Off the Course, Woods Is Shooting 100

It’s getting so Tiger Woods is becoming vastly underpaid for his weekend work, when compared to his compensation for those days he isn’t playing in PGA Tour tournaments.

Woods tops the PGA money list with $1,360,750 after finishing fourth at the Colonial over the weekend, and he reportedly picked up a nice $333,333 in unofficial funds for shooting a 65 Monday to win the Mystic Rock Charity Pro-Am at Farmington, Pa..

But even that is relatively small change.

An announced endorsement of the product of luxury watchmaker Rolex on Tuesday finishes a round number for Woods, only nine months removed from amateur status. He has broken 100--going in the other direction.

A deal with Rolex to be the global spokesman for its Tudor line of luxury watches--and to have a watch named after him--will net Woods a reported $7 million over five years, according to Brandweek, a trade magazine.

That includes both endorsement fees and royalty payments.

His other endorsement contracts, also over five years, will net about $93 million.

Jack Nicklaus and Arnold Palmer have endorsed the Rolex watch in the past, but neither has had a watch named after him.

Woods has won five of the 17 tournaments he has played as a pro since August, including the Masters.

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Woods’ Portfolio

ENDORSEMENTS

Nike: 5 years $43 million

Titleist: 5 years $20 million

American Express: 5 years $30 million

Rolex: 5 years $7 million

Total: $100 million

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PGA EARNINGS

1997: $1,360,750 (1st)

Career: $2,151,344 (105th)

Note: Money figures are best estimates of various trade publications and in some cases can vary, depending on endorsed product sales.