This morning, Kaiser covered a story from the Chicago Sun Times that stated that Elin Woods would be given “a hefty seven-figure amount — immediately transfered into an account she alone controls — to stick with her husband.” Elin was originally slated to receive $20 million out of Tiger’s billion dollar fortune if she stayed married to him for a full 10 years. The couple has been married just five years, but Tiger is trying to throw more money at Elin to get her to stay.
The Daily Beast has exclusive details of the prenup terms and the exact dollar amount incentives included in the revised version. According to sources, Elin has been offered the full prenup payout amount, $20 million, plus an additional $55 million if she stays with Tiger for two more years. In order to encourage her to stay, Elin has been given an immediate $5 million payment. The guy made $110 million last year and he’s been married to Elin for five years. If the settlement doesn’t reach nine figures I don’t think it’s fair. That’s a hell of a lot of money, but look at all the women this guy cheated with. He wants his wife to stay for two more years for less than 10% of his fortune. He’s made a billion dollars. Who knows how much of that is left after all the women he’s wooed, but she deserves 1/2 of what he’s made during their marriage. Yes this is a sick amount of money, but look at how much he makes. He was the highest paid athlete in the world last year.
The Daily Beast has learned exclusively that the beleaguered golfer is negotiating an immediate $5 million payout to his wife—and revising her prenup to give her as much as $55 million more to stay with him two more years.
The lawyer familiar with the couple’s negotiations told The Daily Beast that Tiger also has agreed to shorten the original prenup to seven years from the date of marriage, meaning it will vest in another two. And the revised agreement provides for a staggered schedule of payments spread out over five years that could be worth upward of $75 million. So for Elin to collect $80 million, she’ll need to stay with Tiger another seven years, be a dutiful wife in showing up with him at social events and in public as if they were still the perfect couple, and sign a nondisclosure form that will prevent her from ever telling her story. Even if she lasts only two more years, she’ll still walk away with nearly twice what she was entitled to under the original prenup.
Tiger’s advisers, who have successfully gotten the couple into counseling sessions, believe that keeping the marriage intact will help Tiger keep his corporate sponsors and bolster his dented image. Elin is herself considered a good asset. She’s never been a publicity hound or used her marriage to make money through self-help books, lecture series, or QVC makeup and jewelry lines. Rather, she’s just maintained a low profile and dedicated herself to being a spouse and mother. As opposed to some other celebrities, like Tom Cruise or Angelina Jolie, Elin has never pushed her kids into the public eye. So, now, if she is persuaded to stay, she knows little will be the same. Her quiet life is finished. A Los Angeles-based paparazzo told me that a photo of Elin and the children would fetch $250,000. Some agencies are offering $100,000 just for tips that pay off with photos.
[From The Daily Beast]
A press conference scheduled for this morning by the mistress who previously denied a relationship with Tiger was canceled at the last minute. According to Radar Online, Tiger may have paid the woman off to the tune of a million dollars. At least that’s how much money Rachel Uchitel was allegedly seeking not to talk to the press. Now how is it that his wife only gets $5 million while this woman gets a million dollars for staying quiet? Both amounts are a ton of money and more than I’ve seen in my life for sure, but I just feel like Tiger should pony up $100 million bucks and tell his wife she’s free to go. He was caught cheating with at least two different woman while his wife was home taking care of their two kids.
The third woman that’s been named by the press, Kalika Moquin, tells US Weekly the rumors of an affair with Tiger are “completely untrue.” A source tells US that Grubbs is lying and that “She was absolutely sleeping with him. She brags about it!” The source adds that the two were together in Woods’ suite at the MGM Grande on October 22 and 23 of this year. If I were in Elin’s position I would get a damn good lawyer and challenge that prenup. There’s no way in hell I would stick around after all that.