$74.2m Earning Makes Tiger Golf’s Top Earner
TIGER Woods has once again ended a calendar year as golf’s top earner, despite suffering a pay cut of $48 million after losing his swing and his marriage and failing to win a single tournament.
The American world number two, who celebrated his 35th birthday last week, topped Golf Digest magazine’s annual list for 2010 with overall earnings of $74.2 million.
Of that, only $2.29 million came from tournament purses with the rest accumulated off-course through endorsements and appearance fees.
Fellow American Phil Mickelson was second with total earnings of $40.18 million, followed by Arnold Palmer ($36 million), Greg Norman fourth ($30 million) and Jack Nicklaus fifth ($25.17 million). Jim Furyk, who collected a $10 million bonus for winning the PGA Tour’s season-long FedExCup in September, was sixth on $23.58 million.
Other players featuring in the top 50 included South Africans Ernie Els seventh ($21.5 million) and Gary Player eighth ($15.01 million), Britain’s Lee Westwood ninth ($14.73 million) and Ireland’s Padraig Harrington ($11.61 million).
Overall earnings were compiled by Golf Digest through interviews with agents, players, executives of companies involved with endorsements, industry analysts and also via the official money lists of the leading professional tours.
In 2009, Woods led the standings with a mind-boggling $121.9 million but his earnings have dipped following his unexpected fall from grace after being engulfed by a sex scandal.
The 14-times major champion spent much of 2010 unsuccessfully trying to repair his marriage and also undergoing the fourth swing change of his career. His troubles led such firms as AT&T and Accenture to end sponsorship deals, costing Woods up to $35 million in annual revenue.
He ended his PGA Tour season without a single title for the first time since he turned professional in 1996 and was deposed as world number one by Britain’s Lee Westwood on Nov. 1, 2010.
However, since Woods joined forces with Canadian swing coach Sean Foley after the PGA Championship in August, his form has steadily improved and he remains the biggest drawcard in the game.
He is still paid more than $60 million annually by Nike, Electronic Arts, Procter & Gamble’s Gillette, Berkshire Hathaway’s NetJets unit, LVMH Moet Hennessy Louis Vuitton’s Tag Heuer, Upper Deck and TLC Laser Vision Centers.
Meanwhile, one lucky amateur golfer will get the chance to play alongside Tiger Woods at the pro am tournament that takes place ahead of the Dubai Desert Classic in February.
Woods, who is making a return to European Tour event after a two year hiatus, often plays pro am tournaments but amateurs generally pay for their place and are not guaranteed a chance to play with the second-ranked Woods.
In the case of Dubai, there is no charge to register and the player will be part of his foursome. Anyone in the world with a “valid handicap” can register at www.golfindubai.org and the winner will be picked two weeks ahead of the Feb. 9 tournament at the Emirates Golf Club. Men must have a handicap of 18 or below and women 26.
The aim of the competition is to boost support for golf in Dubai, where tournaments routinely struggle to attract a following, especially among Emiratis. Beyond stars like Woods, the galleries for many European golfers are often in single digits and the grandstand behind the 18th hole has plenty of empty seats until the final two days. “The very intention behind having this online draw is to encourage amateurs to be part of the fun,” said Mohamed Juma Buamaim, vice chairman and CEO of the company golf in Dubai, which is organizing the tournament.