Bloomberg News

Gold-Medal Swimmer Phelps Signs Endorsement Deal With Ping Golf

January 30, 2013

Record Olympic swimming champion Michael Phelps added golf clubs to his list of endorsements, signing an agreement to use custom-made Ping equipment on the course.

Phelps will debut his new clubs and other gear in today’s pro-am at the U.S. PGA Tour’s Phoenix Open, where he’ll be paired with Masters Tournament champion Bubba Watson, also a Ping endorser.

The 27-year-old Phelps, who collected a record 22 medals, including an all-time high of 18 golds, has been working on his golf game since retiring from competitive swimming. He is being coached by Hank Haney, Tiger Woods’s former coach, as part of a Golf Channel reality show.

“I know how difficult the game of golf is, but I’m really serious about getting better,” Phelps, who started playing golf five years ago, said in a statement.

Terms of the contract weren’t disclosed by closely held Karsten Manufacturing Corp.’s Ping, which is based in Phoenix.

At 6-foot-4, Phelps needed clubs an inch longer than standard length, three degrees upright and with grips 1/32-inch over standard size in diameter, the company said. The clubs were also made with gold, red, white and blue accents, Ping said.

Phelps has endorsement contracts with other non-swimming companies, including Hewlett-Packard Co. (HPQ:US), Subway Restaurants Inc. and Under Armour (UA:US) Inc.

To contact the reporter on this story: Michael Buteau in Atlanta at mbuteau@bloomberg.net

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net


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Companies Mentioned

  • HPQ
    (Hewlett-Packard Co)
    • $36.79 USD
    • -0.22
    • -0.6%
  • UA
    (Under Armour Inc)
    • $68.41 USD
    • -1.16
    • -1.7%
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