Despite recently losing millions of dollars in sponsorships, Tiger Woods has rejected a $75 million bid by PaddyPower.com.
Paddy Power, a gambling, sports betting and poker site focused on Irish customers, expected Woods to accept the five year contract. After his refusal, the company said it would return with a higher offer, TMZ reports.
Paddy Power is the largest bookmaker in Ireland and a member of the popular iPoker network. Though it does not welcome US players, the company hoped to use Woods’ international recognition to attract more users the site.
Last year, a University of California study determined that Woods personally made $100 million from sponsorships – more than any other athlete. Since then, reports of Woods’ infidelity caused him to lose sponsorship from Accenture, AT&T, Gatorade, and Gillette. If accepted, the $75 million offer would bring Woods up to $6 million per year.
Paddy Power Poker is a popular site that offers new users a 150% deposit bonus up to $600 and is currently running a promotion called Cashpoint. This promotion gives users $1 for every 20 player points earned on their tenth highest point day every month. Paddy Power is known for its sponsorship of the Gay Rugby World Cup and a festival dedicated to the comedy “Father Ted”.