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GOLF REPORT -- WOOD RESTRUCTURES HIS DEALS WITH NIKE, TITLIEST
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GOLF REPORT -- WOOD RESTRUCTURES HIS DEALS WITH NIKE, TITLIEST
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Newspaper Article
GOLF REPORT -- WOOD RESTRUCTURES HIS DEALS WITH NIKE, TITLIEST
1999
Overview
[Tiger] Woods' original five-year contract with Beaverton-based Nike, signed in 1996, was for $40 million. Since signing that eye-popping deal, Woods won the 1997 Masters and this year's PGA Championship, reached the world No. 1 ranking and raised public consciousness throughout the world about the sport of golf. Woods also has a contract with Titleist to play its clubs and balls, and Titleist officials felt the TV spots created the impression that Woods was endorsing Nike's golf ball. Titleist sued Nike on June 25 in U.S. District Court in Boston, alleging the ads violate Woods' exclusive contract to endorse Titleist balls and clubs.
Publisher
Columbian Publishing Company
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