five-year deal worth $40 million – that increased to $100 million over another five years in 2001. In 2006, Woods then agreed an eight-year extension that was worth between $160 million and £320 million. The most recent deal Woods signed was in 2013 worth $200 million over 10 years.
But how does that money compare to other sports icons who wear the brand?
LeBron James
In the NBA, LeBron James is currently one of the main stars of the sport that wears Nike.
James became the first active NBA player to be worth a billion dollars back in 2022. In terms of Nike earnings, Forbes reported in 2019 that the Los Angeles Lakers star earns $32 million per season with the brand.
Michael Jordan
Before James, Michael Jordan wore the Nike brand during his career in the 1980s and 1990s. Jordan also has the ‘Air Jordan’ brand within Nike that sees him earn millions of dollars every year.
Jordan first signed a deal with Nike in 1984 after he was drafted by the Chicago Bulls. That deal, which has been running for nearly 40 years, has reportedly seen Jordan receive $1.8 billion in total from Nike.
Roger Federer
In tennis, Roger Federer was one of the biggest stars of the sport to be sponsored by Nike during his career which saw him win 20 Grand Slam singles titles.
In 2018, Federer signed a 10-year $300 million deal with Uniqlo. Before that, Federer had spent more than two decades with Nike, with Pompliano also claiming that deal saw the tennis star earn $10 million per year – that would equate to around $200 million in total earnings from the brand.
