Archive for Wednesday, December 13, 2000

Briefs

December 13, 2000

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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.

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