Rory McIlroy - 4 Time Major Winner

FixdePitchmark · 15-10-2013 4:33pm

BigChap1759 wrote: »

They originally made 20% of his off-course contracts which they negotiated and 5% of his on course earnings - this was renegotiated down in March to 15% of off-course contracts and nothing from on-course.

This is advised to be on the high side not not that unusual or outlandish no matter how it seems from the outside.

Sorry - just to get that right - 15 % is on the high side ?

So 20 % was a problem - as I expected ? + extras -

having a laugh they were.

First Up · 15-10-2013 4:34pm

FixdePitchmark wrote: »

I think 20 % is too much.

Honestly do. Rory does too. I know Rory - couldn't do a deal - but it is not as if Horizon were very experienced with a deal of that scale too.

But that's what he agreed to - twice! I honestly can't see what grounds he has for taking the action.

BigChap1759 · 15-10-2013 4:35pm

FixdePitchmark wrote: »

Sorry - just to get that right - 15 % is on the high side ?

So 20 % was a problem - as I expected ? + extras -

having a laugh they were.

No, the original deal was seen to be on the higher end but not particularly unusual. You seem to forget that all of the contractual negotiations are being handled by the agency. It is not like buying a 2nd hand driver of adverts....

PARlance · 15-10-2013 4:40pm

FixdePitchmark wrote: »

I think 20 % is too much.

Honestly do. Rory does too. I know Rory - couldn't do a deal - but it is not as if Horizon were very experienced with a deal of that scale too.

We'll never know what someone else would have gotten so it's all speculation I suppose.
But we do know it was one of the biggest sports deals ever, so I think we can assume Horizon did a pretty good job.

Getting a 10 year deal for that amount that is pretty much without any ties to performance is some achievement, his form over the last year has proven that to be a stroke of genius.

I honestly think Rory getting €160 million from just one of his many sponsors over 10 years is too much, should he give that back?

Rippeditup · 15-10-2013 4:52pm

FixdePitchmark wrote: »

Sorry - just to get that right - 15 % is on the high side ?

So 20 % was a problem - as I expected ? + extras -

having a laugh they were.

An agent is offering professional expertised service which they would estimate to drive a higher efficiency than what the person/business can do by themselves. They would manage everything commercially for him so he doesn't need to worry and he can focus on his golf.
My feeling is the large fees (after he got the Nike deal) gave him a shock so they re-negociated which is normal if you buy in bulk you get better rates but Rory still felt hard done by. From reading about the case it feels like he just needs to pay to get out of the contract, forget about it and move on and enjoy his millions as in all honesty it will make no difference to him but the stress will affect his game (as we have seen).

DuckHook · 15-10-2013 4:55pm

I find it hilarious that some posters on here think they have the first clue as to the intricacies of a multi million sports contract when i would put money down that not one person on this thread has ever read the terms and conditions of any contract they signed for a phone/credit card/mortgage etc.

Dbu · 15-10-2013 4:58pm

20% is a fair charge imo,
for that they do absolutely everything for him (apart from wipe his a.s in the loo)
flights,accom,book appearances,sponsorship etc etc etc

20% worked for U2 and Paul McGuinness...

realgolfgeek · 15-10-2013 4:58pm

DuckHook wrote: »

I find it hilarious that some posters on here think they have the first clue as to the intricacies of a multi million sports contract when i would put money down that not one person on this thread has ever read the terms and conditions of any contract they signed for a phone/credit card/mortgage etc.

I read the full T&Cs of my mortgage, as I'm sure alot of people have.

P.S I think a multi million contract would be treated slightly different to a credit card application.

PARlance · 15-10-2013 5:02pm

DuckHook wrote: »

I find it hilarious that some posters on here think they have the first clue as to the intricacies of a multi million sports contract when i would put money down that not one person on this thread has ever read the terms and conditions of any contract they signed for a phone/credit card/mortgage etc.

I have and am involved in a bit of work on commercial contracts from time to time, how much money are you putting down? I didn't note any T&C's in your post

DuckHook · 15-10-2013 5:05pm

realgolfgeek wrote: »

I read the full T&Cs of my mortgage, as I'm sure alot of people have.

P.S I think a multi million contract would be treated slightly different to a credit card application.

I dont believe you.

realgolfgeek · 15-10-2013 5:06pm

DuckHook wrote: »

I dont believe you.

No no please, you have to believe me.

Rippeditup · 15-10-2013 5:06pm

ajcurry123 wrote: »

I have and am involved in a bit of work on commercial contracts from time to time, how much money are you putting down? I didn't note any T&C's in your post

I also work on large transactional activity with agents being my main contacts on behalf of their clients. We have contracts in place for all activity and there is no way we would have situations like this

realgolfgeek · 15-10-2013 5:08pm

Rippeditup wrote: »

I also work on large transactional activity with agents being my main contacts on behalf of their clients. We have contracts in place for all activity and there is no way we would have situations like this

I don't believe you.

First Up · 15-10-2013 5:12pm

Dbu wrote: »

20% is a fair charge imo,
for that they do absolutely everything for him (apart from wipe his a.s in the loo)
flights,accom,book appearances,sponsorship etc etc etc

20% worked for U2 and Paul McGuinness...

From a legal perspective, it doesn't matter if it is 5, 10, 20, 50 or 99 per cent. Its a signed, legally valid contract.

His only basis for a challenge could be that he either signed it under duress, or if Horizon are in breach of its terms.

PARlance · 15-10-2013 5:15pm

As an aside, I've made the mistake of referring to "Rory" as being the person making all these decisions.
Does anyone actually believe Rory is driving force behind this?
I don't, I think he is a puppet in this whole thing, a puppet in a lot of things both on & off course to be honest.

Casey has done well for himself, the new CEO of RMI, a very smart move to play Rory against the big boys over at Horizon, whilst lining himself for a lucrative new job.

His father also seems to have too much control, never a great thing in my opinion. Pure speculation, but my opinion is that he has been held back in his development as a man by having his father around 24/7.
It's time for Rory to grow up a bit, it's past the stage of "he's only a kid".
Kid's have to grow up fast when they 100's of million at stake or if they are one of the top golfers in the world.

Don't want to mention his missus too much, I ain't a fan, but I certainly think the relationship has a negative impact on his golf. Wouldn't begrudge him an auld love life, but you can't have it all, and a celebrity relationship isn't what the one of the best golfers in the world needs.

First Up · 15-10-2013 5:22pm

ajcurry123 wrote: »

As an aside, I've made the mistake of referring to "Rory" as being the person making all these decisions.
Does anyone actually believe Rory is driving force behind this?
I don't, I think he is a puppet in this whole thing, a puppet in a lot of things both on & off course to be honest.

Casey has done well for himself, the new CEO of RMI, a very smart move to play Rory against the big boys over at Horizon, whilst lining himself for a lucrative new job.

His father also seems to have too much control, never a great thing in my opinion. Pure speculation, but my opinion is that he has been held back in his development as a man by having his father around 24/7.
It's time for Rory to grow up a bit, it's past the stage of "he's only a kid".
Kid's have to grow up fast when they 100's of million at stake or their one of the top golfers in the world.

Don't want to mention his missus too much, I ain't a fan, but I certainly think the relationship has a negative impact on his golf. Wouldn't begrudge him an auld love life, but you can't have it all, and a celebrity relationship isn't what the one of the best golfers in the world needs.

Yep - a new dad, new girlfriend, new management and maybe throw in a new caddy while we are at it. That would just leave the same old Rory (OK - maybe get the old clubs back.).

PARlance · 15-10-2013 5:24pm

First Up wrote: »

Yep - a new dad, new girlfriend, new management and maybe throw in a new caddy while we are at it. That would just leave the same old Rory (OK - maybe get the old clubs back.).

Problem solved.

They all don't have to change, they would fall in line if he was just to grow (a set) up a bit.

FixdePitchmark · 15-10-2013 6:06pm

ajcurry123 wrote: »

We'll never know what someone else would have gotten so it's all speculation I suppose.
But we do know it was one of the biggest sports deals ever, so I think we can assume Horizon did a pretty good job.

Getting a 10 year deal for that amount that is pretty much without any ties to performance is some achievement, his form over the last year has proven that to be a stroke of genius.

I honestly think Rory getting €160 million from just one of his many sponsors over 10 years is too much, should he give that back?

But - is it not just like a tendering process.

Rory would have become available - gone to Nike - have a legal document prepared

Gone to Adidas - got a price
Gone to TM - got a price
etc , etc,
Back to Nike.

Of course negotiation is very important - but there is a market that they are not going to deviate from substantially. If it was too low - another major would take him , if they wanted him they would out bid that.

Anyway -20 % was too much - hence it being dropped.

The U2 analogy is not fully valid - McGuiness put everything on the line with U2 from day 1.

Rory was the finished article - Horizon got a golden ticket with Rory - he should have been able to negotiate a much lower % than the entire industry on the basis of the scale of money he was going to earn.

Anyway - I honestly can see why - Rory facing a 40 million euro bill - could be a problem (20% of 200).

It could easily have been a graduated scale to make it fair.

Anyway - amazing he entered into a deal like that.

PARlance · 15-10-2013 7:22pm

FixdePitchmark wrote: »

But - is it not just like a tendering process.

Rory would have become available - gone to Nike - have a legal document prepared

Gone to Adidas - got a price
Gone to TM - got a price
etc , etc,
Back to Nike.

Of course negotiation is very important - but there is a market that they are not going to deviate from substantially. If it was too low - another major would take him , if they wanted him they would out bid that.

Anyway -20 % was too much - hence it being dropped.

The U2 analogy is not fully valid - McGuiness put everything on the line with U2 from day 1.

Rory was the finished article - Horizon got a golden ticket with Rory - he should have been able to negotiate a much lower % than the entire industry on the basis of the scale of money he was going to earn.

Anyway - I honestly can see why - Rory facing a 40 million euro bill - could be a problem (20% of 200).

It could easily have been a graduated scale to make it fair.

Anyway - amazing he entered into a deal like that.

Way more complicated than that Fix, Id estimate a full years work went into it from 2 or 3 people working on it pretty much full time.
I'm sure they got indicative figures to start off with from the main brands and there may have been some quick and easy benchmarks set, but the real work and real detail would come with the contract itself.
The detail and T&C'S that would be involved in this would be unreal.
Who gets what if a mug, ruler, watch etc etc is co branded with Nike & Rory...
The use of clubs...get out clause from using the putter... his obligations...what he can and can't say...what other brands he can and can't endorse, I'd guess the contract would run to 1000's of pages.

The 20% or 40 million wouldn't have been an upfront payment if he was still with Horizon. It would have been staggered to coincide with payments from Nike. They'd split them out of the 10 years I'm sure.
He may have to stump it up now, but that'd be a standard termination clause.

FixdePitchmark · 15-10-2013 7:42pm

@ aj.

So copy and paste from the 1000 s of other contracts that every sport agency in the world has.
Joking.

But if rory had an application process to be his agent in am.
There is no way Horizon would be in the game at 20 %.

But all hindsight.

But it is clear the scale of 20% has lost them their client and given them a bad name.

Martin567 · 15-10-2013 7:58pm

FixdePitchmark wrote: »

@ aj.

But it is clear the scale of 20% has lost them their client and given them a bad name.

Perhaps. In my opinion, from what I've heard so far, Rory comes out of this a lot worse than Horizon. It also continues the pattern of him not seeming to know what he wants in any aspect of his life. He's continually making drastic changes in very important areas. I don't know how he's ever able to practice or focus on golf.

realgolfgeek · 15-10-2013 9:30pm

In defense as well,
If I'm a 20 year old with with tens of millions thrown at me, I'd sign pretty much anything.... I'm sure I'd be of the opinion ...WOOHOOOOO, MILLIONS ... let me sign it with this crayon immediately please !

Easy to sit here and ridicule and all that ...
I haven't warmed at all to the guy lately to be honest ... just a bit too placid, and cocky ... if that makes any sense.

BigChap1759 · 16-10-2013 2:03pm

FixdePitchmark wrote: »

@ aj.

So copy and paste from the 1000 s of other contracts that every sport agency in the world has.
Joking.

But if rory had an application process to be his agent in am.
There is no way Horizon would be in the game at 20 %.

But all hindsight.

But it is clear the scale of 20% has lost them their client and given them a bad name.

On the contrary fixde, I honestly don't think the value has anything to do with the split...

FixdePitchmark · 16-10-2013 2:40pm

BigChap1759 wrote: »

On the contrary fixde, I honestly don't think the value has anything to do with the split...

I know we are only shooting the breeze here in a way - only 2 or 3 know the full story - Will it be in public if in court ?

But that is what was in SIndo.

But maybe when it comes to Rory now - sadly, I have to think , ok is this p.r. or Rory now.

Do you know something BigChap - we don't ?
Maybe you can't say.

BigChap1759 · 16-10-2013 3:03pm

I would love to discuss what I've heard fixde but I would only be restating rumour and innuendo......and we know what the mods think of that

First Up · 17-10-2013 10:16am

Good piece by Colin Byrne in today's Irish Times. Very circumspect but he makes his point.

ssbob · 17-10-2013 12:28pm

First Up wrote: »

Good piece by Colin Byrne in today's Irish Times. Very circumspect but he makes his point.

Is it online?

realgolfgeek · 17-10-2013 12:35pm

ssbob wrote: »

Is it online?

http://www.irishtimes.com/mcilroy-like-all-golfers-has-to-leave-deals-to-the-deal-makers-but-caveat-emptor-1.1563125

For Paws · 17-10-2013 10:40pm

Apparently RMcI will receive a fee of 1 millions dollars U.S. for his appearance in the Kolon Korean Open (approx 3 times what the event winner will get).

fullstop · 17-10-2013 11:50pm

For Paws wrote: »

Apparently RMcI will receive a fee of 1 millions dollars U.S. for his appearance in the Kolon Korean Open (approx 3 times what the event winner will get).

How much of that will Horizon take :P

TRS30 · 18-10-2013 8:35am

For Paws wrote: »

Apparently RMcI will receive a fee of 1 millions dollars U.S. for his appearance in the Kolon Korean Open (approx 3 times what the event winner will get).

I believe he is getting $5m for 6 tournaments in Asia, not including any prize money.

RikkFlair · 18-10-2013 11:33am

Soooooo....on the golf course :pac:

Real mixed bag today but a 2 under round and really in position to go and win this.

SnowDrifts · 18-10-2013 11:38am

RikkFlair wrote: »

Soooooo....on the golf course :pac:

Real mixed bag today but a 2 under round and really in position to go and win this.

Well he is the only player in the world's top 200 playing in the event so anything but a win is going to be poor IMO.

First Up · 18-10-2013 4:02pm

SnowDrifts wrote: »

Well he is the only player in the world's top 200 playing in the event so anything but a win is going to be poor IMO.

It would be embarrassing to be beaten by someone we (or he) had never heard of but its essentially a warm up event for him.

Speak Now · 18-10-2013 4:19pm

For Paws wrote: »

Apparently RMcI will receive a fee of 1 millions dollars U.S. for his appearance in the Kolon Korean Open (approx 3 times what the event winner will get).

More than the tournaments total purse apparently. Warm up indeed!!

ForeRight · 18-10-2013 4:22pm

Jerry Seinfeld wrote: »

More than the tournaments total purse apparently. Warm up indeed!!

More than what he won last year maybe?

First Up · 18-10-2013 4:29pm

Jerry Seinfeld wrote: »

More than the tournaments total purse apparently. Warm up indeed!!

I know but he is mostly getting ready to start playing with the big boys, which he will be doing in China.

For Paws · 18-10-2013 4:36pm

Yeah Rory, watch out for your man Kim, he's fairly handy !

SSK · 19-10-2013 9:44am

75 today, 10 back.

For his sake I hope its rust or the remainder of the season could be a similar story to how the year has gone so far. Still the inability to pt 4 good rounds together continues.

slave1 · 20-10-2013 9:47am

67 for joint second, should be interesting too see what ranking points he gets?

ForeRight · 20-10-2013 4:53pm

Seems like the whole break up rumour was indeed that, a rumour.

He tweeted her just there blowing her kisses and generally being a soppy idiot after she won in Switzerland.

SnowDrifts · 20-10-2013 7:31pm

ForeRight wrote: »

Seems like the whole break up rumour was indeed that, a rumour.

He tweeted her just there blowing her kisses and generally being a soppy idiot after she won in Switzerland.

SnowDrifts wrote: »

I tend not take with a pinch of salt articles written with only anonymous sources.

As I said earlier in the thread - just a sign of sloppy journalism using anonymous sources as fact.

John Divney · 20-10-2013 10:01pm

Watching the highlights, 2 stroke penalty for grounding club in the hazard for Kim, which was one of those island greens in a lake, so he grounded it as he was on like a foot or couple of feet from the edge

Dreadful markings, guy lost a boatload of cash,

poteen · 01-12-2013 7:37am

Good gritty win from Rory down under in the Australian Open. Not the greatest field of competition but he did well to overcome Adam Scott in the final pairing and to win as he was a shot behind going down the last.

big_drive · 01-12-2013 8:23am

Great win. Signs in past couple tournaments that he was getting there. The fact that it was a player of the calibre of Adam Scott he got the better of makes it a fine win. Plus all the home crowd would have been rooting for Scott so it shows the mental toughness to get the win in those circumstances is coming back.
Great that 2013 won't be marked down in the record books as a winless year for Rory

Will the win have much of an effect on his world ranking? Get him up one place at least surely will it?

First Up · 01-12-2013 11:24am

big_drive wrote: »

Great win. Signs in past couple tournaments that he was getting there. The fact that it was a player of the calibre of Adam Scott he got the better of makes it a fine win. Plus all the home crowd would have been rooting for Scott so it shows the mental toughness to get the win in those circumstances is coming back.
Great that 2013 won't be marked down in the record books as a winless year for Rory

Will the win have much of an effect on his world ranking? Get him up one place at least surely will it?

Just watched the replay. Two shot swing on 72nd is a great way to win - and a cruel way to lose. Very impressed with his game this week and his mental strength in overcoming the local hero. How good to see the sporting attitude of the crowd. So much nicer than drunk and thuggish US galleries.

Benicetomonty · 01-12-2013 12:35pm

First Up wrote: »

Just watched the replay. Two shot swing on 72nd is a great way to win - and a cruel way to lose. Very impressed with his game this week and his mental strength in overcoming the local hero. How good to see the sporting attitude of the crowd. So much nicer than drunk and thuggish US galleries.

It's funny, and 1 of the commentators mentioned it, but the amount of support McIlroy was getting was astonishing. By far the most vocal were those rooting for Rory; even with all the Irish in Sydney, I thought the Aussie fans were v quiet, especially with what Scott has done this year and the last 3 wks. Maybe they feared the worst!

benny79 · 01-12-2013 12:44pm

first win with nike clubs to which i think is very important!

First Up · 01-12-2013 12:53pm

benny79 wrote: »

first win with nike clubs to which i think is very important!

I don't think the clubs were ever the problem but for sure Nike will be happy - and relieved.

benny79 · 01-12-2013 1:10pm

yea I know but its the monkey off his back so to speak!

Rory McIlroy - 4 Time Major Winner

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