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Media & Entertainment Law

: Sports Law Blog

What Tiger Woods' Loss of Endorsement Income Means to his Agents

By Rick Karcher, Michael McCann, Geoffrey Rapp, Greg Skidmore, and Howard Wasserman

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CNBC's Darren Rovell has a terrific piece looking at what Tiger's loss of endorsement deals has cost his agency, IMG. Unlike commissions on contracts between athletes and teams, which normally carry a 2 to 4% commission, commissions on endorsement deals normally run in the range of 15 to 20 %. Here's an excerpt of Darren's piece:

Tiger Woods' loss of endorsement income cost his management company IMG $4.6 million in fees, according to a confidential document reviewed by CNBC.
The document provides the most comprehensive financial look into the powerful, but private, sports management company in its 50-year history.
IMG, like other agencies, charges its clients between 15 and 20 percent on endorsement deals it secures, so if it lost $4.6 million on Tiger's endorsements, it would mean the golfer himself lost in between $23 million and $30 million in deals last year.

To read the rest, click here.

Full post as published by Sports Law Blog on June 18, 2010 (boomark / email).