http://sports.yahoo.com/golf/pga/new...yhoo&type=lgns
Quote:
If Woods keeps winning at his current rate, enjoys a nine percent annual return and captures just seven FedEx Cups in his career, he could reach $1 billion in retirement payouts courtesy of the PGA Tour Inc.
Yes, a billion. As in a thousand million. As in $1,000,000,000.
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Quote:
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Since turning pro at 21, Woods has been collecting the contributions and watching them grow. Back in 2001, Golf Week estimated he might one day retire with $300 million. But with the new FedEx Cup funded deferred compensation plan, what was an astounding figure might now be the richest retirement payout ever.
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That is just crazy, to think you have a possible $1,000,000,000 waiting for you when you retire after making god only knows how much up to that point.
Slow day in sports and thought it was interesting that the PGA was doing something like this.