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Tiger's sore back is about to cost him $8million in appearance fees

And maybe even a lot more than that.

IN ADDITION TO costing Tiger Woods a shot to represent the United States, his withdrawal from Ryder Cup consideration this week means he will also be forced to stop playing golf during a very lucrative part of his golf calendar.

Woods announced that he will not return to competitive golf until his World Challenge in Orlando, Florida, early in December. That means he will also miss the America’s Golf Cup in Argentina as well as at least two corporate exhibitions in Asia.

Woods was scheduled to partner with Matt Kuchar for the inaugural team event in Argentina.

A spokesman claimed that Woods would not receive an appearance fee for the event since it is being operated by the PGA Tour Latinoamérica. However, Ewan Murray of The Guardian suggests Woods would have received a hefty $4 million (€2.99m) for showing up.

Turkey Golf Tiger Woods Source: AP/Press Association Images

It is unclear how many corporate exhibitions Woods was scheduled to play in. His agent, Mark Steinberg confirmed to ESPN.com that there were multiple events. Tiger’s recent history suggests he would have been paid at least $2 million for each corporate event.

Woods received $2million to take part in a similar exhibition match in China last year. The 38-year-old also received $3 million for participating in the Turkish Airlines Open around the same time.

That means Woods is walking out on at least $8million (€5.98m) with $4 million for playing in Argentina and something in the region of $4 million for two corporate events – and there could well have been more.

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Business Insider
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