It's long been rumored that Tiger Woods was strongly opposed to the $10 million annuity that will be given to the FedEx Cup winner. And as the exchange in yesterday's press conference revealed, he still is not a fan.
Naturally, some used this as a chance to suggest Tiger just wanted the cash, but more likely he's coming at this as a fan and realizes that on Sunday of FedEx Cup weekend, the winner will not be asked how it feels to win $10 million or what he's going to do with the $10 million. Because he's not getting $10 million!
The winner won't see this money until he's 65, so there really isn't much to talk about.
And isn't that the point of the playoffs? To give everyone something to talk about? Even a $5 million or $4 million payday would have generated buzz. Shoot, $2 million would. But an annuity is not the stuff of water cooler conversation.
So two questions: Is this a deal killer for you as a fan? And to the financial gurus out there, approximately how much does the PGA Tour have to deposit annually to get that annuity up to $10 million by the time the player reaches 65?