Tuesday, December 12, 2000
Tiger renews contract with
American Express
NEW YORK (AP) — Tiger Woods renewed
his endorsement contract with American Express on Tuesday, making
him a global spokesman for the company until mid-2007.
Financial terms were not disclosed.
Woods, 24, originally signed with American
Express in 1997, the year he became the youngest Masters champion
with a record-breaking performance and was voted PGA Tour player
of the year.
Golf World magazine reported the original
deal to be worth $26 million over five years.
In September, Woods renegotiated his contract
with Nike that will pay him at least $100 million over five years
starting in 2001. That brings his endorsements with 12 companies
to about $54 million a year.
Along with appearing in print and television
ads, Woods has conducted clinics for American Express after each
of the three World Golf Championships this year. The last one
was on a specially designed course at Hyde Park in London last
month.
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