Tiger Woods losing grip atop list of highest-earning athletes

Phil Mickelson is making a run at surpassing fellow golfer Tiger Woods as the top-earning US athlete, according to an annual survey released by Sports Illustrated on Thursday.

Swiss tennis player Roger Federer, owner of a record 16 grand slam titles, led non-Americans on the list and was followed closely by Filipino boxer Manny Pacquiao.

Woods, whose image was tarnished by a sex scandal, was the top earner for the eighth consecutive year but his winnings and endorsements dropped 31 percent in the 2011 survey to $62.3 million while Mickelson remained steady at $61.2 million.

Among Americans, the NBA’s LeBron James ($44.5 million), NFL’s Peyton Manning ($38 million) and Major League Baseball’s Alex Rodriguez ($36 million) rounded out the top five.

Federer kept his top position among non-U.S. athletes despite slipping 14.5 percent to $52.8 million, third overall, while WBO welterweight champion Pacquiao shot 38 percent higher to $52.5 million for fourth overall.

Read more at GMA News

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