Woods, who missed the cut at the British Open after another brutal showing Friday and Saturday, was the ninth-highest paid athlete of the past 12 months according to a ranking by Forbes.
He made more than $50 million. Most of that money came from endorsements. Nike (NKE) has continued to back Woods even though he has been a shell of his former self.
Woods won just $600,000 in prize money from golf tournaments in the past year. He missed the cut at last month's U.S. Open too.
Tiger Woods has to find a new gig, fast. He could be a stunt car driver, a spokesmodel for polo shirts, or a salesman for lifestyle products. He could go into the entertainment business and make fun of himself by doing cameos in movies, but that won't last more than a few years. He no longer dominates anything other than the overrated and overpaid lists mentioned above.
It doesn't sound like Tiger's brand is going to be worth a lot in a few years, unless we're in the nostalgia business.