Tiger could be looking at a billion dollar pension...

Discussion in 'Other Sports' started by Dre, Sep 5, 2007.

  1. Dre

    Dre At least we're friends.

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    <div class='quotetop'>QUOTE </div><div class='quotemain'>If you are lucky, you have an employer who offers some percentage of matching contribution for your individual retirement account. If you are really lucky, you have a guaranteed pension plan. </p>

    If you are Tiger Woods, or any PGA Tour pro, you redefine what others consider lucky. </p>

    Woods, the world's greatest golfer has the world's greatest employer funded retirement package. How great? </p><table border="0" cellspacing="0" cellpadding="10" width="350" align="right"><tbody><tr><td width="300" align="center"><div align="left"><strong class="yspleadhdln">Path to a billion [/b]
    How Woods' retirement plan could possibly reach $1 billion, even if his production falls off, and he doesn't make the top 70 in some years. </div>
    <table border="0" cellspacing="1" cellpadding="1" width="300"><tbody><tr height="17" align="left"><td class="ysptblhdr" width="144" height="17" valign="middle" bgcolor="#666666"> Year </td><td class="ysptblhdr" width="147" height="17" align="right" valign="middle" bgcolor="#666666"><div align="right">Assumed retirement
    fund compensation </div></td></tr><tr height="17"><td height="17"><div align="left"><span class="ysptblhdr"></span>2007</div></td><td height="17"><div align="right">$123,100,000 </div></td></tr><tr class="ysptblclbg5" height="17"><td class="ysptblclbg5" height="17"><div align="left"><span class="ysptblhdr"></span>2008</div></td><td class="ysptblclbg5" height="17"><div align="right">112,900,000 </div></td></tr><tr height="17"><td height="17"><div align="left"><span class="ysptblhdr"></span>2010</div></td><td height="17"><div align="right">95,000,000 </div></td></tr><tr class="ysptblclbg5" height="17"><td height="17"><div align="left"><span class="ysptblhdr"></span>2011</div></td><td height="17"><div align="right">87,200,000</div></td></tr><tr height="17"><td height="17"><div align="left"><span class="ysptblhdr"></span>2013</div></td><td height="17"><div align="right">73,100,000 </div></td></tr><tr class="ysptblclbg5" height="17"><td class="ysptblclbg5" height="17"><div align="left"><span class="ysptblhdr"></span>2015</div></td><td class="ysptblclbg5" height="17"><div align="right">61,500,000 </div></td></tr><tr height="17"><td height="17"><div align="left"><span class="ysptblhdr"></span>2017</div></td><td height="17"><div align="right">51,800,000 </div></td></tr><tr class="ysptblclbg5" height="17"><td height="17"><div align="left"><span class="ysptblhdr"></span>Total</div></td><td height="17"><div align="right">$604,600,000 </div></td></tr><tr height="17"><td height="17"><div align="left"><span class="ysptblhdr"></span>Plus interest</div></td><td height="17"><div align="right">114,700,000 </div></td></tr><tr class="ysptblclbg5" height="17"><td class="ysptblclbg5" height="17"><div align="left"><span class="ysptblhdr"></span>Plus other plans </div></td><td class="ysptblclbg5" height="17"><div align="right">300,000,000 </div></td></tr><tr height="17"><td height="17"><div align="left"><span class="ysptblhdr"></span>Total</div></td><td height="17"><div align="right">$1,018,700,000</div></td></tr></tbody></table></div></td><td width="50" align="center"></td></tr></tbody></table>

    If Woods keeps winning at his current rate, enjoys a nine percent annual return and captures just seven FedEx Cups in his career, he could reach $1 billion in retirement payouts courtesy of the PGA Tour Inc. </p>

    Yes, a billion. As in a thousand million. As in $1,000,000,000</p>http://sports.yahoo.com/golf/pga/news?slug...o&type=lgns
     
  2. Dre

    Dre At least we're friends.

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    Ok I butchered the post, but you get the point. And that's craaazy.
     
  3. TheBeef

    TheBeef Commish of FUN!

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    Show this to Ditka and watch his head explode....
     
  4. Geaux Tigers

    Geaux Tigers Ohio State: Bout to get Dorseyfied

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    That could likely be Tiger's second billion. He might just reach a billion dollars in personal assets before this take affect.
     
  5. Dre

    Dre At least we're friends.

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    Would the PGA actually give it to him, and would he ask/make a big deal of receiving it?
     

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