Tiger Woods Divorce: $750 Million Price Tag?

(Tiger Woods story updated with skeptic's view on the reported price tag of the divorce settlement)
NEW YORK (TheStreet) -- Tiger Woods' divorce settlement with his former wife Elin Nordegren is, according to multiple reports, almost finalized, with Elin set to receive $750 million in exchange for her silence, according to reports.

This would amount to a record-breaking celebrity divorce settlement. Sources are telling People that silence has been the biggest bargaining chip for Elin so far, helping to steadily drive up the settlement figure.
Tiger Woods

As the divorce proceedings progressed, Elin traveled around Sweden and China with her and Tiger's children; Sam, 3 and Charlie, 1, according to People. Tired of being under the constant glare of the paparazzi in the U.S., Elin reportedly wants to move herself and the children back to her native Sweden, where she owns a home.

However, reports say that while Elin will get full physical custody of Sam and Charlie, the parents will have joint legal custody over their children, which could prevent her from relocating to Sweden.

As they hammer out the final details of the divorce settlement, Woods revealed the he will have a frank conversation with his children about the events that led to their parents' divorce when they're older.

Noteworthy is that editor Kurt Badenhausen of Forbes -- which has been tracking Tiger's earnings since he turned pro in 1996 -- thinks the $750 million is overblown. The magazine said that Tiger is only worth $600 million, after tax and fees to his agent, IMG.

"And if you think Tiger made a killing in the stock market, think again. The S&P 500 is at the same level it was at 12 years ago," Badenhausen wrote. "Any divorce settlement is likely to be worth a fraction of current reports."

This week, Tiger Woods tees off at the AT&T ( T) National tournament taking place between June 28 and July 4 at the Aronimink Golf Club outside Philadelphia.

AT&T was one of the first sponsors to drop Tiger amid his ongoing scandal, and this year he won't be the official host for the tournament. CNBC reported last month that Tiger's sex scandal cost his agent, IMG, $4.6 million in fees , as his sponsors backed away from him.

In addition to AT&T, sponsors that abandoned Tiger included Accenture ( ACN), PepsiCo's ( PEP) Gatorade brand and P&G's ( PG) Gillette. A study by finance professors at the University of California, Davis, estimated that shareholders of Tiger Woods-endorsed companies lost between $5 billion and $12 billion in market value after his sex scandal broke.

Nike ( NKE) and Electronic Arts ( ERTS), however, have been steadfast about their support for the golfer, jumping at the opportunity to include him in big ads as soon as he fully re-emerged into the public eye in this past spring.

-- Reported by Andrea Tse in New York

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