Woods renews contract with American Express
New York 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.
SI names Woods Sportsman of Year
New York Tiger Woods is Sports Illustrated's "Sportsman of the Year" the first two-time recipient in the 46-year history of the award.
Woods completed a career grand slam and won three of four majors in 2000. He also received the honor in 1996 after making a spectacular transition from amateur golf.
It marked the sixth time a golfer has received the award.
Woods, who will be 25 on Dec. 30, will appear on the cover of the Dec. 18 issue.