Tiger Woods has
many endorsement deals, but the ones that will be the hardest hit are the
companies that stand to benefit from Woods when he’s out on the course.
In order to get an
estimate as to how much would be lost, I called Eric Wright of Joyce Julius & Associates, a firm that breaks down logos on the
field of play and translates it into equivalent television advertising time.
Assuming that Woods
would play in nine more tournaments, and conservatively betting that Woods
would win four of them, Wright estimated that lack of having Tiger’s
swooshes out on the course would result in $65 million to $75 million worth
of lost exposure.
Since Buick is on
Woods’ bag and occasionally gets into the shot while he’s playing,
Wright said Finally, since doing a deal with Gatorade, Woods has been
chugging it out on the course. The shots where Woods actually has drink in
hand are rare, but Wright says Gatorade will miss out on about $2 million in
exposure with Woods being off the course.