Golfer Tiger Woods to Renew Contract with Nike

Since Tiger became a pro in 1996, he established a partnership with Nike for a five-year deal for a reported $40 million.

tiger woodsGolfer Tiger Woods is closing in on a contract renewal with Nike. According to his agent, Mark Steinberg, the deal could keep Tiger as golf’s highest paid endorser.

According to ESPN, the current contract Tiger has with Nike is supposed to end before 2014. Tiger expects to agree to a new contract between June 13-16, after the U.S Open ends.

The renewal could possibly rejuvenate his winning ways, since he tied for 65th at the Memorial Tournament. Tiger has been a loyal sponsor for Nike for at least a decade so it wouldn’t come as a surprise if he was for another decade.

Since Tiger became a pro in 1996, he established a partnership with Nike for a five-year deal for a reported $40 million. Various industry reports had his compensation at $100 million over five years starting in 2001.

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