Tiger Woods and Nike <br />End 27-Year Partnership.<br />Tiger Woods and Nike <br />End 27-Year Partnership.<br />Woods made the announcement <br />on Jan. 8, ESPN reports. .<br />Over 27 years ago, I was fortunate to <br />start a partnership with one of the <br />most iconic brands in the world, Tiger Woods, via X.<br />The days since have been filled <br />with so many amazing moments <br />and memories, if I started naming <br />them, I could go on forever. , Tiger Woods, via X.<br />Phil Knight's passion and vision brought <br />this Nike and Nike Golf partnership <br />together and I want to personally thank <br />him, along with the Nike employees <br />and incredible athletes I have had the <br />pleasure of working with along the way, Tiger Woods, via X.<br />Nike also issued a statement.<br />Tiger, you challenged your competition, <br />stereotypes, conventions, the old school <br />way of thinking. You challenged <br />the entire institution of golf. You challenged us. And most of all, yourself. <br />And for that challenge we're grateful, Nike, via Instagram.<br />When Woods first signed his <br />multiyear contract with Nike in 1996, .<br />the reported $40 million agreement "was the richest endorsement deal for a professional athlete in history at the time," according to ESPN.<br />Woods' contract with Nike was renewed <br />three times throughout the golfer's career.<br />The 47-year-old signed a 10-year, <br />$200 million extension with Nike in 2013.<br />While reasons for the ended partnership were not disclosed, Nike announced in December that it was going to cut costs by $2 billion "over the next three years," ESPN reports. .<br />While reasons for the ended partnership were not disclosed, Nike announced in December that it was going to cut costs by $2 billion "over the next three years," ESPN reports.
