GM ends 9 year endorsement deal with Tiger Woods

 

General Motors Corp. was looking to cut costs and hoard cash while trying to survive the worst sales downturn in a quarter-century. And it said Monday the world’s No. 1 golfer wanted more time for himself, especially with a second child on the way.

“Timing is everything,” said Larry Peck, golf marketing manager for Buick. “We’ve had such a great partnership with Tiger. It’s hard for us to walk away from that. But this frees up time for him. And it sure frees up a lot of money for us.”

The endorsement deal, believed to be worth at least $7 million a year, was to expire at the end of 2009.

I wonder who else will be knocking down the doors to get this man.

getMONEY: Curtis Jackson & Shawn Carter

So when we’re talking business, I think it’s only right to refer to these two moguls by their govt. names.

As I was reading online, I saw that Fiddy knocked Jigga out of the number one spot on the Forbes Hip Hop Cash Kings list. According to Forbes, Jay fell to number two this year after being number one in 2007. They’re saying that Jay made just $82 million in the last 12 months whereas Fiddy made $150 million, $100 million after taxes.

A huge chunk of that ($100 million after taxes) came from the sale of 50’s stake in VitaminWater, but he also raked in millions from his G-Unit clothing line and record label, his movie projects, video games and sales of Curtis. He could be primed for a repeat next year as well, if his joint venture with South African mining billionaire Patrice Motsepe pans out and produces the expected 50 Cent-branded line of platinum bling.

You may not like this man but I mean really! Respect his grind; his business; his hustle.