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AT&T Paid Zilch to Break Tiger's Contract

NEW YORK ( TheStreet) -- Tiger Woods allowed AT&T (T - Get Report) to back out of its contract with Woods without paying off the rest of its deal, according to the New York Times.

The article says that AT&T confirmed it was able to drop Woods as its company spokesman without paying even a dime of what it owed the golfer or going to court.

Accenture (ACN - Get Report) is reportedly another former Woods sponsor that managed to drop the golfer without having to go to court.

Sponsors including Nike (NKE - Get Report) and Electronic Arts' (ERTS) EA Sports division still stand by him. It's worth noting that the marketing strategies of those firms are almost inextricably intertwined with Woods' image.

-- Reported by Andrea Tse in New York

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SYM TRADE IT LAST %CHG
ACN $93.40 0.00%
NKE $100.95 0.00%
T $34.01 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%

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