His contract with the sports giants comes up for renegotiation every six years. In 2001, he signed a five-year extension that was believed to have been worth $100 million. Woods' current deal with Nike was signed in 2006. He made $60 million in endorsements. It took several years for balls and clubs to enter the … Tiger Woods’ deal with Nike was $40 million for five years. | Reasons for Tiger Woods to be optimistic at the upcoming majors, Jon Rahm has World No 1 ranking snatched away from him as Patrick Cantlay wins Zozo Championship, Rory McIlroy finds form at the Zozo Championship with Augusta looming, Bryson DeChambeau unveils frightening display of power in build up to the Masters, Furious Rory McIlroy snaps iron clean in two after missing green in first round of Zozo Championship, England’s oldest golf club forced to move entire fairway inland due to coastal erosion, Phil Mickelson could ditch Houston Open in favour of seniors event if fans are permitted, Tyrrell Hatton can continue purple patch at Zozo Championship and become highest-ranked Brit, Matt Wallace displays Ryder Cup credentials, ending poor run to take control of Scottish Championship, Martin Laird wins PGA Tour's Shriners Hospitals for Children Open in Las Vegas after play-off, Tyrrell Hatton snaps up PGA title at Wentworth with a little motivation from his younger self, Charley Hull finishes strongly but no one can touch runaway winner Sei Young Kim in the Women’s PGA Championship, Charley Hull and Jodi Ewart Shadoff face gargantuan task to end Britain's 23-year wait for a major on American soil. He has been with Nike since turning pro in 1996, when he signed a five-year deal for a reported $40 million. Steinberg would not disclose financial terms or length of the contract. ", Steinberg said last month, when he acknowledged a new deal was imminent, that he felt "confident [Woods] will be with Nike for the rest of his career.". Ronn Torossian, chief executive of New York public relations firm 5WPR, estimated Woods’s worth increasing by $20 million this year. We look forward to sharing many more of the exciting awe-inspiring sport moments that Tiger is known to create in golf. He has been with Nike since turning pro in 1996, when he signed a five-year deal for a reported $40 million. He said Woods’s 15th major “has two effects”. Woods remains the highest earning player in golf, according to the Golf Digest 50. Why Nike stands by Tiger Woods but dumps Lance Armstrong. You need to be a subscriber to join the conversation. Tiger Woods signed his fourth golf endorsement agreement with Nike Inc., the world’s largest sporting-goods company. He was outfitted with shoes and clothing. It is the fourth contract Woods has signed with Nike, the first a $40 million, five-year deal he signed on the eve of his professional debut in the Greater Milwaukee Open in August of 1996. That's a workout and a golf shoe in one. Shortly after Woods’s triumph at Augusta, Nike shared a new advert, “Never stop chasing your crazy dream”, paying tribute to his feat, and marketing bosses claim the brand will be desperate to keep hold of the star. Become a Nike Member for the best products, inspiration and stories in sport. "We are thrilled to continue our partnership with Tiger," said Cindy Davis, president of Nike Golf, in a statement released to ESPN.com. Woods uses 14 Nike clubs and is expected to use a new Nike Covert driver in the British Open. Following the Memorial Tournament in June, Woods told ESPN.com that "it was just a matter of time" before the contract would be signed. "We are thrilled to continue our partnership with Tiger," Cindy Davis, president of Nike Golf, said in a statement. The current contract was for seven years. Essentially, his main job was a … In addition, Hollywood filmmakers are expected to come in with offers to chronicle Woods’s recovery from 1,199th in the world rankings, having been close to quitting as he was treated for sex addiction and arrested at the wheel of his car with a cocktail of drugs in his system.