Tiger Woods is reportedly close to re-upping with Nike, which would ensure that the Swoosh endorses the top two-ranked players in the world for the foreseeable future.
Woods’ agent Mark Steinberg told ESPN.com on Monday that Woods will ink a new deal, perhaps as soon as the U.S. Open.
“Just a matter of time,” Woods said, according to the report.
“We’re down to the very, very short strokes right now,” Steinberg told ESPN.com. “I would expect we would come out with some sort of joint announcement when we get the paperwork signed. I hope this is viewed as a pretty bold statement.”
Woods has been with Nike since he turned pro in 1996. His current contract, which was signed in 2006, expires sometime before the end of this year. Steinberg told ESPN that with Woods’ new deal, “I feel confident that he will be with Nike for his entire career.”
Though he signed with Nike in 1996, Woods began using the company’s equipment in 2000, when he put the Nike ball in his bag. For years he pieced together his bag, adding the driver, irons and fairway woods at different times in his career, and in 2010 fully committed to Nike equipment when he added the putter.
Earlier this year, Nike signed Rory McIlroy to a multi-year deal worth a reported $10-12 million per year.