Swiss watch maker TAG Heuer has just agreed to continue to feature Tiger Woods in it’s print ads for an annual fee of $12 million to be paid in monthly installments.
Tiger is expected to make the first payment to TAG Heuer on Jan. 1st. The watch maker said that it agreed to the low rate they are charging Tiger because of “our long relationship with world’s best golfer.”
Woods is reported to be offering as much as $30 million a year to any new corporate sponsor that is willing to feature him as a spokesperson. As an added bonus, he is willing to agree to a morals clause that would prohibit sex with anyone whose job involves nightclubs, restaurants, churches, schools, entertainment, airlines, taxi cabs, limosines, party planning, the Playboy mansion or farms.