Jump to content
IGNORED

Even in mediocrity Tiger is still the most talked about golfer. Interesting $$$ article inside.


Note: This thread is 3632 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

Recommended Posts

I found this article interesting on Tigers earning per round in his career:

http://www.cnbc.com/id/44089967

Quote:
Tiger Woods is having an awful year.

In the six tournaments he has completed, he has finished in an average position of 23rd.

How badly is that hurting his bank account?

In order to compensate for the actual amount of work he has done over his 16-year career, we added up his on-course earnings and divided it by how many total rounds of golf he played that year.

The results?

In 2011, Tiger Woods is making $25,743 per round. The only year he has made less was his rookie year in 1996. That year, he earned $24,113 per round. That's not to say Woods played any better. His average finish for the half of a year he played was 11th, but total prize money for the PGA Tour that year was not even $70 million. This year, total prize money is $288 million.

If Woods finishes in 28th place or worse at this week's PGA Championship, he'll fall below his earnings per round from his rookie season, the only other year where he made less than $1 million

Tiger Woods' Earnings
Year Money Earned Rounds $ per Round
2011 $656,459 25 rounds 1/2 rounds $25,743 per round
2010 $2,169,330 58 rounds $37,402 per round
2009 $11,198,163 73 rounds $153,399 per round
2008 $6,196,717 30 rounds $206,557 per round
2007 $12,370,706 71 rounds $174,235 per round
2006 $13,057,699 76 rounds $171,812 per round
2005 $10,862,933 87 rounds $124,862 per round
2004 $7,941,272 88 rounds $90,242 per round
2003 $7,606,528 83 rounds $91,645 per round
2002 $9,017,189 87 rounds $103,646 per round
2001 $7,761,661 94 rounds $82,571 per round
2000 $11,434,480 105 rounds 108,900 per round
1999 $7,681,765 97 rounds $79,193 per round
1998 $2,874,757 92 rounds $31,247 per round
1997 $2,440,832 92 rounds $26,531 per round
1996 $940,420 39 rounds $24,113 per round

Link to post
Share on other sites



Originally Posted by glock35ipsc

Can you imagine having that kind of income, and STILL needing to get a mortgage for your house?



I don't think he NEEDED to get a mortgage.

Link to post
Share on other sites

Mortgages are one of few deductions that apply regardless of income.  It's foolish to use your own cash to buy a house when banks are offering 30 year loans at fixed interest rates of 4% and you get to deduct the interest paid from your taxes, it's as close to free money as you can get.  Plus with smart investing you can then take the money you would have paid in cash for the house and invest it make even more money.

Link to post
Share on other sites
Awards, Achievements, and Accolades

Pay the bank $10,000 in interest so I don't have to send the government $1500 in taxes?  Nah, I like my paid for home and having all my cash to invest.  I have the $$ to invest because I don't have....... payments!

But I doubt that something Tiger mulls over too much.  He has yes men to do that for him I'm sure.

Anywho, back on topic.  I wonder what his total annual income was including the endorsements?  Or lack thereof, after losing several, compared to years past.

Link to post
Share on other sites


Last year he made $75 million. In the few years previous to that he was raking in over $100 million per year.

Originally Posted by glock35ipsc

Pay the bank $10,000 in interest so I don't have to send the government $1500 in taxes?  Nah, I like my paid for home and having all my cash to invest.  I have the $$ to invest because I don't have....... payments!

But I doubt that something Tiger mulls over too much.  He has yes men to do that for him I'm sure.

Anywho, back on topic.  I wonder what his total annual income was including the endorsements?  Or lack thereof, after losing several, compared to years past.



Link to post
Share on other sites



Originally Posted by glock35ipsc

Pay the bank $10,000 in interest so I don't have to send the government $1500 in taxes?  Nah, I like my paid for home and having all my cash to invest.  I have the $$ to invest because I don't have....... payments!

That's not how it works though. Newtogolf is correct:  If someone's paying the bank $10,000 in interest it's because they *didn't* pay $300,000 cash (for example) for their house. That $300,000 can theoretically be invested at a rate much better than the rate they're paying on the mortgage, especially when you add in the deductions.  That's why any financial adviser will tell you to invest any extra cash elsewhere rather than paying down a low-interest mortgage.

(And not that it matters, but $10,000 in interest payments on a mortgage works out to about a $3-4000 deduction btw, depending on your bracket.)  EDIT: ...and your state.

  • Upvote 1
Link to post
Share on other sites



Pretty sure everyone is aware of that fact. The article did state on course earnings.

Originally Posted by Gioguy21

keep in mind the numbers listed to NOT include sponsorships.



Link to post
Share on other sites



Originally Posted by shades9323

Pretty sure everyone is aware of that fact. The article did state on course earnings.


oh well thanks shades, i was just stating it in case anyone wasn't as wise as you. sorry about that

Link to post
Share on other sites


No need to be smarmy. It isn't about being "wise", it is about actually reading what was posted. I assume everybody on a golf forum online can read.

Originally Posted by Gioguy21

oh well thanks shades, i was just stating it in case anyone wasn't as wise as you. sorry about that



Link to post
Share on other sites

i think if we were looking at his total dollars made per round you have to look at the overall picture of his wealth and not JUST his earnings through tournaments.

Link to post
Share on other sites


That's the rub.  We AREN'T talking about total dollars per round. That isn't what the article(i.e. the discussion) was about. The article was specifically about his ON COURSE earnings.

Originally Posted by Gioguy21

i think if we were looking at his total dollars made per round you have to look at the overall picture of his wealth and not JUST his earnings through tournaments.



Link to post
Share on other sites


this is a quivel really, understood that the thread was about his earnings regarding his on course winnings, i feel as tho it's not a full representation as to how much he actually has made over his career, to better illustrate how his 'mediocrity' is still very well greater than most of those on tour. my point was also that the article, although trying to show how Tiger is seemingly sliding off the map in terms of finances (money earned per round in this case by winnings), doesn't give the reader a big enough picture to see just now much Tiger has lost over the last few years due to injury, swing changes, personal life downfalls, etc. Although it's a good article to demonstrate how 'even in mediocrity Tiger is still the most talked about golfer', i was saying there's more to the whole picture. sorry shades but i was only trying to emphasize the fact that this discussion was only including a small portion of his finances, ie talking about a golfers golf game and only mentioning/talking about the way he chips.
see below:

http://content.usatoday.com/communities/gameon/post/2011/06/tiger-woods-still-ranks-as-top-earning-us-athlete/1

http://www.databasegolf.com/players/playerpage.htm?samid=WoodsTig01

*Note* i couldn't find a total listing of all earned sponsorship dollars for his career, and as seen above, even for someone who's 'mediocrity' is better than any other professional athlete as of this year

Originally Posted by shades9323

That's the rub.  We AREN'T talking about total dollars per round. That isn't what the article(i.e. the discussion) was about. The article was specifically about his ON COURSE earnings.



Link to post
Share on other sites

Let me say two things:

1. The house was mortgaged with the note holder being Elin(!) as a way TWoods could get 50-60 million to her and in the process have it "secured."

2. Gio maybe the total earnings are important to you, but your focus is a bit odd to me.  You leave out his capital gains!  As well as gains yet unrealized in assets which have appreciated.  And tournament appearance fees.  Of course, these are not published but any accountant would deal with them for the TOTAL picture, but for whatever reason you have been silent about including them when seeking out your version of TOTAL INCOME.

Furthermore, just with the figures we have, we all know his off course income dwarfs his on course, and would be over a million "per round"..but to me, if he made 100 million off course, and 100 million the next year, then a "fairly interesting" variation (for most people) comes about due to his playing performance, which is what this list mainly provides.

Have a good day, and keep it in the short grass.

Link to post
Share on other sites

Note: This thread is 3632 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



  • Want to join this community?

    We'd love to have you!

    Sign Up
  • Support TST Affiliates

    TourStriker PlaneMate
    Golfer's Journal
    Whoop
    SuperSpeed
    FlightScope Mevo
    Use the code "iacas" for 10% off Mevo and the code "iacasjun21" for 10% off SuperSpeed.
  • Posts

    • Day 153.  Before grocery shopping, I stopped at a putting green and worked for half an hour on 3' and 30' putts.  The end of the 3' practice included taking 17 shots to finish all 12 for my clock drill (not great, but not as bad as a month ago) and the 30' finished with my final six putts from 30' (due to this green, they weren't significantly different on the clockface, so I'm still getting a similar read, but I know better than to assume it.  And of course, I had to hit them the right speed) with a total of 11 strokes (five 2-putts and I also sank one). After lunch and before gym, I did the quarantine days 9 (again, with feedback from yesterday) + 10 (which took a while to get right... I'm not even sure I got it right, video to show up later today). Addendum:  I haven't figured out my trigger for the day 10 practice plan.  That's going to take me a bit more thought
    • MD: 89 (Black/Orange combo tees): 89. Up and down sandy on 17th was nice. One of my better sand shots of the week.  SV: 98 (Black tees).. Tough day. Bit too much of a course for me from black tees. Drive on 18 uphill was a bright spot that stood out though.  SV: 89 (Orange tees).. phew.. much better. 2nd shot on 16 uphill from 198 out over bunker with a borrowed 3 iron (thanks @DeadMan.. :-)) that dropped and stopped within a two feet for a kick-in might be the shot of the week for me.  LL: 92, 92 back-to-back on the same day. Tried my darndest hard to break 90 but couldn't twice. Best shot 8 iron on 7th par 3 from 155 for a bird.  Lac La Bell: 107. Forgettable day score-wise except for holes 15-16 where I finally hit couple of good drives.  
    • Pretty amazing for a $500 box. Close enough for me.  
    • I played roller coaster golf. This is going to be a lengthy recap. I’m not expecting people to read through the whole thing; it’s more for my own entertainment purposes to go back over some of these holes. Day 1 (Sandbox and Mammoth Dunes) I made par on #16 at SB by hitting a PW as hard as I could to the front of the green and then putting from there to 8’ from the back hole location. The hole was 170 from the tee and the longest club I had was PW. It sounds a lot easier in writing than it was. I didn’t play that well at MD. Probably hit a few good drives, but I don’t remember doing anything remarkable. Day 2 (SB and Sand Valley) Made birdie on #7 at SB. Teed off with putter, hit it to 3’. Hit an 8i on #16 at SB to 8’. It’s a Redan and I hit a fade. @DaveP043 showed us how it’s supposed to be played by hitting a draw to the front of the green and letting the ball roll up to the hole about 6’ away. Didn’t play well at SV on the first round, but I hit some good drives and made a few pars, including on #18 where I hit driver-3w into the sand area to the right of the green, hit a 30 yard blind sand shot just off the green and made par from there. Day 3 (SB and SV) Birdied #7 again at SB. Again teed off with putter but not great, holed a 20’ putt for birdie. Quit golf on the 3rd hole at SV, so naturally, I birdied #4. Hit a good drive and 2h just left of the green, had a ridiculous putt from the top of a hill that hit a sprinkler head and trickled to tap in distance. Hit 4i-2h on #6, GIR and 4-putted. Dave measured my first putt - I was 40 yards from the hole. Hit a perfect drive over the sand pyramid on #7 (I was on top of it the day before), followed by an easy 2h I wanted to run up to the green, which I pulled slightly but it bounced off a hill and rolled onto the green anyway. Had a 30’ putt for eagle, 3-putted for par. Birdied #12. Like @saevel25, I also went driver-7i and put it on the green. Made par on #14 which I described in the Best Shot of the Week thread. That 6i was probably in the top 5 most pure shots I have ever hit. It started on the line I wanted, turned exactly how I pictured it, and flew exactly the right distance. Missed the 6’ putt for birdie which I really wanted to make with the other group watching on the tee. I hit a good drive on #18 and tried to hit a 2h into the fairway short of the green. Ended up flaring it way right into the Sahara. Matt later asked if I hit a good shot because it looked like I was posing, and I told him I was so gassed I just didn’t want to move after the shot 😂 Day 4 (Lawsonia Links x 2) Got my best score of the trip here with an 87 in our first round. I hit some good shots, but nothing really spectacular. Just made fewer mistakes overall. Made birdie on #9 after hitting my drive into the fescue. Hit a 7i back into the fairway and a low spinner to 3’, which was still outside Dave’s blind third shot from the fairway bunker which he put to 2’. Day 5 (Lac La Belle) Made a really good decision to grab breakfast at Fresh Baked Cafe in Oconomowoc. The beers were cold at the end of the round. I seriously played like crap.
    • Probably not possible. Calling someone on a rules violation is going to disrupt "serenity" within the group but sometimes that is the cost you have to pay for doing the right thing.  I'm sure I've looked the other way on minor rules infractions that had no material impact on the outcome because the cost wasn't worth the benefit. I can't think of any offhand, but to borrow an example from your first post, if someone rotated their ball on the green without marking it, I would probably be more likely to pull them aside on the next hole and tell them they need to mark it next time vs. call a penalty on them.  But like with many things in life - you can't have your cake and eat it to. If you decide that something needs to be called out for a penalty, you have to accept the likely possibility of temporary discord in the group. Don't be a jerk about it - be polite, but direct - and you give yourself the best chance of a positive outcome.
  • Today's Birthdays

    1. andreanewman
      andreanewman
      (29 years old)
    2. Erg
      Erg
      (54 years old)
    3. Hacker James
      Hacker James
      (79 years old)
    4. irishmike27
      irishmike27
      (42 years old)

×
×
  • Create New...

Important Information

Welcome to TST! Signing up is free, and you'll see fewer ads and can talk with fellow golf enthusiasts! By using TST, you agree to our Terms of Use, our Privacy Policy, and our Guidelines.

The popup will be closed in 10 seconds...