Pay $3M, Get Tiger
By Kickntrue on 3/26/09
Tiger Woods added the HSBC Championship in China to his schedule for the end of 2009. He's taking a little heat for requiring a $3M appearance fee.
Tiger defends his acceptance of the money because others accept fees for playing all over the world. Says Tiger, "This is the only place that doesn't have appearance fees. Most of the guys get appearance fees to play around the world. I've played all around the world and I've thoroughly enjoyed going."
Arnie Palmer isn't going to be too critical but he does think players should appreciate what pro golf used to be like.
In his first PGA Tour event, the total purse was $10,000. Even last-place money at the Arnold Palmer Invitational gets more than that.I'm sure Arnie has a good point and don't get me wrong, I'd kill to be in his company to hear him talk about the way things used to be, but if someone offers me $3M to play in an event- I'm probably going to take the money.
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They asked him to come play their tournament, he said give me $3M and I'll play your tournament, they said yes. What's the problem?
Just don't expect him to tip anyone.
I agree. The only reason they're asking him to play someplace he normally wouldn't play is because they're going to use his name and appearance to bolster ticket sales and TV viewership. That doesn't come for free. The player should get a cut of that. They're going to make more than the $3M they're paying him. He absolutely deserves the fee.
What the heck, He's not getting the bucks from Buick anymore, and it looks like it'll be a few more rounds before he starts "winning" any money, so he might as well sell his name and endorsements while people are still willing to pay for them. At least "people ARE willing to pay for him"!
I know this has been pointed out but if they are paying him 3 million, hmmm how much are they pulling in?
Well, for the Australian Masters they said it would result in $12-$15M in revenue above and beyond what they would normally get. So I'm not sure why anyone would have a problem with it. It is almost a guaranteed investment! Not sure what the economic structure of China is compared to Australia, but I would imagine it is similar.
My problem is he has a pre-set fee of $3M. What if he doesn't make the cut? Revenue will plummet for the final 2 rounds and the estimated revenues will be for naught. Based on the $15M draw, he will be earning 20% JUST FOR SHOWING UP! At least make him sign more than 2 autographs and wave to more than 4 people. Just showing up is not enough to warrant that kind of money.
kidave, there's much more to it than just "showing up". For an event like that he plays a few holes on Monday or Tuesday with a few "chosen" people, along with doing an exhibition on one of the days before the tournament starts. After the exhibition he signs hundreds of autographs, even though he tends to pick kids to sign for. Besides all that, for him to be there even if he misses the cut, shoots truckloads cash into the local economy. This is a no lose proposition for all involved.
BTW, he's missed the cut I think twice in the last 12 years, it's a pretty good bet that won't be a problem.
Tiger Woods has not signed 100's of autographs in a season, let alone a single tourney. I've been to 2 events and never seen him sign more than a handful. You're correct that he chooses the kids mainly. He was eliminated in the match play tourney this year. Who knows if missing 8 months will take its toll later in the season. Personally I don't think ANYONE is worth that kind of cash for an appearance.
Beside that, ToddRobb, you seem to have an agenda regarding him. You seem to be defending him ANY time someone makes a comment that is not full of praise and kowtowing to him. He's a great golfer. The greatest of his generation. The best in the last 20 years. Top 5 or so of all time. Still not worth the money in my opinion. I would rather see that extra money go to the WINNER. Let him EARN it.
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