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Tiger Woods
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Tiger Woods signs new 5 year Titleist deal

Tiger Woods has signed a new five-year deal to play Titleist clubs and balls, SportsLine confirmed Friday. An official announcement is expected Monday.

Woods, 23, the top-ranked golfer in the world, has played Titleist equipment since he turned professional in 1996. Titleist's parent company, the Achushnet Co., sued Nike Inc. on June 25 because two popular Nike Golf ads featuring Woods gave the impression that he uses Nike Golf equipment. As a result of this new agreement, the lawsuit has been dropped, but Woods will no longer carry a Titleist golf bag.

Woods reportedly earned $20 million for his previous five-year agreement with Titleist.

Mark Steinberg of International Management Group, Woods' agent, would neither confirm nor deny the new deal. However, he conceded Woods will have a new sponsor on his bag.

"Let's just say there is a lot of interest,'' Steinberg said.

Woods has been relaxing in Florida and working on his game since helping lead the U.S. to a stirring come-from-behind victory over Europe in the Ryder Cup.