Woods, with his golf game in ruins and his personal sex scandal and divorce still fresh in everyone's thoughts, is obviously not the marketable icon he once was. The extent of that downfall was examined by Daniel Roberts of Fortune, and it doesn't paint a green picture for Woods.
"Now he may actually be hurting for funds," Roberts wrote, saying Woods' endorsement money for 2011 could be close to $20 million. "At the very least, there are signs that he isn't generating enough to comfortably cover his costs."
The story says that Nike cut Woods' payment significantly for two years as punishment for his "public behavior," though Nike offered the magazine no comment.
The report estimates Woods got paid somewhere between $3 million and $4 million for his Japanese endorsement, which led to his there-is-no-way-this-is-real commercial, as seen here:
Despite this apparently desperate money grab, Woods' agent denied any financial problems.
"Tiger Woods is financially sound and strong, contrary to wide-ranging rumors and inaccurate figures in the media," Steinberg told Roberts. "Stating anything else is incorrect and factually baseless."
However, the report details that with Woods' reported $100 million divorce settlement and the roughly $10 million he owes on his mortgage, plus the fact that injuries are keeping him from competing on the golf course, the financial situation for Woods is anything but strong.
For Woods, who hasn't won a tournament since 2009, it's time to practice on that private facility, before he ends up on Repo Games.
