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Pak signs multi million deal with TaylorMade

South Korean golfer Se Ri Pak signed a multimillion dollar equipment contract on Wednesday with TaylorMade, the golf division of Adidas.

Under the contract signed in Seoul, Pak received $2.5 million in signing fees in exchange for using TaylorMade equipment for three years.

TaylorMade's South Korea office said Pak will receive unspecified bonuses when she wins on the LPGA and in other competitions.

Under the contract, TaylorMade's logo will be featured on Pak's cap, gloves and her caddy's vest, the company said. She will also wear shoes made by Adidas.

"I am glad to use TaylorMade equipment which has proven highly effective. I will return the favor given me by the company with good tournament records," Pak said.

Pak switched to TaylorMade midway through a 10-year contract with South Korean conglomerate Samsung. She terminated the deal at the end of May. The Samsung contract had stipulated a midterm renewal in 2002.

Samsung gave no reasons for the deal's breakdown, but denied local reports that Pak had demanded too much money.

Under the contract with Samsung, Pak received $615,000 in signing fees and about $615,000 in salary, bonuses and other expenses annually.

Samsung had sponsored Pak since 1995. It also signed a $5 million advertising deal with her in 1998.

Pak, 24, rose to fame in 1998 when she became the LPGA rookie of the year after winning four LPGA tournaments, including two majors -- the McDonald's Championship and the U.S. Women's Open.

She later won the other two majors -- the Kraft Nabisco Championship and British Women's Golf -- becoming the youngest golfer to complete a career sweep of four majors.


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