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No more BUICK for Tiger
GM ends 9-year endorsement deal with Tiger: November 24, 2008
DETROIT (AP) - General Motors Corp. said Monday it is ending its nine-year endorsement deal with golf superstar Tiger Woods as the automaker continues to cut expenses and hoard cash while trying to survive the worst sales downturn in a quarter-century.
The cash-strapped company said in a statement that it is looking to reduce costs, and that the world's No. 1 golfer also wants more personal time as he expects his second child.
Woods has endorsed GM products around the world and mainly has been seen in Buick commercials as the company tried to give the nameplate a more youthful image. He has carried the Buick brand on his golf bag since 2000, and his most recent promotion was to caddie for a contest winner for nine holes at Torrey Pines, where Woods won the U.S. Open this summer for his 14th career major.
The endorsement deal, believed to be worth at least $7 million a year, was to end in 2009. Woods' agent at IMG, Mark Steinberg, said the decision to end the relationship one year early was "absolutely mutual."
What's $7 million a year more or less for Tiger??? Pocket change LMFAO!
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Yeah no biggie for him, but man, seems like the people who have tons of money get even more for this and that or they get free stuff everywhere they go
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Yup money will never be a worry of his.Just imagine the guy is real smart,Stanford right?I would have to believe he's invested well, got lots coming in and wife wasn't hurting either.I figure he will be a billionare soon, at least within a few years.
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Yeah, wife must be the highest paid baby sitter EVER lmfao!
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I'm thinking with all USA car mfg. going belly up that a Euopean automaker will jump on this opportunity. Who do you think will offer? I'm all for Rolls:D
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No she and her identical sister are real sucessful supermodels, if ya didn't know.Plus her family is real well to do.I look for Tiger to start scaling back, another baby on the way.