Tiger Woods signs apparel and footwear deal with TaylorMade following his split with Nike

Tiger Woods signs apparel and footwear deal with TaylorMade following his split with Nike

Tiger Woods on the apply vary on April 5, 2022, earlier than the beginning of the 2022 Masters at Augusta National Golf Club in Augusta, Georgia.

Brian Spurlock | Icon Sportswire | Getty Images

Tiger Woods and TaylorMade have made it official. The golf nice has agreed to create a brand new apparel and footwear efficiency and way of life model with the Carlsbad, California firm following his current split with Nike.

The model, Sun Day Red, will likely be out there first solely on-line starting in May. “Life modifications and that is essential transition and I wished to have a model that I used to be happy with going ahead,” Tiger mentioned.

Woods says the title of the model “Sun Day Red” is a tribute to the truth that he is at all times worn pink on Sundays. The tiger emblem is a tribute to the 15 majors he has worn over the course of his profession.

TaylorMade and Woods announced the news Monday night time throughout a press occasion in Pacific Palisades, California, forward of the PGA Tour’s Genesis Invitational, an occasion he hosts.

“It’s the best time,” Woods mentioned, showing in a cashmere sweater from the brand new model.

Tiger Woods companions with TaylorMade to launch “Sun Day Red” way of life and efficiency model.

Sun Day Red

Woods’ relationship with TaylorMade dates again to 2017, when the 2 signed an gear deal that has him taking part in with the model’s driver, fairway woods, irons and wedges.

Woods mentioned he was courted by different firms however he trusted TaylorMade for his or her skill to “get it proper.”

TaylorMade CEO David Abeles mentioned Woods had been an inspiration for his group, together with his self-discipline and meticulous strategy to product design.

The new model contains a wholly new firm with separate headquarters and workers who’re solely centered on its improvement, Abeles mentioned.

“There isn’t any affect from TaylorMade on this model. His model stands alone and is impartial from TaylorMade,” Abeles mentioned.

Last month, Woods introduced his split from longtime apparel partner Nike after 27 years. Woods’ agent, Mark Steinberg, told CNBC on the time that the golfer made the enterprise resolution to not renew with Nike.

The 15-time majors winner’s model publicity at this time is lower than it as soon as was on the peak of his profession. Woods has been plagued with a sequence of accidents following his 2021 car crash close to Los Angeles, through which he suffered a number of leg accidents. Since then, the 48-year-old has made uncommon appearances at main golf tournaments, and his play has been unsteady.

Yet, the deal remains to be a significant win for TaylorMade. Woods nonetheless has an enduring legacy, consultants say, and continues to attract large crowds as followers hope to catch a glimpse of one of many biggest golfers of all time.

“Michael Jordan remains to be Michael Jordan, and Air Jordans nonetheless do very effectively,” mentioned Eric Smallwood, president of Apex Marketing Group, invoking the basketball Hall of Famer for comparability.

Apex has tracked Woods’ model publicity over the course of his profession. Smallwood mentioned the golfer’s TaylorMade deal will likely be a “large elevate” for its model.

While Woods might be seen much less ceaselessly on the golf course, he has taken on possession of a new indoor, tech-focused golf league with Rory McIlroy known as TGL. That’s anticipated to kick off subsequent yr and has a broadcast deal on ESPN, which could possibly be a giant enhance for TaylorMade.

Speculation round a Woods-TaylorMade partnership has swirled for months. TaylorMade created a brand new LLC known as TaylorMade Lifestyle Ventures final March, in response to Josh Gerben, a trademark legal professional at Gerben Law. Then in June, the corporate started submitting logos together with SUNDAY RED, a emblem for SUN DAY RED, a tiger logo and a tiger logo with the letters S, D, R.

Gerben advised CNBC it is doubtless that TaylorMade filed the LLC as a approach to offer Woods with fairness within the new firm.

“I assumed it was an extremely distinctive construction,” he mentioned. “In a sponsorship deal with an athlete, you very hardly ever see a brand new entity created simply to personal that.”

Representatives for each Nike and Woods weren’t instantly out there to touch upon that settlement.

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