Tuesday, July 19, 2011

Let 'em eat bacon!

JULY 19, 2011
BRUCE A. BRENNAN BLOG FROM THE WORLD AND MY MIND
The news as I see it and the views as I want them.
July 19 is … Flitch Day

Casey Anthony was released from jail around 12:30 a. m. Sunday July 17. 2011. She reportedly had just over $500.00 on her, the balance in her jail commissary account, most of it coming from donations made by people she does not know.

It was reported she took a private jet to her aunt’s home in Texas. A later report had her in Ohio but neither have been confirmed at the time this is being written. Perhaps her lawyer was not thinking this through too thoroughly. Texas has a tendency of making criminals pay for their crimes. I am sure some State’s Attorney, looking to make a name for himself, is reviewing ways to charge Ms. Anthony in Texas for something. If she tries to cash in on her infamy, I predict she will be arrested if still in Texas.

Where did the private jet come from? Her lawyer has less than six years of legal practice under his belt. He lost his license in Florida once; he has filed bankruptcy and there are domestic abuse issues in his past. He got some money from his client out of the $200,000.00 ABC News paid her but how much has never been disclosed. The State of Florida paid his fees to defend the accused. If Florida is like Illinois, they do not pay the going rate for attorneys. An accused is guaranteed the right to counsel, not counsel of his choice and not the best counsel. I do not think the attorney sprung for the jet.

Check out the video at this address. It is pretty neat. Did I just say neat?
                   http://www.wgnradio.com/shows/johnwilliams/wgnam-john-williams-dog-bites-shark,0,3025453.htmlstory
What is a Flitch?
A flitch is measurement of bacon, equaling half a pig. (Flitch = side)
In the United States: A side of unsliced bacon was once known as a flitch- it is now known as a slab. An individual slice of bacon is a slice or strip.

What is this Holiday for?
An old English custom from long ago eventually turned into the holiday called Flitch Day, which is celebrated on July 19th. Every year on this day, since about 1104, any married couple who could prove they had been faithful and loving to one another for one year was awarded half a pig, known as a flitch of bacon. However, very few couples would actually "bring home the bacon!" There are still flitch trials today, but they are only held once every four years.

There are historical references to this day as far back as 1104, and it was a regular civic event in Dunmow by the late 1800's. Eventually, those who settled in America, brought the tradition with them.

Origin of this Holiday?
My research did not find the creator, but we know that it does exist because of actual events and customs in history. This holiday is referred to as a "National" day.  However, I did not find any congressional records or presidential proclamations for this day.
Even though we didn't, this is still a holiday that is publicized to celebrate. So have fun with it and celebrate it!

Flitch Trials
Great Dunmow is a town in the Uttlesford district of Essex, England. Originally the site of a Roman settlement on Stane Street, the town thrived during the Middle Ages. Many buildings survive from this period, including a sixteenth century town hall.

Four-yearly ritual of the Flitch Trials
The town is famous for its four-yearly ritual of the Flitch Trials, in which couples must convince a jury of six local bachelors and six local maidens that they have never wished themselves un-wed for a year and a day. If successful the couple is paraded through the High Street and receive a flitch of bacon. The last flitch trials were held in the town in the summer of 2008, with the next scheduled for 2012. The custom is ancient, and is mentioned in the Wife of Bath's Prologue and Tale in Chaucer's The Canterbury Tales.

Custom of Giving a Flitch of Bacon
A custom of giving a flitch of bacon to any married couple who would swear that neither of them, in a year and a day, either sleeping or waking, repented of their marriage.

The actual words of the ancient rite performed before a ‘judge’ in a mock court and a ‘jury’ of maidens and bachelors, require that in “twelvemonth and a day” both spouses have “not wish’t themselves unmarried again”.

The full pledge went:

   You shall swear by custom of confession,
   If ever you made nuptial trangresssion,
   Be you either married man or wife,
   If you have brawls or contentious strife
   Or otherwise, at bed or at board,
   Offended each other in deed or word:
   Or, since the parish-clerk said Amen,
   You wish’t yourselves unmarried agen,
   Or in a twelvemonth and a day,
   Repented not in thought any way,
   But continued true in thought and desire
   As when you join'd hands in the quire.
   If to these conditions, without all feare,
   Of your own accord you will freely swear,
   A whole gammon of bacon you shall receive,
   And bear it hence with love and good leave;
   For this is our custom at Dunmow well knowne,
   Though the pleasure be ours, the bacon’s your own.

The parties were to make their oath before the Prior and Convent and the whole town, humbly kneeling in the churchyard upon two hard, pointed stones. The ancient oath is still sworn today:

   We do swear by custom of confession
   That we ne’er made nuptial transgression,
   Not since we were married man and wife,
   By household brawles or contentious strife,
   Or otherwise in bed or a boarde,
   Offended each other in deed or in word,
   Or in a twelve months and a day
   Repented not in thought in any way.
   Or since the church clerke said Amen
   Wish’t yourselves unmarried agen,
   But continue true and in desire,
   As when you joyn'd hands in Holy Quire.

When this oath was taken by each couple, it was the duty of the officer who administered it to reply:

"Since to these conditions, without any fear,
Of your own accord you do freely swear,
A whole flitch of bacon you shall receive,
And bear it hence with love and good leave;
For this is our custom at Dunmow well known
Though the pleasure be ours, the bacon's your own."

This is the origin of "bringing home the bacon".

A holiday for bacon; not big on the Jewish calendar but it seems like a fine tradition to me. The pig can always use a little more respect.

 Just a couple of thoughts I had and you should too.
BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2011

VISIT ANY OF THE SITES LISTED FOR REVIEW, RESEARCH, ORDERING MY WRITING PRODUCTS OR TO CONTACT ME.
Go to web sites below to buy books by Bruce A. Brennan. It is still a good time to purchase any of my books. The books are interesting and inexpensive reads. My third book should be available later this year, in late 2011. More information will be forthcoming.

www.ebookmall.com (Do search by my name or book Title)
www.barnesandnoble.com (do a quick search, Title, my name)
http://www.smashwords.com/ Do a Title or author search.

Book Titles:

Holmes the Ripper

A Revengeful Mix of Short Fiction

"Choose the life that is most useful, and habit will make it the most agreeable." - Francis Bacon


Monday, July 18, 2011

Economics of baseball

JULY 18, 2011
BRUCE A. BRENNAN BLOG FROM THE WORLD AND MY MIND
The news as I see it and the views as I want them.
July 18 is … National Ice Cream Day and National Caviar Day nice combination

Want to know the value and perks in a baseball player’s contract. Just go to;

                             http://mlbcontracts.blogspot.com

You can find out things like Fukidome of the Cubs getting 8 first-class round trip airline tickets from Japan for his family. He also gets a car during spring training and the season as well as an interpreter. Each Major League Baseball team is reported on as well as the management.

According to Jayson Stark of ESPN.com, some of the more interesting contract clauses for the 2011 season are: Always check out the small print. If your mom and dad never told you that, once upon a time, then hopefully your lawyer did.

Why? Because there's some fascinating stuff going on down there at the bottom of the page, after your eyes have started doing somersaults. And you'd sure hate to miss it. Luckily for you, we've been combing through the small print of as many baseball contracts from this winter as we could get our hands on. So here they come, the Most Creative Contract Clauses of the Offseason (so far):

Don't Lose That Number

Jayson Werth isn't the first player in history with a powerful attachment to his uniform number. Jayson Werth has a special affection for No. 28. Rickey Henderson once paid Turner Ward $25,000 to get No. 24. Doug Glanville once bought Jimmy Rollins a laptop in exchange for No. 6. And many a Rolex -- not to mention a beverage or 20 -- has changed hands over the years after players switched teams and found their favorite numbers on somebody else's back.

But Werth, baseball's newest $126 million man, might have taken uniform-bartering to a whole new level when he signed with the Nationals this winter: He went to the trouble of getting his uniform number -- which would be 28, in case you don't have this sort of thing memorized -- written into the contract.

So what's up with that? Ever since he switched to No. 28 (in 2004) from the No. 13 he once wore with Toronto, his teams have gone to the postseason five times, Werth told us. So why would he take any chances on losing his hold on a number with that much winning in it?

For the record, No. 28 was worn last year in Washington by utility man Mike Morse. But he'll now be switching to No. 38. Which might come as news to him …

Unless he's read the small print.

Silver Lining

If Albert Pujols has a Silver Slugger incentive clause, we get it. If Josh Hamilton has a Silver Slugger incentive clause, no big deal. Heck, even if Corky Miller has a Silver Slugger clause, there's some semblance of logic in there someplace. But Chien-Ming Wang? The sweet-swinging ex-Yankees pitcher has all kinds of incentive clauses included in the contract he signed with Washington last month. And in the case of most of them, that makes sense, considering he hasn't been healthy in 2½ years.

But a Silver Slugger clause? Well, he has one, all right. It'll pay him $50,000 if he out-swats every pitcher in the National League this year. But let's just say the Nationals probably don't need to put that money in an escrow account so they have it handy in case he wins. How many hits has Wang gotten in his career? That would be zero -- in 15 journeys to home plate. He's 0-for-14 -- with eight strikeouts, one GIDP and one sac bunt. So he actually owns more career outs (16) than plate appearances (15) -- which isn't easy. But that isn't all. Wang's whole career took a major U-turn south thanks to his offensive misadventures. On June 15, 2008, during interleague play, he failed to get a decent bunt down, bunted into a forceout and wound up spraining a ligament in his foot trying to run the bases. His career has never been the same since.

So maybe that Silver Slugger clause is about revenge. Or incentive. Or a private joke. At any rate, once again, it paid to read THAT small print.

Captaincy

Derek Jeter's new contract might be the most inventive deal of the whole winter. He doesn't just have incentive clauses. His whole deal is like one of those falling-dominoes tricks, in which everything that happens in the first three seasons helps determine his salary for the 2014 season -- assuming he's still playing in the 2014 season.

But the clause that caught our attention wasn't any of the numerous trigger clauses splattered all over the contract.

Instead, it's this:

The language in the contract Derek Jeter signed last month is rather interesting. In 2014, Jeter holds a player-only option clause worth $8 million (or possibly a lot more than that, depending on those other clauses), unless …

He chooses not to pick up his own option. In which case … He still gets a $3 million buyout clause. Good deal, huh?

OK, so technically, this isn't that unique. Teams sometimes structure contracts like this in order to backload some of the money. But this isn't just anybody's contract. This is Derek Jeter's contract. So every time we think of Derek Jeter cashing in the buyout of HIS OWN OPTION, we think: Is there anything that sums up what a crazy contract he wound up negotiating for himself better than that?


Thinking Big

You don't have to rummage through Bing Crosby's basement to know it has been more than half a century since Bill Mazeroski's most famous home run trot. And you don't have to be Andy Van Slyke to know this year will be the 19th season since the last time the Pirates played a postseason game -- or even had a winning season, for that matter. But that doesn't mean it's no longer legal to think big thoughts or dream big dreams inside the Pittsburgh city limits. Heck, no. In fact, it's encouraged.

And not just about the Steelers, the Penguins and the Pitt Panthers, either. No sir. That positivity goes for the Pirates, too. And all the proof you need can be found in the contracts the Buccos have handed out this winter. They've signed five established players as free agents this offseason -- Matt Diaz, Lyle Overbay, Garrett Atkins, Kevin Correia and Scott Olsen. And all five of them (plus holdover shortstop Ronny Cedeno) had World Series MVP clauses included in their new contracts.

So here's the irony:

You know how many World Series MVP incentive clauses the Yankees have given out to their current roster? That would be nada. (And no, clauses they inherited from other teams don't count -- and neither does the base-salary trigger in Jeter's new deal.) But the Pirates have doled out six WS MVP clauses in one offseason. There's a subplot in there someplace.

For Starters

All teams have what their accountants like to refer to, catchily, as "the standard awards package," so they can throw that package into contracts for veteran players when the haggling over deals mounts at crunch time. But every once in a while, those "standard" awards packages aren't as standard as the accountants might have thought when they drew them up. For instance: We ran across three free-agent pitchers who signed deals this winter that will pay them between $10,000 and $25,000 if they're chosen to start the All-Star Game. Now, that sounds pretty standard, right?

Except the three pitchers in question are Will Ohman (White Sox), Jesse Crain (White Sox) and Takashi Saito (Brewers). And what do those three have in common?

(A) They're all RELIEF pitchers. And (B) none of them has ever started a single game in the big leagues -- not ONE. See for yourself:

Ohman: 392 appearances -- 0 starts.
Crain: 376 appearances -- 0 starts.
Saito: 292 appearances -- 0 starts.

So if one of those three guys starts the All-Star Game in July, why do we have a feeling the biggest story of the day will NOT be his incentive clause?

Five Other Classic Clauses

 Dunn

• Adam Dunn got a $25,000 Gold Glove incentive from the White Sox. Like his chances to be the best-fielding DH in the American League?

• The Orioles tossed a $25,000 Silver Slugger clause into Cesar Izturis' contract. In case they didn't know (and we're guessing they did), he owns the second-lowest career OPS (.619) of any player with 2,000 or more plate appearances who is currently on a 40-man roster.

• You can't say the Dodgers aren't doing everything possible to help Hiroki Kuroda's family adjust to the life and culture on this side of the Pacific. They're giving his family more interpreters (two) than they're supplying him (one).


 Romero

• Phillies reliever J.C. Romero got a $50,000 Silver Slugger incentive in his new deal. OK, so he may not be in Wang's offensive class. But Romero's most recent at-bat was in 2007, he's gotten one at-bat since 2003, and June 15 will mark the 10th anniversary of his last (and only) hit -- a double off Julian Tavarez.

• Finally, we know exactly what kind of vehicle Takashi Saito will be driving in his first spring training with the Brewers. It'll be an SUV. And how do we know? It's right there in the small print of his contract -- of course.

This stuff is fun to read and learn about until you realize this is why a ticket costs $50.00, parking costs $30.00, a beer is $7.50 and a hot dog is $6.00.

Just a couple of thoughts I had and you should too.
BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2011

VISIT ANY OF THE SITES LISTED FOR REVIEW, RESEARCH, ORDERING MY WRITING PRODUCTS OR TO CONTACT ME.
Go to web sites below to buy books by Bruce A. Brennan. It is still a good time to purchase any of my books. The books are interesting and inexpensive reads. My third book should be available later this year, in late 2011. More information will be forthcoming.

www.ebookmall.com (Do search by my name or book Title)
www.barnesandnoble.com (do a quick search, Title, my name)
http://www.smashwords.com/ Do a Title or author search.

Book Titles:

Holmes the Ripper

A Revengeful Mix of Short Fiction

  "Myth must be kept alive. The people who can keep it alive are the artists of one kind or another. The function of the artist is the mythologization of the environment and the world." - Joseph Campbell

Sunday, July 17, 2011

Obama beaks another promise.

JULY 17, 2011
BRUCE A. BRENNAN BLOG FROM THE WORLD AND MY MIND
The news as I see it and the views as I want them.
July 17 is … National Peach Ice Cream Day

Never been a Peach Ice Cream guy but I married a Peach of a gal.

Welcome to talking heads Sunday, the day the various news programs will have politicians on telling us why they are correct and why the other guys are wrong about the manufactured, alleged ‘debt crisis’.

President Obama is warming up to the idea of changing Medicare. He will soon join the ranks of those who want to change Social Security. I do not see why the government wants to change the rules for people who have paid for the benefits that are now going to be taken away. That is illegal in the world I live in. A contract is a contract and both sides are legally obligated to abide by the terms agreed to. Nobody is talking about reducing welfare, food stamps and other freebies. We should change those programs first since the recipient does not pay for these benefits, everyone else does.

According to HuffPost, President Barack Obama formally acknowledged on Friday that he would support a plan to means-test Medicare as a part of a deal to raise the nation’s debt ceiling. “I have said that means-testing on Medicare, meaning people like myself -- I’m going to be turning 50 in a week, so I’m starting to think a little bit more about Medicare eligibility -- but you can envision a situation for somebody in my position, me having to pay a little bit more on premiums or co-pays would be appropriate. And again, that would make a difference,” the president said at a press conference. “What we are not willing to do is restructure the program in the ways we have seen coming out of the House in recent months.” The comment was the first public acknowledgment from the White House that the president would support changing the payment structure of the entitlement program. Prior to Obama’s remarks, multiple sources in both parties told The Huffington Post that the administration was making it clear to debt ceiling negotiators that such a structural change to Medicare was on the table.

The proposal is not entirely controversial among health care economists. But it will rankle a good chunk of the president's own party, which has sought to keep Medicare's structure as a basic insurance program. Medicare premiums for doctors and for prescription drugs are already means tested. Making top earners pay even more -- while potentially sound policy -- opens the program to the politically potent charge that it is becoming health care welfare for lower income Americans.

The Obama administration's embrace of the idea came during talks between lawmakers and Vice President Joseph Biden. The exact contours of what was proposed are not entirely clear. But a version that House Majority Leader Eric Cantor (R-Va.) proposed in later discussions would have saved the government an estimated $38 billion by charging those high-income beneficiaries 10 percent more for the cost of hospital stays and prescription drugs.

Obama's nominal support for means-testing Medicare, however, does fit into the larger outlines of his plan for the debt ceiling debate. In an effort to both win the support of Republicans and tackle as many deficit-contributing issues as possible, the administration has placed entitlement programs like Social Security and Medicare ("sacred cows" for the Democratic Party) squarely on the table. The president also lent his support to a plan to raise the eligibility age of Medicare from 65 to 67, over the course of roughly 25 years. His team has, additionally, discussed various changes to the way in which Social Security benefits are measured and paid.

Both of those ideas encountered immediate push back within Democratic and even moderate Republican circles. Means-testing Medicare has more political support. Rep. James Clyburn (D-S.C.) a top-ranking Democrat in the caucus, has embraced the idea, as have the party's more fiscally conservative members. In the past, the administration too has embraced the idea. The president's own health care law placed a small tax increase on the wealthiest Americans, a fee that could, theoretically, be considered a form of means-testing. And in his 2009 budget, the Obama administration suggested means-testing the prescription drug portion of Medicare.

We already overtax the wealthy. If they pay into Social Security and Medicare like everyone else, they should get their benefits like everyone else. If you do not give them the benefits then return the money they paid in to them, with interest. Fair is fair. It is time to stop penalizing the successful person for being successful. Communism and Socialism tried this and that concept hasn’t seemed to work out real well where tried around the world.

 Just a couple of thoughts I had.
BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2011

VISIT ANY OF THE SITES LISTED FOR REVIEW, RESEARCH, ORDERING MY WRITING PRODUCTS OR TO CONTACT ME.
Go to web sites below to buy books by Bruce A. Brennan. It is still a good time to purchase any of my books. The books are interesting and inexpensive reads. My third book should be available later this year, in late 2011. More information will be forthcoming.

www.ebookmall.com (Do search by my name or book Title)
www.barnesandnoble.com (do a quick search, Title, my name)
http://www.smashwords.com/ Do a Title or author search.

Book Titles:

Holmes the Ripper

A Revengeful Mix of Short Fiction

"I am still determined to be cheerful and happy, in whatever situation I may be; for I have also learned from experience that the greater part of our happiness or misery depends upon our dispositions, and not upon our circumstances." - Martha Washington


Saturday, July 16, 2011

Even Tiger has a debt crisis.

JULY 16, 2011
BRUCE A. BRENNAN BLOG FROM THE WORLD AND MY MIND
The news as I see it and the views as I want them.
July 16 is … International Juggling Day

I might be busy today trying to do too many things at once.

One day closer to the world ending because of our debt crisis. You would think if our economic woes are that important to the world, a few countries would be stepping up offering a little help. China could forgive a month’s interest; Europe could not cash an aid check for sixty days; Africa could grow their own food and get their free guns somewhere else for a while.

The debt crisis will be dealt with. Our politicians never do anything until we are in a crisis, then the first thing they do is argue with each other, blame the other party and then come up with some miraculous deal that just pushes the crisis away from the next election; then it all starts over again. Instead of Obama spending a billion dollars on being reelected and the Republicans spending close to that amount, the money should be contributed to the general good. It would run the Chicago school system for a couple of years; it would pay for thousands of police officers; it would give every military person a nice bonus; it would build a few roads and put people to work doing it.

Some women you just don’t want to piss off. A Southern Californian woman is accused of cutting off the penis of her estranged husband. She was arrested late Thursday night after investigators responded to a 911 call and is now in custody at the Orange County Jail.

Catherine Kieu Becker of Garden Grove reportedly prepared dinner for her husband and put a poisonous substance or drug in his food to make him drowsy, reports KTLA. While the man was sleeping, Becker allegedly tied him to the bed. When he awakened, Becker cut his penis off with a knife and threw it into the garbage disposal, turning it on as she did so.

Lt. Jeff. Nightengale told NBC LA that Becker called 911 at around 10 p.m. requesting emergency assistance. Nightengale said that Becker "told responding officers that he 'deserved it.'" Nightengale also revealed that the married couple was going through a divorce. Nightengale spoke with the HuffPost and confirms that the victim has been upgraded to stable or good condition and is being treated at UC Irvine Medical Center in Orange. Nightengale also says that pieces of the severed member were recovered from the crime scene and transported to the hospital with the victim last night, but he has no details on how the surgery went. Police hope to interview the victim either today or tomorrow.

Becker has been charged with "aggravated mayhem, false imprisonment, assault with a deadly weapon, administering a drug with intent to commit a felony, poisoning and spousal abuse," according to the Associated Press. The most serious of these charges is "aggravated mayhem," which carries a life sentence with possibility of parole (as opposed to just "mayhem," which has a sentence of 3-5 years). Of the aggravated mayhem charge, Nightengale says, "It's so heinous -- we're looking at this as premeditated. Her intention was to permanently deprive him of a piece of his body and do it in such a way to inflict a great amount of pain and psychological damage." He also adds, "I've been doing this for 22 years and the only other time I remember this happening was when Lorena Bobbitt did it, and that didn't even happen here. This isn't a typical domestic violence case -- it was way over the top."

It is too bad that society has actually codified a law to cover this situation and this woman’s actions.

Looks like Tiger Woods cannot bailout the government from its debt crisis. He is supposedly having his only financial problems. I hope them broads were worth it, Tiger. When news broke a few weeks ago that Tiger Woods had signed an endorsement deal to hawk a heat rub in Japan, it was hard not to think of Lost in Translation, or of the Entourage episode when Vincent Chase goes to China to do an energy drink commercial because he's out of money.
Although Woods was likely paid in the single-digit millions for the spot -- in which he takes a swing, rubs his back, and says, "Go Vantelin!" -- it's a far cry from campaigns for PepsiCo, Gillette, and Accenture. The last time Woods showed up in Japanese TV ads was in 1997, when he promoted Asahi Wonda coffee, back before he became a phenomenon. So the deal with Kowa (maker of the rub) seems more like a moment of desperation than a return to form.
It's no secret that Woods, once king of the sports world, has suffered financially since his fall from grace. His endorsement list shrank and his marriage ended in a divorce settlement reportedly worth $100 million. But now he may actually be hurting for funds. At the very least, there are signs that he isn't generating enough to comfortably cover his costs.
Earlier this week, the golfer's agent, Mark Steinberg, announced he would be joining the agency Excel Sports. Although that means Excel gets Woods too, the icon was conspicuously absent from the announcement. Steinberg left IMG at the end of May. It took two weeks, but on June 7, Woods announced via Twitter that he would be leaving with Steinberg.
IMG declined to comment on the details of Steinberg's departure, or on Tiger Woods, but a trusted Fortune source with reliable information tells us that IMG was none too broken up about losing Woods, because his endorsement earnings have fallen so dramatically. The source says IMG's commissions for 2011 -- they'll continue to get a chunk of Tiger's endorsement deals through 2013 -- will be as low as $1.5 million.
That's a huge drop from two years ago. With giants like Gillette, Accenture, Tag Heuer, and Gatorade having jumped ship, Tiger's major deals are down to three: Nike, Electronic Arts, and Kowa. His EA Sports video game, Tiger Woods PGA Tour '12, set a first-week franchise record of 225,000 games sold. But our source also tells us that Tiger's Nike money fell by as much as 50% in 2010 (to about $10 million, down from $20 million in 2009) and that he will get the same reduced amount for 2011. The reason? Nike penalized him for his indiscretions, reducing his payment for two years as a response to his public behavior. Nike had no comment.
That Nike would have renegotiated Tiger's contract to give him a temporary pay cut may be hard to believe, but Bob Dorfman of Baker Street Advertising says, "That's not surprising. They're not going to release him entirely, because that's not the way they are, but [a pay reduction] would not surprise me at all."
As for the Kowa deal, Dorfman estimates its value at $4 million. Doug Shabelman of Burns Entertainment & Sports Marketing believes it's worth around $3 million.
Recent valuations of Tiger's overall endorsement earnings for 2011 have been between $60 and $75 million. But based on our information about Nike, and on the Kowa estimates, the real number is likely closer to $20 million.
Woods' agent adamantly denies the assertion that the golfer is facing financial strain. "Tiger Woods is financially sound and strong, contrary to wide-ranging rumors and inaccurate figures in the media," Steinberg wrote in an email. "Stating anything else is incorrect and factually baseless."
The Woods P&L
Another factor that has undeniably fizzled is Tiger's tournament winnings. Woods won no majors in 2009, the first year that's happened since 2004. He went completely winless in 2010, and this year he's so far missed the U.S. Open, AT&T National, and British Open due to a knee injury. According to the PGA Tour website, Tiger's 2011 winnings so far total $571,363. Those are like pennies compared to the $10.9 million, $5.8 million, and $10.5 million he earned in 2007, 2008, and 2009, respectively. In 2010, that dropped to $1.3 million.
Woods is still young, and undoubtedly one of the greatest golfers alive, but as he continues to stay off the links, that money stream dries up. Meanwhile, Tiger Woods Dubai, a billion-dollar project that was first set to open in 2009 with a golf course, pricey real estate, and restaurant, was scrapped in February.
As Tiger's revenues have declined, his expenses have only climbed. To begin with, there's the reported $100 million divorce settlement. And last August, Woods took out a $54.5 million mortgage on his home in Jupiter Island, Florida. According to the public document, Woods is required to pay off the mortgage in full by January of 2016, giving him a mere five and a half years to shed the debt. He's therefore paying more than $10 million each year, including his $431,042 in annual property taxes.
That 2010 property tax information comes from the district offices of Martin County, FL, where the home Woods now occupies alone is located. The property, which Woods purchased in 2006 for $44.5 million, is valued at around $47 million (the county values the house at $26.48 million, the land at $20.5 million). His 2010 improvements to the dwelling and the property cost him $6 million, including three separate residential pools, a tennis court, a golf green with a few holes, an elevator, and a 14,736-square foot improvement to the interior of the house -- evidence that Woods is not used to living cheaply. But the pace of his home improvements has slowed, according to online records of the county appraiser's office. So far there have been none in 2011.
Mark Steinberg says simply that there is no debt on Woods' Jupiter Island home, and declined to elaborate. But the Martin County clerk's office confirmed that their records show that the mortgage has not been paid off.
The Jupiter Island mega-mansion isn't the only Woods property. Among others, in 2007 he bought his mother property near his own, in Jupiter Island, for $2.4 million. In 2010, construction on that cost him another $2.6 million. Presumably, it's Woods himself that pays and will continue to pay all taxes on the home.
Between the divorce settlement and his recent mortgage, Tiger has faced recent debts to the tune of at least $160 million, though it's unknown how much of this he has now paid down. His endorsement earnings will not come close to this in 2011, and he's no longer adding much to his pot with golf winnings. Nike's decisive slash to his contract has not helped matters.
"Tiger remains one of the most popular and visible athletes in the world, demonstrated by television ratings, tournament attendance and various empirical polls," Steinberg says. "His endorsement future is strong and any additional partnerships will be announced at the appropriate time."
To fix up his financial short game, Tiger Woods is going to have to start making money again the old-fashioned way: by playing the sport he's known for but that boat may have sailed without him.

The fall from grace is faster, harder and more costly for the over-achieving ego-maniacs, it seems. Tiger did not invent this slide from favorite son but he is perfecting some aspects of it.
Just a couple of thoughts I had and you should too.
BRUCE A. BRENNAN
DEKALB, IL 60115
COPYRIGHT 2011

VISIT ANY OF THE SITES LISTED FOR REVIEW, RESEARCH, ORDERING MY WRITING PRODUCTS OR TO CONTACT ME.
Go to web sites below to buy books by Bruce A. Brennan. It is still a good time to purchase any of my books. The books are interesting and inexpensive reads. My third book should be available later this year, in late 2011. More information will be forthcoming.

www.ebookmall.com (Do search by my name or book Title)
www.barnesandnoble.com (do a quick search, Title, my name)
http://www.smashwords.com/ Do a Title or author search.

Book Titles:

Holmes the Ripper

A Revengeful Mix of Short Fiction

"We turn not older with years, but newer every day." - Emily Dickinson