Skip navigation
Site powered by
Latest news:
msnbc.com: Top msnbc.com headlines: Malaysia deports Saudi accused of prophet insult

Tiger signs new deal with Nike

Terms undisclosed, but past deal was for 5 years, $100 million

Image: Tiger WoodsAP
Tiger Woods will be sticking with Nike.

Tiger Woods has signed his third multi-year agreement with Nike, according to an ESPN report.

Terms of the contract were not released, but they have been quite lucrative in the past. Woods' original contract in 1996 was worth a reported $40 million over five years. In 2001, he signed another five-year deal for a reported $100 million.

"We're obviously delighted to be renewing our relationship with Tiger," Nike Golf president Bob Wood told ESPN. "Nike is lucky to have the kind of partnership with Tiger that goes beyond a simple endorsement. He has really helped Nike Golf grow over the years through his involvement in product development, whether it is clubs, balls, apparel or footwear. In the future, we see Tiger playing a key role in continuing the strong momentum Nike Golf now has both inside and outside the USA."

Woods, who won eight tournaments this season, is expected to be named PGA Tour Player of the Year on Tuesday.

© 2012 msnbc.com

advertisement
Slideshow
Image: Snee, 8, son of New York Giants player Chris Snee and head coach Coughlin's grandson plays in the confetti after the New York Giants defeated the New England Patriots in the NFL Super Bowl XLVI football game in Indianapolis
  The Week in Sports Pictures
The Giants on top of the football world, getting ready for the London Olympics and more.

more photos

Latest golf video
AT&T Pebble Beach National Pro-Am - Preview Day
Getty Images
Will Tiger win again?
The Masters is going to be huge for Tiger Woods, but don't expect him to be the player he once was.

Slideshow
Jack Nicklaus
  Top 10 'accessible' golf courses
From California to Florida, these amazing greens are open for anyone to play.

more photos