Celebrity endorsements help in the sale of many products in the United States. A famous person links themself personally to a specific product or service in an advertisement, explicitly or indirectly saying:
“I use this product. It is good. I like it. You will like it, too.” The hope is that potential customers will respond with “I like, respect, admire that celebrity. If it is good enough for them, it must be good enough for me. I‘ll buy.”
Golf champion Tiger Woods signed endorsement deals with General Motors, General Mills, American Express, Accenture and Nike. In 2000, Woods signed with Nike a 5-year, $105 million contract, which became the largest endorsement deal ever signed by an athlete at the time. Woods is frequently seen wearing Nike apparel during tournaments and has a building named after him at Nike headquarters in Beaverton, Oregon.
