This just hit the wire ... and I about hit the floor.
http://www.examiner.com/x-46804-Golf-Examiner~y2010m6d30-Tiger-Woods-div...
...talks about how UConn hasn't been in contact and how they're out. (HT: UMHoops)
OT: Tiger Woods Divorce Settlement: $750 Million
June 30th, 2010 at 9:11 PM
#1
OT: Tiger Woods Divorce Settlement: $750 Million
June 30th, 2010 at 9:16 PM | 
If She Does
If She Does
July 1st, 2010 at 3:02 PM |
Forget Elin
Forget Elin
For that much money, I'D have married Tiger.
"I love him, he's a great coach, he's a great mentor, he's a great friend. He's every single thing you want a college coach to be, and he does it flawlessly." -David Molk
June 30th, 2010 at 9:14 PM |
jeez
jeez
I wish I were lucky enough to get a divorce.
Brady...Hoooooooke!
June 30th, 2010 at 9:18 PM |
You know there are kids
You know there are kids
You know there are kids involved in the divorce, correct?
Are you a park ranger at Yellowstone? Say hi to Yogi Bear for me. - the_big_house 500th
I may not be a 70 year old man. - Herm
June 30th, 2010 at 9:46 PM |
pittsburgh sucks
pittsburgh sucks
pittsburgh sucks
"For every complex problem, there is a solution that is simple, neat, and wrong." -H.L. Mencken
July 1st, 2010 at 11:17 AM |
I concur
I concur
I concur
Janeane Garofalo (Film Actors Guild): "As actors it is our responsibility to read the newspaper, and then say what we read on television like it's our opinion"
June 30th, 2010 at 9:18 PM |
And now...
And now...
...you have the price tag for Tiger's years of serial philandering. That's a staggering sum.
Elin has to keep quiet, eh? I'm sure she's crushed she won't get to go on Oprah to tell her tale of woe while she hawks a tell all.
LSA '89 - MBB Natl Champions, Big 10/Rose Bowl Champions | @MGoShoe
June 30th, 2010 at 9:21 PM |
Payoff to Remain Quiet
Payoff to Remain Quiet
I wonder what he really wants her to remain quiet about. It can't be just the cheating with women, because she probably doesn't know all that much and most of it is already out.
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson
June 30th, 2010 at 9:28 PM |
agreed
agreed
i wondered that exact same thing
yep yep
June 30th, 2010 at 9:33 PM |
Maybe he just doesn't want
Maybe he just doesn't want
Maybe he just doesn't want her to talk publicly about the divorce period to put an end to it all (publicly.)
Touchdown Michigan!
June 30th, 2010 at 9:35 PM |
OK
OK
Sure, it will keep her from talking, but it won't put an end to this. How many women are out there with their own story to tell? And who else -- bodyguards, others?
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson
June 30th, 2010 at 9:59 PM |
Have you read the text messages?
Have you read the text messages?
Tiger's a freak, but like a really awkward dorky freak. I wouldn't be that surprised if he was up to some real kooky shit.
Hide ya kids, hide ya wife.
June 30th, 2010 at 10:22 PM |
I completely agree. And to be
I completely agree. And to be
I completely agree. And to be honest I think it's awesome.
June 30th, 2010 at 11:59 PM |
That just made me think of this.
That just made me think of this.
June 30th, 2010 at 11:07 PM |
Most of it is already out now...
Most of it is already out now...
But the money is to keep her from talking to Oprah about how most of "It" was all the way in while he was cheating.
Flush twice - it's a long way to Columbus.
June 30th, 2010 at 9:32 PM |
Tiger's Golf Game
Tiger's Golf Game
Having this number bouncing around in your head the past couple months would affect anyone's golf game.
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson
June 30th, 2010 at 9:34 PM |
If I was Tiger....unless
If I was Tiger....unless
If I was Tiger....unless I had a graveyard of money grubbing whores in my backyard, I would have kept my $750 million and told her to say 'hi' to Oprah for me.
June 30th, 2010 at 11:19 PM |
Speaking of Antonio, I
Speaking of Antonio, I
Speaking of Antonio, I actually got to speak to his Dad recently. He seems to be doing great and his little brother is looking to be a stud too!
June 30th, 2010 at 9:42 PM |
How Much Is $750 Million?
How Much Is $750 Million?
As a bit of financial perspective, Madonna is estimated to be worth $350-$400 million and Michael Jordan is estimated to be worth $400-$500 million. So, Elin can just about buy them both!
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson
June 30th, 2010 at 9:47 PM |
ho...ly...shit.... That is
ho...ly...shit.... That is
ho...ly...shit.... That is staggering. I mean he's made around a billion probably through endorsements and winnings but, wow. That is incredible. I can't even wrap my head around even having that much money ever. And that is money he has to give up! He's gotta be pretty pissed (understatement of the century) that he loses out on soo much that more athletes than not are involved in themselves. That is obviously not me endorsing what he did, it's just stating fact.
Robinson also packed snow into a plastic bag for his return flight.
"Melted on the plane," he said.
June 30th, 2010 at 10:02 PM |
She could take it all and Tiger would be just fine
She could take it all and Tiger would be just fine
Shit, he's already won $700K in 5 events hacking it up. Finish the year with around $1.7-3 Million and 10X that in off course revenue.
The man is a money-making machine.
Hide ya kids, hide ya wife.
June 30th, 2010 at 10:14 PM |
Correction
Correction
The man WAS a money making machine.
Going from 1.7 Billion to 1.7 Million isn't exactly "just fine."
June 30th, 2010 at 10:25 PM |
To paraphrase Chris Rock re:
To paraphrase Chris Rock re:
To paraphrase Chris Rock re: O.J. Simpson:
"If you're makin' $10million and your wife gets half you're fine. You can still eat. Now if you're making thirty thousand and she wants half you might have to kill her"
July 1st, 2010 at 10:32 AM |
"I don't agree with what he did ...
"I don't agree with what he did ...
... but I understand."
June 30th, 2010 at 11:33 PM |
$1.7M
$1.7M
Isn't peanuts. Plus, that's just on-course money. Top-tier PGA Tour pros pay their taxes with their tournament winnings.
A single man could live pretty well off that. Plus if he gets his game back together none of this will matter and he'll be back to $80+M a year.
Hide ya kids, hide ya wife.
July 1st, 2010 at 11:47 AM |
I don't know. Most of his
I don't know. Most of his
I don't know. Most of his income wasn't from prize money, it was from endorsements, and I think those deals have taken a bit of a hit as a result of his shenanigans.
"...what do you say, is it the new Bluesmobile or what?"
"Fix the cigarette lighter."
June 30th, 2010 at 10:20 PM |
If he wasn't smart enough.
If he wasn't smart enough.
If he wasn't smart enough to get a pre-nuptuial agreement, then he deserves to lose 750 million. If you have that kind of money and don't get one you're just not that bright.
I've never watched "Rudy" because I can't stand notre dame.
June 30th, 2010 at 10:26 PM |
They Did Have A Prenup
They Did Have A Prenup
My understanding is that, under the prenup, Elin would have gotten something like $20 million. But prenups often have clauses that make things much more expensive in the case of infidelity -- not this expensive, but more than the base number of $20 million.
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson
June 30th, 2010 at 10:51 PM |
Leverage
Leverage
The original prenup was apparently a sliding scale and the $20 million was after 10 years of marriage. They were married in 2004. If the $750 million is correct, she must have some serious leverage on him.
June 30th, 2010 at 10:42 PM |
Even if they did have a
Even if they did have a
Even if they did have a prenup: 1) that doesn't necessarily include child support; and 2) that doesn't mean the terms couldn't be negotiated if Tiger truly was concerned about confidentiality, as is being reported.
"Come on, you Wolverines!"
June 30th, 2010 at 10:22 PM |
Child Support; Estate Planning
Child Support; Estate Planning
Maybe this figure is inclusive of all child-support and there is some sort of estate planning benefit to doing it this way. It might be cheaper after-tax to transfer a large sum of wealth to the kids now as part of this settlement than pay monthly child support until the kids are 18 and then transfer the remainder of Tiger's wealth to the kids upon his death. Upon death, the transfer would be subject to massive estate taxes (over 50% in the U.S. and possibly even higher in Sweden).
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson
June 30th, 2010 at 10:23 PM |
Those were some expensive
Those were some expensive
Those were some expensive pieces of ass.
"I don't see how having someone piss on my face is going to help me sell Lou Ferrigno's house."
June 30th, 2010 at 10:30 PM |
Understatement
Understatement
And my guess is Bill Gates is not cheating on his wife.
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson
July 1st, 2010 at 5:02 PM |
Really?
Really?
I've heard that he and Warren Buffet love to go clubbing in Omaha after a rousing session of backgammon, sometimes staying out past 11:30.
... Not!
Taking it one week at a time
June 30th, 2010 at 10:27 PM |
I'll flat out say this isn't
I'll flat out say this isn't
I'll flat out say this isn't true. TMZ breaks stories like this, while the Examiner makes them up.
June 30th, 2010 at 10:43 PM |
Math genius here.
Math genius here.
Lets assume he was unfaithful during his short marriage a total of 75 times. That works out to costing him $10 million dollars an episode.
I bet he is having a touch of buyer's remorse.
July 1st, 2010 at 9:42 AM |
going further
going further
Let's assume (wrongfully) that he and Elin scrumped every night for 7 years. By my math, she cost $293,000 every time he romped on her.
Biz hundert azoi ve tsvantsik
July 1st, 2010 at 10:42 AM |
sooo, taking that even further
sooo, taking that even further
I'd have jumped in for a night for $300k. I'd probably get a t-shirt that says "I went gay for $300k".
Biz hundert azoi ve tsvantsik
June 30th, 2010 at 11:04 PM |
Wow, not bad for six
Wow, not bad for six
Wow, not bad for six years of "work"....
HOKEAMANIA RUNNIN' WILD
Formerly, TheLastProphet
June 30th, 2010 at 11:38 PM |
Unreal
Unreal
How has he earned that much? The man's 34. I assume it's almost entirely from endorsements - what is Nike paying him?
June 30th, 2010 at 11:54 PM |
Nike (obviously), Tag Heuer,
Nike (obviously), Tag Heuer,
Nike (obviously), Tag Heuer, Buick, EA Sports, and on and on and on...
Several have dropped him, but the big ones, Nike and his TW video games are untouchable.
"I don't see how having someone piss on my face is going to help me sell Lou Ferrigno's house."
July 1st, 2010 at 4:29 AM |
$110 Million Per Year
$110 Million Per Year
Tiger was reportedly bringing in $110 million per year before this situation hit the fan. His Nike deal alone is $30 million per year and his video games (e.g., Tiger Woods Golf) are another $10 million. I am guessing he makes $10 - $20 million per year in earnings and appearance fees (e.g., he regularly gets $1 - $1.5 million to show up for selected non-tour events and $3 million to show up at the Dubai Classic). Those are the relatively safe items that we know about and they total $50 - $60 million per year. Add to that his income from any number of smaller endorsements and other businesses (e.g., golf course design and consulting) and, despite several lost high profile endorsements, Tiger is still generating a considerable amount of coin.
July 1st, 2010 at 12:35 AM |
Consider the source
Consider the source
Consider the source on this one - haven't seen it yet in the MSM
$750mil is a seriously outsized number
July 1st, 2010 at 3:50 AM |
Sources Definitely Not Top Tier
Sources Definitely Not Top Tier
The Boston Herald, Denver Post and Fanhouse have run with the story, with two of them giving a range of "$750 - $833 million", but you are correct that it has not been reported by anyone close to the level of the New York Times or Washington Post. It also is not being reported yet on ESPN.com, but it was reported on Rivals Radio. Some speculation is that the higher profile outlets are trying to wait at least until the divorce papers are filed before jumping in.
Edit: Fox Business has also reported the news. Here is the video clip ...
Note: Fox News is owned by News Corporation, which also owns the London Sun, the newspaper that is the primary source for the story.
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson
July 1st, 2010 at 2:57 AM |
Random question: That number
Random question: That number
Random question: That number is in total compensation for her, clearly. Does anyone know the breakdown- i.e., as in, if there are annuities or trusts involved, or how it relates to the present value of cash, etc.
All I am saying is that, Tiger is worth around a billion. And I am certain about 90 percent of that is in illiquid, non-cash assets. Simply, he doesn't have that much cash to put in her bank account. He has assets. I'm just curious of the structure. I'd be willing to wager that this OMG 750MIL number is, though factually true in terms of net present value of his holdings, not entirely...telling the entire story. I'd imagine it involves signing certain illiquid assets over to her with book values that may/may not be correct/easily valuable.
July 1st, 2010 at 5:57 AM |
Absolutely Agree
Absolutely Agree
The reports say Elin will get their main home in Florida and a property they own in Sweden and I am sure those properties and other non-liquid assets are encompassed within the $750 million figure. I also expect that this is not just the settlement with Elin, but it includes child-support or a bulk sum in lieu thereof (and possibly more for estate planning purposes) to be placed in a trust for the kids.
Unfortunately, I have not seen anything that breaks down the $750 million figure in any detail. Also, while court documents generally are public, I expect Tiger and Elin will seek to have the documents in this case sealed and use the kids as the justification for doing that. If they are successful, we may never know the exact breakdown and structure (or, for that matter, even the amount) of the settlement. Nonethless, Tiger reportedly earns in the neighborhood of $110 million per year (some reports say it has fallen to about $80 million with the loss of endorsements), so it is reasonable to expect that he can deliver a significant amount in cash even if he has to borrow the money against future earnings. If I were Elin, I would insist on as much as I thought I could reasonably get in cash.
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson
July 1st, 2010 at 9:13 AM |
Woods
Woods
Short of her having film of Woods having sex with dead, underage boys while drinking the blood of kittens and puppies...what could she POSSIBLY say that would be worth $750 million?
Thanks to the Howard Stern Show (who interviewed several of the mistresses), we know that Woods likes "vigorous" sex with blondes that have large breasts. Well...welcome to Earth, TW. So does about half of the planet.
The divorce rate in this country is about 50 percent. The standard for acceptable behavior from athletes is so IMPOSSIBLY low, I can't imagine Woods failed to meet it. Leonard Little killed a woman.
$750 million seems a little high.
July 1st, 2010 at 11:59 AM |
Since You Asked
Since You Asked
I can think of one fairly obvious thing Elin could say that Tiger might pay an awful lot of money to keep secret ...
http://sports.espn.go.com/golf/news/story?id=5344191
July 1st, 2010 at 3:26 PM |
Boom
Boom
TMZ'd
BTW, I don't follow this stuff at all, I am just marrying a very big gossip. I just get hit with the crossfire and pick up on all of this. I'm sure by now, she knows more about practice-gate than Rosenberg.
... sign me up. She can clearly afford two and I will become anything she wants.
"I didn't do it. Nobody saw me do it. You can't prove anything." B. Simpson