September 06, 2007

Tiger Woods could retire on billion-dollar PGA pension?: Yes, that's a billion with a "B". I don't know about this guy's numbers, but maybe one of you stats and finance jocks can grok it. Holy crap. Maybe I should join the PGA.

posted by worldcup2002 to golf at 01:31 AM - 22 comments

His numbers work, but they rely on two huge assumptions: 1. Tiger wins 7 more FedEx cups over the next 11 years. I suppose that's reasonable today, but who knows if some young hotshots come along to make it more competitive. And, like the article says, Tiger isn't even really focused on winning these pay-offs. I'm not sure how true that is but I bet that, as he gets older and younger talent flourishes, he won't be able to skip tournaments and still win it. 2. Assuming a rate-of-return is always tricky business. A 9% rate-of-return is reasonable for equity in the long-term, I guess. It's not conservative though. His advisors will probably allocate a significant portion of these assets into far less-risky assets--treasury or agency bonds, highly-rated corporate bonds, etc. That brings the overall rate-of-return down a couple notches. But, then again, maybe not--if he treats this like found money, he could just stick it all in the riskier asset class and roll the dice.

posted by mullacc at 05:20 AM on September 06, 2007

Hey,world,this is another reflection of America.Why shouldn't Tiger be able to retire with a 1B retirement fund? After all he is obviously the greatest American athlete today.We still adore heroes but there has been slim pickin's in other fields of endeavor.In fact I can think of no other American athlete that big on the world scene until you go back to Ali's time.

posted by sickleguy at 05:33 AM on September 06, 2007

I heard that MJ guy was pretty popular. Yao Ming had to count for something by the sheer Chinese population alone.

posted by jmd82 at 07:42 AM on September 06, 2007

Um, folks, I think we all would be remiss not acknowledge the ferociously popular Greg Maddux.

posted by THX-1138 at 12:53 PM on September 06, 2007

And don't forget the always lovable, huggable , Roger (big heart) Clemens

posted by texasred at 02:24 PM on September 06, 2007

Um, folks, I think we all would be remiss not acknowledge the ferociously popular Greg Maddux.
There, fixed that for you...

posted by hincandenza at 03:03 PM on September 06, 2007

Mr. Maddux, I'd just like you to know that it was all Hal's idea.

posted by THX-1138 at 03:43 PM on September 06, 2007

Golf & Athlete.. Oxymoron...Please!!!!! Refrain from that assumption.

posted by B's_Fan4Life at 05:26 PM on September 06, 2007

And if that's the best you can do for your first post on this board, please refrain from posting. Welcome to Sportsfilter, now read this.

posted by The_Black_Hand at 06:01 PM on September 06, 2007

I think the best parts of the article were: 1. The deferred compensation plan was devised by a current tour pro, Joe Ogilvie (at 33, a year younger than Tiger), who could probably be a top banker if he weren't doing so well and having more fun at golf. 2. The plan was made to benefit the average pro, who apparently makes 200K a year, and flames out in a few years. Even those guys will probably be able to retire with millions in their pension plan. That's pretty good for the average bear. In all respects, still beats having a regular job, eh?

posted by worldcup2002 at 07:02 PM on September 06, 2007

To Black Hand Yup,, read it, don't see the problem or a violation.I guess your opinion is the only sensible one, right? I suppose chess players are atletes as well? I expressed my opinion in respone to "sickleguy", who called Woods an athlete. Call him what he is, a sportsman, not an athlete. There is a big difference and I don't see the need to explain the obvious contradictions. Judging by your self centered bio,rife with smart remarks and profanity, you seem to know it all, but thats just my opinion.. :))

posted by B's_Fan4Life at 07:06 PM on September 06, 2007

If the word fuck in one picture offends you then you're going to have a rough stay here at SpoFi.

posted by Ying Yang Mafia at 07:30 PM on September 06, 2007

Profanity, The Language of the illiterate.. I'm finished here. I thought this site might be mature and intelligent, unfortunately there is a marked lack of both. I will seek out a less confrontational site. Enjoy your diatribes.. :))

posted by B's_Fan4Life at 07:48 PM on September 06, 2007

I'm finished here. I thought this site might be mature and intelligent, Golf & Athlete.. Oxymoron...Please!!!!! I'm guessing you weren't planning on contributing to the mature or intelligent portion, right? Capitalization of every word, incomplete sentences and misuse of punctuation, are all signs of "mature" and "intelligent". We will, however, remember fondly your glorious 2hr22min reign of sophistication.

posted by grum@work at 08:01 PM on September 06, 2007

Shit, did I miss him?

posted by yerfatma at 08:26 PM on September 06, 2007

Bye, Wally!

posted by tommybiden at 08:49 PM on September 06, 2007

Judging by your self centered bio On whom do you suggest his bio be centered? I guess he's gone. Maybe he will answer this question in his forthcoming autobiography. I wonder who will write it.

posted by The Crafty Sousepaw at 08:56 PM on September 06, 2007

Self centered bio.... Classic. What? Woods is going to be a billionaire? Didn't he just make $100 million alone in the last year? I can imagine this happening a lot sooner than by the time his pension kicks in. I don't see endorsement deals with superstar international athletes trending down.

posted by WeedyMcSmokey at 10:49 PM on September 06, 2007

No, he's right, I really should have written about somebody else on my bio. I am so damn selfish!

posted by The_Black_Hand at 04:59 AM on September 07, 2007

Tiger Woods is a Robot. (Sorry, I couldn't resist myself)

posted by hawkguy at 09:21 AM on September 07, 2007

As an occassional reader, and poster, of this site, I question what all the noise about Wally was. Was his original post really worthy of the "read this" caution? Seems we ought to welcome fresh insights...we can always lambaste them later. As to his "golf & athlete is an oxymoron" quote...I'll bet $20.00 that Tiger could whip his ass in any athletic competition. Daly will handle any competitions involving food or drink.

posted by dviking at 07:12 PM on September 07, 2007

Nah, he was a dick. We were just effing with him. We didn't like how he was dressed since he comes from the wrong part of town and tried to take up with our girls. Goddammed greasers!!

posted by THX-1138 at 01:18 PM on September 08, 2007

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