Tiger Woods Remains Golf’s Top Earner

Failed marriage and sex scandal in all, Tiger Woods emerged as 2010's top earner in golf with his $74.2 million, a big drop from his 2009 earnings of $121.9 million. CONTINUE READING BELOW.

Posted by on Jan 1st, 2011 and filed under Sports. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

 

Los Angeles – Despite the struggles he experienced in his personal life as well as in his game, Tiger Woods still  ended 2010 as golf’s top earner.

According to Golf Digest, the sport’s second ranked player topped the list with $74.2 million. Most of them coming from endorsements and appearances with only $2.29 million generated from tournament purses.

Phil Mickelson comes in at second with $40.18 million, Arnold Palmer and Greg Norman is third and fourth with $36 million and $30 million, respectively. Jack Nicklaus rounds out the top five with $25.17 million.

After his $10 million bonus for his victory at the PGA Tour’s season-long FedEx Cup last September, Jim Furyk is at number 6 with $23.58 million. Rounding out the top ten are Ernie Els, Gary Player, Lee Westwood, and Padraig Harrington.

The overall earnings compiled by Golf Digest was based through interviews with agents, players, company executives doing endorsements as well as industry analysts as well as the official money list of the leading professional tours.

Tiger Woods’ current earnings was a far cry from the $121.9 million he earned last year. However, his failed marriage and the sex scandal he was involved in resulted to the decrease in his earnings. Tiger spent most of the year trying to work on his marriage and replacing his swing for the fourth time in his career.

The recent scandals in his life caused him his sponsorship deals with AT & T and Accenture, amounting to $35 million worth of annual revenue. After becoming a professional in 1996, Woods ended his PGA Tour season without any title and lost his number one ranking to Britain’s Lee Westwood on November 1.

In August 2010, Tiger Woods hooked up with Canadian swing coach Sean Foley after competing in the PGA Championship. Since then, his swing steadily improved and is still the biggest crowd drawer in the sports.

Tiger Woods is still earning $72 million worth of sponsorship deals with Nike, Electronic Arts, Tag Heuer, Upper Deck, and TLC Vision Centers. However, razor company Gillette recently revealed that they would no longer renew their sponsorship deal with him.

At number 39, Annika Sorenstam is the highest ranked female golfer on the list with $5.75 million. Paula Creamer and Michelle Wie are the only other female golfers on the Golf Digest magazine list with their $5.62 million and $4.88 million, respectively.

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