Tiger Woods Loses Magazine Deal
Jan. 6 2011, Published 11:31 a.m. ET
More than a year after the Tiger Woods cheating scandal broke, RadarOnline.com has learned the shamed golf star has lost his 13-year endorsement deal with Golf Digest.
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“We appreciate the insights Tiger has provided to our readers,” Chairman and Editor-In-Chief of the magazine, Jerry Tarde, said in a statement.
According to reports, there was a disagreement on how many hours Woods could devote to his involvement with the publication, which he was paid an estimated $2 million a year for.
“The reality is his deal was up at the end of the year,” his agent Mark Steinberg said.
“Because we’re living in this digital world, they needed more time from him. He wasn’t ready to commit to any additional time at this point with everything going on – trying to work on his swing and other things.”
As RadarOnline.com previously reported, the golfer was dropped by Proctor & Gamble just two weeks ago; a company for which he promoted their Gillette razors and shaving products.
A number of endorsement deals were lost by the adulterous athlete during the height of his scandal, including Gatorade, GM and AT&T.
Woods’ last column in the golf magazine will be featured in their February issue.
“I enjoyed my relationship with Golf Digest, but we have decided it’s now time for a break,” Woods said in a statement released by the publication.
“I wish my friends at Golf Digest continued success.”
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