Arnold
Palmer died two weeks ago, at age 87, and while the sports world mourned his
passing it also celebrated a life that was well lived by any measure. Arnie
played great golf, saw the world, made a lot of money and, by all accounts, had
a lot of fun. No one could ask for more.
He
wasn’t the best golfer of his era—Jack Nicklaus was—and another contemporary,
Gary Player, also won more “major” championships. Indeed, Palmer’s period of golf
dominance was roughly comparable to Sandy Koufax’s in baseball, a 1958-to-1964
span during which he went from age 29 to 35 and won all seven of his major
titles. That must be considered brief in
a sport in which it’s not uncommon for men to play at a top level well into
their 40s.
Four of
Palmer’s major titles came in the Masters Tournament in Augusta, Georgia, whose
wide-open acres suited his powerful but less-than-precise game. Two more came
at British Opens played over similar layouts. He won just one U.S. Open (in
1960) and never did capture a PGA Championship. Player won all four of those
crowns, as did Nicklaus, many times.
Palmer,
however, was far-and-away golf’s most popular performer as long as he competed,
and one of the most popular athletes of any time. The son of a golf-course superintendent
from small-town Latrobe, Pennsylvania, and with a flailing swing to go with his
working-class origins, he exuded the sort of everyman appeal that was rare in
what was, and still is, a predominantly country club sport.
When he flicked away his cigarette,
hitched his pants, gazed intently at the flagstick and squared away to bash, we
rooted for his every shot to go in, and despaired when it didn’t. The straightforward
and unfeigned friendliness of his off-course manner reinforced his appeal. His “Army”
included millions of people who never set foot on a golf course.
Still, Palmer’s most-lasting legacy
has come not on the links but in the counting houses. With the visionary Mark McCormack,
the late Cleveland lawyer and golf aficionado who founded the International
Management Group, which under the initials IMG now just about runs golf, tennis
and several other sports, Palmer became the first athlete to fully cash in on
his celebrity. In doing so he set the pattern that Michael Jordan, David
Beckham and Tiger Woods, and many lesser lights, have followed. It’s a whole
new financial ball game these days, and they can thank McCormack and Arnie for
that.
I had various contacts with Palmer
over the years, starting with the front-page story on him I did for the Wall
Street Journal in 1966, as a reporter in New York before my columnizing
days. Slugged “Arnold Palmer, Inc.”, it
detailed the many business ventures in which the golfer had become involved
under McCormack’s guidance.
Previously, golfers’ and other
jocks’ non-competitive income had been pretty much limited to signing equipment
lines, playing exhibitions and, maybe, being quoted on how much they enjoyed
smoking Lucky Strikes. Sam Snead, whose Wilson-brand golf clubs topped the
sales charts for decades, was paid no more than $200,000 a year for the use of
his name and technical advice.
The revolutionary McCormack decided
to turn the tables on all that. “Any time you sell an endorsement you know that
the man doing the buying will benefit from it more than you,” he told me about
his epiphany. “We figured, why shouldn’t we be on the other side?”
Because of his unique popularity, Palmer
was the perfect instrument for McCormack’s thrust. Soon, not only was he
endorsing products ranging from ice rinks to a dry-cleaning chain (no kidding),
he also came out with his own lines of golf clubs, balls, bags and sportswear
and took an ownership share in the companies that made them. Those ventures
still were taking off in 1966 but his annual income the
year before approached $800,000, of which only $57,000 came from his winnings
on the PGA Tour. By his death his net
worth was $675 million, according to Internet sources, a figure that dwarfed his
lifetime Tour earnings of $2.1 million and the $6.9 million he took in when his
international and PGA Senior Tour prize money is included.
Through it all, and remarkably,
Palmer remained much the same, approachable figure he was when he was younger.
While some jock-tycoons (e.g., Tiger Woods) wrap themselves in corporate
cocoons and parcel out their time and attentions parsimoniously, he was
generous with his. A few years ago I wrote a book titled “For the Love of Golf”
as part of the “For the Love of…” series of illustrated books I did for Triumph
Books. The publisher asked me to contact Palmer to “write” the foreword; I put
the word in quotes because the usual practice is for the author, or someone, to
do the writing and the celeb to sign it.
I called Donald “Doc” Giffin, the
ex-sportswriter who was Palmer’s long-time factotum. He said sure, send it
over. I next inquired about what sort of compensation Arnie might expect. Not
to worry, said Doc, a couple cartons of the book would do fine.
I can’t help but contrast that
reaction with the one I received in 1996 when I was doing a piece for a Wall
Street Journal golf supplement on the 1986 Masters, which I covered and which
Nicklaus won in memorable fashion. Wanting a few quotes to flesh it out, I
phoned Nicklaus’s “people” about setting up a brief interview with the golfer.
The guy I spoke to asked me what companies
were advertising in the issue. I didn’t know and said so. Nobody’d ever asked
me that. He said to find out and call him back. I did, and named Cadillac among
several others. He said in that case Jack wouldn’t be speaking with me.
“Why?” I asked.
“Jack endorses Chrysler,” the guy
replied.