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Tiger Woods has deal with Rolex

Updated: October 5, 2011, 8:20 PM ET
Associated Press

SAN MARTIN, Calif. -- Tiger Woods has his first major endorsement since his downfall two years ago, announcing a deal Wednesday with Rolex to be one of its ambassadors.

Woods had lost five major endorsements in the two years since he was exposed for serial adultery and eventually divorced. He previously had a watch deal with Tag Heuer, which dropped him two months ago.

Terms of the deal were not disclosed, although it is believed to be longer than five years.

Woods earlier ...

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