NEW YORK ( TheStreet) -- Tiger Woods allowed AT&T ( T) 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) is reportedly another former Woods sponsor that managed to drop the golfer without having to go to court.

Sponsors including Nike ( NKE) 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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