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15 Athletes Who Lost Sponsors—and What the Reported Money Figures Mean

These 15 athletes faced sponsor exits, suspensions or non-renewals. Their reported losses range from attributed estimates to unknown amounts, and cannot be ranked on one consistent basis.
From TheFinanceBase Team5 min to read
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Several high-profile athletes lost endorsement deals after scandals or legal troubles, but the available figures do not support a reliable ranking of the 15 biggest losses. Reports mix annual endorsement estimates, future contract value, one-year earnings declines, amounts athletes sought, and opportunities they never secured. The cases below show what sponsors did and what each dollar figure actually represents; some athletes have no established loss amount.

How to read the reported losses

A sponsor ending a deal does not establish how much cash an athlete lost. A figure may describe a contract’s estimated value, future earnings that would have been paid over time, an annual endorsement estimate, or a broader change in income. In some cases, the amount comes from an athlete’s own claim or a secondary list, not an audited accounting.

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The 15 examples are therefore not ranked by dollars. The evidence varies, and some cases involve a suspension or non-renewal rather than a sponsor abruptly terminating an active contract.

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15 athlete cases and the money reported

Athlete Sponsor action and context Reported financial figure and what it measures
Lance Armstrong After the USADA report in October 2012 and the UCI’s stripping of his Tour de France titles, Nike terminated its contract; Trek ended its support; Anheuser-Busch said its deal would end at year-end; and Oakley later severed ties. The Los Angeles Times quoted Nike saying it had terminated the contract because of evidence of doping and misleading the company. The Los Angeles Times reported an expert estimate of $30 million in lost endorsement earnings plus public-speaking fees. ESPN separately reported a source’s estimate that the deals represented $35 million in future earnings. These are different estimates and measures, not an audited total.
Tiger Woods After the 2009 scandal, Accenture, AT&T, Gatorade, Buick and other sponsors left or ended deals. Nike stayed with Woods. Fortune reported that Nike cut the value of his $20 million-per-year deal in half for two years. GOBankingRates, citing ESPN, reported Woods earned $22 million less in 2010 than in 2009, a 30% decline in total earnings—not a single lost sponsorship contract.
Maria Sharapova After Sharapova announced a positive meldonium test in March 2016, Porsche and Nike suspended their relationships and TAG Heuer did not renew. Nike later said it would continue working with her, as did Evian and Head. GOBankingRates lists the amount lost as unknown. The suspensions and non-renewal should not be described as a permanent Nike exit.
Oscar Pistorius In February 2013, Nike said Pistorius would not appear in future campaigns, Oakley suspended its contract, and Thierry Mugler withdrew promotional material, according to The Guardian. The Guardian reported contemporary estimates of more than $2 million a year in endorsements. GOBankingRates later listed $2 million a year as lost. The annual estimate is not proof that he actually forfeited that full amount.
Michael Vick After his 2007 conviction, Reebok, Rawlings, Donruss, Upper Deck and AirTran ended relationships in the following days, according to Fortune. GOBankingRates also lists Nike among the deals lost; it reports that Nike signed Vick again in 2011. The consulted accounts do not establish a reliable amount lost.
Ray Rice After the elevator video became public in 2014, Nike ended its deal and removed his jerseys from stores. GOBankingRates also lists other sponsor losses. GOBankingRates estimates $1.6 million per year. Treat that as the list’s estimate, not an audited total of money Rice actually forfeited.
Barry Bonds Fortune’s account of the 2007 reporting describes sponsors’ departures and also notes Bonds had some short-term endorsements. Fortune reported Sports Illustrated’s estimate of $28 million a year in lost contracts. GOBankingRates relayed a New York Times estimate of $10 million a year in missed opportunities. The estimates concern different things and should not be added together or treated as cash directly lost.
Adrian Peterson Nike terminated its contract in November 2014 after Peterson entered a no-contest plea. GOBankingRates says Castrol and Radisson also severed ties. Peterson asked the NFL to consider $4 million in sponsorship losses as part of its punishment, according to GOBankingRates. That was his stated claim, not an independently audited award.
Wayne Rooney GOBankingRates lists a Coca-Cola deal, but Fortune reported the company allowed it to expire rather than ending it early. Rooney retained Nike and EA Sports deals, according to Fortune. GOBankingRates reports £600,000 per year for the Coca-Cola deal. The reviewed accounts do not reconcile that figure with the remaining contract term, so it is not a confirmed mid-contract loss.
Michael Phelps Fortune reported that Kellogg chose not to renew after the 2008 photo controversy. Phelps’s agent, Drew Johnson, disputed the description of him as dropped, arguing the deal was due to expire. Fortune said Speedo, Visa, Omega and Subway remained. No loss amount is established in the consulted accounts.
Rashard Mendenhall Fortune reported that Champion ended its deal after Mendenhall’s public comments in 2011. Mendenhall sued Hanesbrands over the contract. He sought $1 million, describing it as the amount remaining on the contract. The parties settled for an undisclosed amount, so the amount sought is not a confirmed realized loss.
Ben Johnson GOBankingRates says Diadora dropped the sprinter after his positive test at the 1988 Seoul Olympics. GOBankingRates reports $2.8 million in losses, but the available account does not establish whether that refers to a contract, total career losses, or another measure.
Aaron Hernandez GOBankingRates says Cytosport and Puma dropped Hernandez after he was charged with murder. The sponsor-loss amount is listed as unknown. The value of an NFL playing contract is a separate matter and should not be counted as endorsement money.
Jon Jones TIME reported that Nike dropped Jones in 2014 in connection with an out-of-Octagon brawl. GOBankingRates recounts further sponsor losses after a 2015 hit-and-run and a later GAT Nutrition deal. The consulted accounts provide no reliable loss amount.
Mike Tyson Fortune reported that Pepsi money was among Tyson’s lost endorsements and that sponsors left over the four months following events in 1988. Fortune also noted a Kodak relationship and a Nintendo promotion contract. Fortune reported an estimate of $8 million to $10 million in endorsements lost that year. It is a historical estimate across sponsors, not a figure attributable to one company.

What the cases show about endorsement risk

A sponsor can leave, pause, or simply not renew

Those actions have different financial consequences. Sharapova’s case included suspensions followed by Nike’s decision to continue; Phelps’s agent disputed that a non-renewal counted as being dropped; and Fortune described Rooney’s Coca-Cola deal as expiring rather than being terminated early. A list that treats all three outcomes as equivalent can exaggerate how much contract value disappeared.

“Lost millions” may describe a forecast, not a payment

Armstrong’s reported future deal value is not the same measure as an expert’s estimate of lost endorsement earnings. Woods’s lower year-over-year earnings include more than a single sponsor contract. Peterson’s figure was a request for the NFL to consider claimed losses, while Mendenhall’s was an amount sought in a lawsuit that settled without a disclosed figure. Before comparing headline amounts, identify what the number measures and who supplied it.

Returning to sponsorship is possible

Fortune reports that Nike later signed Vick again, and GOBankingRates says sponsors showed renewed interest in Peterson after his return to play. A sponsor exit is not necessarily permanent, though the available accounts do not establish a comparable financial value for those later relationships.

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Did Nike drop Tiger Woods?

No. In the reporting summarized by Fortune, Nike remained with Woods after the 2009 scandal, although it temporarily cut the value of his deal. Other sponsors ended their relationships with him. This is a clear example of why sponsor departures should be described company by company rather than as a blanket collapse of every endorsement.

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